Reply to Driving in MD becoming unaffordable?

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Reply to "Driving in MD becoming unaffordable?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's unaffordable because of so many unlicensed and uninsured drivers on the road [/quote]

Maybe. Someone hit a family member and gave her a fake DL and insurance card. But homeowners insurance is also insane right now, so that can’t explain it all. I think it’s just greediness. [/quote]

It's all of the claims the companies have had in last 5+ years.  Hurricanes, fires and floods are expensive.  That is why it's damn near impossible to get home insurance in Florida and rates have skyrocketed in fire prone areas.  Insurance companies are in business to make money, if they are loosing money due to claims they have not choice but to raise rates.

Yes some is greed (execs get paid a lot), but majority is the vast increase in catastrophic claims due to natural disasters.

[/quote]

No, your auto insurance rate isn't impacted by rising home insurance claims. They're separate risk pools. Insurance companies don't make money from just excess premium payments versus payout. They make money by investing the majority of the premiums. [/quote]

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