Which state has cheap insurance? NONE OF THEM. Getting rid of the lines just gives us more expensive insurance policies to choose from....
“Which state has cheap insurance? NONE OF THEM. Getting rid of the lines just gives us more expensive insurance policies to choose from..”
What? Opening up competition will lower the prices. State run agencies know they have a captive audience.
I cannot believe you think that. If New York has the highest insurance premiums, and everyone in New York is suddenly allowed to buy their insurance from 20 other states with lower costs, the NY companies will go out of business or they will reduce their premiums to stay in business.
As that same pattern happens all over the country, premiums will drop drastically for us all.