- Results 1 to 11 of 11
08-17-2024, 04:02 PM
#1
California car insurance expected to jump 54%
Car insurance in Democrat-run California is expected to rise 54 percent by the end of 2024, according to a report from the insurance tracking website Insurify.
For drivers across the nation, the price tag for full coverage rose 28 percent between June 2023 and June 2024, the site noted on Sunday. However, it added that “drivers in some states are seeing year-over-year rate hikes of more than 50%.”
Reasons for the skyrocketing rates include weather, car thefts, and legislative changes. The Insurify article continued:
Additionally, California is increasing its minimum car insurance requirements to bring them in line with other states. California governor Gavin Newsom signed Senate Bill 1107 into law in late 2022, doubling and, in some cases, tripling the liability limits for auto insurance policies. The change goes into effect Jan. 1, 2025.
This means California residents will see even higher premiums next year, albeit with higher protection limits as well. The higher limits will prevent more drivers from going into debt after a car accident, but since it increases the financial burden on insurers, they will raise rates to match the new requirements.
Root Insurance CEO Alex Timm told Yahoo Finance in May that inflation was causing car insurance to rise in price, and many American households were struggling with the cost.
And this is from increase parts; parts are costing more. We’re definitely seeing more technology inside of vehicles, and that technology is certainly more expensive to actually repair. So, all of those things are really driving up costs,” he explained:
The news comes as car insurance across the nation has jumped 54.3 percent, according to the U.S. Bureau of Labor Statistics, Breitbart News reported Thursday. The outlet also pointed to the fact that drivers are taking a financial hit due to President Joe Biden and Vice President Kamala Harris’s economic policies.
For drivers across the nation, the price tag for full coverage rose 28 percent between June 2023 and June 2024, the site noted on Sunday. However, it added that “drivers in some states are seeing year-over-year rate hikes of more than 50%.”
Reasons for the skyrocketing rates include weather, car thefts, and legislative changes. The Insurify article continued:
Additionally, California is increasing its minimum car insurance requirements to bring them in line with other states. California governor Gavin Newsom signed Senate Bill 1107 into law in late 2022, doubling and, in some cases, tripling the liability limits for auto insurance policies. The change goes into effect Jan. 1, 2025.
This means California residents will see even higher premiums next year, albeit with higher protection limits as well. The higher limits will prevent more drivers from going into debt after a car accident, but since it increases the financial burden on insurers, they will raise rates to match the new requirements.
Root Insurance CEO Alex Timm told Yahoo Finance in May that inflation was causing car insurance to rise in price, and many American households were struggling with the cost.
And this is from increase parts; parts are costing more. We’re definitely seeing more technology inside of vehicles, and that technology is certainly more expensive to actually repair. So, all of those things are really driving up costs,” he explained:
The news comes as car insurance across the nation has jumped 54.3 percent, according to the U.S. Bureau of Labor Statistics, Breitbart News reported Thursday. The outlet also pointed to the fact that drivers are taking a financial hit due to President Joe Biden and Vice President Kamala Harris’s economic policies.
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08-17-2024, 04:05 PM
#2
You do not need to ban cars
Just make it impossible for normal people to afford them
Make them expensive, jack the interest rate, jack the insurance rate, take away parking spots for bike lanes, force electric cars for control.
After the norms cant afford to drive and as stuffed into public transportation the elites can drive freely
Just make it impossible for normal people to afford them
Make them expensive, jack the interest rate, jack the insurance rate, take away parking spots for bike lanes, force electric cars for control.
After the norms cant afford to drive and as stuffed into public transportation the elites can drive freely
**Black out tape over all laptop/cell phone cameras so gov cant spy on me fapping crew**
08-17-2024, 04:11 PM
#3
Coincel
Florida crew (lol at coldcels)
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08-17-2024, 04:11 PM
#4
You did it Newsom! Vote blue no matter who! Things have never been better!
08-17-2024, 04:20 PM
#5
governor NewScum at it again
What comes around comes around
I want to believe
- imbored205
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- imbored205
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08-17-2024, 04:23 PM
#6
Surprised its as low as it is still
Drivers are psychotic now compared to pre-covid
Drivers are psychotic now compared to pre-covid
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
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08-17-2024, 04:45 PM
#7
Originally Posted By helpmee⏩
You do not need to ban cars
Just make it impossible for normal people to afford them
Make them expensive, jack the interest rate, jack the insurance rate, take away parking spots for bike lanes, force electric cars for control.
After the norms cant afford to drive and as stuffed into public transportation the elites can drive freely
Just make it impossible for normal people to afford them
Make them expensive, jack the interest rate, jack the insurance rate, take away parking spots for bike lanes, force electric cars for control.
After the norms cant afford to drive and as stuffed into public transportation the elites can drive freely
Das it mane.
- TASTEROFPUPPETS
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08-17-2024, 04:50 PM
#8
**** newsom !!!
MR.PHF '09
“Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.”- Don Quixote
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'Cause I went from negative to positive
And it's all Good…"
"Friends come and go but Enemies Accumulate"
"Zero tolerance Crew" ZERO, NADA !!!!
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08-17-2024, 05:22 PM
#9
California is for rich people so no big deal
- IPoopStandingUp
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08-17-2024, 05:25 PM
#10
Just received my insurance renewal today, and it's gone from $500 to $950 every 6 months over the last 3 years. I did get one speeding ticket, but that's probably only like a $100 increase. The rest is inflation.
- OliverHeldens
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08-18-2024, 04:07 PM
#11
Originally Posted By IPoopStandingUp⏩
Except all the rich people are leaving now. YOU DID IT NEWSOM!
California is for rich people so no big deal
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