- 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
Why hasn't auto insurance come down yet
Posted on 4/16/24 at 8:15 am
Posted on 4/16/24 at 8:15 am
When cost to repair and maintenance has been falling? Mine keeps going up despite no claims, tickets, etc.
Posted on 4/16/24 at 8:17 am to The Scofflaw
Because insurance pays more than just repair expenses. It also pays for injuries. And medical costs are still rising.
Posted on 4/16/24 at 8:18 am to The Scofflaw
Has claims activity in your area decreased?
Posted on 4/16/24 at 8:18 am to The Scofflaw
Is this total spending, average cost of a repair, or something else?
This post was edited on 4/16/24 at 8:19 am
Posted on 4/16/24 at 8:19 am to The Scofflaw
quote:
Mine keeps going up despite no claims, tickets, etc.
They look at the entire enchilada. I'm stunned people don't understand this.
They aren't just looking at you. They are looking at the entire supply of who they are covering/costs/loss.
The cost of cars has skyrocketed is as well....more money to cover in the event of loss.
Posted on 4/16/24 at 8:19 am to The Scofflaw
Planet Money literally just dropped an episode on this, this am. I haven't listened to it yet.q
Posted on 4/16/24 at 8:20 am to The Scofflaw
Get a different agent.
Not all agents are created equal.
Not all agents are created equal.
Posted on 4/16/24 at 8:23 am to The Scofflaw
quote:
When cost to repair and maintenance has been falling?
I don’t believe this at all, especially with body and paint repairs
Posted on 4/16/24 at 8:24 am to The Scofflaw
Are EVs cheap to repair?
Posted on 4/16/24 at 8:27 am to The Scofflaw
quote:
Why hasn't auto insurance come down yet
Posted on 4/16/24 at 8:30 am to The Scofflaw
Governor Gordon should sue the insurance companies to make rates cheaper
Posted on 4/16/24 at 8:31 am to The Scofflaw
Car theft: up
Litigation costs: up
Car parts: sky rocketing
Car replacement: way up
Body shop costs: way up
I’m not an expert in this field, but when all the costs are going up it only follows that the premiums will follow.
Litigation costs: up
Car parts: sky rocketing
Car replacement: way up
Body shop costs: way up
I’m not an expert in this field, but when all the costs are going up it only follows that the premiums will follow.
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.
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 9:28 am to The Scofflaw
illegals and the uninsured.
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
Popular
Back to top
Follow TigerDroppings for LSU Football News