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Reply to "Driving in MD becoming unaffordable?"
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[quote=Anonymous]Why are MD’s car insurance rates insane? [twitter]https://x.com/GuyDealership/status/1823379294191575409?t=zOnNizPLQkPhJwBVTkjyaA&s=19[/twitter] Our 8 year old car that only cost ~$20k now costs almost $2k per year to insure. It’s absolutely insane. 8 years ago we lived in Baltimore, and even there our premiums were less than $1400. How does a car with 130k more miles that has been relocated to an area with far less crime now cost 30+% more to insure? It’s ridiculous. I can’t imagine how much higher premiums are going to be when we have to buy a new car. And how much is it eventually going to cost to insure cars costing $50k now? $5k per year at this rate? At those prices, owning a new car is an epically stupid financial decision. So many people are going o be burdened with $1000 per month car payments and $5000 per year insurance. It is highway robbery. [/quote]
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