Hacker News Reader

Comment by kurthr | Hacker News Reader

No accident. No move. No new vehicle.

My car insurance went up 30%, in one year. Tried pricing around and it's not much better. Took an online "safety class" and got an 8% discount.

View on HN

Yep! Both private and public insurance funds are nickel and diming wherever possible to make up for losses during the COVID pandemic which went on for 3 years.

Edit: can't reply

> This started decades before COVID, and has been summarily ignored for the entire time. We’re still insuring properties in areas we known sea level rise and climate change make uninsurable

It's not property insurance that's causing the issue as I as well as the article pointed out.

This started decades before COVID, and has been summarily ignored for the entire time. We’re still insuring properties in areas we known sea level rise and climate change make uninsurable, we still refuse to let the government negotiate with or dictate rates, we still tie healthcare to employment, and we still let manufacturers sell top-tier/unrepairable vehicles while constantly discontinuing anything remotely affordable or repairable.

The market isn’t going to correct itself now that we have enough data to know where to squeeze next, and how hard it can go. The only way to unwind this disaster is meaningful regulations and wholesale reforms.

How much has the sea level actually risen? Our most expensive flood in terms of insurance losses was the Great Flood of 1993 which had nothing to do with sea levels.

Here in the Pacific Northwest, the catch-and-release of car thieves drove up costs for everyone. If I change my address away from the craziness, my policy drops by half.

I have always only purchased maximum liability only insurance, and my premium went from $40 per vehicle per month to $50 per vehicle per month over the last decade. In Washington.

Reply on news.ycombinator.com