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I’m excited to have recently been quoted in a recent article by HerMoney from Jean Chatzky. Writer Casandra Andrews reached out to XYPN members with a media request and she chose to include my response in her article WHY YOU MAY BE PAYING TOO MUCH FOR YOUR AUTO INSURANCE (AND COVERED FOR TOO LITTLE).
Insurance Topics Covered
This HerMoney article contains important concepts about insurance price shopping, state requirements for protection, and how your credit score may impact your insurance premium.
Excerpt Referencing State Minimum Requirements
Casandra Andrews writes:
“Auto insurance can be tricky,” says Marianne M. Nolte, a certified financial planner with Imagine Financial Services who helps her clients spend strategically. “In most states, you must carry liability insurance to help pay for the expenses of the other party if you are involved in an accident. Unlike liability insurance, comprehensive auto insurance is not a state requirement. So the choice is up to you.”
When would you consider the added expense? If you still owe money on your car or it is newer and has retained its value, Nolte says, comprehensive coverage will help mitigate your loss in the event of damage or loss (Andrews, 2021).
To View The Full Article:
About the Author
Author, Marianne Martini Nolte, Certified Financial Planner ™ practitioner, provides fee-only, fiduciary, independent financial services. Her firm, IMAGINE FINANCIAL SERVICES (IFS) is a registered investment advisor offering advisory services in the State of California and in other jurisdictions where exempted. Marianne’s focus is serving Women and Young Professionals. This article is intended as a high level view.
All written content is for information purposes only. Opinions expressed herein are solely those of IFS, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness.
For more in depth information, please reach out:
Marianne Martini Nolte, CFP®
Imagine Financial Services
phone, (760) 472-5155
Andrews, C. (2021, January 14). Why You May Be Paying Too Much For Your Auto Insurance (And Covered For Too Little). Retrieved January 15, 2021, from https://www.hermoney.com/protect/insurance/why-you-may-be-paying-too-much-for-your-auto-insurance-and-covered-for-too-little/