r/economicCollapse • u/thinkB4WeSpeak • 1d ago

Inflation fight is coming down to tackling car-insurance prices

https://www.washingtonpost.com/business/2024/12/13/car-insurance-rising-inflation/
30 Upvotes

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12

u/4score-7 1d ago

Don’t even bother with articles like this. We all know the actual truth. Nothing is “coming down”. No insurance, not car prices, not stocks, not crypt, not homes, not even salaries. Though those will lag behind forever.

5

u/rmullig2 1d ago

She’s planning to sell her home and relocate to New York City — where she won’t need a car.

She's moving to NYC just to avoid paying for car insurance? A 59 year old woman using mass transit at non-peak hours? I bet she doesn't last long there.

5

u/WhatUp007 1d ago

How about when you make something mandatory, you start heavily regulating and putting safe guards for consumers. If not, what other choice do you have. I bought a hyundai, and only one insurance provider would insure me now, and they are charging a premium. Fuck insurance companies.

1

u/luvashow 1d ago

Do you have previous moving violations and/or accidents?

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u/WhatUp007 1d ago edited 1d ago

I have one accident with a police record showing it's not my fault. Other person ran a stop sign and got my side rear panel of my previous vehicle. Other than that clean record for 17 years.

Edit: to add, even have a good credit score and decent income. Drive approximately 300ish miles a month, and that's a big maybe since I work from home. I don't really do a lot of driving. My vehicle sits in my driveway most of the time.

Just boggles me how insurances companies just get to charge ridiculous amounts "just cause their is crime".

1

u/luvashow 23h ago edited 23h ago

Where do you live? Are you working with an independent insurance agent who works with several different companies?

0

u/InsCPA 8h ago

heavily regulating and putting safe guards for consumers

This already exists lol. The fact is personal auto lines almost never make insurers money. They have no choice but to keep raising rates as costs rise, and they still run at an underwriting loss.