Insurance companies are always shifting gears and bailing on risk markets. Maybe they think the DEWs are back and will be phasering a few more California suburban cities like Santa Rosa and Paradise for redevelopers and 15 minute cities (prison ghettos).
I think State Farm left once before then came back later when risk assessments changed.
Californians, brace for another bill increase: your car insurance
Some California drivers will be getting a nasty surprise when they open their car insurance bills this year.
That’s because California Insurance Commissioner Ricardo Lara approved some big rate hikes in the last six months, ending a long COVID break after insurance companies complained they were losing money and cutting back in the nation’s largest vehicle market. Higher rates for Geico, Mercury and others are just now showing up in insurance renewal letters that customers receive.
And more increases are in the pipeline, consumer advocates say, even as some insurers have yet to refund customers for premium overcharges during the early months of the pandemic when people were driving less and getting into fewer accidents.
Californians are paying an average of $2,291 in car insurance premiums this year, up $101 from 2022, according to a Bankrate analysis that found premiums rising nationwide as people drive more miles, drive less safely and wreck increasingly expensive cars.
patrick.net
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