Tag: upgrades

My car insurance just went up 32%. Did I have an accident or get a few tickets? Nope. Across the U.S., the average full-coverage car insurance bill went up 25% last year. In some states, it was closer to 40%. Geez.

The main reason? Today’s high-tech vehicles cost way more to repair. You don’t need to own a high-tech car to feel the pinch, though; it’s hitting everyone.

Driving up costs

Modern cars are packed with dozens of sensors and endless lines of computer code. Combine that with the rising cost of replacement parts and repairs, and voila — soaring auto insurance rates.

No wonder the average collision insurance claim jumped 64% between 2018 and 2022. In 2023, auto insurance rates climbed 20%, the biggest increase since 1976.

The rate increases are slowing a bit, but there’s no telling how tariffs could impact that. About 60% of car parts used in repairs are imported from China.

Let’s look under the hood

In 2018, Toyota redesigned its uber-popular Camry. The number of parts in the front bumper alone increased from 18 to 43. Most are related to advanced driver-assist features.

The upgrades also mean a front-end collision repair is 43% more expensive. It’s not just driver-assist jacking up costs.

• Many new cars have LED headlights, which cost around five times more than halogen lights to replace.
• New cars contain more aluminum. Compared to steel, aluminum is lighter, provides better gas mileage and offers more protection in a crash, but it’s harder to fix and more expensive.
• EVs take 20 days on average to repair. That’s 40% longer than traditional vehicles and $500 more expensive for labor.

Smart ways to save

I make it my business to find the best ways to save. Then, I pass them along to you. Let’s do this.

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Let’s say you’re browsing the web with a VPN. You’re protecting privacy, so you’re confident hackers and advertisers can’t track you. Then you try to go to a site, and it just won’t load.

This can throw a wrench into productivity when working. Or it can ruin your mood when trying to have fun online.

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When most people find themselves unemployed or are looking for a career change, they head to a job board. But have you heard of LinkedIn? It’s a social media platform with a twist.

LinkedIn also offers excellent options for those looking to hire employees who don’t want to wait for a sea of faceless applications to pour in. It provides prospective employees unique ways to stand out and gives companies a fresh way to look for new talent. Tap or click for smart things you should be doing with your LinkedIn profile.

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Are your finances as organized as you’d like them to be? Come on, be honest. For most business owners, the answer is a reluctant no.

As your company grows, you will have more expenses, contractors, KPIs and hands managing it all. If your communication happens through email, over the phone, in messages, and via spreadsheets, you will hit a wall sooner or later.

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The new year is right around the corner, which means it’s time for New Year’s resolutions, paperwork filing and holiday vacations. For busy business owners, there’s a lot to keep track of. Make sure you don’t forget anything important with this small business checklist.

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Modern burglars are less like the bumbling bozos in “Home Alone” and more like the highly organized team in “Ocean’s Eleven.” In 2018, a high-tech group of criminals stole around $10 million from 50 Long Island businesses by hacking into wireless networks and disabling alarm systems. The victims learned that there are always more ways to upgrade your existing home security system even though they set up alarms.

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