Stock News | Market Tamer Stock and Options Training

Auto insurance has been increasing rapidly, so much so it contributed to recent hotter-than-expected Consumer Price Index (CPI). With rising costs hurting consumers, it's important to know what are the best ways to cut costs. Trusted Choice Board Member and CoverLink Insurance President Matt Simon joins Yahoo Finance to break down some of the best ways to reduce auto insurance costs and what investors need to keep in mind with auto insurance and inflation. Simon offers this advice to consumers: "Two big things that consumers can do -- number one, look at increasing your deductibles. So many drivers nowadays we see still have $250, $500 deductibles when the reality is they probably should be closer to $1,000 or $2,500 if they can afford it. That would certainly help drive their down cost of insurance down quite a bit. Which dovetails into my second suggestion, don't use your insurance for the nickel and dime-type claims. Don't turn in small claims if you can avoid it. If you're going to do that you might as well go ahead and increase your deductibles because you're not planning on turning those smaller claims in in the first place. " For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

IMF Raises Global Growth Forecast Amid High Inflation: 5 Picks

Investors Heavily Search The Progressive Corporation (PGR): Here is What You Need to Know

The Zacks Analyst Blog Highlights The Progressive, Toyota Motor, Iron Mountain, Vulcan Materials and Vipshop

Company News for Apr 15, 2024

Could This Be The Mystery Stock Billionaire Warren Buffett Has Been Adding to Berkshire Hathaway's Portfolio?

Progressive First Quarter 2024 Earnings: Beats Expectations

Progressive's (PGR) Q1 Earnings, Revenues Top, Premiums Rise Y/Y

Sticky Inflation Delays Rate Cut Expectations: 5 Low-Beta Picks

The Zacks Analyst Blog Highlights ServiceNow, The Progressive, Analog Devices, The Southern Company and Welltower

Progressive Reports March 2024 Results