Insurance rates
Muddy
USA
I noticed my car insurance has crept up.
I see a lot of insurance companies checking out of Florida, it's too expensive, hurricanes and that roof scam stuff. Can't do it.
A lot insurance companies pulling out of California, the state sets the rates (bad idea) and these insurance companies are saying fuck all that bullshit. Especially with all these wildfires, these companies are no way writing homeowners insurance if your in wildfire territory anymore they know what the deal is.
A lot of people may not understand that when these crazy ass protesters destroy a city, we all got to pay for that. Especially the people in that area. I can only imagine what auto, home insurance rates, are in zip codes where all this wild stuff is going on places like SF, Portland. Or how about commercial property insurance in these places, what does THAT BILL look like.
How has the insurance situation been in your neck of the woods?
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28 comments
Nothing had changed to make the increase.
There's a December Forbes article that indicated the increase from June 2022 to 2023 was 18%.
What left a bad taste in our mouths was the assessed value was ~$20,400.00, a figure that was fair. However, the offending driver only carried $20,000, the legal minimum in Virginia. GEICO also deducted the rental car from our settlement, leaving us about $900 short. Luckily, we have sufficient resources to absorb this, but it really sucks that insurance companies can still write policies with limits that low when there are a lot of cars that will exceed those values if totalled.
70% of Americans are shopping for cheaper insurance.
https://www.fox13seattle.com/money/nearl…
There are several reasons for this: consumers continue the secular trend towards larger cars, and auto manufacturers are making heavier and heavier vehicles. In many cities (e.g. Boston, NYC, SF, but also smaller places like Burlington VT) the police have quiet quit and aren't enforcing any traffic laws nor are they bothering to investigate many thefts. Huge increases in distracted driving, and also, at least in Mass, people can't stay in their fucking lane.
Not the part about leaving his keys in an unlocked Jag SUV. That is just normal hairless ape stupidity. I’m talkin’ ‘bout the Jag SUV. WTF?
Jaguars used to be cool. Some of my best friends are jaguars and they’re good cats. I’m down with hairless apes makin’ a car named after said cats. But a frickin’ SUV? Really?
SUVs are the antithesis of cool. And a Jag SUV is worse! That’s like starting to drink a big ol’ glass of cool and then deciding to mix in some loser juice. A Jag SUV is the kind of vehicle that Skifredo would buy, if wasn’t a broke ass loser that can barely afford a frickin’ Yugo. ROAR!!!
“Auto insurance premiums jumped 20% annually in December…marking the largest increase since the mid-1970s.
Pair skyrocketing insurance premiums with those high monthly payments I mentioned before…and all the other elements of car ownership that have soared recently? It doesn’t look good for affordability.”
It really doesn't matter what they are covering, autos, or homes, or businesses, fraudelent claims are paid off at a rate of 4 to 1 over legitimate claims.
I'll give you an example, a few years back I had an employee make a claim against our workers compensation insurance, this person used a phony back injury to receive weekly paychecks w/o working, we knew this claim was bogus and pointed it out to our carrier, took photos of this person doing things that he claimed he was unable to do, and the carrier never investigated it at all, despite the actual evidence we presented, yet that same carrier, when presented with a genuine medical claim denied payment, and caused such lengthy delays that, the employee who was genuinely injured, needed to borrow money from a predatory loan service just to keep a roof over his family's head.
This was just one example, I've heard many others from fraudulent damage to private homes being paid and legitimate damages needing to hire an adjuster to get paid what they were entitled to, to auto claims being all over the place, a few years back a detective with the NYC police department uncovered a huge fraudulent stolen car scheme, with people all over NYC paying a fee to have cars disposed of, then putting in claims for stolen cars, if I remember correctly the amount paid out was over 12 million dollars, and even though being exposed nobone was ever charged with a crime.
The list goes on and on, and until our government which is charged with regulating this huge industry forces some changes, they will continue to steal from the ratepayers with impunity.
You should shop for new insurance every year wherever you can (home and auto for most of us).
Jackslash ape, yeah, this rick is really sort of sorry that he told you it would be fun to duct tape a fifth of Jack to your hand and go for a road trip. I mean really…it was kind of funny when you got handcuffed and the cop got Jack all down the front of his pants…so he looked like he pissed himself with Jack. But it kinda went downhill from there. Mea culpa. ROAR!!!
In Colorado we have had some really NASTY forest fires the past 14 years that have taken out 1,000s of homes plus big hail storms.
Factor in all this stuff, and rates will go up. And sure, greed factors in. My insurance on my 2022 Outback (new=$43K) w/$1,000 Deductible in Dec '23 was $925 for 6 months, no tickets/no claims for over +10 years. My homeowner's has been about the same for 5 years.