REFINANCE

Friday, May 27, 2016

Study: Drivers in Safest Cities Save More Than $500 a Year

It pays to own a car in a safe city — around $550 a year, according to a new study.

NerdWallet analyzed nearly 200 of the most populous cities in the U.S. and ranked them by the dangers posed to drivers, including accident risks and the chances that their car would be stolen or broken into. We then compared average auto insurance rates for cities in the top and bottom 20 of the rankings. Rates were from the largest insurers in each state.

The 20 safest cities in the study had an average annual insurance premium of $1,169, compared with an average of $1,721 in the 20 most dangerous. The biggest difference was in comparing the safest city with the most dangerous. Residents of Cary, North Carolina, which was at the top of the safest cities list, can find auto insurance for an average of $729 per year. But in Detroit, the most dangerous city for drivers, the average annual premium was 642% more: $5,409.

In Cary, a city just outside of Raleigh that is part of a region known as the Research Triangle, drivers face accident risks that are lower than the national average. Residents there also have relatively low risks of experiencing auto-related crime and can take comfort in a fatal accident rate of just 1.3 per 100,000 residents, the lowest of all the cities analyzed.

Cary was followed by Boise, Idaho; Fort Collins, Colorado; Naperville, Illinois; and Santa Clarita, California, to round out the five safest cities for drivers.

What makes a city safe for drivers?

Many things go into keeping drivers safe, including education, engineering and enforcement, says Cary Police Capt. Steve Wilkins, who led traffic safety initiatives in the city for several years. Rich Romer, manager of state relations for AAA, adds laws and funding of infrastructure to that list.

Romer says cities that have implemented comprehensive safety initiatives that capture all of these components, such as a project called Vision Zero in New York City, are seeing some early positive results. Having programs like this in place can lessen the risks even when there are dangerous drivers on the road.

While most big cities were at the bottom of the rankings, New York City was rated the 34th safest out of 200.

Elizabeth Renter is a staff writer at NerdWallet, a personal finance website. Email: elizabeth@nerdwallet.com. Twitter: @ElizabethRenter.

 

Virgin Mobile Cell Phone Plans

Virgin Mobile offers a strong slate of features at one of the best values among prepaid carriers. If you’re willing to buy a new phone, and you double-check that Virgin’s sometimes lackluster coverage and data speeds work for you, the carrier can be a good choice.


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AT A Glance

  • Plans start at $20 a month.
  • Strengths: Good features at great value.
  • Weaknesses: Operates on Sprint’s sometimes lackluster network; can't bring your own phone.
Get started at Virgin Mobile's site
Get started at Virgin Mobile's site

Virgin Mobile cell phone plans

Virgin Mobile offers its bread-and-butter Unlimited plans and a non-smartphone option with the payLo plans.

  • Unlimited (500 megabytes): $30.
  • Unlimited (4 gigabytes): $40.
  • Unlimited (6GB): $50.
  • payLo ($1.50/MB): $20.
  • payLo (30MB): $30.
  • payLo (50MB): $40.

The Unlimited plans offer three tiers of high-speed data (500MB, 4GB and 6GB), all with unlimited talk and text. After using up your data allotment, Virgin drops you down to 2G speeds for the rest of the service period. You can also stream unlimited music from Pandora, iHeartRadio, Slacker Radio, 8tracks and Milk Music without digging into your data.

» MORE: How much data do you really need?

If you’re not on the smartphone bandwagon, Virgin’s payLo plans offer minutes and calls with a little data for basic web access on your non-smartphone. You get 400 minutes for $20 a month, on top of which you pay 15 cents per text message and $1.50 per megabyte of data. For $30 a month, you get 1,500 minutes and texts, plus 30MB of data. Pay $40 a month, and you’ll get unlimited talk and text, plus 50MB of data.

Virgin Mobile’s network

Virgin is wholly owned by Sprint and operates on its network. Both the latest RootMetrics report and PCMag’s Fastest Mobile Networks 2015 found Sprint’s network to be improving — especially in urban areas — though it’s still behind both Verizon and AT&T in speed and coverage. Of course, what matters is whether you get service, not how well a network performs overall. Talking to friends and family who use Sprint in your area is usually the easiest way to discover whether it’ll work for you.

