Car insurance rates in the U.S. are skyrocketing, causing the average driver to pay more than $2,000 a year in premiums, according to Bankrate.com. NBC News’ Miguel Almaguer has more details on what people can do to keep costs in check.
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#NBCNews #Car #Insurance
We are all going to be living on the streets soon.
Yes. I have my camping gear ready.
Allstate went up $40. Switched to Statefarm asap.
I live in Mexico and full coverage for me, 34 year old male with a new 21,000 dollar car, 600 dlls a year for te best posible coverage. Why is it so expensive in the US?
Greed
Good thing I have Usaa!
It is all about greed for everyone big companies and corporations.
NBC News DOGECOIN!
Insurance companies are thieves, period!
Insurance companies want their money back from WFH people
Oh please these insurance companies have billions but they cry wolf what bs
“Inflation we saw in 2022” it’s not just a 2022 thing this ruined our economy and probably won’t be back to normal for years. Blame Biden
Insurance is a big scam
Big corporations keep making more money while citizens keep making less
People should ban together and sue all of these worthless thieves for all they got.
Had a parking lot fender bender and state farm doubled my insurance premium after 12 years of being a good customer with no accidents 🤬😡 i said goodbye to my SF agent and switched to progressive saving $155 a month !!
State farm is cheap until you tell them anything… told them I hit a pothole and bent my wheel and they didn’t do anything about it but gladly slapped it on my record to increase my insurance.
dude how is that guy spending 800 a month on insurance?
He said he drives almost 40K per year which is 4 times above the national average so he’s a much bigger risk. The more time spent driving, the higher the risk of getting into an accident.
Here’s an idea where you don’t have to pay for insurance drive a early 1970 Ford Pinto now that’s one car that the insurance companies will not insure.
The problem is if you are at fault for the accident. Then you would have to pay for the other vehicle to be fixed which on average would be way more expensive than if you just had the minimum coverage.
supply chain issue causes rate to rise, like eggs etc etc
Lol didn’t realize Insurance was in short supply…
Car insurance has always been a huge scam; you have to have it and they can charge whatever they want with any excuses they can come up with. Plus, they all form a monopoly to make sure they are all ripping us off unilaterally bad and greedy.
Oh yes that’s great advice. Lower your coverage. Most accident i see, they already don’t have enough coverage to cover the accidents, but sure go lower them more so you can even more screwed later on >.>
Everyone is just taking advantage of the situation it’s all bs
Mine went from 150 to 208 for my wife and I’s car, no tickets, no accidents, nothing lol. Ive heard much worse but still annoying
If I had government cronies forcing my customers to buy my products I’d raise my prices too. They can charge what ever they want and you have to pay them. Oh and the war in Ukraine is always to blame for everything including this.
Get a bike 🚲.
They can’t do anything if we all don’t pay it
Rates are climbing because they see the average American being robbed from every direction so they might as well rob them too.
Because you are not supposed to be driving yourself anymore !!!
As someone who works in the insurance industry, it’s the sh*tty repair shops to blame
Mhm….
How do you explain that with supply and demand as a reason for inflation? It’s not!! It’s the federal reserve printing trillions of dollars causing this.
Have a strike. Nobody pays insurance anymore until all the insurance companies lower their rates or else they go bankrupt. What will they do cancel all our insurance policies? 🤣💨
No, fill up all the prisons.
They have cloud 🌧️ insurance as well if u would like
“So, Bill…. we attack tomorrow.”
If you have a national insurance company, look at a state insurance company. Geico, Progressive, All State, etc. are all national insurance companies. A natural disaster or increased crime rates in another part of the country will cause your rates to go up.
Between inflation everywhere and now this. People are gonna hit a point where they just start rioting. If they want society to collapse, this is a good way to get the ball rolling.
Lol, my insurance rate went down instead. It used to be 150 and now it is $94. Nothing change. Full coverage, low deductible.
