Insurance in Florida is outrageous. We are moving to Western kentucky in 2 weeks and my wife took a medical position there. Thankfully the cost of living is nothing compared to here in Florida. I own 4 older cars, nothing fancy and the first 6 months of this year it was 577 a month, then it went up to 924 a month!!! Unsustainable. I have nothing on my record and have been with Progressive for 20 years now. I'm not gonna pay what used to be a home payment for some old Hondas and my wife's Toyota Minivan. Insurance is an absolute scam. Progressive told me my new payment up there should be in the 200s for the exact same policy. I told them do you understand why this is such a joke?? Same company, same policy, same cars and I'm dropping by 3/4th!! Insurance is crushing us here in Florida. Scam.
I totally agree! A lot of it is we are subsidizing the deadbeats that don’t have insurance. You would be stunned to know how many drivers are on the road that don’t have insurance!
If you or a family member are current or prior service military, look at USAA car insurance. I have 3 older vehicles (liability only, no full coverage) and I’m paying about $64 a month in Virginia.
Kentucky has some of the highest car insurance. I just moved to Ohio from Kentucky and my insurance dropped 50%. And cost of living depends on the area you live in.
So vehicles prices went up 42 percent in 3 years, insurance costs doubled, interest rates have tripled, and inflation is like the k ok out punch. Insurance companies will leave a lot of states, a lot of people will drop insurance completely. In the end, more and more people will lose everything.
Agree, one other aspect of this are lawsuits. and out of sight increases in MSRP's. The smallest of bumps in city traffic the "aggrieved" has the lawyer and set of doctors padding the bill. Always have a front and rear facing camera for the vehicle.
I'm laughing in frustration...I work from home and drive maybe 3,000 miles a year. My insurance rates have basically doubled on a 2015 Grand Cherokee since I stopped commuting to work. American life in the 2020s.
@@HaughtKarl-jx9vr He’s a troll, or envious. Perhaps both. He might also confuse gas pump taxes for road maintenance with insurance premiums. Probably the type of person who cheers when people roll coal on hybrids.
Auto insurance is such a racket. I’m lucky I live in the third cheapest state to insure a vehicle. I pay $137 per month to insure one suv & two trucks.
I bought my last new vehicle in 2002, liability is all I do. No new/newer cheap made way overpriced vehicles for me or mine. I expect my home owners insurance to go up as it always does. Not right but it does. I have had two new roofs and inside repairs done in the last 35 years due to hail, storm and fuel oil furnace damage all covered by insurance. They even forgave the deductible, I didn't pay one cent. You have to research insurance companies not just pick the cheapest.
Insurance will double, only IF Insurance Companies are even willing to insure California Properties at all. In Florida, Insurance Companies have just given up and left the State, that will probably happen in California as well. I've never heard of buying a property on payments without having mandatory insurance so that will probably cripple the California property market just like it has in Florida.
I own 2 cars in good condition. Both are paid off. I would like to keep both, but if insurance continues to increase, I may sell one, but I hope to keep them long term.
its time for us as a culture is to wake up and stop the madness! no more 6 figure trucks, no more over prices vehicles. we, as consumers, have to leave it alone!
Great content, as always. California is a glaring example of what happens when there is no “adult supervision” and, as usual, hard working, honest folk - but never the elites in power - pay the price.
The elites, in this case, ARE the insurance companies. Taking your money and not providing thileir service. And raising rates to maintain record profits. Sure some probably do live in California but this is an example of how large corporations are screwing the American population.
I just lost out buying a 5th gen 4runner trd or because of how insane the competition is to buy them. I keep being told how much everyone is hurting, but somehow I still had to fight to try to even buy this truck. So apparently not everyone is hurting that bad maybe some are but plenty seem to be fine
@mikelaughlin270 you're not wrong that was definitely happening. I'm convinced they were selling it to a friend or someone they knew and strung me along incase it fell through but it ended up not falling through.
