Posted on 03/22/2024 9:37:19 PM PDT by SeekAndFind
If the insurance companies aren’t talking, then they’re hiding something...perhaps they’re required to at least partially subsidize the cost of insuring EVs? We know that the repair costs are several times higher than normal cars (at a minimum) - if those costs were fully passed on to owners, then the plan to end car ownership via a phony transition to EVs wouldn’t work.
They are also hiding that the people driving more dangerously are unlicensed illegals.
Great point on the Illegals. I’m not as sure that Americans simply decided to start driving crazy, although with all of the psych drugs now, perhaps that’s the reason.
Can’t blame this on EVs. Car thefts off the charts. Body shop prices through the roof thanks to Bidenomics.
“Can’t blame this on EVs. Car thefts off the charts. Body shop prices through the roof thanks to Bidenomics.”
Maybe normal cars repairs are increasing somewhat, but EVs are off the charts - ding the battery pack, and it’s totaled (or close enough).
Do recall that there has been a large increase in traffic fatalities since George Floyd’s death, as enforcement has dropped off in many areas.
Among blacks, in the month after George Floyd’s death, there was a 55% increase in traffic accident deaths compared to the prior month.
People tend to repeat their habits over and over. Good drivers will tend to be good drivers all the time and poor drives will be poor drivers all the time. If there is an increase of bad drivers, it would not be due to good drivers suddenly becoming bad but rather an increase of poor drivers into the marketplace.
Bingo, they left out one of the biggest factors. Drivers with car insurrance have to pay higher rates the more uninsured drivers in their areas. The insurance companies know where there is large numbers of the uninsured.
That is why many poorer folks who need insurance end up paying higher premiums than more wealthy people that live in areas with fewer uninsured drivers.
Milk is up.
Bread is up.
Gas is up.
Eggs are up.
Everything is up.
Why is it some kind of surprise
that car insurance is up?
A real “news” story would be about
something that is going down!
Car insurance, new cars, health insurance, grocery bills, utilities, rents, all skyrocketing...yet the Fed says inflation is tamed.
Right...
i.e. it’s your fault.
At least 30 to 40% of people around here only pick up a policy to get their car tagged then drop it until next year. The insurance lobby owns the state insurance board lock stock and barrel. Uninsured motorist coverage only covers meager medial payments so you are getting pretty much exactly nothing for a very high premium just for starters.
Ah the main reason is uninsured drivers as many “poor and lower middle class” do not even carry insurance or if they do it is long enough to get tags and then they drop it...Also so many especially younger types drive around on suspended licenses due to unpaid court fees or the biggie unpaid child support.
When we are on the freeways in California, there are numerous times where we simply cannot drive less than 80. I hate it but we have to drive what the others are driving. And on trips where there is a lot of freeway driving, there are a lot of accelerations using the on ramps. My insurance is due soon, so I guess we’ll be paying more regardless.
It’s either racism or global warming.
Another point is credit rating, bad credit equals bad insurance rating...most times someone with bad credit is a bad driver...and a bad risk so they charge accordingly.
My sewer bill has gone up 40% in four years. My Comcast bill has gone up 70% in six years.
I’ve got USAA. Have noticed things going up about 50 bucks every renewal. Have 3 cars insured with them for $850 every 6 months doesn’t seem too bad...
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