Buckle Up for Impact: Auto Insurance Rates Going Up - What You Need to Know!

I don’t have to carry insurance on my bicycle!!!!😁😁😁😁…insurance companies are a cash cow business model!!!!

Wages need to skyrocket like everything else including record profits & stock prices!!!

My rates went up 20% with State Farm in one year; no tickets, accidents, claims. I feel like I'm paying for other people's mistakes.

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When you have a product that is a necessity by law, you can charge pretty much whatever you want. These companies raise their rates arbitrarily because they can. They count on two things: 1. That you will have brand loyalty to them and 2. If you do go to another company for a lower rate, that company will then raise its rates after 6 to 12 months, and you'll come crawling back.

My car insurance jump an extra $40 a month. That's crazy

from 700 every 6 months to 914 every 6 months here in Az.. and I have a perfect driving record keeps going up every year since 2018 .. it's all a scam always has been. They know they can do it just like gasoline when you go buy it. What are you gonna do if they raise it ,nothing

no the insurance companies are stealing from people now.

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What a scam.

Selling my 2008 car. I pay almost what the car is worth in insurance premiums. Each year. Auto crisis around the corner

All part of 2030 agenda they don't want us owning cars privately they are gonna push us into 15mins cities look it it up it's real trust me !

I could sure go for some mean tweets and cheap car insurance

AAA up also, so much for the raise on my social security. I think it's all an excuse because everyone is increasing prices.

I was paying 226 for FC on one vehicle and liability on the other with elephant. They sent me a auto draft notice saying they were gonna take out 381 and I was like WTF!!! Now I gotta spend a whole day shopping around for hopefully cheaper rate. This is insane

i used to pay $300 for 6 month but this year renewal fee $500

Yes My Progressive policy every freakin 6 months📈📈↗⏫

I just wanted to make sure I'm not being singled out. Don't feel so bad now if it's just the new normal. Still sucks though.

My car insurance has gone up rapidly after turning in my 21 lease explorer ❗ Luckily, I haven't been turned down after 1 accident 🤝

In other words, insurance companies pocketed huge savings over the pandemic while people were stuck at home but now that people are back on the road they stiff the customers with steep rate hikes.

My rates went up with no warning Geico.

I'm in Michigan with State Farm and my auto insurance jumped 20% on the last bill. I spoke with an agent that claimed it's because the auto repair industry has been charging so much more to fix vehicles. That's where those of us driving older vehicles get burned by the insurance company using "averages" to determine rates. My older vehicle doesn't have $1000 headlight/tailight assemblies, but the new vehicles do. I end up paying more because the new vehicles are so expensive to fix. What a scam.

Just got notification our home owners and car insurance DOUBLED!!!

So insurance companies saved/earned a bunch a of money due to Covid and less people on the roads. But yet my insurance didn’t drop a single penny even though I’m in my 40’s, drive a paid off vehicle with 0 accidents and no speeding tickets since 2013. I can confirm that State Farm is terrible with their increases. I switched to them just over a year ago because of my other insurance increasing. But my insurance has gone up each time I had to pay my premiums. I pay in full every 6 months for my families insurance. My wife has never had a ticket or accident. So idk why our insurance continues to increase. We even dropped the drive safe “discount” because it was a more so than a pro. According to their data, we are terrible drivers. I was told when I signed up that after x amount of years we will start getting a reduced rate because of our good driving record. Assuming we continue to be accident of course. But I feel like that’s a lie and I doubt I’ll still have them after our next time to renew.

I have a clean license but if I moved to Florida my car ins would be $900 more. Forget about homeowners.

Insane. And there's nothing we can do about it. .

Our auto insurance went up 15% this year and you can bet it will go up in the future.

yes ours went up...#*%

I have Progressive and luckily my insurance went down some but here in South Carolina, insurance is higher than most states

More like I want to obliterate all the car insurance companies.

Insurance is a scam. You pay for something that doesn't give you anything. If you want to get something out of them. They charge back. And yes rates have gone up unfortunately.

Yes, our rates went up!!! Retired and limited income...yay!!

It’s kind of a good thing to not be a car owner right about now. I’m rather lucky that I can commute to work, school, and anywhere else I need to with public transportation. I understand that not everyone has that convenience, but I would urge those that do to use it! I spent $78 a month for a monthly bus pass, and that’s it. On my old 2018 Hyundai Elantra GT (I no longer have it), my insurance with The General rose exponentially to over $650 a month because of the fact that it was stolen. I know how bad this may sound, but I ended up driving it without insurance up until I voluntarily surrendered it back to the finance company (I got plain fed up with it and didn’t want to deal with it anymore). Now I’m carless, and I’m not regretting it. I have more money in my bank account, and I’m even putting a good deal of it away in my savings account (primarily the one that grows with interest). I don’t plan on buying another car anytime soon, as I live in Missouri which has the worst rules when it comes to car buying and ownership (at the time of purchase, the dealership does not collect sales taxes…those are paid out of pocket, as they just slap on the 30-day temp tag on the back and call it a day…then there’s the fact that Missouri has you paying personal property taxes on your car every year, and if you don’t pay it, you cannot renew your tags…just let that sink in).

Dont own a KIA.. Insurance companies are refusing to even insure them.

This is another reason car sells will keep going down. This is truly insane.

Yeah, I am getting destoryed. 1 camry paired with my home is costing me 165 monthly

I made a comment on this channel I think, a while back, I got an email from GEICO that they applied for an across the board rate increase from 18%-28% with the NJ Department of Banking and Insurance. 18% for liability only policies and up to 28% for collision and comp. The Department may not agree to any increase, which is unlikely... they may also agree to the full increase or meet them somewhere inbetween.

I think this will get worse as we have a skilled labor shortage and cars have become more and more complex and harder to repair. Autobody specialists and mechanics need higher pay to be incentivized to stay in those fields. If Amazon is paying $20 an hour + benefits to move boxes around, why would anyone want to do autobody work for less?

Last week I switched insurance companies and dropped the collision portion. I wanted just what it took to be legal to drive and register it. I'm sic-up-and-fed (SNL remember?) with paying hundreds of dollars every six months then getting chump change when you file a claim.

One accident and you get dropped, sounds like you had Pemco. They drop EVERYONE after any claims. They are a scam, as far as i am concerned.

Small nuisance claims courtesy of distracted driving is driving up rates! ✌🏽😒

I’m in Tampa Florida and My insurance went up 600 dollars ! No claims ! No anything ! I drive a 2020 Kia forte 😢! I can’t afford it anymore I don’t know what to do at this point! I’m going to have to give my car up

Great timing on this video. I actually noticed my rates increased this morning.

Yea my insurance went up another 200 dollars on two vehicles. I have a clean driving record of, no accidents, not even a glass claim.

Everything goes up except our wages

If we returning back to driving from pre pandemic, shouldn't the prices be at the same rate as it was pre pandemic. They just price gouging for no reason, because they can. Yea they lost money but im sure they still profitable. Companies focus on in creasing revenue year over year and when they have a yr where they didn't make as much... They never focus on the fact that they still profited 77 billion

I'm so annoyed. Every 6 months mine have been going up

I’m just glad my 20 year old daughter is in the Air Force in OKC!!! If she was here in California - I’m pretty sure it would be upwards 30% or more expensive. Ugh 😩

$1700 for 6 months,crazy

Mine went up $100 a month which isn’t too bad.