My insurance bill is higher per month than my monthly payment on my car is. This is after shopping around for insurance.
What’s unusual about that? My insurance is infinitely higher (I own my cars outright).
Because I live in a shit no fault state. 0 accidents, 1 ticket in 20 years. (Fuck Ohio.) My insurance should be cheap. It’s not though because they scale what I pay off everyone else.
Yeah I’m in Ohio also - 0 accidents, 1 ticket in 20 years. And I’ll be adding a 2nd teenager to our coverage this year. Ugh.
Hmm, it’s almost like we should focus considerably more on simple vehicles instead of complex subscription shit boxes that we have, to cut down cost of manufacturing/materials/parts/labour and now insurance…no big money in that though.
Or you know …public transport is also pretty damn good option over any of this. Something drastic would have to change for trains/buses/etc to become commonplace in NA though, at least in some EU countries and a few other countries in the world there’s a bit of hope.
In the US, electric vehicles are only affordable for wealthy drivers. In China, they are building cheap electric cars, like $16,000 cheap. But tarrifs to protect our stagnant auto industry will keep these cars out.
It’s maddening isn’t it, and probably not that different between US and Canada.
I don’t think you even need to go as far as China to see autoindustryasshattery in effect, just look at our Southern neighbors in Mexico who aren’t getting fair share on the produced vehicles while parent companies/dealerships reap profits, but that’s probably a different conversation altogether…I mean something is seriously fucking wrong when a car dealer is also one of the biggest grocery chains and god knows what else (that one is Canada, not US)
In the US, electric vehicles are only affordable for wealthy drivers.
Here’s 14 used EVs for under 5k. Yeah, they’re not the greatest whizbang self driving blah blah blah, but I put almost 100k miles on a 2011 Leaf and had little issue with it, and my kid is still driving it to this day. It’s all you need if you’re just running around town doing errands. Rent something for long trips.
My rates jumped quite a bit too and I’m 36 years old. Two vehicles and a house. Zero tickets and accidents on top of that.
Last few years we were paying ~ 2k a year for home and auto with two cars. We’re both in the 40-50 age range with perfectly clean driving records.
Last year it jumped to 3600 (we use a broker) and we shopped around and it was still the cheapest plan. Our agent said it’s because all the COVID relief/incentives expired. Funny how that never came up in conversation or was ever reflected in a bill.
The Insurance industry has realized how hard it is to prove collusion.
TL;DR: A bunch of dumbasses forgot how to drive during the pandemic, so now accidents are up and so is insurance.