Maybe one of things that can be down to combat higher auto insurance premiums is (dare I say it) to rethink/tweak regulations on both the auto sales and auto insurance industries. Increase regulation on the auto finance and auto insurance industries . 1. Force lenders to require that people put more money down on cars (e.g. a minimum auto loan down payment of at least 15% to 20% + raise the percentage of household income that can go towards an auto loan). 2. Crack down on auto dealers' predatory pricing. This is a tough one because nobody wants price controls in a capitalist economy, since they almost always do the opposite - create supply shortages, reduce the quality of the product, cause prices to increase, and ruin trust between the seller and buyer. There probably needs to be some kind of system of sales transparency and consumer pricing like there is in consumer electronics, where the pricing is relatively fixed and stable, and people aren't getting gouged with arbitrary prices from one dealer/store to the next. 2. Massive crackdown on auto insurance fraud. Perhaps if your car "rolls down a hillside" with no one in the car or catches on fire in front of your house, then the auto insurance simply won't cover the damage, since those are often blatant cases of insurance fraud. If we can get people to responsibly borrow money for cars, get dealers to build and price cars that people can truly afford, and greatly reduce insurance fraud, then insurance premiums can be pushed down or at least will not rise as fast as they have the past few years. I'd love to hear everyone else's thoughts on these ideas.
I live in one of the worst states for auto insurance and my insurance actually went down $12 for my 6 month premium. I am with Progressive and I am paying $675 every 6 months for a 2023 Honda Accord Hybrid. Still too expensive!
I’m with progressive and pay about $1000 every 6 months for a 2019 Chevrolet equinox LT AWD. I drive about 8k miles a year and have only had 1 accident in my lifetime and 1 ticket 5 years ago. And no claims other than the accident.
@WarmSunMgm It's crazy how prices are all.iver the place! I am a 46 year old male with no tickets or violations and no claims in 7+ years. I paid this same amount for PLPD for my previous car that was a 1996 Corolla. I too, only drive about 7k miles per year. I think they just have a button they push to give you any random rate! Best thing to do is definitely call around EVERYWHERE and every time your insurance renews to get the best rate. Have you checked AAA insurance? They are also fairly good in Michigan
I think families will own fewer vehicles, have less kids. It’s time for a reckoning, lot of hard truths in this video. Maybe motorcycles will make a comeback, insurance is cheaper for them.
I drive old cars and maybe 5,000 miles a year and live in the safest state in the country and auto insurance rates are relatively inexpensive here. Two cars cost $1,200. My last at-fault accident was in 1982. My last ticket was around 1980. The factors affecting insurance costs are where you live, where you work, how many miles you drive, age, driving history, costs to repair your vehicle, and how many claims other people make. Because it's a big pool and we pay for our neighbors. One other factor is all of the new electronics and sensors all over the cars that have to be replaced in accidents. Older cars without all of this stuff may cost less to repair. The destruction of cars and houses will generate a lot of demand for replacement vehicles but insurance rates will have to go up, most in California but it will affect the rest of the country too. And this will hit homeowners insurance too. California and Florida have already become uninsurable and many companies have already left both states. The stuff we're hearing about the lack of preparedness by the city may actually result in higher insurance rates on preparedness for a city. Insurance companies like to tell you what to do with your home to reduce risks - they might start telling cities next. I do hope that the LA area recovers. California already has a severe housing shortage and a lot of people need housing now.
Yup. My premium went up by nearly 80 bucks on my 02 subaru. From 166 to 240 and change. Mind you, my insurance before I swapped it back in 2022 was 212. So I'd have to pay even MORE then my older insurance provider
I'm planning to buy a Used / CPO Used Car by the end of the year or in Q1 of next year. what should I do? I'm currently saving for the vehicle. I'm in no rush.
