Many people overpay for auto insurance. They can go years - even decades - without getting multiple quotes. Insurance is highly regulated. Its quality largely depends on the coverage and financial strength of the insurer. The agent down the street may cost a lot! Trust everyone but cut the deck.

Disability insurance is critical early in careers. After all, that's when we have the most future earnings to lose!

It's usually based on a percentage of income:

• 60% is somewhat standard, though

• it can range from 40 to 70%.

There's often a cap, which may cause higher earners to receive less than half their regular income.

There's short-term and long-term disability insurance:

• Short-term: first 3-6 months, typically own occupation coverage

• Long-term: after 3-6 months, often any occupation