Not good . May arrive to your state . https://jalopnik.com/florida-car-insurance-prices-premiums-skyrocket-1850740823
Florida car insurance increasing at alarming rate ...
- Thread starter odie
- Start date
Alternate headline:
Florida Man Doesn't Understand How Insurance Works
Alternate alternate-headline
Breaking News: In shocking announcement, hurricanes promise they will no longer damage vehicles owned by residents over 50
I think you may be over simplifying here... Insurance rates are exploding everywhere, not just in hurricane prone areas.
Car insurance rates to rise 8.4% in 2023: Report
The average cost of full coverage car insurance will be $1,780 a year, report finds.
abcnews.go.com
Maybe increasing rates for where there is actually MORE RISK is a good thing for the rest of use.
My rates went of about 12% and there hasn't been any abnormal amount of claims due to natural disasters/or the potential thereof.
We are ALL PAYING for distracted driving.
Increasing labor rates, supply chain constraints, and minor accidents becoming costlier to repair due to the location of various sensors and expensive electronics (head lamps).
State Farm did this a couple of months ago.
State Farm did this a couple of months ago.
The cost of new vehicles has increased at an alarming rate over the past few years. When a new vehicle is in an accident, stolen, or totaled, it costs more by the insurance company….er…I mean the people paying the rates to fix it or replace it, simple as that.
I live so far from civilization, accidents, car theft, etc don't happen here.
I pay $1200 a year total to insure 4 minivans with 5 drivers with 300k bodily injury liability coverage
which is approximately $300 per vehicle annually. I hope my rates don't go up.
I pay $1200 a year total to insure 4 minivans with 5 drivers with 300k bodily injury liability coverage
which is approximately $300 per vehicle annually. I hope my rates don't go up.
It won’t arrive in other states.
Yes, car insurance is always increasing. But this is uniquely Florida thing that is tied to their homeowners insurance debacle, for the lack of better word.
Research homeowners insurance issues there. Many big insurance companies left FL. That will have huge impact on ALL insurance businesses.
This year Florida is projected to overtake California as the most expensive state to live, thanx to homeowners insurance issues. And culprit is not in hurricanes.
Watch the weather channel with people driving through flooded areas thinking they have a boat on tires. A couple inches of water inside takes out a bunch of modules under the seats alone. It's not 1968 anymore. Add in distracted driving in congested areas and there you go. Your zip code has a lot to do with Ins. pricing. It's called risk assessment. Higher risk, higher costs. Just like teenage drivers on your policy.
Our rates haven't gone up where we live (rural TX). And we moved and registered one of our daily drivers to (rural) Colorado and bundled it with our home policy there and received a discount.
Ed
More likely insurance is required.....so.
They don’t have to stop selling ICE cars. They just have to make them so expensive to operate that only the 1% can continue using them.I think you may be over simplifying here... Insurance rates are exploding everywhere, not just in hurricane prone areas.
Car insurance rates to rise 8.4% in 2023: Report
The average cost of full coverage car insurance will be $1,780 a year, report finds.
Applies to everything including property taxes.
Insuring a car in San Antonio is not cheap at all. So many hit and runs here and so many non insured motorists its mayhem.
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