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- Why Clark wears 2 watches (2 6 25)
Why Clark wears 2 watches (2 6 25)
Anthony Hazzard
February 06, 2025
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Are auto insurance prices starting to moderate? Later in this email, we will share more information about this and Team Clark's advice on shopping for cheaper premiums.
šµ Todayās Top Stories
 | Clark Howard wears a watch around both wrists and another device on his ring finger. Why does he do it? And what devices are they? Read more. |
 | Fraud alerts are supposed to protect you. But sometimes fraudsters send fake ones. Hereās how to ābe your own police officerā in this situation, as Clark explains. Read more. |
 | The Philadelphia Eagles and Kansas City Chiefs meet in Super Bowl LIX on Sunday. Hereās where you can watch the game, and how you can watch even if you donāt have cable. Read more. |
 | The best cell phone deals include the option to get every fourth month free ā¦ forever! You can also get honeypot deals for a year by switching providers. And companies are giving out extra data. Read more. |
 | Itās getting harder to find credit cards that offer car rental insurance as a benefit. But they still exist. Team Clark tells you where to find them and how the benefit works. Read more. |
š»ļø Tech Tip From Kim Komando
Photoshop skills without all the training: Itās here with Adobeās Magic Fixup. Imagine deciding you want something in an image in a different place or a little bigger. You can cut and paste it, then AI does all the work to make it look natural. Amazing stuff. Join 575K people who get tech smart with my friend Kim Komandoās free newsletter, The Current.
šļø Silver Lining: Auto Insurance Prices Starting To Moderate?
With the exception of eggs, perhaps no staple of the American economy has increased in price as consistently as auto insurance in recent years.
According to Insurify, auto insurance rose 15% in 2024 and 42% since 2022. The average American pays $2,313 per year for auto insurance.
These are all discouraging numbers for Americans who have experienced a period of intense inflation.
However, a record $33.1 billion in underwriting losses in 2022 led to a 24% surge in auto insurance premiums in 2023. As weāve discussed, that number fell to +15% last year. And Insurify predicts it will climb ājustā 5% this year.
Seventeen states will experience auto insurance price increases of 2% or less, matching or beating the federal governmentās stated target for inflation. (Sorry, Florida and New York. Youāre expected to see nation-high 10% increases.)
Moderating auto insurance prices isnāt an economic silver bullet if you are struggling financially. But stable prices year to year would be something everyone would welcome.
For more on auto insurance, here is Team Clarkās advice on shopping for cheaper premiums and the best and worst companies.
š Stat of the Day
š¬ $30.20: The new hourly pay for āmost ofā Costcoās hourly employees according to a memo the company sent to them this week. And thatās just the start ā pay is slated to go up to $31.20 and then $32.20 per hour in the subsequent two years. Costco made the changes with the looming threat of a nationwide union strike.
š°ļø Deal Alert: Todayās Top Deals
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šļø Podcast
Credit is so important in our financial lives. But do you really need to strive for the perfect 850 credit score? Clark shares the magic score you really need to get the best loan rates. (Hint: Itās below 800!) Also, travel is amazing ā when everything goes smoothly. Clark travels numerous times a year. From flight cancellations to overbooked hotels to oversold car rentals, Clark shares his secrets to avoid disaster.
āļø Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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