07.14.22 Auto Insurance Increases / WFH: A Generational Shift

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 14 July 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Add auto insurance increases to higher vehicle & gas prices. Collision rates and the cost of repairs are up too, factors creating a perfect storm of costs for auto insurers, in turn passed along to drivers. Hear 2 ways to lower your auto insurance premiums. Also this episode: Employers thought they’d order everyone back to office work last September. That flew out on the Delta variant. There are pros & cons to Work From Home but for most remote workers, the advantages win out. Management had best be flexible. The landscape has changed - permanently. Shop Auto Insurance: Segment 1 Ask Clark: Segment 2 WFH: A Generational Shift: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Car Insurance Archives - Clark Howard Credit Karma Review: Free Credit Score and More at Your Fingertips 5 Sneaky Ways To Improve Your Credit Score Investing & Retirement Archives - Clark Howard 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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0:00.0	It's my pleasure to welcome you to the Clark Howard Shower Emissions to serve you and
0:09.8	empower you to make better financial decisions in your life.
0:14.8	Today, I'm talking car insurance.
0:18.2	If you haven't seen an increase in your rate, you gotta be ready for one coming.
0:23.7	Later, there's been a lot of news about some companies requiring workers to come back
0:30.3	to the office.
0:31.6	Eli Musk always seems to create waves and he really did about coming back to the office.
0:39.6	Well, that's generally not working out so well for the employers that have been ordering
0:45.6	people back.
0:46.6	The landscape, I believe, has changed for probably a generation or more.
0:53.9	Let's talk car insurance.
0:56.5	So if you needed one other thing to be a problem in the vehicle market with trying to buy a
1:04.4	newer used vehicle and the price is being so inflated and going to fill up that vehicle
1:10.2	and it being so expensive to fill it up, you can add to the list what's happening with
1:16.3	the car insurance.
1:17.9	So auto insurers are not the bad guy here.
1:23.6	I know it'd be great to just say, hey, auto insurers are just ripping everybody off.
1:28.9	That's not what's going on when you get your notice of pretty hefty premium increases
1:36.1	from so many different auto insurers.
1:39.6	So we got multiple things all at once.
1:43.4	And we seem to have collectively all lost our minds on the road.
1:48.4	I mean, who has not seen that people are driving significantly worse?
	...

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