Love your videos. I have to, in a comical way, find it funny how people like yourself say the word insurance. Up north here, we say inSURANCE. Down your way, it's INsurance. I believe we pronounce it correctly, though. Keep up the interesting videos
if you drop your car insurance to save money and take out an umbrella policy over your house to protect from anyone suing you for your house, would it be feasible ? Of course, you're taking a risk. If you hit someone and its your fault, then you would be responsible for repairing their car and any medical bills they have along with fixing your own car.
What an aware young man you are, and stating the obvious to the uninformed if by virtue of nonawareness or choice. Bravo the current outlook for Cali is terrible but l blame the current governor and those of the past to the beginning of the 80's for not being prepared if not through city government then they should have been prepared through their military reserves buying the necessary things to combat what we all know from the past drought years to the present. I make an apology not for my spot on thinking, but an apology because of opening the lions den of California life.
It’s pretty easy to understand when the basic car now costs mid 20k and a majority of the cars on the road are 40-60k, with trucks and suvs tipping the 100k mark. That and uninsured illegal immigrants.
Well pal not only auto insurance increases also homeowner policies. All these natural disasters, fire, floods, storms becoming more frequent, and there's potential now for major catastrophic earthquakes. We are standing on shaky ground today economically and possibly physically as well.
Even if these people had kept there fire insurance, I've read where getting permits for rebuilding will take years, some won't be allowed permits. I really feel for the blue collar families who have very little options. God bless the innocent.
Just curious, do you work on dealerships or do you just go onto their lots to record. I would imagine that most dealerships wouldn’t allow you to just walk around and record
In fairness though, the dealers he goes to like Toyota and Ford he’s bought vehicles from them numerous times, and know the GMs over there too. For other dealers, I assume he goes when there is little to no business going on and the dealer could probably care less
A little disingenuous to paint everyone as "looters". I found it particularly funny especially with the juxtaposition of the segment before of insurance companies removing fire insurance from people's policies.
One reason is because of law suits, lawyers are just linking their chops playing off of people's misfortunes, their has to be a cap, yes accidents happen and we need help but not that much.
If we don’t use our insurance all year we should get 50-75% back.
Insurance in Florida is outrageous. We are moving to Western kentucky in 2 weeks and my wife took a medical position there. Thankfully the cost of living is nothing compared to here in Florida. I own 4 older cars, nothing fancy and the first 6 months of this year it was 577 a month, then it went up to 924 a month!!! Unsustainable. I have nothing on my record and have been with Progressive for 20 years now. I'm not gonna pay what used to be a home payment for some old Hondas and my wife's Toyota Minivan. Insurance is an absolute scam. Progressive told me my new payment up there should be in the 200s for the exact same policy. I told them do you understand why this is such a joke?? Same company, same policy, same cars and I'm dropping by 3/4th!! Insurance is crushing us here in Florida. Scam.
I totally agree!
A lot of it is we are subsidizing the deadbeats that don’t have insurance.
You would be stunned to know how many drivers are on the road that don’t have insurance!
If you or a family member are current or prior service military, look at USAA car insurance. I have 3 older vehicles (liability only, no full coverage) and I’m paying about $64 a month in Virginia.
Is it cause of weather in Florida ?
Kentucky has some of the highest car insurance. I just moved to Ohio from Kentucky and my insurance dropped 50%. And cost of living depends on the area you live in.
Are you going to make anymore car products reviews? I really enjoyed those!
So vehicles prices went up 42 percent in 3 years, insurance costs doubled, interest rates have tripled, and inflation is like the k ok out punch. Insurance companies will leave a lot of states, a lot of people will drop insurance completely. In the end, more and more people will lose everything.
I dropped my insurance I'm good. Not making free money off me anymore
Insurance is a scam.
i don't if insurance is a scam or the b s injuries people claim looking for payouts is the bigger scam.
yes why cant we just buy a general liability policy say $250k I make a claim for $30k now its worth $220k etc . just a thought
Agree, one other aspect of this are lawsuits. and out of sight increases in MSRP's. The smallest of bumps in city traffic the "aggrieved" has the lawyer and set of doctors padding the bill. Always have a front and rear facing camera for the vehicle.
