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Insurance Guides

Life, health and renters insurance explained — what you actually need, what it costs, and how to avoid overpaying.

Insurance9 min read

How Much Does Health Insurance Cost Without a Job in 2026?

Lost your job or going freelance? Here's what health insurance costs without employer coverage in 2026 — including marketplace plans, COBRA, Medicaid, and short-term options.

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Insurance8 min read

What Type of Life Insurance Do I Actually Need?

Term life vs. whole life: which type of life insurance do you need, how much coverage to buy, and when you don't need life insurance at all. A no-BS guide for every life stage.

Editor Team of My Dollar ToolsRead More
Insurance7 min read

Is Renters Insurance Worth It? (What It Covers vs What It Doesn't)

Renters insurance costs just $15-30/month but could save you thousands. Here's exactly what it covers, what it doesn't, and why nearly every renter should have it.

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Insurance: quick answers

How Much Does Health Insurance Cost Without a Job in 2026?

Health insurance without a job costs anywhere from $0 to $1,500+ per month. Medicaid can be free if your income is low, ACA marketplace plans often cost $0–$400 with subsidies, and COBRA (keeping your old employer plan) commonly costs $600–$900+ per month for an individual.

What Type of Life Insurance Do I Actually Need?

Most people need term life insurance, not whole life. A healthy 35-year-old can get $500,000 of 20- or 30-year term coverage for about $25–$45 a month, versus $350–$500 for whole life. You need it if anyone depends on your income; if not, you probably don't.

Is Renters Insurance Worth It? (What It Covers vs What It Doesn't)

Yes, renters insurance is worth it for nearly every renter. For about $15–$30 a month it covers your belongings against theft, fire and water damage, pays for temporary housing if your home becomes unlivable, and provides liability coverage if someone is hurt in your home.