As of 2013, retirees who file individual tax returns must pay taxes if they receive more than $25,000 in total pensions and other income plus one-half of Social Security benefits each year.
He drives a 2008 Honda Accord LX Sedan in good condition with only the standard options and 100,000 miles on the odometer. According to the Kelly Blue Book, Markâs car is worth about $7,500. If Mark only has a few thousand dollars in savings, he should probably buy collision coverage. But if his fund has $30,000, he should answer the three questions listed above. The quote generator reveals that Mark will have to pay about $480-$600 per year for collision coverage.
Pearse says Travelers calculates gap insurance premiums at roughly 5 percent to 6 percent of the premium for collision and comprehensive insurance you have on the car. On a $1,400 annual premium -- with $420 to $560 of that typically for collision and comprehensive -- gap insurance would cost $20 to $30.And the cost goes down along with the cost of collision and comprehensive as the vehicle ages.f your vehicle cost $25,000 new, your insurer would probably pay about $18,000 for a total loss during the first year. That's a $7,000 shortfall.