Sprint is pretty strict about what kinds of devices are allowed on its network, and Virgin cheekily follows suit, stating in its FAQ: “At this time, you cannot use a mobile phone from another wireless carrier, or any unlocked device. But it’s the perfect excuse to get a new phone.” That upfront cost is something to keep in mind when weighing your options.

Where to buy Virgin Mobile

Virgin Mobile phones are available from Best Buy, RadioShack, Target, Wal-Mart and many independent mobile phone stores. They’re also available online.

Current Virgin Mobile deals

As of May 2016, Virgin is offering discounts on about a dozen smartphones, including the iPhone 5S and the Galaxy S5.

How Virgin Mobile compares on price

Virgin Mobile is about as inexpensive as it gets, especially considering what you get for your money. It has the lowest dollar-per-gigabyte cost in two data categories out of all the service providers we looked at for our comparison of prepaid cell phone plans.

How Virgin Mobile compares on features

Virgin’s Unlimited plans include unlimited music streaming from the likes of Pandora and iHeartRadio, along with a few others. For an extra monthly fee, it also offers mobile hotspot and unlimited worldwide texting, among other international options.

Screen Shot 2016-05-27 at 1.58.26 PM

Click the image for a more in-depth prepaid comparison.

Autopay discount: Not offered.

Family plans: Virgin seems to be in the process of phasing out its family plans, which were previously under the Data Done Right umbrella.

Unlimited 2G: Allowed after going over your monthly high-speed data allotment.

Unlimited music streaming: The Unlimited plans include unlimited music streaming from Pandora, iHeartRadio, Slacker Radio, 8tracks and Milk Music.

International calls and texts: For an extra $5 a month, you get unlimited calls to mobile phones and landlines in Canada, unlimited calls to landlines in Mexico and unlimited worldwide SMS texting. (Countries you can text to are listed here. Some allow multimedia texting as well.)

For an extra $10 a month, you get all that plus 1,000 minutes to call mobile phones in Mexico, unlimited calling to more than 70 countries and discounts on Virgin’s usual international rates in more than 200 countries.

Mobile hot spot: Available a la carte at $5 for 1GB of data per month or $10 for 2GB of data per month. Alternatively, you can pay $3 for 500MB of data, good for one day only.

Is Virgin Mobile right for you?

If cost is your overriding factor, prepaid mobile doesn’t get much cheaper than Virgin. Plus you get all sorts of neat features. You’ll have to buy a new phone, though, and possibly deal with spotty coverage and slower data speeds. But if Sprint has a strong network presence in your area, Virgin is worth strongly considering.

Get started at Virgin Mobile's site

Stephen Layton is a staff writer at NerdWallet, a personal finance website. Email: slayton@nerdwallet.com.

This article was updated May 28, 2016. It was originally published May 3, 2016.

Misfit Ray vs. Fitbit Alta

Earlier this year, Misfit debuted what it touts as its most minimal and versatile activity tracker ever — the Ray. Fitbit, too, upgraded its lineup with a new device called the Alta, a fitness wristband that’s as much a fashion statement as an activity tracker.

It’s clear that both brands are venturing in the direction of aesthetically appealing wearables, but is one of these trackers the right motivating accessory for you?

We put the Misfit head to head with the Fitbit to help you decide.

What we found: The Misfit Ray reimagines the way people wear their tracker. In addition to the standard band setup, you can wear the Ray like a necklace.

What you’ll learn: The Ray is approximately $30 more affordable than the Alta, but you’ll have to replace its battery every six months.

 Misfit RayFitbit Alta
Price$99.99 from Misfit$129.95 from Fitbit
ColorCarbon black, rose goldBlack, plum, blue, teal
All-day activity trackingYesYes
Sleep monitoringYesYes
Smart notificationsYesYes
Heart rate monitoringNoNo
Music controlYesNo
Battery lifeUp to 6 months before needing replacementUp to 5 days before needing to be recharged
Water-resistantYesYes
Buy on Amazon
Buy Misfit
Buy Fitbit

Design

These two sleek devices prove that activity tracking has come a long way from the days of bulky watches that weigh down your wrist.

