Insurance Coverage For Uber, Lyft & Sidecar Passengers

Ride Hailing Insurance Passengers

Ride-hailing companies Uber, Lyft and Sidecar each provide $1 million in commercial liability coverage to protect passengers and others in case of an accident caused by one of their drivers. This coverage is similar to the commercial insurance policies that taxi drivers are required to carry, but with higher limits of liability than is typical in most cities. For example:

Read More

Insurance Facts for Uber, Lyft & Sidecar Drivers

Ridesharing Insurance

Ride-hailing services like Uber have grown rapidly and signed up thousands of drivers. These new businesses make it possible for individuals to work flexible schedules and to enter the transportation business without a big initial investment.

Read More

2015’s Most and Least Patriotic States

Most-Least-Patriotic-States-BadgeExpressions of American pride come in many forms — some as simple as Fourth of July fireworks, others as courageous as the sacrifice made by the men and women in our armed forces. The list goes on and on, from exercising one’s right to vote to buying American-made goods (especially apple pie) to even paying taxes.

However, it appears that patriotism has been waning in recent years. While 38 percent of Americans said the U.S. was the best country in the world in 2011, that number fell to 28 percent in 2014. What’s at the heart of our patriot pouting and where is this problem most pronounced? It’s clear that some states bleed more red, white and blue than others, so we set out to quantify these differences by examining eight key metrics that collectively speak to issues such as military engagement, voting habits and civil education requirements. The results, as well as expert commentary and a detailed methodology, can be found below.

Read More

Car Sharing Insurance: For Zipcar, RelayRides, Others

Car Sharing Insurance

Car-sharing services such as Zipcar provide affordable and convenient wheels on an as-needed basis. This helps many households to either live car-free or to reduce the size of the family fleet. By bundling in car insurance within the basic fees, they make it easy for you to get on the road with confidence when you need a car.

Read More

How To Balance A Checkbook & Reconcile A Bank Statement

How to Balance a Checkbook

Balancing a checkbook is easy. The task involves recording every withdrawal and every deposit you’ve made in the recent past and will make in the near future. Once you’ve done so, you’ll need basic math skills and a few minutes each day or month to verify the accuracy of your work and to calculate a running balance.

Read More

2015′s Best & Worst for 4th of July Celebrations

WH-2014-Best-and-Worst-Cities-for-July-4th-CelebrationsNothing is more American than going all out on Fourth of July. We grill, we drink and we blow stuff up — all in the name of freedom. But freedom isn’t free. Everything — from hamburger buns to travel to fireworks — costs major scratch.

And our collective consumption on Uncle Sam’s birthday shows how much we’re willing to pay for our independence. This year, WalletHub projects Fourth of July spending to be around $346.50 on average per household, up 5 percent since 2014. On beer alone, we’re projected to spend more than $1 billion. That’s to wash down the 150 million hot dogs, 700 million pounds of chicken and 190 million pounds of beef we eat on this star-spangled occasion.

Read More

2015’s Best and Worst States for Summer Road Trips

WH-2014-Best-and-Worst-States-for-Summer-Road-TripsFor many Americans, summer is the time to hit the open road. After all, school’s out, the weather’s warm and the possibilities are endless. The only dilemma? Deciding on a destination. And for financially conscious travelers, the budget will make the call though it doesn’t have to mean less enjoyment.

During warmer months, traveling and gas prices tend to climb and peak in August. But that hasn’t deterred Americans from taking their road trips. In 2014, domestic and international travelers collectively spent $644.9 billion on leisure travel. And they’re at it again this year: About 85 percent of Americans — up 13 percent since 2014 — are planning a summer vacation, and nearly 90 percent of them will be on the road.

Read More

2015’s Metro Areas that Most and Least Resemble the U.S.

WH-Best-Badges-150x150-US-AverageIt’s hard to define what is or isn’t American. Although we can’t patent freedom, we can safely lay claim to buffalo wings, bluegrass and David Letterman. But we can’t have it all. Contrary to popular belief, English isn’t our official language. And the rumor that New York’s Italian immigrants invented pizza? That’s been laid to rest. Heck, even Lady Liberty is formerly a French citizen. Mother America relies on such cultural identifiers to color her personality, and we have rapid diversification to thank for that.

But how do we quantify our nation’s identity? One way to do so is by parsing demographics. Characteristics such as ethnic makeup, household size, educational attainment and household characteristics can encapsulate America’s uniqueness from a statistical vantage point.

Read More

2015’s Best and Worst States for Working Dads

States-for-Working-Dads-BadgeMale parenting is not what it once was. Fatherhood has long abandoned its 1960s definition. Back then, families relied on a single income — that of the dad, who spent much of his week at work while the missus stayed home to care for the kids and handle the chores. Today, 60 percent of family households depend on two incomes. And the contemporary dad no longer fits neatly into the standard of the married male breadwinner and disciplinarian.

Regardless of the changing identity and priorities of the modern dad, fatherhood remains an undisputedly tough job. And a father’s ability to provide for his family is central to his role. In fact, nearly 93 percent of dads with kids younger than 18 were employed in 2014, according to the Bureau of Labor Statistics. But in some states — where economic opportunity abounds and quality of life is emphasized — dads have it better than others.

