Dual insurance crises hitting Florida customers with no end in sight

[@charlesdidonato5478]

Insurance companies will take your money for thirty years, but once they have to start paying your claims they either raise rates or pull out of the area. NOT YOUR PARTNERS!

[@dimitriberozny3729]

There was a company here in Rhode Island in the early 1990’s back called Universal Insurance! They went BANKRUPT when Marquette Credit Union tanked in the early 1990’s because the head Chairman Richard Paquin of the former Marquette Credit Union also owned Universal Insurance and the Rhode Island banking crisis sunk both.

[@gregeoryl]

And unavoidable, since insurance is often a requirement to own, use, borrow, use or live.

[@mmmd3429]

Do you not like this capitalist pyramid scheme?

[@info781]

You are avoiding the fact that this happens in other states besides Florida , yet insurance costs half as much.

[@nosac1230]

Inflation has caused price increases over the past three years of about 30% on virtually everything I buy today -- 20% at the very least. Inflation is killing us. Now, add to that a HUGE number of people moving to places like Florida (statistically two cars per household) and you have a much higher number of wrecks, and for an insurance company, higher risk per driver.

[@douglaspendergraft1055]

Customer loyalty translated into insurance discounts a few decades ago. Today, they couldn't care less about maintaining your business. Rate-shopping is the way to go, every time your insurance company threatens to raise your rates. You really don't owe them anything and you're not obligated to stick with them through the thick and thin. This goes for both auto and home insurance.

[@hamie63_m]

Exactly. I shop around every 12 months now

[@theexoreviewer5699]

In fact you do automatically owe them because it’s a law :/ they already know you Will pay them or you suffer legally

[@WhisxBeerus]

@@hamie63_m Same here! I shop around once a year and it's saved me hundreds.

[@depo5626]

When I moved back here I had to get a new agent with State Farm. They gave me an idiot from Miami who tried to raise my rates by 300%. I’m not even exaggerating. I told them to kick rocks if they ever thought I’d pay that.

[@u2mister17]

The Godless leftists stealing 6 Trillion Dollars a year from Capitalism without a blink of an eye f**ks every bank account.

[@GolDGreg]

Corporate greed is ruining this nation

[@xExekut3x]

(((corporate greed))) indeed

[@joes6657]

Might want to look at the sky high inflation we are having from printing trillions along with the government mandated safety features on all new cars which also increase the cost of new cars.

[@chriskey7440]

It is but insurance companies need to make profits too, or do you want them to operate at a loss, and then go out of business?

[@MCHellshit]

There's a lot of things ruining this country and corporate greed doesnt even make the top 10

[@benjaminowen6181]

@@chriskey7440How does the boot taste?

[@MrTourgeFlexington]

It also doesn't help that everyone in Florida drives like a legitimate psychopath.

[@dantheman1998]

Since I moved to FL ive never seen so many accidents due to driver negligence. Its a serious issue

[@archangele1]

I agree. On I75 there is a wreck pretty much every day. I have lived in a few different states and I have never seen worse drivers then I have experienced in Florida. Another issue is the vehicles them selves. You have no vehicle inspection in Florida so a lot of vehicles are dangerous. Things like jacked up pickups with huge tires spewing stones and such at other vehicles as well as poorly maintained vehicles with rotten bald tires and other mechanical issues all hurtling down the highways. It is like watching an idiot fest roaring down Florida's highways. Also the condition of the roads reminds me of something I would see in rural Romania. And, the traffic law enforcement is hit and miss. I once forgot about a speed zone that was where the speed dropped from 65 to 55 and I was doing almost 70. A person passed me in the left lane doing at least 80 and we both passed through the speed trap and neither of us was pulled over. I mean, the one guy doing 80 in a 55? Tailgating seems to be the normal way of driving in Florida. It is also why there are pile ups on the highways like I75. Of course, If there is an accident, they make sure to block off every lane of the highway for hours. Duh?

[@gator1959]

My auto insurance went up 23% from one year to the next with no tickets or accidents. Some of it is inflation but I also feel that corporate greed is a factor too. I'm shopping around because that is the game you have to play as a consumer.

[@barnandhome]

Lawsuit greed for starters…. Not corporate. The only corporate greed you’re gonna feel is the auto workers union making 120K for screwing on taillights and 5 weeks paid vacation. Thank them next time you see the price tag on a new car.

[@markwilliams6378]

​@@barnandhomeYeah ok . What about GM CEO making 29 million? It's always the little man who gets vilified. Insurance has always been a scam. We were paying too much long before inflation . You pay for years and file no claim. Why don't you get some of those payments back?

[@donaldhopkins1476]

​@markwilliams6378 his keyboard must be broke, because im still waiting for his response to your question 😅

[@carlfromtheoc1788]

Not necessarily corporate greed. It is a way to price themselves out of the market, so they can reduce or eliminate their exposure in a particular market, and at the same time still claim they offer insurance.

