Why Car Insurance Rates Are Skyrocketing In The U.S.

1. Drivewise and other tracking programs are another racket to drive up your premium. Stay away from them. Also, what the f*&k does my credit score have to do with my driving record and and premium cost?

2. INFLATION! everything take more dollars! there's nothing wrong with anything BUT the dollar is worth less and now requires more of them and the wages haven't changed in order to try to correct the inflation.

3. Thai has got to stop. I pay $4770.00 for six months ($795.00 per month) for three cars and 3 drivers. All three cars are 10 years old or older. Insurance is a F*&ing racket.

4. A lot of these people complaining in the comments are the same ones that went out and bought an expensive 100k luxury vehicle with a salary that they don’t have.

5. Drive only old cars. Problem solved!

6. I have never been in a car accident and they still raise my rates. If it's madated by law, they will walk all over you just like any company would in that position

7. Insurance costs so much because the government forces you to buy it. If they actually had to provide a product people wanted to buy, the industry would look a lot different.

8. They basically charge whatever they want because insurance is required by law
   Some states will actually impound your car if you don't have insurance
   Big ticket just for not having proof of insurance even if you have insurance you have to have the proof of it in your car or you will get a fine

9. greed flation we need to ban for profit insurance ITS literally extortion and racketeering …

10. 6:08 dude blaming weed old fart doesn't want to admit that the auto insurance is a scam

11. Never thought Credit score and personal profiles would be required for car insurance yet here we are.this is one messed up country . Capitalism at the core

12. Lack of driver training.
    Plus all the foreigners getting rubber stamp licenses that are not insured.

13. Heres a simple trick America we have a constitution and it doesnt say you have to pay for insurance it also doesn't say you need to pay taxes stop letting corporations and government officials to rob us

14. Psst, it's money printing. Inflation from quantitative easing.

15. As a pedestrian I can see more crazy drivers. Bicyclists have become more reckless too. In 2019 I spent 3 days in the hospital because a bicyclist came down a hill at 50 miles per hour, ran a red light and hit me in the crosswalk. I had four broken ribs, a punctured lung, a sprained neck and four spokes in my left leg and thigh. The bicyclist was thrown 40-50 feet and tumbled to a stop, ran back, kicked me where I was lying on the ground, picked up his shattered bike and ran off. A bum then tried to steal my phone and wallet while I was calling 911. The police estimated his speed from the surveillance video. They were unable to identify him, however the bum is well known to the police.

16. When self driving is fully operational there will not be any accidents and therefore zero auto insurance! They know what’s coming and they are getting all they can while they can!

17. Insurance is a scam. They’re money laundering machines. They’re greedy. Insurance should not be required. If they want it to be mandatory, then it should be nationalized.

18. This is a problem specifically caused by democrats, lousy voting, lousy policies and few for brains.

19. 640 hours are worked between 4 people under 1 roof in NJ and they're struggling. the math isn't mathing.

20. Why do you guys pull that sneaky confusing comparison at 3:35. Sick of all the lying through bad wording.

21. Just ride dirty

22. Car insurance is a scam and Americas suing culture needs to stop. Car insurance should be like medical insurance your coverage covers you and if anything happens your insurance is for you. And if you want you should be free to roll the dice.

23. My car insurance went up 30 percent last month. It has progressively go up to the point where I am paying double what I was 4 years ago. I haven't had anything on my driving record for 27 years and I have excellent credit. My car is paid for, so I guess I will have to explore cutting down on my coverage, which I don't want to do.

24. If everyone had a dash cam, rates would be lower as it would eliminate a lot of insurance fraud.

25. This is the new scam. My advice? Walk wherever you can, use delivery services that charge an annual fee for unlimited deliveries. For example, if you work from home and only use your car once or twice a week to get groceries, cancel your insurance and pay $150 a year to get free delivery. Now, how you do solve the problem of an 18 year old kid getting a car and insurance? Well good luck. Even 15-year-old pieces of crap cost more than half of a brand new car. It's insane. Save as much money as you can on EVERYTHING, people. It's not going to get any better.

26. All corporations are taking advantage of sleeping government tha don't care about it's citizens

27. Its crazy i was told by my car insurance that this 50 dollar increase is due to the increase of crashes in my State. Um hello i have no history of crashes soooo why am i paying for someone elses mistakes?

28. They make the same margin – 15% on $1k is less than 15% on 2k – double the money. It's greed.

29. It’s not risky drivers, it’s people who want to make money by filling injured claims! Something has to change in law so people don’t take advantage of insurance loopholes!

30. I’ll just add, all the illegal immigrants don’t have insurance and also cause all the rest of us to pay more. Thank you Joe Biden.

31. Full coverage insurance in Wyoming for my car is $462 for six months!😊

32. Reckless Drivers. I used to be an avid bike commuter but the roads have become utterly terrifying in the last 10 years. I thought it was my imagination, but the numbers show it's not. People aren't paying attention. It's very noticeable if you're not in a car.

33. Greed… That's it

34. YOUR CREDIT SHOULD HAVE NOTHING TO DO WITH YOUR INSURANCE RATE!!

35. More like greed is what causes the prices to go up

36. At this point, might as well not have car insurance.

37. Guys you all need to buy shares of your car insurance company also to offset the increased costs.

    If you have Progressive buy Progressive stock.

    If you have Geico then buy Berkshire stock

    If you have AllState buy All State shares

38. My motorcycle insurance also went up by 40% this year. I'm 46 with no accidents, no tickets, no claims in 10 years besides a windshield and an 816 credit score. I should be the cheapest guy in the world to insure.

39. "An area with limited public transportation" also known as >90% of the United States.

40. Take public transit. Done. You shouldn’t own a car if you can’t afford one.

41. Insurance is generally a scam car insurance is a legally required scam, I'm lucky to live in a place with a government-run car insurance agency that actually pays out claims to people even though it's expensive I know that if I get it an accident my claim will be paid out but that's only because it's not a private company I've never been able to get a claim from private insurance for anything every time they make up some loophole. If the stocks are going up it tells you pretty clearly the reason for this cost increase.

42. Car manufactures are building cars to be disposable. Repair is an afterthought. Instead paying for repairs most insurance companies would rather total your car. Parts are expensive and hard to come by. Repairs for basic items like replacing a simple O-ring or gasket sometimes calls for a complete engine out which requires 12-18 hours labor time! …..Absolutely ridiculous. Eventually when the country goes all EV, you really think insurance companies are gonna like paying for battery repairs or replacements? The whole thing is a mess.

43. So they are saying since the pandemic they lost money now they are raising because of it. Its just greed imo

44. I paid about $130 a month than they raised to $200 i cancle it

45. My insurance went up $120 a month or about 20% which is very accurate with this video

46. Insurance is a scam

47. I owned a 2015 Hyundai sonata hybrid and my rate went from $176/mo when I bought it Jan 2021 to $335/mo when I traded it in Dec ‘23. I had zero tickets, zero claims, no tracking device. And no other company would insure my vehicle if I left my policy (USAA).

    I know my personal case was because of the massive Kia/Hyundai TikTok theft surge, but in my two years of ownership I put maybe 7k miles on it and was given zero breaks by USAA.

    Now I have a ‘22 Altima and am at $176/months again for full coverage in Texas.

    Insurance as a whole is a scam. Especially medical/dental. God forbid you have a medical emergency because you’ll be paying for it for the next three years at best.

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