Read More

Strictest And Most Lenient States On DUI

STRICTEST STATES ON DUIDrunk driving takes a terrible toll on the nation’s roads and highways every year. Also known as “driving under the influence” (DUI) or “driving while intoxicated” (DWI), alcohol-impaired driving was the cause of 31 percent of motor vehicle fatalities in 2012 , according to the National Highway Traffic Safety Administration. In addition to the loss of human life, the government estimates that drunk driving costs Americans nearly $60 billion per year in economic losses.

There is good news, though. Since the 1980s when states first began to crack down on drunk driving, the rate of impaired driving and the number of accidents caused by drunk drivers has dropped considerably. This has meant many saved lives, as drunk driving fatalities declined 52 percent from 1982 to 2013.

Read More

Switching Car Insurance: When To Do It & Ways To Save

Switching Car Insurance

TV commercials for car insurance promise big savings if you switch providers, but it’s important to put these claims into perspective. When you think about it, most people are only going to change policies if doing so will definitely save them money. Proving that your average customer saved 15% or so therefore isn’t so tough, after all.

Read More

Best Car Insurance Options After A DUI

DUI Insurance

A conviction for driving under the influence (DUI) — also called driving while intoxicated (DWI) — will make it harder and more expensive to get car insurance. The good news is that a DUI conviction is only one of several factors that insurers use to determine risk. Each insurer also handles these infractions a bit differently. The bad news is that insurance rates can increase 30% or more after a first DUI, according to our findings.

Read More

2015’s Best & Worst Cities for Families

WH-2014-Best-and-Worst-Cities-for-FamiliesFamilies move often and for varied reasons. In fact, the average American can expect to move an estimated 11.7 times during his or her lifetime, according to the U.S. Census Bureau. Moving can be a sign of either opportunity – a new job or long-term wealth accumulation, for instance – or of instability like foreclosure or job loss. The key in either case – whether you’re a newly married couple or a victim of America’s economic transition – is to choose an area conducive to economic prosperity and the overall pursuit of happiness.

With that in mind, WalletHub compared the 150 most populated U.S. cities based on 30 key metrics that take into account essential family dynamics such as the relative cost of housing, the quality of local school and health care systems, and the opportunities for fun and recreation. While obviously not perfect – given the intrinsic value of each city, personal preferences and the limitations of publicly available data – our findings will hopefully give prospective movers a sense of which areas offer the greatest opportunity to achieve wallet wellness and, of course, live a long and happy life. You can check out the results, additional insight from experts and our detailed methodology below.

Read More

2015’s Best and Worst States for Teen Drivers

WH-2014-Best-and-Worst-States-for-Teen-DriversGetting a driver’s license at 16 is considered a rite of passage in American culture. But this exciting coming-of-age has instead become a death sentence for thousands of teens each year. Motor-vehicle accidents continue to be the leading cause of death among people between the ages of 16 and 19, the age group with the highest risk of crashes.

And the financial implications are staggering. Although 15- to 24-year-olds make up only 14 percent of the population, they rack up nearly a third of all costs resulting from motor vehicle injuries. That’s not counting the costs of auto maintenance, insurance premiums, possible traffic citations and other vehicular incidents — expenses that can pile up over time.

Read More

2015’s Best & Worst Cities for Hockey Fans

Best-Worst-Cities-for-Hockey-Fans-BadgeNo one — or at least very few — imagined “hockey” and “hot climate” would ever appear in the same sentence. But gone are the days when hockey was considered an exclusively frigid-weather sport. Today, nearly a third of the 30 National Hockey League franchises are based across the Sun Belt — from Los Angeles all the way to Miami.

And America’s obsession with hockey seems only to be growing. It’s currently the fourth most followed sport among U.S. adult fans and has climbed one spot in the top 10 every year since 2012. The NHL is in fact so popular that it sold out more arenas than the National Basketball Association this past season. Equally surprising, Americans are willing to pay, on average, 15 percent more to see a hockey match than an NBA game.

Read More

2015’s Best & Worst Cities for Summer Travel

Wallet Hub 2014 Best Worst Cities for Summer TravelSchool’s out, the mercury’s rising and, for some folks, tax refunds have yet to be spent. What does this mean for millions of Americans? Time to plan their perfect summer getaways. Americans of all ages — but Baby Boomers and Traditionalists especially — plan to travel and increase their travel spending this summer compared with the same time in 2014, according to travel and tourism research firm D.K. Shifflet & Associates.

And while the younger generations also intend to boost their travels during the warmer months, their budgets tend to fall heavier on the side of frugal. Millenials in particular will spend about $2,300 on their vacations, nearly $500 less than the $2,788 budget of the average American traveler.

Read More

2015’s Best & Worst Cities for Baseball Fans

Best-Worst-Cities-for-Baseball-Fans-BadgeGet used to seeing more Americans sporting baseball fan gear this summer. If 2014’s any indication — Major League Baseball witnessed its seventh biggest attendance of all time this past September — we may see yet another record-breaking baseball season in 2015.

Americans can’t seem to get enough of it. Baseball is the second most followed sport in the U.S., claiming more than 52 million of the entire adult population. But baseball’s a much bigger seller beyond the snacks, tees, bats and mitts. There’s an entire segment of baseball’s market betting top dollar on their favorite teams. This past year alone, the public wagered $722 million on the sport.

Read More

Our content is intended for general educational purposes and should not be relied upon as the sole basis for managing your finances. Furthermore, the materials on this website do not constitute legal advice and should not be relied upon as such. If you have any legal questions, please consult an attorney. Please let us know if you have any questions or suggestions.