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Reading: Why are auto insurance coverage charges going up a lot? – Indignant Bear
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Economy

Why are auto insurance coverage charges going up a lot? – Indignant Bear

Editorial Board
Editorial Board Published September 19, 2024
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Joel Eissenberg | September 18, 2024 9:33 am


Kevin Drum has a brief piece on the latest surge in auto insurance coverage charges. He doesn’t supply any rationalization in his publish, however the remark thread has ideas:

• a mixture of enhance in dangerous driving and lack of enforcement;

• fender benders are far more expensive since all of the self-driving gear in addition to lane alerts, again up and blind spot cameras, and so on., are within the bumpers, windshields and facet view mirrors;

• the elevated variety of EVs on the highway, which some commenters assert are costlier to restore;

• elevated injury on account of local weather change (fires, floods).

Commenters notice that insurance coverage charges have additionally surged in Canada and Germany, so it’s apparently not only a US factor.

Talk about.

Explaining the surge in auto insurance coverage charges

TAGGED:AngryAutoBearinsurancerates
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