How to Counter Skyrocketing Car Insurance Costs

Best (and worst) cities for Valentine's Day Created for {EMAIL} | [Web Version]( February 14, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Controlling Car Insurance Costs]( The outlook for better car insurance rates is grim. Inflation has raised costs for insurers and, despite falling inflation rates, the forecast predicts it will take a few years to see any retreat on rate increase. Kiplinger personal finance writer Erin Bendig shares all the data about [why prices are up and what you can do to find lower rates](. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at d.levalley@futurenet.com [How Dividend Reinvestments Boost Your Returns]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT [] TOP STORY [] [A 7-Step Guide to Caring for Your Aging Parents]( [A 7-Step Guide to Caring for Your Aging Parents]( (Getty Images) My family has been dealing with arranging care for a beloved aunt. We are fortunate to have a nurse in the family who has experience with the red tape that can make the process harder and longer. I’m using this experience and this article to prepare for caring for my own parents. CFP Andrew Rosen has [a seven-step guide that is practical and easy to follow for caring for an aging parent or family member](. [] AUTO INSURANCE [] [Car Insurance Costs Skyrocket in 2024]( [Car Insurance Costs Skyrocket in 2024]( (Getty Images) The cost of car insurance is up and not coming down anytime soon. Inflation has driven up costs for insurers and they are making up the difference with rate increases. And did you know that certain life events can drive up rates even further? Keep reading to [find out ways you can make your car insurance costs more affordable](. [Reduce Market Risk and Defer Taxes on Retirement Returns]( Have you considered adding a Fixed Index Annuity (FIA) to your investment lineup? Benefits of adding an FIA to your Go2Income plan for retirement income include: 1. Capturing a % of Market Gains 2. Protecting Returns from Market Losses 3. No Taxes on Returns until Withdrawal If you want to keep your savings in the market, see how an FIA could do that with less risk. To find out, order a complimentary Go2Income plan and FIA Report. [Order Your Plan]( ADVERTISEMENT [] FINANCIAL COMMUNICATION SKILLS [] [How to Get on the Same Financial Page as a Couple]( [How to Get on the Same Financial Page as a Couple]( (Getty Images) On Monday, I shared an article that warned you about five financial red flags in relationships and today, I have some more advice about couples and finances. Understanding each other is paramount to a couple’s financial success. ChFC Kelly Gallimore explains [how perspectives and priorities can differ and how to bridge that gap](. This type of understanding allows couples to work from their individual strengths and remain aware of blind spots. [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Tesla temporarily cuts certain model Y prices]( You have two weeks to take advantage of this temporary price reduction. [Best (and worst) cities for Valentine's Day]( Some suggestions for where to find a romantic setting for a getaway. [What costs to expect when you get a pet]( Financial planning suggestions if you are considering adopting a pet. [The housing market is improving in 'fits and starts' so far in 2024]( Mortgage demand was down slightly with a slight increase in rates. 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. 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