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They do a deeper dive on the increased cost of owning a vehicle, but insurance is not specifically called out. Only the "Maintenance + Repair" cost increase of 20% is mentioned. This would be the category that insurance most closely cares about.
I would certainly expect my auto insurance rates to go up 13%. . . .or even 20% . . . over the last 2 years. That is reasonable to cover inflation. However I have seen 3 increases of that size in the last 18 months. No citations. No accidents. No vehicle changes:
July 2022 - 15% increase
Jan 2023 - 20% increase
Jan 2034 - 18% increase (They've already sent me the bill for this one)
My state requires you to list insurance policy numbers and expiration date on tab renewal form. My friend who sells insurance said they never actually check to see if policy is real.
Mine should be free, I've never filed a claim in 40 years.
No tickets, and they wanted to raise my rates anyways; so wound up switching carriers and bundling the homeowners with it.
It pays to shop around.
There are constant ad's on TV and radio from attorneys call us if you're injured and they all go for the amount of coverage you have. No wonder insurance is so expensive.
Location: In a perfect world winter does not exist
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Still questioning why at over 50 YO with no tickets, no accidents, nothing last 3 years everyone is quoting me over 1k every 6 months for a couple of old Nissans. 50k/100k full coverage. It use to be the older you get and clean driving there was a reward. Now its punishment for everyone.
The cars are a 09 and 16 models.
Maybe its because I live in crime infested Seattle? that is adding some extra costs.
Only Progressive is not near the 1k mark every 6 months my current insurance.
My advice is to only make major claims. Don't get roadside assistance. A simple fuel delivery from RA will count as a claim to other insurers when they check on you. You would be better off using your credit card's pay per use roadside assistance.
In my guess I think 40 to 50 percent of Drivers in America have no car insurance.
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Quote:
Originally Posted by Hemlock140
Probably true, and why we carry uninsured motorist. Every time we were hit by another vehicle they were uninsured, and our coverage paid with no deductible. In our state (and 6 others) there is no requirement to show proof of insurance to register a vehicle., only lenders do. The fine of $550 if stopped by the police is a lot less than those people would have to pay for insurance. If they get caught once a year they still come out ahead.
Quote:
Originally Posted by StealthRabbit
63% uninsured on my state, according to my agent, a representative member of insurance commission.
I've been lucky, 100% of the 8 distracted drivers who have crashed my cars and fences have been insured,
But collecting is always a huge struggle. Lots of very forceful correspondence.
Many of my neighbors and friends are not insured, not licensed either.
When's the last time you've been stopped by police? Getting fewer and far between as cops leave their career.
According to this, Mississippi, has the most uninsured drivers of any state in the country and the percentage without insurance is 29%. Nationally, the rate is one out of 8, or between 12% and 13%. This pretty much lines up with my own perceptions as an attorney representing people in these cases.
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