Car Insurance Rates Up 55 Percent Under Biden-Harris

[Slade3200]

They indirectly are by letting in millions of illegals.

Haha, nice try but no. You’re stretching that one way too far

 

[SassyIrishLass]

Car and home insurance has exploded.

 

[Fort Fun Indiana]

You can't just label this "capitalism," as if capitalism was the problem. This problem doesn't stem from capatalism.

You're misguided.

The problem doesn't "stem from" capitalism.

This just IS capitalism. Charge as much as you can charge, to maximize profit.

To have a problem with this is to have a problem with capitalism.

It's okay. Capitalism isn't perfect. It needs guardrails. Joe McCarthy is not going to appear and pull your card.

 

[Marener]

Car and home insurance has exploded.

And right now all you guys can do is look for a way to blame this on Dems.

 

[Marener]

People like fancy cars. Fancy cars are more expensive to replace and to repair. Rates for insurance go up.

Not complicated.

 

[Fort Fun Indiana]

Why would anyone set a max on a companies potential?

To even mention price gouging and to suggest anything be done about it is to suggest that very thing.

Did you not understand what you were complaining about?

 

[SassyIrishLass]

And right now all you guys can do is look for a way to blame this on Dems.

Where did I say that you gaslighting moron?

Stop annoying me, asshole

 

[LordBrownTrout]

To even mention price gouging and to suggest anything be done about it is to suggest that very thing.

Did you not understand what you were complaining about?

I've owned and sold companies. You don't even know what you're talking about. Just spouting crud.

 

[Fort Fun Indiana]

I've owned and sold companies. You don't even know what you're talking about. Just spouting crud.

This vapid babbling isn't going to get you around the point.

Try again?

If you suggest doing anything about what you call gouging, then you are suggesting we limit a company's profit, ceteris parabus.


That's a fact. If you went and stepped in it, that's your problem.

 

[DigitalDrifter]

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.

So you're just going to ignore how rates have shot up since Biden entered the WH. Got it.

 

[Fort Fun Indiana]

So you're just going to ignore how rates have shot up since Biden entered the WH. Got it.

Except for when I didn't and made an informative, on topic post, with historical data.

How about you go somewhere and cry it out, then come back when your mind is clear.

 

[DigitalDrifter]

9 vehicles? I complain about having 6 of which 3 are "fun" cars and 1 is "supposedly" gonna be sold. I drive 1 car, I like only driving 1 car I hate having to drive any different car and of the 6 I only know how to drive 2.
Seriously you only need 1 car and maybe a truck, and even then your 1 car could be a truck.

I love cars, everything about them, especially classic cars which I own a few. I can afford them, however insurance is making it very hard now compared to just a few years ago.

Just as an example, late last year, I was looking at buying a used Ferrari, and the insurance was so incredibly ridiculous, I had to cancel the sale.

 

[DigitalDrifter]

Except for when I didn't and made an informative, on topic post, with historical data.

How about you go somewhere and cry it out, then come back when your mind is clear.

If you could see my insurance bill, and how just the last few years, it has exploded, you would feel differently.

 

[YoursTruly]

You're misguided.

The problem doesn't "stem from" capitalism.

This just IS capitalism. Charge as much as you can charge, to maximize profit.

To have a problem with this is to have a problem with capitalism.

It's okay. Capitalism isn't perfect. It needs guardrails. Joe McCarthy is not going to appear and pull your card.

BS. As I said, if the insurance companies didn't increase their prices, they'd still be practicing capitalism. And still be making a profit.
The greedy folks who run these companies (that are increasing their prices), are greedy.

What you're saying equates to "eating makes you fat."
Increasing prices during bad economic times, is equal to over eating.
We all have to eat (capitalism). But we don't have to over eat. (greed)

 

[Fort Fun Indiana]

If you could see my insurance bill, and how just the last few years, it has exploded, you would feel differently.

Data doesn't care about your feelings.

 

[SassyIrishLass]

If you could see my insurance bill, and how just the last few years, it has exploded, you would feel differently.

Try having three teen drivers, it's ridiculous

 

[Fort Fun Indiana]

As I said, if the insurance companies didn't increase their prices, they'd still be practicing capitalism.

Nobody said otherwise. Red Herring.

They would simply not be practicing it at max efficiency.

Capitalism means charging what you can charge in a free market. If they tripled rates, and everyone still paid them... that's capitalism. Whining has no bearing on this simple fact.

To suggest anything be done is to suggest capitalism is presenting a problem.

It's so hard for you to admit. This is the power of dogma.

 

[Slade3200]

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.

Aren’t yall complaining about the high prices these companies are charging? Why would you do that and try to hinder that companies earning potential?

 

[DigitalDrifter]

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.

2023 Insurance company profits

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

I don't think it's that 'simple'.

 

[DigitalDrifter]

Business​

'Everything is rising at a scary rate': Why car and home insurance costs are surging​

'Inflation is partly to blame for those big payouts. The cost of fixing or replacing damaged homes and cars has jumped sharply in recent years as a result of rising labor and material prices.'