The Misfit Ray is a cylindrical, anodized, aircraft-grade aluminum tracker that’s sold in rose gold or carbon black. The device is 1.5 inches long and has a diameter of 0.47 inch. You can thread it on its included band to wear it as a traditional wrist tracker or hang it from a chain or cord and wear it as a necklace.

The Ray features a multicolor LED display that lights up to show your progress toward your activity goals and alert you to notifications such as incoming calls, texts and wake-up alarms. Vibrations accompany the lighted reminders.

The Fitbit Alta looks more like the activity tracking bands that consumers are familiar with, but with a slim and stylish twist. The Fitbit Alta tracker snaps into a band that’s just 0.61 inch wide and comes in bright colors like plum, blue and teal.

The tracker has an OLED display that you can tap to view stats, time of day and smartphone notifications. You can configure stats vertically or horizontally and choose from various clock faces.

» MORE: Fitbit comparison guide

Functionality

Let’s take a look at the features these two devices have in common. Both the Misfit Ray and the Fitbit Alta can:

  • Track activity. Each provides round-the-clock monitoring of things such as steps taken, calories burned and distance traveled. Neither tracker monitors heart rate.
  • Monitor sleep. They can show you how long and how well you sleep with sleep duration and quality monitoring.
  • Send smart notifications. When synced with a compatible smartphone, these wearables notify users of incoming calls and texts.
  • Repel water. Don’t worry about a splash or two with these trackers. The Misfit Ray is water-resistant to 50 meters, which means you can wear it while swimming. The Fitbit Alta is sweat-, rain- and splash-proof.
  • Remind you to move. These devices will give you a nudge after you’ve been inactive for too long.

We identified several areas where these wearables make their mark and stand apart.

With the help of the Misfit Link app, you can use the Misfit Ray like a controller to perform tasks on your smartphone such as taking selfies, playing music and adjusting lights. The Alta lacks this feature.

One of the most notable differences between these two products, at least on a day-to-day basis, is their battery life. The Ray is powered by replaceable cell batteries, so you don’t need to recharge it between uses. The batteries will generally last six months before you need to replace them.

The Alta contains a rechargeable lithium-polymer battery. It has a life of up to five days, but Fitbit recommends charging it every few days to ensure you don’t lose any tracking time. Recharging takes one to two hours.

Another notable difference is that you can wear the Ray in the pool. That’s a feature many activity trackers don’t offer, leaving lap swimmers and water exercisers high and dry.

Price

The Misfit Ray retails for $99.99, while the Fitbit Alta costs $129.95.

The $99.99 Misfit set includes the Ray tracker and a sport band. If you prefer a leather band, you can buy a different set for $119.99. Misfit promises more accessories coming soon.

Switching bands is also an option for the Alta. Replacement classic bands cost $29.95, leather bands run $59.95, and a metal bracelet costs $99.95.

If you’re looking for a deal on the Ray or Alta, we recommend shopping at Amazon, where discounts on activity trackers and fitness wearables happen regularly.

Even if you can take advantage of a sale, there could be more ways to maximize your savings. For instance, buying your activity tracker with a rewards credit card can earn you cash back.

Which one fits?

So are you more of a Fitbit fan or a member of the Misfit following?

If you haven’t already pledged loyalty to one of these brands, we recommend trying the Misfit Ray. It’s more affordable, doesn’t require recharging after use, and appeals to the most social of users with the ability to use it with your smartphone to take selfies and control music.

If you’re more of a data person, though, you’ll likely enjoy the Fitbit Alta for its OLED tap display that shows stats. The Alta is more expensive, but it’s in it for the long haul, thanks to its rechargeable battery and Fitbit’s hefty line of interchangeable accessories that you can buy separately.

Courtney Jespersen is a staff writer at NerdWallet, a personal finance website. Email: courtney@nerdwallet.com. Twitter: @courtneynerd.