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Be Prepared: Over 125,000 Auto Accidents will Occur this Weekend

Written by Super User · 25 May 2012

May 25, 2012

By Katie Bryan, America Saves communications manager

Take extra care if you are driving over this Memorial Day holiday weekend. AAA announced last week that approximately 34.8 million people will take a trip by automobile of at least 50 miles this weekend.  Based on driving records and claims history, the Consumer Federation of America (CFA) estimates that, during the Holiday travel period, over 125,000 auto accidents will occur, resulting in 75,000 to 100,000 auto insurance claims filed with the nation’s auto insurance companies.

Do you know what to do if you get into an accident? CFA produced the guide, Navigating the Auto Claims’ Maze: Getting the Settlement You Deserve, which contains insiders’ advice on how drivers who get into accidents can file a successful auto insurance claim and collect a fair settlement.

The consumer guide contains a handy “checklist” that consumers can use to keep track of key information and to make sure they are treated fairly.  The guide and checklist provide crucial information that consumers often don’t hear about, including:

Requiring a 54.5 MPG Rule by 2025 Could Save You Money

Written by Super User · 24 May 2012

May 24, 2012

By Katie Bryan, America Saves communications manager

Earlier this week, the Consumer Federation of America released the Top 10 Reasons Consumers Want 54.5 MPG by 2025. And not surprisingly, two of the reasons on that list are that the new rule will save consumers money.

“What’s not to like?” said Mark Cooper, Director of Research for CFA, of the 54.5 miles-per-gallon (mpg) by the year 2025 standard, which is expected to be adopted late this summer. “Better gas mileage means more money in Americans’ pockets. Last year household gasoline expenditures set a record, reaching an average of over $2,850. Consumers can’t stomach these prices and the new standards are the only way they’re going to get some relief.”

Below are the money saving reasons from that list:

  1. The standards lower the total cost of driving from the minute you drive off the lot. For the typical consumer who takes out a five-year auto loan, the monthly gas savings are greater than the increase in the monthly payment needed to buy a more fuel-efficient vehicle. Over the life of a vehicle covered by the new standards, the average buyer will bank a net savings of $3,000.
  2. Consumers value fuel-economy -- it's a worthwhile improvement in quality. It’s expected that the new standards will increase auto prices by about $300 per year over the next 15 years. That is less than the increases the automakers have imposed on the public by voluntary increases in quality over the past 15 years and today.  Better fuel economy is priority #1 for enhancing quality.

Click here to read the entire Top 10 Reasons Consumers Want 54.5MPG by 2025 list.

What do you think about enacting a 54.5 MPG rule by 2025? Let us know on our Facebook page.

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Tip of the Day

  • Written by Administrator2 | January 15, 2014

    Are you looking for an effective way to establish a budget? Beginning on the first day of a new month, get a receipt for everything you purchase. Stack and review receipts at the end of the month, and you will clearly be able to see where your money is going. http://ow.ly/sj972

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