Why auto insurance costs are rising at the fastest rate in 47 years

5 comments

1. “The sticker shock hitting many American drivers is being driven by a rise in accidents, the severity of accidents, and geographical factors combining to create a perfect storm and push costs higher.

   ‘Severity’ and bodily injury claims on the rise
   The most alarming factor driving insurance costs higher is more severe claims.

   “In general, the numbers of crashes, injuries, and fatalities are up, and inflation has made the cost of repairs more expensive,” AAA spokesperson Robert Sinclair told Yahoo Finance.”

2. Yes everyone keep moving to Tampa and driving like complete fuckin morons because its become some the highest rates in the country…

3. The articles is being a little dishonest. The pandemic increased the *variability* of insurance rate growth, but we’re on the same trend line we’re been on since 2010. 

   https://www.axios.com/2023/09/14/inflation-rise-up-car-costs-gas-insurance

   It’s most because the severity of accidents and personal injuries continues to increase as average vehicle sizes continue to increase, especially among trucks and SUVs. Trucks have been especially problematic, as they are getting taller too, with a larger blind spot in front the truck, sharply increasing pedestrian fatalities. 

   Until light trucks have the same emission standards as sedans, insurance rates will continue to increase in tandem with vehicle body size and weight.

4. Corporate greed. Next question!

5. Is there anything the RAMBROS haven’t ruined.

   Why not just put the onus on the driver of the oversized vehicle? If your vehicle is responsible for more accidents and more expensive damage bills your premium is tripled. If you car is compact and has a high safety rating you get to pay half.

   That would sort out the SUV “trend” really quickly…