Automotive

Demystifying Insurance to Ensure Proper Coverage

Published

1 year ago

June 30, 2023

Daily News Staff

(Family Features) Home and auto insurance are among the things many people buy but hope to never use. Proper coverage provides peace of mind that an accident, weather event, natural disaster or unexpected injury or illness won’t cause financial ruin. However, many Americans are uninsured, underinsured or paying too much for coverage.

Data from the Insurance Research Council cited by the National Association of Insurance Commissioners shows 12.6% of U.S. motorists are uninsured – approximately 1 in 8 cars on the road. For uninsured drivers, plus those involved in accidents with them, fender benders or worse can result in out-of-pocket costs.

Homeowners need to be properly insured, as well. According to the National Centers for Environmental Information, the U.S. has experienced more than 350 weather events or natural disasters since 1980 that have caused more than $1 billion in damage. Even small thunderstorms can send tree branches into homes, causing thousands of dollars in damage. For home and auto insurance, consumers should be sure their policies cover replacement and repair costs at today’s market rates in addition to liability coverage for personal injury and other damages.

Insurance helps bridge these gaps, but it’s common for people to renew policies without checking them. Because insurance policies are often seen as complex and confusing, that may prevent people from purchasing proper coverage.

A 2022 survey from realtor.com found only 56% of homeowners knew what to look for in their homeowners insurance policy when they bought their homes, and 15% didn’t have any idea what to check. In addition, Forbes Advisor reported 40% of drivers believe they had coverage that doesn’t even exist.

Consider these challenges consumers face when shopping for and comparing insurance policies and providers:

Industry Jargon and Lingo – When you visit a website or talk to an insurance agent, you may feel like you’re speaking a different language with terms like “deductible,” “premium,” “co-pay,” “additional insured,” “aggregate limit” and “co-insurance.”
Bait and Switch – Insurance carriers sometimes advertise low rates, but your rate may be higher than expected when you apply, often with no explanation.
Fine Print – “Sorry, that’s not covered.” These can be chilling words to hear when you’re hoping your insurance policy comes through for you in a time of need. An explanation may be deep within the policy, but you may need a magnifying glass to find it.
Transparency – Many decisions that affect rates and coverage may seem to be done behind a curtain, such as rates in comparison to neighbors, remodeling impacts on rates, rate changes based on age and more.
Apples to Oranges – With many moving parts within the average policy, it can be difficult to compare rates and coverage.

Improved technology is helping solve some of these issues and deliver an improved experience. A decade ago, the only way to compare insurance rates was to make phone calls, meet with agents and read brochures. Even with the internet, you still need to visit multiple websites and take notes, often entering the same personal information time and time again.

Today, insurance marketplaces, like the flagship platform from Guaranteed Rate Insurance, make it easy to compare multiple carriers, all at once, with a single application. Customers enter basic information to receive quotes for home and auto insurance coverage from more than 50 top-rated carriers, allowing for a quick, side-by-side comparison of coverage options.

“The primary benefit insurance delivers is peace of mind,” said Jeff Wingate, executive vice president and head of insurance for Guaranteed Rate. “If the relationship between an insurance provider and customer begins with stress, confusion and frustration, the provider isn’t delivering the desired service. That’s why we made it easy for consumers to make informed decisions about rates and coverage from trusted and reliable providers.”

Life insurance, umbrella, jewelry, flood, pet, landlord and earthquake policies are among the other coverage options available for comparison. Coverage benefits are easy to read with clearly explained terminology and experienced agents standing by to answer questions or assist with purchasing a policy.

To find more information and explore the insurance marketplace, visit rate.com/insurance.

Photos courtesy of Getty Images

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SOURCE:
Guaranteed Rate

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Consumer Corner

Honda Revives the Iconic Prelude: A Thrilling Return to the Sport Coupe Scene

Published

4 days ago

December 17, 2024

Mark Bennett

Exciting news for car enthusiasts! Honda Motors has officially announced the return of a beloved nameplate: the Prelude. Making its comeback in the U.S. market in late 2024, the sixth-generation Prelude is set to advance the joy of driving into the electrified future with Honda’s award-winning two-motor hybrid powertrain.

The Honda Prelude

Originally introduced in November 1978, the Prelude quickly became a favorite among driving enthusiasts, known for its sporty looks and dynamic performance. Honda is set to honor this legacy by integrating innovative features into the new model, including the revolutionary Honda S+ Shift. This sophisticated drive mode enhances Linear Shift Control to ensure an engaging and responsive driving experience—perfect for both longtime fans and new drivers.