Helps to check your driving record sometimes. I had a claim not at fault (my car was side swiped entirely in a hit and run) and Progressive sent me a letter showing 0% at fault however, my dmv record shows I hit something in that claim which is incorrect.
Nothing new I was in a same situation, hit and run.. without even my fault, my insurance went up and it was in my record.
I had them as well, I needed a tow when I hit something on the highway but later I cancelled the tow since it never arrived, they have on file that I hit someone and there was a payout. Disputed it with reporting agency and got it removed
Nationwide did that to me. I had 3 at-fault accident claims appear on their computer, when I have 0.
The insurance prices weren’t this high until Biden took office- TRUMP 2024🇺🇸
Yessssir from nyc
every service is weaseling money out of us right now. from power to food to this bullcrap insurance
Geico pay 140 last year this year 220
I have a tesla paid 150 for a 21 model 3 performance. Totally my fault but I paused my card and i had no insurance for two weeks.. due to no payment. Which is understandable..tho I went to sign up again and it’s now 240!!!
Insurance rates going up because of theft stolen cars. insurance company has to raise out rates to pay the claims for stolen cars
raise insurance for those who voted for biden
This is to remove more cars from the road in general I think.
I wonder if insurance for ICE vehicles will eventually be higher than equivalent EV vehicles?
Kids that don’t care. Only want to go joyriding. Is misappropriating their future.
Man what’s the point of living now?
Don’t go there.
Be careful Miguel NBC may suspend u for this accurate news report as well…
i pay around 600$ every 6 months just for liability coverage (no full coverage). no tickets but i had one accident 5 years ago
I pay 60 a month for my 97 Honda civic lol
I actually pay less than usual because of Tesla Insurance, which calculates based on how safe you drive instead of current conditions.
Time to cap car insurance profits with windfall profit taxes on them and much more viabrant state control over rates.
Here’s what a car insurance owner and close friend in Miami told me. I asked him why my insurance had skyrocketed in the last 4 years or so being someone who’s driven for 40 years, never getting a ticket and never having an accident in those 40 years.
He told me first and foremost, state standards for getting a drivers license are all “child like.” That in most states, the written test standard is for people around 8 years of age. Additionally, most states no longer require a person to demonstrate, in an actual car, they know how to fully control an automobile, like parallel parking for one.
Second, most cities and towns no longer enforce traffic laws for the most part. That cops are specifically told not to give out tickets past a certain threshold no matter how bad the traffic infraction so the roads have become the Wild West. That losing a license needs to become much easier for infractions. That a handful, about 7 – 10% of terrible drivers cause most accidents. And that rates are calculated incorrectly. I.e. in Miami, US born citizens have decades upon decades of experience driving on US roads while most Latin American immigrants have less than a year to four years.
He told me that around 400,000 Miami residence drive without a license and most of those have no insurance making everyone else cover their cost. The cops don’t catch them because they don’t stop anyone anymore. And, that driving without a license needs to become a mandatory jail sentence offense along with driving without insurance.
“The problem Ron, is where you live, the type of people that live there and that the authorities have turned a blind eye to traffic enforcement because they don’t want to spend the money in courts. Spending that money would force taxes up, especially property taxes, income taxes and sales taxes. Which in turn, makes these cities and states less attractive to business and future residence. What they don’t realize, is the individual will pay far more in other ways outside of taxes. One way or another, the money has to come from somewhere. So governments like Florida make you pay insane prices for insurance, government fees, tolls and everything else they can nickle and dime you with. That’s the Real problem Ron!”
He really laid it all out in black amd white. The entire car insurance industry needs a complete federal and state overhaul from top to bottom. These prices are unsustainable for the entire country.
Whats the percentage of cell phone usage while driving. Enough for lawyers to go after the phone records for every negligent accident
America is just one big capitalist scam.
Insurance is a scam.
Stop buying new cars
Insurance is a racket!!
