Insurance companies have to be admitted. They may be working together to price gauge Americans. Other companies have done it before. They need to be regulated better.
No they took massive losses with their portfolio when Fed raised rates to combat fiscal inflation so they underwater with their reserves so they are taking losses and raising premiums ..same with home owners insurance.
Insurance companies buy debt securities like us treasuries..they got rugpulled by Feds when they raise rates incurring portfolio losses and you are paying for their lack of risk mgmt
You have to go after hospital bills, price of car parts, price of cars too. Also people that drive without insurance are the riskiest drivers that would send you to the hospital if they hit you.
The two things arent correlated your credit maybe great but if you have a bad driving record the insurance will be higher car note Is based on how much you finance and your interest rate if you put a large down payment and your rate is low but you have 3 accidents on your record and a ticket why wouldn’t your car note be cheaper than your insurance the two things are based on different metrics the statement is nonsense
Progressive decided to raise my premium after looking into who lives at my house along with me and adding them to the policy without my permission. When I informed them that the person they added is disabled and never had a drivers license they said it didn’t matter, it’s their policy to add members of the household to the policy so I switched insurers the same day
It's corporate greed. If you watch the stock market, corporate record profit came from these "inflation" which are more accurately described as price gouging. Even Walmart raised price of its Rico Rice from $10.88 to $12.98, 20% increase, and then from $12.98 to $18.12, 50% increase. It's corporate greed, nothing more.
Never share your driving data they will say you driving too fast or stopping too much especially if you live right off the highway with traffic lights .. You’re driving too early. You’re driving too late at night . Just don’t do it.
My car insurance cost more than my car payment. Its insane. Me and my mom had to get it together on the same plan for it to be even remotely affordable
People get lawyers when the insurance companies refuse to pay. Which if you're paying for coverage, they should absolutely have to payout. It's what you pay for.
This is why I don't have insurance. Just drive cautiously, and don't be idiot speeding and bumper riding cars drive for months, but dmv is going to suspend my registration if I don't show dmv proof by the end of the month. Money hungry Fiends insurance is a scam I went years without an accident 💀🤣
Too bad this report isn't as pressing as our upcoming election information. Consider the companies no longer offering homeowners coverage, yet the increase for such is mind-boggling!!! Insurance companies make trillions each year.
What is insurance? In case something happens. What happens when nothing happens? Do I get my money back? No. What happens when something does happen? You find out you're not cover for that.
Let her car go, means she bought out her lease and gave the car back or she terminated the lease by having it repoed and now has a bad credit score for the next 7 years.
stop filing claims!!! then u wonder why ur rates go up!!! if its not ur fault its best to file a claim with the other persons insurance!!!!! get a quote first if under deductible then dont bother. learn people
Getting rid of her car is probably the best decision she has made. More people should try walking and biking. It's good exercise and it saves a lot of money --not to mention the environmental benefits for all.
He'll make it even worse. And not just the insurance, but also all other products because he wants to significantly increase tariffs on all foreign imports.
@@DC-qn4wz Funny how everything was better under Trump's Presidency yet everything has gotten worse under Biden. Hmmm 🤔 But, yes let's keep blaming everything under Trump in your delusional world
Insurance companies have to be admitted. They may be working together to price gauge Americans. Other companies have done it before. They need to be regulated better.
No they took massive losses with their portfolio when Fed raised rates to combat fiscal inflation so they underwater with their reserves so they are taking losses and raising premiums ..same with home owners insurance.
Insurance companies buy debt securities like us treasuries..they got rugpulled by Feds when they raise rates incurring portfolio losses and you are paying for their lack of risk mgmt
You have to go after hospital bills, price of car parts, price of cars too. Also people that drive without insurance are the riskiest drivers that would send you to the hospital if they hit you.
Lies again? Say Ciao USD SGD
It's crazy when your car note is less than your insurance SMH
Me
The two things arent correlated your credit maybe great but if you have a bad driving record the insurance will be higher car note Is based on how much you finance and your interest rate if you put a large down payment and your rate is low but you have 3 accidents on your record and a ticket why wouldn’t your car note be cheaper than your insurance the two things are based on different metrics the statement is nonsense
Progressive decided to raise my premium after looking into who lives at my house along with me and adding them to the policy without my permission. When I informed them that the person they added is disabled and never had a drivers license they said it didn’t matter, it’s their policy to add members of the household to the policy so I switched insurers the same day
Put insurance companies out of business, just stop using them.
I drive without car insurance. Money saved 😂
Then you wonder why people drive without insurance.
