My liability only insurance for 97 suburban was just $62 for 6 months.
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.
I’ll predict within 5 years....the used-car market for vehicles over 30 years old goes up in a huge way. Even junkers from 1980s...will be triple of their current value.
Airbags alone can total a car.
We have a perfect drivers record and no accidents. For the same three cars three years ago was $1,100. This premium was $2,700—with the same company and with their discounts.
Blame it on distracted drivers causing far more accidents than before.
Yep, got to have pretty new shiny things.
My experience is completely different. My new Subaru, with all the tech, costs several hundred dollars less (per year) to insure, with more coverage, than my 12 year old Hyundai with over 140,000 miles.
Don’t forget personal injury attorneys and their abuse of the system. Loser pays is a fix just crying out to be implemented.
I imagine the normal people who run auto insurance companies aren’t really comfortable writing insurance policies for cars that drive themselves. That makes them twice as dangerous as “assault rifles” that take it upon themselves to shoot up public skrewals.
I’m to the point I’m ready to only drive $10k cars, not have insurance and pay the fine if caught. It’s cheaper and a million illegals are doing that in Florida so why not me?
I’ll bet another huge influence is uninsured motorists. You’re already paying big for that. With all the illegals and ferals, a huge number drive uninsured.
Several years ago, I sent a letter to my former state Senator with a legislative proposal. Eliminate uninsured motorist coverage and put uninsured drivers in jail. First offense-Five years. Jail a half dozen people and the rest will get insurance.
Oh, but I have to drive to work. Too bad. Get insurance.
I called it the “I don’t care about your personal problems auto insurance reform act.”
He wrote back and told me that it had zero chance because the majority of legislators don’t care.
Just lost my windshield to a rock thrown up on the 110 freeway in Los Angeles - fortunately, it didn’t go through the windshield but the entire outer core cracked.
Dealer wanted $3,500 for a replacement, my insurance has a $1,000 deductible.
Called around and managed to find a shop that will replace the windshield for $800.
I’m sure that it has absolutely nothing to do with the literal MILLIONS of illegals that are driving around our country....all without insurance of course.
Try uninsured motorists as the key cause of price hikes. These illegals have the cash to buy new or newish cars and insurance? Yea maybe.
Here’s a kicker: many companies are hiring these julios to drive trucks or service vehicles. And tell their drivers to flee the scene if they are involved in an “incident”. Search the license plate and the company is out of state. If they stop good luck on the driver speaking english.
Cant deny them a drivers license because thats where the motor voter law comes into play. Got to have new voters!!
I don’t believe this. Maybe it’s true but my 2019 car was given discounts up to last year for having additional safety features (collision detect, lane guidance, etc) - these were removed last year because the car was no longer deemed worthy of the safe car discount.
That was last year - this year they just keep raising the cost to insure the car to where I’m almost double the rate. I get inflation but there’s no way repair costs have doubled!
With sticker prices at $60k-$80k and up Insurance is going to get expensive.
We’ve hit the critical mass on auto prices and new prices are high for a couple of reasons.
1) Subsidize EV losses. How can Ford afford to lose $36k on each F150 lighting.
2) Optional Equipment and electronics have gone crazy.
3) Dealer Greed which is being rolled back as we speak but the banks are really hurting because they financed all the overpriced cars. Almost everyone is upside down.
Exactly. Tech you just don’t need.
A 1999 Ford Explorer Sport..and a 1998 Honda Civic.
None of these are fancy, dancey.
Actually the rising costs has more to do with a sloo of un-insured drivers. Illegals aren’t buying auto insurance.