I think the trend or hype of owning cool cars is less of a thing than it was for earlier generations. Many young people today have other priorities, like traveling or paying off debt.
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Nick VinZant
Nick VinZant is a Senior Research Analyst and Insurance Expert at QuoteWizard. A former journalist, Nick spent over a decade covering the insurance, business, technology, and transportation industries. His work has been featured on CNN, PBS, NBC News, Buzzfeed, The Washington Post, Entertainment Tonight, Inside Edition, and The Late Show with Stephen Colbert. Nick is also the co-host of a podcast series and prides himself on being both outdoorsy and indoorsy at the same time. He is a graduate of Kansas State University and lives in Seattle, Washington with his wife and two sons.
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In the News
Often shoppers make the mistake of insuring [a house just] enough to cover the mortgage, but that usually equates to 90% of your home's value. It's always a good idea to get coverage for more than your home is worth.
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According to a spokesperson, the data collected by QuoteWizard is proprietary and from a self-reported insurance form that is free to be used as stated in the agreement.
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In some states, homeowners insurance costs rose by as much as 34% over the past year, according to an analysis by QuoteWizard by LendingTree, an online insurance marketplace.
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“Renters are leaving cities for the suburbs,” the report explains. “Since the beginning of the COVID-19 pandemic, the number of open apartments has gone down 10% in suburban areas.”
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