Enjoying your content since finding you a few weeks ago. The passion is obvious. Thank you.
@@malkuper thanks a ton man, I really appreciate the positive feedback!
THANK YOU....nobody ever talks about insurance payments. Sometimes the insurance payment is more than the car payment. Sucks here in MICHIGAN
I'm laughing in frustration...I work from home and drive maybe 3,000 miles a year. My insurance rates have basically doubled on a 2015 Grand Cherokee since I stopped commuting to work. American life in the 2020s.
You should be taxed a bit higher to have the privilege to work from home. Deal with it.
@Wickedpissah138 Why do you care if someone works from home or not?
@@Wickedpissah138 Someone is envious… LOL.
@@HaughtKarl-jx9vr He’s a troll, or envious. Perhaps both. He might also confuse gas pump taxes for road maintenance with insurance premiums. Probably the type of person who cheers when people roll coal on hybrids.
Auto insurance is such a racket. I’m lucky I live in the third cheapest state to insure a vehicle. I pay $137 per month to insure one suv & two trucks.
state???
@@mikeyID dang that’s awesome! Doesn’t get any better than that. 👌
I’m going ice fishing and try to not worry for a minute or two..
These are scary times indeed. Feels like people are hanging on by a thread.
LOL insurance cutting what they should cover. Insurance is never anything but heartless scavenger
Insurance companies never take a loss. Kinda like our politicians, never take responsibility.
I bought my last new vehicle in 2002, liability is all I do. No new/newer cheap made way overpriced vehicles for me or mine. I expect my home owners insurance to go up as it always does. Not right but it does. I have had two new roofs and inside repairs done in the last 35 years due to hail, storm and fuel oil furnace damage all covered by insurance. They even forgave the deductible, I didn't pay one cent. You have to research insurance companies not just pick the cheapest.
love the profile. but aside that this is why old cars are superior
Insurance will double, only IF Insurance Companies are even willing to insure California Properties at all. In Florida, Insurance Companies have just given up and left the State, that will probably happen in California as well. I've never heard of buying a property on payments without having mandatory insurance so that will probably cripple the California property market just like it has in Florida.
I own 2 cars in good condition. Both are paid off. I would like to keep both, but if insurance continues to increase, I may sell one, but I hope to keep them long term.
I am wondering why his title didn't say "Insurance Crash" Like every other Auto UA-camr saying Crash and Crisis every day.
its time for us as a culture is to wake up and stop the madness! no more 6 figure trucks, no more over prices vehicles. we, as consumers, have to leave it alone!
Great content, as always. California is a glaring example of what happens when there is no “adult supervision” and, as usual, hard working, honest folk - but never the elites in power - pay the price.
You sound like a Mo Ron.
The elites, in this case, ARE the insurance companies. Taking your money and not providing thileir service. And raising rates to maintain record profits. Sure some probably do live in California but this is an example of how large corporations are screwing the American population.
I just lost out buying a 5th gen 4runner trd or because of how insane the competition is to buy them. I keep being told how much everyone is hurting, but somehow I still had to fight to try to even buy this truck. So apparently not everyone is hurting that bad maybe some are but plenty seem to be fine
That was just the dealership playing games with you.
@mikelaughlin270 you're not wrong that was definitely happening. I'm convinced they were selling it to a friend or someone they knew and strung me along incase it fell through but it ended up not falling through.
Maybe one of things that can be down to combat higher auto insurance premiums is (dare I say it) to rethink/tweak regulations on both the auto sales and auto insurance industries.
Increase regulation on the auto finance and auto insurance industries .
1. Force lenders to require that people put more money down on cars (e.g. a minimum auto loan down payment of at least 15% to 20% + raise the percentage of household income that can go towards an auto loan).