Insurance just doubles the car payment now. They are a scam that needs limits
in some states your credit rating affects your insurance rates
WEAK FOOLISH SLAVES (AMERICANS CITIZENS)
And yall refuse to pay the people any more. This country is grand
Insurance companies don’t give their clients what they deserve and need as is…. Especially Minorities and what THEY consider white trash … They rather pay the other sides attorneys off to help them delay delay delay then get you to take a lowball settlement , To then alternately put you off on Social Security … And for those that don’t fall for the con-game they might give you crumbs between delays and then offer a low-ball settlement… Knowing that a Judge will most likely side with them after all that time due to stereotyping, bias and flat out racism … Besides Society is trained to keep people in there class and category …
Why would anybody re-elect politicians that ALLOW price gouging by these corporations to go on…. Kinda makes you wonder who really running the show
It’s because we need to insure ourselves against the uninsured liberals.
All insurance companies need to be legislated to pay back a percentage of annual premiums to drivers whom do not file a claim annually.
Then they’ll just raise their annual premium by, say, $100, and pay you back $80. For being a safe driver.
Look at the average cost of these new vehicles. How many $70k+ trucks and SUVs do you see on the road these days vs even 5 years ago? Not saying its right, I’m also not happy about it but I’m honestly not surprised either.
Hey if the State mandates insurance, the State should regulate the prices.
I stopped driving for 2 years cause insurance was so high for a 20 year old vehicle then I decided to get back on the road and it was even higher I basically can’t drive cause insurance is so high its completely ridiculous
I pay for insurance 2 month than let it expire than wait till the dmv in CA sends me a letter
Another thing alot of insurance scams my neighbors live on it
Good, hopefully it’ll discourage people from driving.
The alternative is wait 30 mins for a crowded bus. Why would you do that to yourself?
It is because of greed, period!
Soaring you say? You mean to tell us will every blue state in America refusing to prosecute car theft that the insurance agencies were forced to raise rates to historic levels. Shocking. Didn’t see that one coming. 🤓
If we all stopped paying insurance what would they do?
If we all stopped paying insurance what would they do?😂
Life is hard
Nobody in Texas has car insurance 😂😂
Wow it’s almost like we need walkable transit-oriented cities where car ownership is not a requirement to participate in society
Car insurance. What a scam. The biggest waste of money. Why pay for it when its not being used. Shouldnt companies fight for you as a customer when you have a wreck?
Better get that cheap liability
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My car insurance dropped by $5.
Insurance companies are ripping people off. I have no accident or tickets for 20 years but my bill keep going up for no reason.
Highway robbery is what it is.
I switched insurance companies and cut my rates by 75%.
I don’t drive but lowing insurance would help. Or just giving back to your customers a check or money if they haven’t gotten in to a accident in that month. Rent need to be free or lowered drastically.
They should take away insurance
Fake inflations of the greedy mind
Welcome to Bidenflation
“FAMILIES SHOULDN’T FALL BEFORE THE FIREWALL PERIMETER…π
But yet the insurance companies do not want to pay out when time comes for something happens
Everyone needs to band together and just drop their car insurance.
Your liberal elected representatives are a part of the reason your insurance is high, since they don’t chase car thieves or really do much for any car crime.
We are living in some crazy times, Everything is getting more expensive
Yep. That’s what happens when you vote for democrats who have no clue what they are doing.
Can’t remember life being this bad under trump!
0:05 Urus
I started off paying $117 a month. Now I pay $196 a month.
Is there really nothing else to do but accept all this?
May be because people drive like idiots.
Everything’s price is skyrocketing, because of your lackluster basement dweller president. But you hold that party line and keep lying that there’s no massive inflation or we are in a recession NBC. Funny you won’t tell your viewers how to really lower costs and inflation. You could easily do these things by electing a conservative, ha!
Another form of fraud. If u don’t get into any accident for 10years, they still keep your money.
Mine went up almost 60% and for what?? No tickets, no accidents, no claims! There oughta be a law..
Give thanks to Biden
That’s why I don’t get insurance. If someone gets hit their insurance pays for it 😉 life hacks