re: Auto insurance rates plummet

quote:

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Because when car prices go up 40% the price to insure them would also rise by 40%.

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No, but one of the primary drivers of increased premiums the last few years has been the marked increase in vehicle prices (as well as costs of repair). Also, because of nagging supply chain issues for parts, repairs take longer which means people are in rentals for longer.

On the bodily injury side, puffed up "future" medical expense claims are blowing the doors off.