2. Crack down on auto dealers' predatory pricing. This is a tough one because nobody wants price controls in a capitalist economy, since they almost always do the opposite - create supply shortages, reduce the quality of the product, cause prices to increase, and ruin trust between the seller and buyer. There probably needs to be some kind of system of sales transparency and consumer pricing like there is in consumer electronics, where the pricing is relatively fixed and stable, and people aren't getting gouged with arbitrary prices from one dealer/store to the next.
2. Massive crackdown on auto insurance fraud. Perhaps if your car "rolls down a hillside" with no one in the car or catches on fire in front of your house, then the auto insurance simply won't cover the damage, since those are often blatant cases of insurance fraud.
If we can get people to responsibly borrow money for cars, get dealers to build and price cars that people can truly afford, and greatly reduce insurance fraud, then insurance premiums can be pushed down or at least will not rise as fast as they have the past few years.
I'd love to hear everyone else's thoughts on these ideas.
I live in one of the worst states for auto insurance and my insurance actually went down $12 for my 6 month premium. I am with Progressive and I am paying $675 every 6 months for a 2023 Honda Accord Hybrid. Still too expensive!
I’m with progressive and pay about $1000 every 6 months for a 2019 Chevrolet equinox LT AWD. I drive about 8k miles a year and have only had 1 accident in my lifetime and 1 ticket 5 years ago. And no claims other than the accident.
@WarmSunMgm It's crazy how prices are all.iver the place! I am a 46 year old male with no tickets or violations and no claims in 7+ years. I paid this same amount for PLPD for my previous car that was a 1996 Corolla. I too, only drive about 7k miles per year. I think they just have a button they push to give you any random rate! Best thing to do is definitely call around EVERYWHERE and every time your insurance renews to get the best rate. Have you checked AAA insurance? They are also fairly good in Michigan
I think families will own fewer vehicles, have less kids. It’s time for a reckoning, lot of hard truths in this video. Maybe motorcycles will make a comeback, insurance is cheaper for them.
Until it isn’t…
This is not sustainable!
I still am shocked that people will pay over 100k for a new vehicles plus 11% interest rates.
I drive old cars and maybe 5,000 miles a year and live in the safest state in the country and auto insurance rates are relatively inexpensive here. Two cars cost $1,200. My last at-fault accident was in 1982. My last ticket was around 1980. The factors affecting insurance costs are where you live, where you work, how many miles you drive, age, driving history, costs to repair your vehicle, and how many claims other people make. Because it's a big pool and we pay for our neighbors. One other factor is all of the new electronics and sensors all over the cars that have to be replaced in accidents. Older cars without all of this stuff may cost less to repair.
The destruction of cars and houses will generate a lot of demand for replacement vehicles but insurance rates will have to go up, most in California but it will affect the rest of the country too. And this will hit homeowners insurance too. California and Florida have already become uninsurable and many companies have already left both states. The stuff we're hearing about the lack of preparedness by the city may actually result in higher insurance rates on preparedness for a city. Insurance companies like to tell you what to do with your home to reduce risks - they might start telling cities next.
I do hope that the LA area recovers. California already has a severe housing shortage and a lot of people need housing now.
Well said. People don’t like government interference in their daily life but will be told how to behave by private insurance companies.
Yup. My premium went up by nearly 80 bucks on my 02 subaru. From 166 to 240 and change. Mind you, my insurance before I swapped it back in 2022 was 212. So I'd have to pay even MORE then my older insurance provider
Hi, great content. What kind of cap are you wearing?
You pay for a used pickup what your parents or grandparents paid for their first house. The USD has gone rancid.
I'm planning to buy a Used / CPO Used Car by the end of the year or in Q1 of next year. what should I do? I'm currently saving for the vehicle. I'm in no rush.
Guess it depends on a few factors, I pay $91/mo full coverage $500 deductible for 2 2020 Toyota’s.
My 10 year old bmw insurance went double, unbelievable.
