You never know when a financial emergency may strike. A car accident may require a trip to the mechanic, a storm can damage your home or you may need services from your local doctor. These three ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Life insurance ...

According to Forbes, the national average cost of full-coverage car insurance is $2,150 a year, with rates ranging from $1,412 to $3,233. This means an $118 to $269 monthly payment in many cases. If ...