08.08.24 Auto Insurance Backlash / When There’s No Fiduciary: A Tragic Tale

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Investing, Business

4.6 • 5.2K Ratings

🗓️ 8 August 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve talked a lot recently about rising insurance rates. The car insurance industry is facing some backlash now, as consumers explore their options. Clark has advice on lowering your premiums. Also today - many people buy lottery tickets, but the odds of winning are insanely low. One couple actually hit a huge jackpot, but what happened next is a very sad story. Save More On Auto Insurance: Segment 1 Ask Clark: Segment 2 Financial Advisors- Choose Wisely: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Fed Up With Their Car-Insurance Bills, Drivers Shift Gears - The Wall Street Journal. NYTimes: How to Rein In Rising Auto Insurance Rates 10 Ways To Save Money on Car Insurance Mile Auto Insurance: A Firsthand Review How to Freeze Your Credit With Experian, Equifax and TransUnion Credit Karma Review: Free Credit Score and More at Your Fingertips Should I Be Concerned That I’m Receiving Mail at My Home With Someone Else’s Name? What’s the Best Way To Exchange Dollars for Foreign Currency? And When Should I Exchange Money? Should You Buy Gold at Costco? / Warning: How You Should NOT Buy Gold A Couple Won the Powerball. Investing It Turned Into Tragedy. - The WSJournal. What Is a Fiduciary Financial Advisor and Do I Need One? How To Find and Choose a Financial Advisor How to Qualify for Medicaid: Eligibility Requirements 6 Things To Know About Series I Savings Bonds What Clark Says You Should Do With Your I Bonds This Year Clark.com resources Episode transcripts Community.Clark.com 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 here at the Clark Howard show. You know, our mission is to serve you with advice and information that empowers you so you make better financial decisions in
0:16.2	your life.
0:18.2	It feels like a broken record talking about the increases in insurance for homes and autos.
0:27.0	It's been so much of what we've talked about.
0:30.0	The car insurance industry is facing something it's, I don't think it's ever faced.
0:38.0	The sheer percent of auto insureds that are reshopping their auto insurance is absolutely at an all-time
0:47.4	high. People are making completely different decisions with auto insurance.
0:52.7	I'm gonna talk about that straight ahead.
0:56.0	And something that's not part of my life
0:58.5	buying lottery tickets.
1:00.9	It is for a lot of other people,
1:02.4	particularly when the jackpots get really, really big and the power ball and the
1:08.0	is the other one called big game or something?
1:10.0	Whatever, you see those billboards around the country with the two mega millions mega millions
1:16.4	mega millions yes
1:17.4	mega millions and powerful
1:20.4	Okay and you every time there's a giant jackpot. I haven't bought a lot. You don't do it anymore?
1:27.0	In years. Oh, used to when the jackpots would get real big.
1:31.0	I got in a pool, yeah, it was always in the company pool. I give a dollar. And what
1:35.3	do with all your millions? Yeah, unfortunately we never had it big. I've saved enough thanks to you.
1:47.0	Well, you know, the chances are hitting it very, very small. But what happens when you do win?
1:50.0	Sometimes you lose, even when you win.
	...

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