A Strategy to Tackle Rising Auto Insurance Premiums

Plus, the best rental websites and apps to find a home or vacation property. Created for {EMAIL} | [Web Version]( August 6, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into High Savings Rates]( The stock market’s [1,033-point loss]( yesterday sparked speculation that a rate cut may come sooner than later, possibly before the next Fed meeting in September. I have been touting the merits of high-yield accounts, CDs and money market accounts for almost a year. Safe investments usually come at a cost and these savings vehicles have been paying over 5%. That is a substantial rate for no-risk investments with guaranteed returns. In the 2010s, average three-month CD rates topped out at 2.69% in December 2018. This current decade began with an average three-month CD rate of 1.65% and dipped to a low of 0.09% in June 2021 after the Fed responded to the [economic downturn]( created by the pandemic by cutting interest rates to nearly zero in March 2020. One downside to Fed rate cuts is a negative impact on savings rates. If you have been mulling over opening a [high-yield](, [money market]( or [CD account](, the clock is ticking on your chance to lock in the best savings rates you're likely to see for at least a few years. - Donna LeValley, personal finance writer [Energize Your Portfolio With This New Infrastructure Investment]( Dive into the future of the power grid for potential growth. Discover opportunities in renewable energy and smart technologies. Make informed investment choices now. [READ MORE]( ADVERTISEMENT [] AUTO INSURANCE [] [Car Insurance Rates Are Rising. Is It Time to Switch Providers?]( [Car Insurance Rates Are Rising. Is It Time to Switch Providers?]( (Getty Images) Car insurance rates are still rising; U.S. auto insurance rates rose an average of 11.2% during 2023 and are projected to go up another 7% this year. The sting of inflation will be felt for years to come and finding a cheaper way to insure your car is one of the ways you can manage the higher costs. If you have auto insurance, we tell you [seven reasons why changing insurers is a good idea and three instances when you should stay put](. We also have some tips to help you save without switching providers. [] ANNUITIES 101 [] [10 Things to Know About Annuities]( [10 Things to Know About Annuities]( (Getty Images) Annuities offer a guaranteed stream of income, but it can be challenging to understand annuities until you dig in and research them. Weigh your options because you'll be giving up a substantial amount of cash in return for a guaranteed income for an extended period, or life. Use this list of [10 things you should know about annuities before you invest to make an informed]( and, hopefully, profitable decision. [Top 5 Wealth Management Firms in the US]( If you're looking for help with wealth management, retirement, or tax planning, finding the top financial advisor in the United States means choosing between thousands of options. Check out the list of top 5 firms in the US for individual investors. [See the list]( ADVERTISEMENT [] HOW TO FIND A RENTAL PROPERTY [] [The Best Places to Find Home Rentals]( [The Best Places to Find Home Rentals]( (Getty Images) Real estate listings were ready-made for the internet. A good site will allow you to filter out the homes that meet your criteria and make finding a home or vacation rental easier in a competitive market. We’ve done the hard work of screening sites and apps to find the easiest to use with the best results. So if you're downsizing, looking to “test drive” a neighborhood, or going on a much-needed vacation — you should [start with our list of the 10 best websites and apps for renting a home and the five best sites for a vacation rental](. [Financial experts + automated tech]( While you focus on what's important to you, Betterment is working behind the scenes to optimize your investments and make your money hustle. [Learn More]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Here's why stocks are selling off and what investors can do]( A post-mortem of yesterday’s market losses from our investing experts. [Is pre-IPO investing worth the risk of getting burned?]( Learn to identify and weigh the potential risks and rewards to determine if it’s a worthwhile strategy for the average investor. [How women can win the retirement savings struggle]( From caregiving demands to long life expectancies, retirement planning for women is tricky. Use these steps to boost your retirement savings and help them reach your retirement goals. [Build a Better Portfolio — Sign Up for Kiplinger's Free Investing E-Newsletter]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. 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