The Clark Howard Podcast 05.28.25 Best Auto Insurance / Economic Uncertainty: Preparation & Family Communication
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May 28, 2025 Rising auto insurance rates have consumers scrambling for better deals; discover smart shopping strategies and hidden gems among lesser-known insurers. Family conversations about money become crucial amid economic uncertainty, helping families brace for potential downturns. Tips for navigating currency fluctuations for travel payments and insights for booking cruises highlight savvy financial choices. Explore the importance of open discussions on financial topics within families to foster preparation and resilience during tough times.
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Smaller Insurers Outperform Big Brands
- Auto insurance rates have surged due to many factors including car costs and repair shortages.
- Smaller boutique insurers often provide better customer service than big brand insurers.
Check Insurance Before Car Purchase
- Shop insurance quotes before buying a car to compare premiums by model.
- Insurance costs can vary greatly between vehicle models, impacting your overall expenses.
Lock Currency Rate, Delay Trip Payment
- Avoid paying the full cost of a trip upfront due to currency fluctuations and potential risks.
- Use services like Revolut or Wise to buy foreign currency now and pay later to lock in exchange rates.