According to the United States Department of Treasury's Federal Insurance Office, the average American household spends around two percent of its annual income on personal automobile insurance. However, auto insurance companies typically raise and lower premiums based...
With car crashes being the leading cause of death for Americans 34 years and younger, the federal government requires every U.S. car owner to have auto insurance, except in Virginia and New Hampshire states. Every year, car owners in the U.S. make thousands of auto...
A recent Morbidity and Mortality Report from the Centers for Disease Control and Prevention (CDC) shows that COVID-19-related measures such as the stay-at-home order and social distancing are taking a toll on the mental health of many Americans. It also means that...
Package theft is a significant problem in America. According to a report by C+R Research, 36% of Americans have lost a package at least once. With 92% of Americans expecting to receive a package during the holiday season, it is essential to take some precautions to...
American roads and highways can be a dangerous place, especially when drivers resort to aggressive and risky driving maneuvers with little or no consideration for other motorists and pedestrians. In fact, in 2019 alone, car crashes in the U.S. caused around 39,000...
Thanksgiving is not only one of the most popular holidays in the U.S. but also one of the most dangerous in terms of the large looming threats of tragic accidents. In 2012, there were 764 fatal car crashes and nearly 50,000 non-fatal ones on Thanksgiving Day, as...
Every year, at least one out of 20 insured homes in the U.S. files a claim for damages to their house property, as reported by the Insurance Information Institute. Once you file a claim, your insurance rate may increase by up to 40%, depending on the type and size of...
According to the National Association of Insurance Commissioners (NAIC), the average annual homeowners insurance rate in the U.S. is around $1,200. However, the actual rate varies across the country depending on named perils. For example, data from the Insurance...
Typically, when auto insurance companies suffer consistent losses due to an increase in auto insurance claims, they adjust their auto insurance premiums upwards to return to profitability. From an increase in distracted-driving car crashes to record-breaking natural...
If you have decided to be a renter, you should invest in renters insurance, especially if you own expensive personal belongings or regularly entertain guests. To give you some insight into renters insurance, here are three common renters insurance questions and their...