Car Insurance Rates Up 55 Percent Under Biden-Harris

[Fort Fun Indiana]

Most of that increase has nothing to do with the government or the economy. It's simply because the CEO's of your insurance company wanted more profit and a bigger salary for himself and some company employee's.
They simply use the widely accepted excuse of inflation.

That's also true.

Unlike health insurance, they are under no obligation to pay out a minimum percentage of their premiums.

 

[Slade3200]

Yep, third worlders cross the border illegally, many rape and rob....illegally. But don't you worry, they'll be upstanding and get a license and insurance....idiot.

Many huh? What does your secret vault of stats say about that? How many of the millions that illegally come here rape and rob? Just curious about what percentage we are talking about. Please provide a source for your direct statistical response which I’m confident you will provide.

 

[konradv]

Even with no claims in years, in fact I've never had a claim for car insurance where I was at fault, my car insurance has exploded in just the last few years. I have nine vehicles, and the cost is obscene!!
Fire and house insurance has also shot up like a rocket.

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You want them to interfere in insurance? Calling for an Affordable Car Act?

#VOTEHARRIS

 

[Fort Fun Indiana]

You want them to interfere in insurance? Calling for an Affordable Car Act?

#VOTEHARRIS

They sure love capitalism.

Until they don't.

 

[Thinker101]

Many huh? What does your secret vault of stats say about that? How many of the millions that illegally come here rape and rob? Just curious about what percentage we are talking about. Please provide a source for your direct statistical response which I’m confident you will provide.

Well, how many rapes, murders, robberies do you find acceptable?

 

[LordBrownTrout]

Would you like the president and vice president to start regulating car insurance companies?

They indirectly are by letting in millions of illegals.

 

[YoursTruly]

You want them to interfere in insurance? Calling for an Affordable Car Act?

#VOTEHARRIS

I don't know about the guy you're replying to. I personally don't want to see the government involved in much of anything. This is why we have courts.
But insurance companies and others, are increasing their prices when the economy is bad. Making the economy worse.
This is very unAmerican and unpatriotic towards this country and their customers. Especially when auto insurance is mandated in almost every state.

Note: I'm not against profits. I'm against raking customers over the coals just because they can.

2023 Insurance company profits

State farm $1.2 Billion
Progressive insurance $5.5 Billion
Geico $1.78 Billion

 

[YoursTruly]

They indirectly are by letting in millions of illegals.

Illegals are just an excuse. Insurance companies will use any excuse they can to boost their billions in profits.
It's called marketing.

 

[LordBrownTrout]

Illegals are just an excuse. Insurance companies will use any excuse they can to boost their billions in profits.
It's called marketing.

Of course insurance companies do that but you don't give them an excuse to do that. Biden and harris game them a huge excuse to do this.

 

[Fort Fun Indiana]

Note: I'm not against profits. I'm against raking customers over the coals just because they can.

There is no difference. Capitalism is capitalism.

 

[YoursTruly]

When I was in business for myself, and the economy was bad, or businesses was slow, I'd either keep my prices the same or lower what I could.
I never raised prices when times were tough on my customers.

Increases always come when I had more customers than I could manage. Which was always during good economic times.

These multi billion $$$ companies are raising prices when the country is struggling. They should be economically cancelled for doing that to Americans.

 

[Fort Fun Indiana]

Of course insurance companies do that but you don't give them an excuse to do that. Biden and harris game them a huge excuse to do this.

Every company does that. It's called capitalism.

 

[LordBrownTrout]

There is no difference. Capitalism is capitalism.

There is a difference. Not all companies are unethical.

 

[YoursTruly]

Of course insurance companies do that but you don't give them an excuse to do that. Biden and harris game them a huge excuse to do this.

It's things like this that help perpetuate a bad economy.

There's no patriotism in business.

 

[Fort Fun Indiana]

There is a difference.

Sorry, there is not.

We just arbitrarily decide companies should not charge and profit past a certain amount. Then we call it gouging.

What is the max amount of profit your company should be allowed to make? This will be my decision, not yours. Just looking for your input.

Deal?

 

[DigitalDrifter]

May I suggest you don't get such analysis from the piece of crap Breitbart?

Auto insurance rates increased quickly in large part because of the moratoriums on increases that were in place for a while.

And auto insurance has for a long time risen quicker than inflation.

No, just having a different president isn't going to fix that.

View attachment 1014746

Breitbart is trying to inflame its white nationalist audience.

Easiest job ever.

Did you miss where I linked to the 'Bureau of Labor Statistics'?

Yes rates have steadily risen, but under the wonderful world of Joeflation, they have exploded.

 

[Fort Fun Indiana]

Did you miss where I linked to the 'Bureau of Labor Statistics'?

Did you miss the part where Breitbart only reported part of the information to inflame its white nationalist audience?

You sure didn't. It's all you regurgitated. It's why you read the article.

They know their audience.

 

[YoursTruly]

Every company does that. It's called capitalism.

You can't just label this "capitalism," as if capitalism was the problem. This problem doesn't stem from capatalism.
Some of it comes from the big spending politicians like Biden & Trump, who dump trillions of new money into our economy, which devalues existing currency.
And corporate greed.
If these insurance companies didn't raise their prices, they'd still be practicing capitalism.

Capitalism doesn't equal greed. Greed comes from the people in charge wanting more and more.

 

[Slade3200]

Well, how many rapes, murders, robberies do you find acceptable?

None. I’m just curious what the stats are. when you say the word many it’s sounded to me like you were speaking to a large percentage… do you have any clue as to what you’re talking about?

 

[LordBrownTrout]

Sorry, there is not.

We just arbitrarily decide companies should not charge and profit past a certain amount. Then we call it gouging.

What is the max amount of profit your company should be allowed to make? This will be my decision, not yours. Just looking for your input.

Deal?

Why would anyone set a max on a companies potential? And why would we want to give more money to a corrupt govt who wastes trillions? Nope, its time for the govt to do without. They've been wasting our money for too many years.