Reply to anyone else feel like they're getting completely broken in 2025?

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Reply to "anyone else feel like they're getting completely broken in 2025?"

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[quote=Anonymous][quote=Anonymous]Insurance is killing us, particularly car and homeowners. I feel like the car is because police and the prosecutors aren’t prosecuting car thefts. [/quote]

Not particularly. The truth is a lot less satisfying politically.

Accidents are way up since COVID because people forgot how to drive, medical costs are up, and extreme weather events (floods, fires, extreme storms) are also up. The cost of cars went way up and hasn’t come back down. Newer cars are ridiculously expensive to repair with all of their airbags and sensors. The costs of the average claim have gone up, and there are more of them, meaning the companies need to take in more premiums to cover them.

Factor in increased overhead from wages that have gone up at every level and the need to restore balance sheets from prior years and protect against future shortages, and there you go. A recipe for rate increases.

It’s always worth shopping around but you have to do it every year. The insurance company banks on you being lazy.  [/quote]

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