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Old 12-16-2023, 07:25 PM
 
Location: U.S.
9,510 posts, read 9,079,726 times
Reputation: 5927

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Quote:
Originally Posted by markg91359 View Post
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.

https://www.valuepenguin.com/auto-in...istics#heatmap
States could develop or better monitor active insurance policies on each VIN. Same thing with registration. Why do police have to pull over and ticket overdue registration? Immediately send suspension notices on overdue vehicles. Same goes for boats, rvs, motorcycles, etc. Many are overdue registration.

States should wear out the postal service by sending fines. States are not interested in fixing problems.
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Old 12-17-2023, 09:05 AM
 
14,400 posts, read 14,289,908 times
Reputation: 45726
Quote:
Originally Posted by johnsonkk View Post
States could develop or better monitor active insurance policies on each VIN. Same thing with registration. Why do police have to pull over and ticket overdue registration? Immediately send suspension notices on overdue vehicles. Same goes for boats, rvs, motorcycles, etc. Many are overdue registration.

States should wear out the postal service by sending fines. States are not interested in fixing problems.
I actually think this is a good idea. We should be more aggressive about enforcing insurance laws. We had an uninsured motorist detection law in Utah some years ago. It was ultimately repealed which was a mistake.
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Old 12-17-2023, 09:41 AM
 
21,884 posts, read 12,943,092 times
Reputation: 36895
If they can't afford insurance (supposedly), they can't pay fines (at least with reported income). You can't get blood from a stone.
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Old 12-17-2023, 11:02 AM
 
17,285 posts, read 22,006,628 times
Reputation: 29617
Quote:
Originally Posted by Hemlock140 View Post
I have been driving since 1968 and cannot remember a year when the insurance didn't go up. The biggest jumps were when I had a few tickets in my early 20s, when my kids started driving, and when the state banned discounts for good credit rating. This year the increases were minor, about $$15-30/6 month premium depending on which of our 3 vehicles.
Covid my insurance dropped..........less driving going on and the insurance companies were proud to tell you they gave you a rebate/discount.
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Old 12-17-2023, 11:40 AM
 
578 posts, read 300,440 times
Reputation: 851
Quote:
Originally Posted by MKTwet View Post
I'm not sure if anybody has been following or tracking but auto insurance rates are higher than it ever has been due to high cost of cars and services. This has a huge effects on new car affordability.
Inflation is a financial life killer. Too bad some cheer it.
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Old 12-17-2023, 01:23 PM
 
Location: In a perfect world winter does not exist
3,661 posts, read 2,938,725 times
Reputation: 6748
The only product in the world that is cheaper every single year are TVs. Absolutely nothing else and the quality of the viewing gets better too. Go figure.
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Old 12-17-2023, 03:29 PM
 
78,347 posts, read 60,539,645 times
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Quote:
Originally Posted by 87112 View Post
In my guess I think 40 to 50 percent of Drivers in America have no car insurance.

*
Why guess? Google and post the results, add some information to the topic.
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Old 12-17-2023, 03:33 PM
 
78,347 posts, read 60,539,645 times
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Quote:
Originally Posted by NewUser View Post
According to this CNBC article, overall, prices are about 13% higher than they were a year ago.

https://www.cnbc.com/2023/04/14/char...ince-2021.html

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)

That's not inflation. That's gouging.
Just because you don't understand it, doesn't mean it's cheating.

Assumptions you are making:
1) That your state already had adequate rates.
2) We don't know what law changes your state may have made.

Lastly, I think you may very well be missing something....like having a kid get to a certain age or some other kind of factor but without knowing your state. *shrug*. It just seems unlikely. Every state has to approve their rates and increases that large 3 years in a row? That's like seeing Sasquatch riding a unicorn.
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Old 12-17-2023, 03:35 PM
 
78,347 posts, read 60,539,645 times
Reputation: 49634
Quote:
Originally Posted by 87112 View Post
The only product in the world that is cheaper every single year are TVs. Absolutely nothing else and the quality of the viewing gets better too. Go figure.
Great point. Free market competition at work. In fairness, you could argue that for power and ability computers probably also count. I remember dropping 2k for a computer in like 1993....you can get a very nice set up for that these days.
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Old 12-18-2023, 05:36 AM
 
5,743 posts, read 17,596,866 times
Reputation: 4793
Quote:
Originally Posted by Mathguy View Post
Just because you don't understand it, doesn't mean it's cheating.

I think you may very well be missing something.... It just seems unlikely. Every state has to approve their rates and increases that large 3 years in a row?
Oh I'm not missing anything, and it's actually 3 raises in 18 months, not 3 years.

I emailed my agent and discussed the increases with her. She agreed that I had the correct percentage increases and confirmed that they were due to inflation. Her exact words were:

"The auto industry is experiencing inflationary trends that are impacting costs across various aspects such as parts, labor, and replacement cars. As a result, these rising costs are directly affecting insurance prices."

You are correct though in your comment about state approval. All 3 of these increases were requested to and approved by the state agency. Though it's usually the insurance companies requesting 30-40% increases and the state approving 15-20%.
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