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Thebanks1 t1_iuhnvrs wrote

Reply to comment by evantobin in Your insurance will most likely be going up by Grayjay000

Vehicles are also being destroyed/damaged at much higher rates with more and more severe weather events occurring.

For example imagine all the cars that are total losses from the Ian flooding.

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xuaereved t1_iuiks8n wrote

Not to mention the pricing of cars right now, insurance didn’t plan on dealer mark ups and chip shortages resulting in 10-15% price hikes on basic vehicles.

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evantobin t1_iui3ypi wrote

Yep! That’s not an issue where I live, but given that you can barely get home insurance in Florida now I wonder what car insurance is like. The fires on the west coast must be pretty hard for rates too.

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jestler4 t1_iuk1zjs wrote

Every state has something they deal with like hail, tornados etc that add risk to insurance

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