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Originally Posted by chris719
Except it's almost none of these. Tinfoil hat much? A quick search shows that insurance companies themselves cite increases in vehicle cost, repair cost, and labor cost as the main driver. Increased loss related to natural disasters is also a part of it. Almost all the rise in car theft is Kia/Hyundai alone and if you really believe insurance has spiked because of illegals that somehow didn't exist before 2020 you need to stop watching certain news channels. Bankrate claims that, adjusted for income:
State with the lowest true cost: Massachusetts
State with the highest true cost: Louisiana
Metro area with the lowest true cost: Seattle
Metro area with the highest true cost: Detroit
This is not some deliberate government conspiracy to deprive you of a BMW. It is simply the result of inflation, price gouging, driving habits, and weather.
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The increased cost of sophisticated parts such as cameras, sensors, etc. and labor are the salient reasons for higher premiums.