Automobile

Best Car Insurance Companies of 2015

The best car insurance companies offer comprehensive coverage, superior customer service, financial strength, and painless shopping experiences to get a leg up on their competition. The barrage of TV ads underscores that there’s no shortage of competition in the industry, either. Whether you’re staring at Progressive’s Flo or Allstate’s “Mayhem,” it’s hard to escape any …

How to Get Cheap Car Insurance in 2015

Whether you have a set of shiny new wheels or a decaying rust bucket, cheap car insurance is a must for staying legal on the road. The good news? You have more control over factors that influence your car insurance rates than those that affect other types of coverage, such as life insurance or home …

How Much Will That Ticket Cost You?

Before we pass our road test and receive a freshly minted driver’s license, we learn one of the most important facts about driving: Being charged with a moving violation is costly. Most of us have the facts imparted first by a driving instructor and then reinforced by a concerned parent, who assures us that the …

Categories: Automobile, Insurance

Is Buying a Snowplow a Good Investment?

Have you ever had one of those winters? Here in Boston, it feels like it’s been snowing for days. We got 22 inches earlier this week, and now another 6 inches are on the way. Schools in Boston were closed for three straight days, which seems crazy to me — buck up, people! But to be truthful, getting …

Why You Probably Don’t Need Rental-Car Insurance

Your bags are packed, you’ve found a sitter for the dog, and you’ve suspended your newspaper subscription for a few days. That can only mean one thing: You’re going on a trip. This year, consumers will take 1.6 billion leisure trips across the United States, reports the U.S. Travel Association, a trade group. Nearly eight in …

Insuring the Sharing Economy

Any doubt about the depth of wisdom of a mother’s time-honored aphorism to “share and share alike” has been laid to rest by the meteoric rise of the sharing economy. From Airbnb to Zipcar and an ever-growing list of collaborative enterprises, the opportunities for consumers and entrepreneurs abound almost equally. No matter whether you attribute …

What a Deal: Groupon for Essentials

It’s easy to dismiss Groupon as a service aimed at getting you to waste your hard-earned cash on frivolous splurges and bargains of questionable value. After all, some of the most popular Groupon deals are for things like buy-one-get-one-free restaurant meals, spa treatments, and vacation bundles. In other words, stuff you don’t need. An article in The Atlantic echoed …

Best Bad Credit Auto Loans of 2015

Getting the best price on a car is never an enjoyable experience, and getting a car loan with bad credit can make this experience even harder to swallow. If your credit score is less than ideal, you’ll probably find yourself locked out of certain deals commonly offered to those with good credit, like very low …

How to Make Money Driving for Uber

Thanks to the modern marvel of the Internet, a slew of disruptive technologies have completely reshaped entire industries over the last decade. Think about how Amazon.com reinvented shopping by offering subscription services for everything from diapers to groceries with Amazon Prime, for example. And remember Blockbuster? Streaming video services like Amazon and Netflix turned video rental storefronts into the …

Steering Clear of Car Insurance Scams

You are probably already a victim of insurance fraud, whether you realize it or not: The average family pays between $400 and $700 a year in higher premiums just to cover the more than $40 billion cost of non-health insurance fraud, according to FBI estimates. About half of that comes from auto insurance alone. The National Insurance …

Categories: Automobile, Insurance

Eight Strategies for Fuel Efficient Driving

A few weeks ago, I found myself following a strangely erratic driver while rolling along on US-163 here in Iowa. This driver was doing several very noticeable things. For starters, this person was driving several miles an hour under the speed limit, going about 57 in a 65 MPH area. Whenever we reached a dip, …

Categories: Automobile

Best Auto Loans for 2015

For most people, the best auto loans are the ones with the lowest rates. And unless you’re lucky (or disciplined) enough to be sitting on a small pile of cash, chances are you’ll need to find the best car loan rates to buy your next vehicle. But who should get your business? The list of …

The Rise of Black Box Car Insurance

Car insurance companies have always looked for ways to maximize profits by minimizing their risk. Insurance companies make money by taking in more in premiums than they pay out in claims. It’s hard to raise premiums in a competitive market, so reducing risk is the easiest way for them to become more profitable. Making money would …

Categories: Automobile, Insurance

How to Switch to Paying Cash for Your Car

In 2003, I purchased a 1997 Ford F-150 pickup. Given the financial disaster that my life was at the tiem, I “paid” for it entirely with a loan, which saddled me with car payments for the next three-plus years. In 2010, the Ford F-150 needed to be replaced, so we bought a 2004 Honda Pilot. …

Are Ethanol Fuels a Bargain?

Ethanol Added and Premium Fuels Are a Questionable Bargain Over the last year, I’ve been keeping careful track of the fuel efficiency of my 2004 Honda Pilot. You know the vehicle – it’s the one I bought off of Craigslist a few years back. My driving in the vehicle is an almost equal mix of …

Categories: Automobile, Frugality

Should I Lease or Buy a Car? 3 Situations Where Leasing Makes Sense

In general, I’m pretty strongly opposed to the idea of leasing a car. In most situations, a car lease is a long-term financial mistake. Compared to a cycle of buying late model used cars and driving them to their replacement point, auto leasing is very expensive. Still, there are exceptions to every situation. A recent …

Categories: Automobile

Road Trip Tips: Keys to a Cheap Summer Adventure

This summer, my family is going on a very long road trip to multiple national parks, a stop at Disneyworld, visits with relatives, and many little side trips and journeys along the way. We are going to see large parts of the United States and do it all in an automobile. No matter how we …

The Problem with “Driving It Into the Ground”

I subscribe to the philosophy of driving a car into the ground before you replace it. I’m thirty five years old and over the course of my entire life (since I was sixteen), I’ve been the primary driver of only three automobiles – and the third one is going to last several more years. With …

Categories: Automobile

Looking Ahead at Automotive Decisions

Every once in a while, it’s useful to look at the state of the automobiles that your family owns and ask some hard questions about upcoming costs, both in terms of repair and eventual replacement. I thought I’d walk through these questions as they relate to our own cars to provide some ideas of what …

Categories: Automobile

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