Here we go again! The insurance companies are now going to raise rates if the consumer with small cars and the people who can afford it the least.
Who is running these companies anyway? They push the auto manufacturers to make safer cars.They conform and now the companies are saying the cars aren;t safe that we should be driving the big gass guzzlers? I mean what gives here.Can these guys make their minds up.It’s no wonder they keep increasing rates because of mismanagement of money.
When will this madness stop?
You figure insurance companies get AT LEAST a minimum of $1k per household of the residents of this country.
Families with 2 children are paying more than 4 times that.
I really wish I could be one of the people figuring out these statistics.
It takes a real freakin genious to figure this stuff out.
Small car,more damage,more and severe injuries.Front end hits are more prevalent than rear end hits.Lexus parts cost more than Honda.I could go on and on.
I’d rather be broad sided in a full size four door full frame pickup than a Honda Fit!This is a no brainer.
Just another desperate action by insurance companies to pry more money from the public’s pockets.
There are several additional factors that weigh on the premiums. The fact that fuel prices have increased has indeed resulted in a decrease in miles driven which in theory sounds like it would decrease overall risk and therefor decrease premiums….not the case….
As the fuel prices increase so do the cost to replace petrolium based auto parts…anything plastic.
The higher fuel prices are putting a tighter pinch on consumer’s wallets and the claim that that insured would have retained 1 or 2 years ago will now be submitted.
The higher fuel prices are leading to increases in car-pooling. So now instead of a single person being injured in a 1 car auto accident, there is a risk of up to 5 or more people being injured in that same accident.
Hope this makes you feel better about paying your monthly auto insurance installment.
What, no comments from the Greedy Insurance Company Gang about how companies are ripping off consumers for not dropping rates the day after average miles driven by average drivers is reported? Where’s Robert Hunter’s self-serving commentary?
I have a feeling that these numbers will become irrelevant.
1. A study just came out that the number of fatalities this year will be the lowest since the early 1960s.
2. I am guessing that the higher cost is due to the lighter cars being steamrolled by the heavy cars/suvs. If a true reduction of the number of those heavy cars on the road happens, then the cost will go down as the number of light car/heavy car accidents decrease.
What Ms. Sprinkle fails to comment upon is how many of those lighter-weight vehicles that incurred significant property/bodily injury damage were involved in an accident with those larger vehicles that received less damage. As more and more gass guzzlers are removed from the roads, I would suspect it will have a positive impact on the little guys.
I agree with “Not enough info” and “Not sure about these numbers”. We also need to know the number of those large vehicle accidents per million miles driven compared to the number of smaller vehicle accidents per million miles driver.
and they should be cautioned against making any causal links between the drop in miles driven, lighter vehicles, speed limits…it is far too early to tell but people love to speculate and make assumptions before all the data is in and interpreted; you know the drill about lies, damned lies and statistics…..:-)
Like the previous posters state, this seems contradictory to the article the other day about costs going down because of mileage driven, etc. Maybe the Missouri attitude of “Wait and see” might help, tempered with some common sense (whoops, sorry).
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Here we go again! The insurance companies are now going to raise rates if the consumer with small cars and the people who can afford it the least.
Who is running these companies anyway? They push the auto manufacturers to make safer cars.They conform and now the companies are saying the cars aren;t safe that we should be driving the big gass guzzlers? I mean what gives here.Can these guys make their minds up.It’s no wonder they keep increasing rates because of mismanagement of money.
When will this madness stop?
You figure insurance companies get AT LEAST a minimum of $1k per household of the residents of this country.
Families with 2 children are paying more than 4 times that.
I really wish I could be one of the people figuring out these statistics.
It takes a real freakin genious to figure this stuff out.
Small car,more damage,more and severe injuries.Front end hits are more prevalent than rear end hits.Lexus parts cost more than Honda.I could go on and on.
I’d rather be broad sided in a full size four door full frame pickup than a Honda Fit!This is a no brainer.
Just another desperate action by insurance companies to pry more money from the public’s pockets.
There are several additional factors that weigh on the premiums. The fact that fuel prices have increased has indeed resulted in a decrease in miles driven which in theory sounds like it would decrease overall risk and therefor decrease premiums….not the case….
As the fuel prices increase so do the cost to replace petrolium based auto parts…anything plastic.
The higher fuel prices are putting a tighter pinch on consumer’s wallets and the claim that that insured would have retained 1 or 2 years ago will now be submitted.
The higher fuel prices are leading to increases in car-pooling. So now instead of a single person being injured in a 1 car auto accident, there is a risk of up to 5 or more people being injured in that same accident.
Hope this makes you feel better about paying your monthly auto insurance installment.
What, no comments from the Greedy Insurance Company Gang about how companies are ripping off consumers for not dropping rates the day after average miles driven by average drivers is reported? Where’s Robert Hunter’s self-serving commentary?
Thanks for another side to the story IJ.
I have a feeling that these numbers will become irrelevant.
1. A study just came out that the number of fatalities this year will be the lowest since the early 1960s.
2. I am guessing that the higher cost is due to the lighter cars being steamrolled by the heavy cars/suvs. If a true reduction of the number of those heavy cars on the road happens, then the cost will go down as the number of light car/heavy car accidents decrease.
Time will tell.
What Ms. Sprinkle fails to comment upon is how many of those lighter-weight vehicles that incurred significant property/bodily injury damage were involved in an accident with those larger vehicles that received less damage. As more and more gass guzzlers are removed from the roads, I would suspect it will have a positive impact on the little guys.
I agree with “Not enough info” and “Not sure about these numbers”. We also need to know the number of those large vehicle accidents per million miles driven compared to the number of smaller vehicle accidents per million miles driver.
and they should be cautioned against making any causal links between the drop in miles driven, lighter vehicles, speed limits…it is far too early to tell but people love to speculate and make assumptions before all the data is in and interpreted; you know the drill about lies, damned lies and statistics…..:-)
Like the previous posters state, this seems contradictory to the article the other day about costs going down because of mileage driven, etc. Maybe the Missouri attitude of “Wait and see” might help, tempered with some common sense (whoops, sorry).
Any new development raises insurance rates, get used to it. As long as there are sue happy attorneys rates will go nowhere but up.