GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
Heres what she had to say and someinsurance policies it’s possible for you to skip.
Why Is Insurance More Expensive Now?
Rates have gone up significantly, and some insurance companies have begun to refuse coverage for certain vehicle models.
Car insurance rates, for example, have gone up 26% in 2024.
So why is insurance getting so expensive?
There may be several reasons.
Unfortunately, the data shows something else.
Insurance companies are reporting record earnings.
This is more than double the earnings in 2022.
Cruze had five pieces of advice to maximize what youre getting from your insurance.
If you have these, reassessing and removing them can significantly reduce your monthly expenses.
This way, you’re able to uncover any errors, overcharges or opportunities to adjust your coverage.
She recommended you establish an emergency fund of at least $1,000 to mitigate the impact of such expenses.
You may find that you might cut down your debt significantly with a few phone calls.
According to Cruze, renters insurance is incredibly affordable and protects your belongings in case of disasters or theft.
More From GOBankingRates
Share This Article:
