Quote:
Originally Posted by baron95
You guys are falling for the theatrics - while you focus on the bogus news stories of sharing data, you ignore the real causes for car insurance rates to shoot up:
1 - Laws that prevent insurance companies from using your credit score and other signs of being a responsible citizen to rate you.
2 - The incredible amount of illegal immigrants, criminals, and the like driving around uninsured and with total disregard for laws and rules.
3 - The incredible rise in car theft. That causes the theft loss, but, more importantly, generate a ton of accidents as those cars are driven around with nothing to loose.
4 - The laws and rules preventing law enforcement to target high crime areas and high crime populations. If you stop and question a male teen in crime infested area, you have to also stop and question a grandma coming out of church - you know - you have to be equitable.
5 - The unavailability of technical/skilled labor for repairs, because our government is preaching that college and college only is the path to success.
6 - General attitude that the "rich", you know these BMW owners, need to pay (for others).
Put it all together and there is a ton of government policy driving higher auto insurance rates.
AND - get this straight ....
It is a feature of their policies, not a bug.
No, they don't want you to have nice things.
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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.