Jessika Laudermilk, Assistant Vice President of Honda Auto Sales, stated, “The return of the Honda Prelude as a hybrid-electric sports model demonstrates our continued commitment to offer a variety of exhilarating products to meet the needs of our customers.” With the Prelude joining the ranks of the iconic Civic and Accord, Honda is reuniting its classic lineup, all backed by hybrid technology.

This news arrives at a momentous time, as Honda celebrates 25 years of hybrid sales in America, proudly introducing the nation’s first hybrid-electric model, the Honda Insight, in 1999. Today, Honda is pushing further on its electrification strategy, striving for all battery-electric and fuel cell electric vehicles to make up 100% of their sales by 2040. Hybrids are a crucial part of this journey, and Honda has already achieved impressive milestones, with electrified vehicles accounting for over a quarter of their total sales in 2024.

The Prelude will make its North American debut following its global unveiling at the 2023 Japan Mobility Show, where it captured the hearts of many. Honda’s commitment to innovation is clear in the Prelude’s design and features, from introducing groundbreaking technologies like four-wheel steering and torque vectoring systems in its earlier iterations to the hybrid-electric capabilities of this new generation.

As Honda continues to pave the way for its electrified future with products like the Honda Prologue electric SUV and the forthcoming Honda 0 Series models, the return of the Prelude signifies not just a nostalgic revival but also a new era of exhilarating driving experiences.

Fair warning to enthusiasts: excitement is building as the Prelude prepares to hit the roads again, promising a blend of classic sports coupe design and the cutting-edge technology that defines Honda’s future. Keep your eyes peeled for more updates and prepare to embrace the joy of driving like never before!

Stay tuned for more updates and feel free to share your thoughts on the return of the Prelude below!

For more information on Honda next-generation technologies, click here.

About Honda
Honda offers a full line of clean, safe, fun and connected vehicles sold through more than 1,000 independent U.S. Honda dealers. The award-winning Honda lineup includes the Civic and Accord, along with the HR-V, CR-V, Passport, Prologue and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan. The Honda electrified vehicle lineup, representing more than a quarter of total sales in 2024, includes the all-electric Prologue SUV, hybrid-electric Accord, CR-V, and Civic, and Fuel-Cell-electric CR-V e:FCEV, with a hybrid Prelude set to join the lineup in late 2025.

Honda has been producing automobiles in America for over 40 years and currently operates 18 major manufacturing facilities in North America. In 2023, more than 99% of all Honda vehicles sold in the U.S. were made in North America, with about two-thirds made in America, using domestic and globally sourced parts.

More information about Honda is available in the Digital FactBook.

Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!

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Consumer Corner

Kia EV9 Crowned “2024-2025 Electric SUV of Texas” at TAWA Truck Rodeo

Published

6 days ago

December 15, 2024

Hal Machina

Kia EV9

Irvine, California – December 6, 2024 – Kia’s all-electric, three-row flagship SUV, the EV9, has made a significant mark in the automotive world, earning the esteemed title of “2024-2025 Electric SUV of Texas” at the recent Texas Auto Writers Association (TAWA) “Truck Rodeo.” This prestigious award highlights Kia’s ongoing commitment to innovation and excellence in the electric vehicle segment, proving once again that in Texas, bigger often means better.

The annual Truck Rodeo is a highly anticipated event in the automotive calendar, attracting over 40 TAWA journalist members who meticulously evaluate the top contenders among trucks, EVs, SUVs, and CUVs. This year’s competition featured an impressive lineup of 28 vehicles, all put through their paces across more than 260 rigorous driver and vehicle excursions. Journalists assessed each vehicle’s performance, comfort, technology, and overall driving experience, ensuring that the results accurately reflect the best-performing vehicles on the market.

“Kia has a long history with TAWA, and we’re thrilled that the EV9 has been named ‘2024-2025 Electric SUV of Texas’ by this distinguished group of journalists,” remarked Steven Center, COO and EVP of Kia America. “This award is further evidence that Kia builds vehicles held in high regard by the press and desired by consumers. Texans love their SUVs, and the EV9 resonates with TAWA members for its design, interior space, range, technology, and dynamic driving performance. Winning this award adds to the EV9’s long list of accolades and demonstrates its success as the first mainstream three-row fully electric SUV.”

The Kia EV9 SUV

During the event, TAWA members drove the EV9 on both predetermined off-road and street courses, simulating real-world driving experiences to evaluate how well the vehicle meets the needs of consumers. The journalists praised the EV9 for its spacious interior, advanced technology features, impressive range, and overall driveability. The acknowledgment from such a respected group underscores Kia’s growing influence in the electric vehicle arena and reinforces the EV9’s position as a leader in the evolving SUV market.