It's corporate greed. If you watch the stock market, corporate record profit came from these "inflation" which are more accurately described as price gouging. Even Walmart raised price of its Rico Rice from $10.88 to $12.98, 20% increase, and then from $12.98 to $18.12, 50% increase. It's corporate greed, nothing more.
Plus tariffs on foreign imports.
@@harleydude-xo8pu you give presidents too much credit for the state of the economy lmao.
@@harleydude-xo8puTrump add over 8 billion to our debt in a 4 year period. Biden is under 5 trillion. Both suck and not what we need.
They picked the worse example for this report 😒😒😒
Never share your driving data they will say you driving too fast or stopping too much especially if you live right off the highway with traffic lights .. You’re driving too early. You’re driving too late at night . Just don’t do it.
Car insurance went up 40% since 2020😂😂😂
I save a bunch of money by getting rid of insurance.
My car insurance cost more than my car payment. Its insane. Me and my mom had to get it together on the same plan for it to be even remotely affordable
Can't afford a house now you can't afford a car we are doomed 😆
Enough is enough, insurance companies need regulations
Prices will never go down once they get extra dollars they want more
They failed to mention rising cost of thief....
Stop hiring lawyers to handle your claim.
People get lawyers when the insurance companies refuse to pay. Which if you're paying for coverage, they should absolutely have to payout. It's what you pay for.
Carry the minimum as the other person is carrying the minimum.
I have 4 vehicles with 4 drivers and I’m having to trim our insurance just enough to be road legal
This is why I don't have insurance. Just drive cautiously, and don't be idiot speeding and bumper riding cars drive for months, but dmv is going to suspend my registration if I don't show dmv proof by the end of the month. Money hungry Fiends insurance is a scam I went years without an accident 💀🤣
Down with big corporations !!!!
you shouldn't sacrifice privacy to save on car insurance, can't believe news agencies are peddling such an idea.
Buy older cars. My premium is 190/month for 2 cars here in Los Angeles.
Some older cars cost the same as new cars
@@djwoosie98the liability insurance is about the same. But the old car can drop collision insurance because of the low value
Greedy insurance companies as always
Prices haven’t dropped, but at least not the supermarket no my car insurance nor has my cost of public transportation at all went up not decreased.
Simple, just greedy price gouging! Nothing has changed in the auto industry.
My 6mo insurance premium is less than $280 total. I wonder what I did wrong.
So I pay insurance for years
Than the moment I need to use them they raise my rate 🤔
How does that work
Too bad this report isn't as pressing as our upcoming election information. Consider the companies no longer offering homeowners coverage, yet the increase for such is mind-boggling!!! Insurance companies make trillions each year.
What is insurance? In case something happens. What happens when nothing happens? Do I get my money back? No. What happens when something does happen? You find out you're not cover for that.
Inflation is only 3% in June according to government data. Hahahahahaha
The ability to afford to drive will very soon be out of reach for most people, just like buying a home.
🖐🤣🙄 Master of the Obvious advice: “..shop around…ask for discounts…” 2:29 . And look both ways when crossing the street.
I went from 137- 500 in the past 3 years
I like she tries to make herself sound smart by making an "executive" decision to let go of her car. It's her own car😂
She was leasing her car. Technically, not hers.
Let her car go, means she bought out her lease and gave the car back or she terminated the lease by having it repoed and now has a bad credit score for the next 7 years.
stop filing claims!!! then u wonder why ur rates go up!!! if its not ur fault its best to file a claim with the other persons insurance!!!!! get a quote first if under deductible then dont bother. learn people
My insurance goes up regardless if I file claims or not.
Exactly
Because all of the war supplies
lmao if you're paying $500/month for INSURANCE!! thats on you!
I paid $500 for 6 months for a 2021 jeep
Do you think your insurance quote is the same as everyone else's??
🧢
They will not change there record profits for the people it’s a money grab
LMAO on a bike
Getting rid of her car is probably the best decision she has made. More people should try walking and biking. It's good exercise and it saves a lot of money --not to mention the environmental benefits for all.
T.R.U.M.P
He'll make it even worse. And not just the insurance, but also all other products because he wants to significantly increase tariffs on all foreign imports.
@@DC-qn4wz Funny how everything was better under Trump's Presidency yet everything has gotten worse under Biden. Hmmm 🤔 But, yes let's keep blaming everything under Trump in your delusional world
yes let's blame trump for everything because biden has made it better for everyone. hypocrites.
Her voice annoying lol
Put insurance companies out of business, just stop using them.
Most people take out a loan to finance a car. The bank requires you to get full coverage.
Put insurance companies out of business, just stop using them.