- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Auto insurance rates have gone up since new law to bring them down insurance commissioner
Posted on 11/15/21 at 6:57 pm
Posted on 11/15/21 at 6:57 pm
Whodathunkit
quote:LINK
Though many policyholders already are aware, Insurance Commissioner Jim Donelon told a task force Monday that auto insurance rates have gone up since a new law went into effect that limits access to the courts that was sold with the promise of lowering the rates.
This post was edited on 11/15/21 at 6:59 pm
13
Posted on 11/15/21 at 7:00 pm to fatboydave
What was the percentage it went up? Also with inflation, what the hell didn’t go up besides my wages?
Posted on 11/15/21 at 7:02 pm to fatboydave
Lawyers were only part of the problem
Other and probably bigger problem is the number of uninsured assholes out there and they cause a disproportionately large number of the accidents
My rate actually went down this year fwiw
Other and probably bigger problem is the number of uninsured assholes out there and they cause a disproportionately large number of the accidents
My rate actually went down this year fwiw
This post was edited on 11/15/21 at 7:03 pm
Posted on 11/15/21 at 7:02 pm to fatboydave
Insurance companies lied about the effects of a bill they endorsed? No fricking way.
Posted on 11/15/21 at 7:04 pm to fatboydave
< 1% when inflation is out of control across the country.
Nice spin, though, Mr personal injury attorney.
Nice spin, though, Mr personal injury attorney.
Posted on 11/15/21 at 7:11 pm to Cosmo
There’s lots, and lots, of uninsured assholes in the state of Louisiana. At least they can’t claim bodily injury uninsured and they’ll end up getting their shite towed once the cops arrive.
Posted on 11/15/21 at 7:14 pm to fatboydave
The real question anyone with a brain should be asking is how much would rates have gone up without this legislation versus since it passed.
Posted on 11/15/21 at 7:16 pm to fatboydave
How does this compare to other states? Lots more people on the road now.
Posted on 11/15/21 at 7:18 pm to fatboydave
Why don’t we just get universal car insurance?
Posted on 11/15/21 at 7:19 pm to GetBackToWork
That's why u compare to other states. Actuarially it could be a result of a bunch of things. Pinpointing it on one thing is usually stupid talking point.
Posted on 11/15/21 at 7:21 pm to fatboydave
There’s a shocker. You mean you cannot trust insurance companies and their lobbiests?
Posted on 11/15/21 at 7:21 pm to Abstract Queso Dip
Louisiana was one of eight states that saw its insurance rates rise. Other states’ insurance rates went down.
I’m all for tort reform done wisely. However, I hate it was lied about and tied to lowering insurance which was pushed by big business unions and insurance companies.
I’m all for tort reform done wisely. However, I hate it was lied about and tied to lowering insurance which was pushed by big business unions and insurance companies.
Posted on 11/15/21 at 7:26 pm to Cosmo
quote:
Other and probably bigger problem is the number of uninsured assholes out there and they cause a disproportionately large number of the accidents
That problem existed before the new law. If what you are saying is true then it should have already been factored in to prior costs prior to the new law. It’s not like a huge number of people became uninsured since the new law came into place. Insurance companies got favorable law, which will limit liability and still raised rates. If for no other reason than aesthetics they should have at least lowered rates for six months.
Legislature should have included a provision that rescinded the new law if rates did not go down consistent with percentages lobbyists said they would. That would have been simple and should not have drawn any objections from insurance companies if what they were saying was true.
This post was edited on 11/15/21 at 7:27 pm
Posted on 11/15/21 at 7:35 pm to fatboydave
That so called “tort reform” law was a joke.
Posted on 11/15/21 at 7:35 pm to Abstract Queso Dip
quote:
How does this compare to other states?
Just moved out of state, my insurance for 2 cars dropped $84/month with the same coverage. There was a change of company as well but that is a significant drop.
Posted on 11/15/21 at 7:36 pm to Breauxsif
quote:
At least they can’t claim bodily injury uninsured
Is that true?
Posted on 11/15/21 at 7:39 pm to Cosmo
It’s true only to the extent that the uninsured can’t claim the first 15k of bodily injury. So for instance, if an uninsured driver gets in a wreck and has a 100k claim, he would only get 85k. 15k claim gets nothing.
This post was edited on 11/15/21 at 7:40 pm
Posted on 11/15/21 at 7:40 pm to Cosmo
Louisiana is a pay to play state.
Posted on 11/15/21 at 7:47 pm to LSUgrad04
quote:
100k claim, he would only get 85k. 15k claim gets nothing.
Well 100k claim should get nothing
Posted on 11/15/21 at 7:48 pm to fatboydave
At the end of the day, if the plaintiffs and their attorneys are still coordinating with doctors to exhaust policies on every accident that occurs, payouts haven’t decreased and premiums won’t be going down.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News