The Clark Howard Podcast
09.20.24 Clark Answers His Critics on Clark Stinks / Auto Insurance Rate Forecast
Sep 20, 2024
Clark, a consumer finance expert, addresses listener critiques in a lively segment called Clark Stinks. He and Christa dive into the sharp rise in auto insurance rates, providing insights on why rates jumped nearly 20% last year and how used car prices influence premiums. They discuss savvy strategies for saving on car insurance and share thoughts on additional coverage options like rental car insurance and umbrella policies. Plus, tips on 529 plans for college savings and the evolving landscape of international payments add extra layers of financial wisdom.
36:56
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Quick takeaways
- The auto insurance market's recent rate increases are influenced by used car price fluctuations and insurers recovering from financial losses.
- Proactive consumers can lower costs by comparing quotes and understanding rental car insurance practices, especially regarding tire damage charges.
Deep dives
Cost-Saving Strategies for Wireless Services
The promotion of budget-friendly wireless services highlights significant price reductions in response to rising living costs. An innovative approach is introduced with the involvement of a reverse auctioneer to draw attention to low monthly rates. For just $15 per month, consumers can access unlimited wireless services, creating a contrast with the generally higher rates in the market. This strategy not only appeals to cost-conscious consumers but also effectively demonstrates a financial response to current economic challenges.
