Accidents happen. In cars, they happen nearly 100,000 times a day, and insurance can be the only thing standing between you and financial catastrophe.
Here are explanations of the major parts of a typical policy, starting with perhaps the most important component, liability coverage. The goal is to help you find your way through the thick language of an insurance policy.
We also offer suggestions for getting the best possible deal on your coverage.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Premiums can never be too cheap. Here are some ways to lower your car insurance bill, and keep it down.
Liability coverage protects you if you bang up someone else or their property.
When it's unclear who's to blame, no-fault coverage can eliminate delays and legal costs.
In many cases, collision coverage is optional, but there are many good reasons to include it in your policy.
Don't duplicate coverage you may already have.
Protect Yourself from Uninsured Drivers
Cover yourself and your passengers in case other drivers disobey state insurance laws.
Don't forget about theft, fire and forces of nature.
-
Can I Stop Social Security and Restart it Later?This articles explains what is required to stop and restart Social Security and details how to do it.
-
Six Estate Planning Tips for Younger Generations
Millennials and Gen Zers are taking their estate planning seriously. These tips can help make the process seem less daunting.
-
More Signs of Belt-Tightening and a Slowing Economy: The Kiplinger Letter
The Kiplinger Letter Although fewer banks are tightening lending standards, more businesses and households are feeling the squeeze.
-
What Is Comprehensive Coverage and What Does It Cover?
insurance This grab bag of coverages can protect you and your vehicle from theft, fire and forces of nature.
-
Passport Processing Times Speed Up: The Kiplinger Letter
The Kiplinger Letter The State Department credits an increase in staff and new technology with shrinking processing times.
-
White House Aims to Limit Access to Short-Term Health Plans: The Kiplinger Letter
The Kiplinger Letter The Biden administration's draft rule would restore several Obama-era regulations.
-
What Is Liability Insurance and What Does It Cover?
insurance Liability insurance protects you if you injure someone else or damage their property with your car.
-
What Is Collision Insurance and What Does It Cover?
insurance Collision insurance is often optional, but there are many good reasons to include it in your policy.
-
Some Good News for Consumers on Heating Costs: The Kiplinger Letter
The Kiplinger Letter Most (but not all) heating costs should be cheaper this year compared to 2022.
-
U.S. Banks Closed 3,000 Branches Last Year: The Kiplinger Letter
The Kiplinger Letter Last year, 3,000 U.S. bank branches closed as lenders looked for ways to fight competition from fintech and digital banks and keep pace with technology.
