02.22.23 Why & How To Shop Auto Insurance / Work Ethic: Should Teens Have Jobs?

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 22 February 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Auto insurance has increased significantly in the past 3 years. Clark covers the cost pressures - that vary per insurer - affecting your rates. This is why comparison shopping is more important than ever. Clark helps you get started. Also, it’s troubling that overwhelmingly, teens don’t have jobs any more, missing out on early work experience so beneficial to their life education. On the other hand, there’s an opposite trend that’s also troubling. Clark discusses family work culture decisions. Shopping Auto Insurance: Segment 1 Ask Clark: Segment 2 Teens And Jobs : Segment 3 Ask Clark: Segment 4 Mentioned on the show Auto insurance is up by more than 15% this year in some states. Here's how to keep your premium down How to Shop for Car Insurance Car Insurance Archives - Clark Howard What Is Owner's Title Insurance? 3 Things To Know Should I Pay a Company To Lock Down My House Title or Is It a Scam? Delta Community Credit Union Car Loan Rates Navy Federal Credit Union Auto Loan Refinancing [The Washington Post] In a tight labor market, some states look to another type of worker: Children My Printer Is Extorting Me Where To Buy the Best Cheap Printer Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:17.3	not the case for Monso.
0:18.4	My name is Shun. I am the Founder of Target Trition.
0:21.6	Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director
0:26.6	of a limited company, UK Businesses Only, terms and conditions apply.
0:35.3	It's my pleasure to welcome you to the Clark Howard Show.
0:38.2	We're omissions to serve you and empower you to make better financial decisions in your
0:44.0	life.
0:45.0	And today's episode, I'm going to talk about why it might be time for you to shop around
0:51.4	your auto insurance. I'm also going to address a trend in the US that I want us to think
0:58.7	through. And that is that people in their teens overwhelmingly don't ever have a job
1:06.1	anymore. And that's something that troubles me. I want to talk about that.
1:12.8	So auto insurance rates have gone up quite a bit overall in the last three years. And
1:23.0	there are very specific reasons that are legitimate reasons why auto insurance rates have
1:31.1	gone up.
1:32.1	All right. First, well, the cost of repairing vehicles or when a vehicle is totaled,
1:39.3	the cost of the insurer paying off that vehicle both went way up because of the supply shortages
1:47.9	that were so prominent in 21 and part of 22. Both of those pressure points are relieving
1:56.5	now. But it was a true legitimate much higher expense level for auto insurers as people's
	...

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