The cost of homeowners insurance continues to skyrocket, far exceeding the rate of inflation, especially in high-risk areas. This crisis is fueled by a combination of climate-related disasters, increasing costs for materials and labor, as well as insurance company withdrawals from certain markets. Consumer advocates, including our guests, also blame a lack of strong regulation and corporate
Most drivers find a policy, pay the premium, and never think about it again. Big mistake! Checkbook shoppers find huge price differences from company to company. Most drivers will save $500 to $1,000 a year by shopping around and switching if they find a better deal. In this episode: Which insurance companies have the best prices? Which
Most homeowners pay too much to insure their houses. They waste money on worthless optional coverage—or worse—stick with the same insurers year after year without checking if lower premiums are available from other companies. The potential savings from making a switch are dramatic, and you don’t have to sign up with a poorly rated company or get
Home warranty companies promise to save you thousands of dollars if you need an expensive repair. But Checkbook found these plans are terrible deals for most homeowners. Warranty companies are the subject of thousands of complaints to consumer agencies. After paying $400 to $1,000 for the coverage, consumers find that home warranty contracts often have numerous fine-print
Auto insurance companies base their premiums on a host of factors, such as the vehicle, driving record, and, in most states, your age, gender, marital status, and credit history. Some also offer discounts if you agree to install telematic technology on your car, which monitors when and where you drive—and how safe or reckless you drive to
