patrick.net
An Antidote to Corporate Media
1,192,547 comments by 13,871 users - askmeaboutthesaltporkcure, B.A.C.A.H., Blue, Ceffer, WookieMan online now
invite responseComments 1 - 10 of 10 Search these comments
Tenpoundbass
2016 Jun 7, 12:15pm
I'll drive my cars right to the dealer, both of them, I just signed the leases last month. I would drive right up and drop the keys off and say have a nice day.
I could go another 7 years without needing credit.
I'm done being jerked around by the Insurance industry, if everyone wasn't so willing to lie on the ground with their pants around their knees face first in the mud, they wouldn't pull this bull.
Then they brag about the percent of Fraud they let organized Crime get away with, as they beam with great pride to use it as an excuse to raise rates even more.
Also while they cry poor mouth, they have no problem paying out tens of millions per executive in bonuses.
My house will be paid off next year. Now the insurance company is sending me letters asking me to call them on how to lower my rate. They know this time next year, I'll cut them the last check they will ever see again from my house.
I would have no problem drivng my car to the dealer tossing the keys in the lobby and walking home. It's not an asset I care to pay off to get out being ripped off by the insurance company.
Tenpoundbass
2016 Jun 7, 12:17pm
There would be more people like me, which means less new cars will be sold.
So that means what ever is going for about $20K the base starting price for a new car. Will have to scale to $30K maybe $35K, to make up in loss sales.
This genergation is just stupid.
Unregulated free enterprise, ECONOMIC ILLITERATES!
They probably complain about health insurance cost.
ANUS BRAINS!
Overpay for products or services = Supply side economics?
Excess cost will trickle back down. STFU!
Tenpoundbass
2016 Jun 7, 2:30pm
Hey You there's thing the adults do it's called working and paying Bills.
They get a little cranky pants when LIberals dream up new ways to extort money from them.
It's good to know that not any Rep/Con/Teas are invested in these insurance companies to increase profits.
FNWGMOBDVZXDNW
2016 Jun 7, 2:47pm
Did Obama have something to do with that too, just like Obamacare?
Yes asshole. This is a direct result of Obamacare. Isn't it obvious?
Ask the residents of Georgia
Good....people here drive like shit. Never seen more accidents in any place I lived in my life. New Jersey has always had high auto insurance rates (the highest), but I would argue that people who live in the Atlanta metro area should own that title.
On average Jersey and NY drivers are aggressive but alert; drivers in Atlanta on average are inattentive and many people text and drive. It is illegal but I haven't seen any evidence of prosecution or issuing of heavy fines to date. Coupled with horrible roads that make I-287 look good, it's a recipe for disaster. I consider myself lucky to have never been in an accident here.
Y
2017 May 7, 6:58am
Time to offer levels of insurance as far as car repairs go.
basic coverage fixes the car to get you from point A to point B legally.
Optional riders to cover the fancy shit installed these days.
Safety tech makes more wrecks too expensive to fix
Y
2017 May 7, 6:59am
Everything else purchased is now broken down into a million level of options, why not insurance?
Are higher car insurance rates coming? Ask the residents of Georgia, where Allstate Property & Casualty Insurance has just raised some auto premiums by 58 percent.
The Good Hands People have claimed that's an extreme case, but it doesn't deny that nearly half its Georgia customers will pay an average of 25 percent more to drive their cars, a rate hike that left the state's insurance commissioner, Ralph Hudgens, so frustrated that he launched an investigation by an independent actuarial firm.
But since Georgia is a "file and use" state, this means all an automotive insurer has to do is file the rate hike with the state's insurance department, and it goes into effect, in this case on May 22.
Georgia's situation is far from unique, and it may be the "canary in the coal mine" as far as auto insurance rate hikes are concerned. April saw the biggest premium increase year-over-year since 2003, as prices rose 6 percent that month, according to Consumer Price Index monthly data.
Allstate spokesman Adam Polak said his company was "cooperating with the Georgia investigation" and said that only a few customers faced a 58 percent hike.
Among the reasons: "More people are driving, lower gas prices and higher speed limits," explained Robert Hartwig, president of the Insurance Information Institute (III), a lobbying group for the property-casualty insurance industry.
Another factor is that auto insurers' profitability has been falling for a decade. Loss ratios for insurers have been rising for 10 years, according to the III's Hartwig. In flush times when interest rates are high, insurers can make this up from their vast investment portfolios. But the 2015 return on their net worth is likely close to zero -- or even negative.
Georgia seems to be a special case, and perhaps even a test case. In many not-so-insurance-friendly states like California, rate increases have to go through "prior approval," which in some instances requires a hearing before the state insurance commissioner. Georgia has made the process easier to get more car insurers to offer coverage in the state.
GEICO, the second-largest domestic car insurer, has said in federal filings that it would be "implementing rate increases." The American Automobile Association (AAA) said in April that the premium for a married middle-age man with a good driving record had risen 10 percent in the last year.
http://www.cbsnews.com/news/buckle-up-car-insurance-rates-are-set-to-soar/
#economics #insurance #automobiles