READ MORE: The insurance on my 2012 Mazda went up 72% to $233 a month!’
https://www.dailymail.co.uk/yourmoney/consumer/article-12958115/car-insurance-storms-wildfires-inflation.html
The insurance on my 2012 Mazda went up 72% to $233 a month!’ Americans are battling soaring car and home premiums - which insurers blame on storms, wildfires and inflation - what can you do to lower them?
Simon Edwards’s monthly bill from Geico rose from $130 last April to $223 now
Actress Marta Cross is paying more than $4,000 a year home insurance in LA
Some states have capped how much insurers can increase prices - but those companies have simply refused to offer cover as they would lose money
By DANIEL JONES, CONSUMER EDITOR FOR DAILYMAIL.COM
PUBLISHED: 14:51 EDT, 21 January 2024
They say ‘What happens in Vegas stays in Vegas’ - but the eye-watering auto insurance bill city resident Simon Edwards recently received is just one example of the staggering rises in premiums consumers are facing all across the US.
The 2012 Mazda 5 owner was shocked to find his monthly bill from Geico had rocketed up from $130 last April to $223 now – a rise of 72 percent in just eight months.
‘I’ve been in no accidents, no tickets, been with Geico for many years,’ a perplexed Edwards told the Wall Street Journal.
Manwhile, actress Marta Cross is having to pay more than $4,000 a year home insurance in Los Angeles.
For all too many home and car owners, the insurance market is proving to be perhaps the most brutal battlefront in the cost of living crisis.
There are concerns of profiteering from insurers, but they point to two key challenges - more natural disasters and rampant inflation.
All I know is that crime rates are up and all forms of insurance are up up up up up
My policy expires this month...I just learned that my premium is going up 15%. No tickets,no accidents,no claims in about 10 years.
Bring back white Jake.
Houston Texas. $425k coverage. Brick veneer. Last years premium was $2550. Carrier left state. New policy through a decent company =$8,000.
Houston Texas. $425k coverage. Brick veneer. Last years premium was $2550. Carrier left state. New policy through a decent company =$8,000.
Deep State is totally cool with State Farm leaving because Deep State really, really, REALLY doesn’t like competition.
Deep State is about to Obamacare the rest of the private insurance market.
INCOMING!!!!
Disastrous lib policies have to be covered, somehow!
Californians love to lead the nation in loving to pay more for everything. They should jump on this opportunity to pay more for insurance.
State Farm is doing fine, but California is its own special mess.
There is a reason insurers are leaving California. The costs keep going through the roof because of terrible state and local government policies.
Because of regulations and mandates it is getting harder and harder for insurance companies to stay profitable. So either rates will continue to skyrocket or insurance will just no longer be available soon.
Another crisis caused by Democrats.
At some point, a large segment of the population will simply forego auto/property insurance because they do not possess assets that exceed the cost of the insurance itself - or the benefit of the insurance is unlikely to exceed the cost.
Given that it is unlikely that the tens of millions of new “guests” in the country will similarly not have insurance, lets just enjoy the free-for-all on the roads.
My home policy increased 48% this year. I called around. Each wanted proof regarding the age of roof. HVAC.. and more. Please remember an ad that started exactly this way.... “even knowing 95% will not have a homeowners claim” LET That sink in!!!!! Allstate, Dennis Hassert. Can’t find it now. Think, and count the folks you know that ever filed a claim on a home............
They left MA years ago.
-SB
Isn’t there a subtext here, one that the liberal left just loves?
Insurance rates are up, has to be because of the big old bad fires and hurricanes and tornadoes and homeless, obviously because of anthropogenic climate change because of use of the internal combustion engine and other typical American consumerism and conservative state policies. So, yaay, bring on the news, so we can increase awareness of climate change and get more money from the public and more control of the public.
Right?
Inflation
Government regulations driving up prices.
CA not protecting against fire
People are not as ethical. Padding claims such as roof replacement.
Gavin Newsom’s next great idea taxpayer funded insurance that is FREE