Health insurance, home insurance, car insurance. These industries need correction. They screw over millions of people every year.
Where can you find all these repo vehicle's at?
Love your videos. I have to, in a comical way, find it funny how people like yourself say the word insurance. Up north here, we say inSURANCE. Down your way, it's INsurance. I believe we pronounce it correctly, though. Keep up the interesting videos
if you drop your car insurance to save money and take out an umbrella policy over your house to protect from anyone suing you for your house, would it be feasible ? Of course, you're taking a risk. If you hit someone and its your fault, then you would be responsible for repairing their car and any medical bills they have along with fixing your own car.
Yep, something has to give!
100k a year doesn't buy jack these days.
What an aware young man you are, and stating the obvious to the uninformed if by virtue of nonawareness or choice. Bravo the current outlook for Cali is terrible but l blame the current governor and those of the past to the beginning of the 80's for not being prepared if not through city government then they should have been prepared through their military reserves buying the necessary things to combat what we all know from the past drought years to the present. I make an apology not for my spot on thinking, but an apology because of opening the lions den of California life.
Between the floods out east, and the fires out west, premiums are going to go up across the board.
Actually it's cost of repairs. Nothing else. 🤷♂️
Who wants to live in Cali when you cant even have insurance on your house.
It’s pretty easy to understand when the basic car now costs mid 20k and a majority of the cars on the road are 40-60k, with trucks and suvs tipping the 100k mark. That and uninsured illegal immigrants.
With how expensive everthing should i let health , car , house insurance just go it insane. Dont get me wrong i dont want to but its just thoughts
Agreed…
Any more home/auto
Insurance rate hikes,
I’m dropping coverages
don’t even mention food. Just paid $8.99 for a dozen eggs.
@EmmyPierz-ek7hi your right , I made good money but sooner or later there i won't be able to afford those things
There wasn’t nothing natural about that disaster
When CEOs are making 24 million and 2 million bonuses this is b*******
I just renewed my auto insurance for the year and it stayed the same as last year 🤷🏻♂️
Well pal not only auto insurance increases also homeowner policies. All these natural disasters, fire, floods, storms becoming more frequent, and there's potential now for major catastrophic earthquakes. We are standing on shaky ground today economically and possibly physically as well.
Even if these people had kept there fire insurance, I've read where getting permits for rebuilding will take years, some won't be allowed permits. I really feel for the blue collar families who have very little options. God bless the innocent.
Up next, the good news. Stay tuned!
Can you please link you government official reference sources in the bio so we can verify for ourselves
Just curious, do you work on dealerships or do you just go onto their lots to record. I would imagine that most dealerships wouldn’t allow you to just walk around and record
In fairness though, the dealers he goes to like Toyota and Ford he’s bought vehicles from them numerous times, and know the GMs over there too. For other dealers, I assume he goes when there is little to no business going on and the dealer could probably care less
@ gotcha that makes sense
Thanks
but the price of eggs though
A little disingenuous to paint everyone as "looters". I found it particularly funny especially with the juxtaposition of the segment before of insurance companies removing fire insurance from people's policies.
How nice
Insurance fraud has to be through the roof with people taking advantage of natural disasters and so many underwater on their loans.
Agree 💯
insurance is legalized gambling.
🇺🇸❤️🤍💙🇮🇹💚🤍❤️
One reason is because of law suits, lawyers are just linking their chops playing off of people's misfortunes, their has to be a cap, yes accidents happen and we need help but not that much.
People has lost the fear of God he can let there be rain in stead of fires other words read the KJV Bible and you will learn
I used to enjoy watching your videos and the vehicles you’d buy. But all this negative crap really sucks. Unsubscribing. Goodbye.
Insurance companies are going to get a very,very rude awaking after January 20th....
what's after Jan 20th?
@@MrRussiandan1
Projection and presumption.
It’s not a natural disaster
And
Why are these people still in power
It's done! Everything collapsing. It's why I click on these videos.