Singles may have more fun, but they also pay more than their married friends for car insurance. A single 20-year-old pays 21% more than a married 20-year-old for the same policy, a new study from InsuranceQuotes.com found. To an insurer, it comes down to statistics — and singles get into more accidents. Married drivers might … Read more
Geico is accused of failing to offer policies that offer the minimum amount of coverage legally required to good drivers. While the Geico gecko has been busy charming us in his commercials, the company has allegedly been discriminating against low-income drivers in California. Geico is accused of failing to offer policies that offer the minimum … Read more
The government has stopped openly sharing your personal information from the Obamacare website with private companies. Earlier this week, the government came under fire after the Associated Press showed that Healthcare.gov was relaying users’ personal information, such as zip code, income level, pregnancy status and whether or not you are a smoker. That information was … Read more
In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to … Read more
File just one property claim to your insurer and you can expect to see your premiums soar by hundreds of dollars in some states. On average, filing a single claim — for anything ranging from a stolen bicycle to tornado damage — will result in your monthly premium being raised by 9%, according to a … Read more