wsgroups: sci.electronics.design
From <https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced his coverage"
$5K/yr for *car* insurance??? WTF!
On 9/14/2023 10:52 AM, Ralph Mowery wrote:
In article <udtumj$2g86p$1...@dont-email.me>, blocked...@foo.invalid says...
wsgroups: sci.electronics.design
From
<https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced
his coverage"
$5K/yr for *car* insurance??? WTF!
Many insurance companies are pulling out of Florida and some otherI was aware of that wrt homeowners insurance, but hadn't thought
places because of natural dieasters..
it had spilled over into auto.
And, the policy cited (above) was in MD... not really known for
"natural disasters".
I think there are some (legal?) barriers that isolate
different business units from sharing their losses
with other, "related" units (i.e., car vs. auto) -- but
that may vary based on state (as insurance is often
a regulated industry).
Regardless, $13/day just for the privilege of OWNING a
vehicle seems outrageous...
Others have to charge very high rates to make a profit.
From <https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced his coverage"
$5K/yr for *car* insurance??? WTF!
In article <udtumj$2g86p$1@dont-email.me>, blockedofcourse@foo.invalid says...
wsgroups: sci.electronics.design
From
<https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced >> his coverage"
$5K/yr for *car* insurance??? WTF!
Many insurance companies are pulling out of Florida and some other
places because of natural dieasters..
Others have to charge very high rates to make a profit.
On 9/14/2023 10:52 AM, Ralph Mowery wrote:
In article <udtumj$2g86p$1...@dont-email.me>, blocked...@foo.invalid says...
wsgroups: sci.electronics.design
From
<https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced
his coverage"
$5K/yr for *car* insurance??? WTF!
Many insurance companies are pulling out of Florida and some otherI was aware of that wrt homeowners insurance, but hadn't thought
places because of natural dieasters..
it had spilled over into auto.
And, the policy cited (above) was in MD... not really known for
"natural disasters".
I think there are some (legal?) barriers that isolate
different business units from sharing their losses
with other, "related" units (i.e., car vs. auto) -- but
that may vary based on state (as insurance is often
a regulated industry).
Regardless, $13/day just for the privilege of OWNING a
vehicle seems outrageous...
On Thursday, September 14, 2023 at 12:32:10 PM UTC-7, Don Y wrote:
On 9/14/2023 10:52 AM, Ralph Mowery wrote:
In article <udtumj$2g86p$1...@dont-email.me>, blocked...@foo.invalidI was aware of that wrt homeowners insurance, but hadn't thought
says...
wsgroups: sci.electronics.design
From
<https://www.cnn.com/2023/09/13/business/inflation-car-insurance-rate-increases/index.html>:
"That would have pushed his monthly rate up to around $420 unless he reduced
his coverage"
$5K/yr for *car* insurance??? WTF!
Many insurance companies are pulling out of Florida and some other
places because of natural dieasters..
it had spilled over into auto.
And, the policy cited (above) was in MD... not really known for
"natural disasters".
I think there are some (legal?) barriers that isolate
different business units from sharing their losses
with other, "related" units (i.e., car vs. auto) -- but
that may vary based on state (as insurance is often
a regulated industry).
Regardless, $13/day just for the privilege of OWNING a
vehicle seems outrageous...
Others have to charge very high rates to make a profit.
Cheaper if you carry liability only. That's why I never buy expensive car.
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