Hmm, it’s almost like we should focus considerably more on simple vehicles instead of complex subscription shit boxes that we have, to cut down cost of manufacturing/materials/parts/labour and now insurance…no big money in that though.
Or you know …public transport is also pretty damn good option over any of this. Something drastic would have to change for trains/buses/etc to become commonplace in NA though, at least in some EU countries and a few other countries in the world there’s a bit of hope.
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Bought a house in 2021, registering my insurance at the new address DOUBLED my rate. $220 a month for 2 cars. No accidents, nothing, just bought a house and changed address.
Most people don’t realize that your address actually has a huge impact on insurance. Moving less than an hour’s drive for me caused a change of nearly $100/month.
I just moved ~30 minutes away and saved $100/mo as well. Insane difference.
Geico ain’t got shit on that
I just switched insurance companies and my vehicle insurance went from 360€/y to 320€/y and property insurance went from 570€/y to 430€/y
Also why people are driving less and not buying cars.
My work had to change auto insurance providers after they increased their premium by 350% at renewal time. No specific explanation given of course - “rising costs through the industry”. Apparently the new provider is about double the original rate. Got us all worried it would happen to our cars too. No ones mentioned anything since though. Only a matter of time I suppose.
maybe giant death machines are hard to insure?
I don’t drive, and because traveling is always a direct cost to me ($20 Uber each way to the mall just to watch a movie hurts), I’m not convinced when my friends tell me how much money I’m saving. But with stuff like this, maybe I am actually saving money…
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Did we read the same article? The point is about more severe crashes.
If you have data to back your point up, I’d love to see it. I’m not aware of any major changes in vehicle purchases. I’m not sure how that matches with more overall crashes, as the article reports.
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Huh? It says 17.4%, where did 90 come from?
The inflation graphic used is misleading, likely to shock and disturb. I saw that 20% as 80-90% as well the first time.
AI hallucination?
No, that’s not what is driving this at all. The replacement cost of a vehicle has increased significantly. That’s the root cause.