As the automotive industry continues to shift towards electrification, Kia’s EV9 stands out not just for its innovative design and functionality but also for its ability to cater to the diverse needs of modern drivers. With the recognition from TAWA, the Kia EV9 is poised to capture more hearts and minds in Texas and beyond, solidifying its place in the future of electric SUVs.

More information on the 2024 TAWA Truck Rodeo, including the full list of participating vehicles, can be found at www.texasautowriters.org.

Kia America – about us

Headquartered in Irvine, California, Kia America continues to top automotive quality surveys. Kia is recognized as one of the TIME World’s Most Sustainable Companies of 2024. Kia serves as the “Official Automotive Partner” of the NBA and WNBA and offers a range of gasoline, hybrid, plug-in hybrid and electric vehicles sold through a network of over 775 dealers in the U.S., including several cars and SUVs proudly assembled in America*.

Source: Kia America

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Consumer Corner

Nissan Strikes Gold: Four Best-in-Class Recognitions in Money.com’s Best Cars and Trucks 2025

Published

1 week ago

December 14, 2024

Hal Machina

Nashville, Tenn. – Exciting news from the automotive world! Nissan has made a significant splash in Money.com’s Best Cars and Trucks 2025, earning four prestigious best-in-class accolades for its standout models. This recognition highlights the brand’s relentless dedication to delivering excellent value, performance, and innovation across various vehicle categories.

Money.com rigorously assessed over 200 cars to determine the best options in the market. Nissan emerged victorious with the following honors:

Best Small SUVs: Nissan Kicks
Best Midsize Cars: Nissan Altima
Best Affordable Sports Cars: Nissan Z NISMO
Best Affordable Electric Cars: Nissan Ariya

“This recognition highlights the strength and versatility of Nissan’s lineup,” said Vinay Shahani, senior vice president of U.S. marketing and sales, at Nissan Americas. “From the excitement of Z NISMO to the stylish value-led Kicks, these awards reflect our commitment to vehicles that meet—and exceed—the diverse needs of our customers.”

Unpacking the Winners

Let’s delve deeper into what makes these award-winning models shine in their respective categories.

1. Nissan Kicks: Best Small SUV

The Kicks stands out with its bold design and versatile technology, perfectly tailored for city living while being ready for weekend adventures. With an airy cabin, ample storage, and class-leading safety features, it’s the ideal companion for urban explorers seeking style and practicality in one efficient package.

2. Nissan Altima: Best Midsize Car

Striking the perfect balance between performance and comfort, the Altima is an exceptional midsize car that offers cutting-edge safety features and a spacious, refined interior. With advanced technology and a smooth driving experience, the Altima excels in meeting the needs of families and commuters alike.

3. Nissan Z NISMO: Best Affordable Sports Car

For those with a passion for performance, the Z NISMO is a testament to Nissan’s rich sports car heritage. With a turbocharged 3.0-liter V6 engine and numerous track-focused enhancements, this sports car delivers thrilling speed and exhilarating handling, making it a fantastic option for driving enthusiasts who crave excitement without breaking the bank.

4. Nissan Ariya: Best Affordable Electric Car

In the era of electrification, the Ariya stands as Nissan’s flagship all-electric crossover, showcasing visionary design and cutting-edge technology. With an impressive range and available advanced driver assistance features, the Ariya blends sustainability with comfort and convenience, making it a compelling choice for eco-conscious drivers.

A Commitment to Excellence

Each of these award-winning models exemplifies Nissan’s commitment to providing vehicles that offer exceptional value for money, low cost of ownership, advanced safety features, outstanding performance, and a host of innovative features. The recognition from Money.com affirms Nissan’s continuous efforts to meet the diverse needs of its customers, ensuring that every journey is a delightful experience.

In a market brimming with choices, Nissan continues to stand out with a lineup that captures the essence of modern driving. Whether you’re navigating bustling city streets or hitting the open road, Nissan’s award-winning vehicles promise to deliver on performance, safety, and style—all while keeping affordability at the forefront.

Conclusion

As we celebrate these four fantastic accolades, it’s clear that Nissan is not just competing with various manufacturers; they are leading the charge in the automotive industry. These recognitions from Money.com reinforce Nissan’s position as a brand that caters to a wide array of driving needs while keeping innovation and value at the heart of its mission.

So, whether you’re an adventure seeker, a daily commuter, a sports car enthusiast, or an eco-conscious driver, there’s a Nissan waiting to elevate your driving experience. Here’s to more miles filled with joy, and congratulations to Nissan for this remarkable achievement!

To read Money.com’s full announcement and methodology, visit Money.com’s Best Cars and Trucks 2025.

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