How do you describe a car accident for insurance?

An insurance binder for a car is temporary proof of insurance that can satisfy car loan requirements until your official policy is issued.

The average American household can no longer afford an average used car, according to common financial advice. That’s a single average used car—never mind two—in a country where a car is a necessity for nearly every working adult.

The costs of insuring and repairing your car rose faster than any food item at your local grocery store in 2023. In fact, those expenses have risen more than any food item over the past three years.