If that’s true, then why is my insurance company charging me the same for my 20 year old truck that they charge me for my car?
They raise rates because they can.
“If that’s true, then why is my insurance company charging me the same for my 20 year old truck that they charge me for my car?”
Actually, it might be the case that your truck could cause MORE damage to that 2023 $80k car you might hit.
Because you only have liability insurance.
I’ve been told by agents from two different insurance companies that the rate increases are due to illegal aliens. They are driving without insurance and causing a disproportionate number of accidents.
Insured drivers are paying for the loses regardless of their vehicle or driving history.
Get a different company. My 2009 Frontier is very cheap, my 2016 F150, more expensive, as is our 2019 Honda.