- 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
re: Why hasn't auto insurance come down yet
Posted on 4/16/24 at 8:50 am to The Scofflaw
Posted on 4/16/24 at 8:50 am to The Scofflaw
When a product is forced by the government to be purchased, what do you think will happen to price? It’s no coincidence liability is 85% of your premium.
1
Posted on 4/16/24 at 8:51 am to thecoconuttiger
quote:
Agents in bad standing have higher premiums.
No, they may have their contract with that carrier pulled or limit what types of drivers they can accept, but they don't get higher rates than other agents with the same carrier.
Posted on 4/16/24 at 8:58 am to White Bear
quote:
When a product is forced by the government to be purchased, what do you think will happen to price? It’s no coincidence liability is 85% of your premium.
I'd suggest looking at auto carriers loss ratios for auto liability over the last ~5-10 years. The reason for rate increases is higher claims settlements.
What i'm basically saying is; you can thank ambulance chasers/liberal jurors.
Posted on 4/16/24 at 9:00 am to thecoconuttiger
quote:
Always call several agents within the company to get the cheapest quote given with the most short cuts taken.
Posted on 4/16/24 at 9:21 am to The Scofflaw
Wait until it quadruples bc of the illegals on the road adding to uninsuredTexas paper plates. If you have assets secure in trust and tell them to bill Biden the rate and join in the uninsured since it seems insurance is unimportant.
Posted on 4/16/24 at 9:22 am to The Scofflaw
Bc they have to pay all these celebrities/athletes to be in their commercials.
Posted on 4/16/24 at 9:26 am to SouthMSReb
quote:why have claim amounts increased?
The reason for rate increases is higher claims settlements.
This post was edited on 4/16/24 at 9:28 am
Posted on 4/16/24 at 9:28 am to Teddy1388
You think the plaintiffs bar supported Jeff Landry for shits and giggles ?
Posted on 4/16/24 at 9:28 am to The Scofflaw
illegals and the uninsured.
Posted on 4/16/24 at 9:29 am to The Scofflaw
Posted on 4/16/24 at 9:42 am to Ancient Astronaut
No, I think they are all in bed together.
This post was edited on 4/16/24 at 9:43 am
Posted on 4/16/24 at 9:45 am to tide06
quote:
Car theft: up
Litigation costs: up
Car parts: sky rocketing
Car replacement: way up
Body shop costs: way up
# of uninsured drivers: way up
# of underinsured drivers (min coverage): way up
Posted on 4/16/24 at 9:50 am to The Scofflaw
Well for one, your graphic is comparing maintenance and repair costs to the Consumer Price Index. Its not saying those vehicle ownership costs went down, they're just down compared to the overall CPI.
Second, that graphic combined maintenance and repair costs. Intervals for routine maintenance aren't as frequent on most newer model cars as they would've been on cars 10-20 years ago. When I started driving, oil changes were every 3000 miles (maybe 5000 with some expensive synthetic oil). Now its at least 5000 for most vehicles with some pushing 10k mile intervals depending on the oil type. Maintenance savings is a non-factor for insurance companies because they don't cover maintenance anyway. Only repair costs related to damage from collision, weather damage, vandalism, etc have any bearing on insurance....and used car prices being up so much.
Medical costs have skyrocketed over the past 20+ years too which factors into insurance claim settlements.
Second, that graphic combined maintenance and repair costs. Intervals for routine maintenance aren't as frequent on most newer model cars as they would've been on cars 10-20 years ago. When I started driving, oil changes were every 3000 miles (maybe 5000 with some expensive synthetic oil). Now its at least 5000 for most vehicles with some pushing 10k mile intervals depending on the oil type. Maintenance savings is a non-factor for insurance companies because they don't cover maintenance anyway. Only repair costs related to damage from collision, weather damage, vandalism, etc have any bearing on insurance....and used car prices being up so much.
Medical costs have skyrocketed over the past 20+ years too which factors into insurance claim settlements.
This post was edited on 4/16/24 at 10:08 am
Posted on 4/16/24 at 9:53 am to White Bear
quote:Vehicle prices keep going up. Medical expense costs keep going up. And where do you think the money comes from for injury lawyers to have 75% of the billboard space along most stretches of interstate and to pay LSU athletes for NIL deals
why have claim amounts increased?
Posted on 4/16/24 at 9:57 am to The Scofflaw
This morning I saw an accident. Two guys outside the trucks talking. All seemed ok to me. Crazy enough one of the leading plaintiff attorneys in town was parked at the other side of the intersection just watching. It was like a SNL skit.
So now we have about 30k in repairs and prob 50 in injury claims.
So now we have about 30k in repairs and prob 50 in injury claims.
Posted on 4/16/24 at 10:02 am to el Gaucho
quote:
That can’t be right Half the drivers in the state don’t have insurance
With the thousands of Illegals crossing the borders on foot, think some have gotten cars? Do they have insurance?
Posted on 4/16/24 at 10:06 am to The Scofflaw
True story. I was in Alabama, stopped to fill up my truck. I happened to be looking at the on ramp of the interstate. A three car pileup. They all got out, looked at each others cars, looked at each other, just a guess, none of the three had insurance. They all got back in their cars and drove off.
This post was edited on 4/16/24 at 10:07 am
Posted on 4/16/24 at 10:13 am to The Scofflaw
I've never met an insurance agent that was struggling. Most are making bank and doing better than a lot of attorneys and engineers. Legalized theft.
Posted on 4/16/24 at 10:18 am to RougeDawg
quote:Until you need it
Legalized theft
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News