[@barnandhome]

@@markwilliams6378 Couple things.. I'm not saying the CEO "should" make that much, but honestly, in the full scope of the company, say they reduce him to 15 a year, how far will that extra go in a company with so many employees? Have any of us on this comment board ever asked for a pay reduction to "help the guys below us"? Honest question. I run a small business and make less money than one of my employees. As for insurance, I've paid 30K this year alone in insurance costs! Not a claim in 6 years of running my business. But, when every lawyer out there wants to sue insurance for millions of dollars, many of them being frivolous, who is paying for that? You and me.

[@jimmyjimjims7483]

I had Nationwide for 12 years, paid $170 a month for 3 cars (liability only they're all well over 10 years old). Went to renew my policy in September and they said "due to your area being declared a flood zone your new monthly payment is $383 a month". I live in the high desert, it rains 3 times a year here for 5 minutes and that's it...a complete bs excuse. No accidents in many years so they clearly just wanted more money. Cancelled and went to Farmers who are incompetent but cheaper at least...

[@DK-nv9zu]

FEMA has published flood maps since the 70s. This is a public resource. Log on and look up your area to verify the insurance company's stance.

[@powerlifting1012]

​@@DK-nv9zuI'm sure he doesn't trust "FEMA" maps

[@cowfat8547]

@@powerlifting1012well he should

[@jeremiahsmith7741]

Hey! Jimmyjimjims! 😄🤙

[@ericmoe63]

Same exact issue with my insurance only zero explanation. I was told I pay alot when your young you pay more until your 30s then you get a nice lower premium. Got a near 100% rate hike instead.

[@automotiveservices2978]

FL is the only state I have been where there are Billboards EVERYWHERE bragging how you can call XYZ Lawyer and they'll sue to get you tons of money in the event of an accident. How can the Bar Association consider that ethical and the State Government even allow that to be legal advertising? It's beyond ridiculous! Then again, Politicians ARE lawyers, so I guess that explains it!

[@info781]

Florida is a lawyers paradise, not sure why people put up with it. They just got rid of assignment of benefits which should help but it is too late.

[@Landshark2020]

The whole state of Florida is a giant scam. Thank goodness I don’t live there. Ugghh!!

[@AshTheNimbat]

Honestly it is. The governor is shitty making some of the worst decisions. They just want money as usual.

[@anniesshenanigans3815]

agree. Our insurance and taxes on the homes are ridiculous. As soon as I am done with the contract I am on, I am selling my house and getting the hell out. My sister lives in Georgia and the prices there are not insane. If it goes nationwide, I might move to another country.

[@shamrock32]

Ok dummy, thanks for the insight.

[@Theonetruegod-hw2ei]

@@shamrock32cope harder 😂😂😂

[@Landshark2020]

@@shamrock32 are you 12 years old?

[@robd7934]

Former Floridian here. Left Tampa due to high housing and insurance costs and have no plans of ever moving back. Sadly the state is no longer affordable to live and extreme heat has made it unbearable

[@jerminator0688]

I’m ok with the heat. The cost is getting unbearable.

[@luckyluc25]

NY and California have a much higher cost of living. The entire country is hard to live in. Might as well stay there. It's only gonna get more expensive this next year with today's Govt destroying our economy and funding war. Look how bad it's become because of what I said.

[@Carlisho]

Its insane how expensive Florida is now, its literally the most expensive state to live in, yes, it dethroned Cali

[@luckyluc25]

@@Carlisho What are you talking about? You are WRONG. According to Forbes, in 2023 - Hawaii, Massachusetts, California, New York, New Jersey are the top 5 highest cost of living states, and they put Florida 21st out of 50. Not sure where you got your info from, but what you said about Florida is highly incorrect. Where's your proof? Not 1 other site I'm seeing says you are correct.

[@gator1959]

5th generation Floridian, we are looking to move also. Going from one extreme to another, hot to cold, we want to live in Alaska...

[@douglaspendergraft1055]

Hear you LOUD and CLEAR! My car insurance provider tried to raise mine over 200%. They told me they couldn't give me a better rate and that I wouldn't find a better rate anywhere. The problem with their stance was that I already had 2 quotes from competitors. One for the amount I had been paying and the second one was for even less! We can't take our insurers word that they will give the absolute best price. In this day and age, we have to do our finances a favor and RATE SHOP! 💵

[@buddrinkerdrinks]

i did swich carriers back when my rate went up....then 60 days my rate went up higher than my previous carriers was. Texas has a law that allows insurance carriers to raise your rates in you are a new insurie within 60 days. needless to say, i dropped both and went to a third carrier. fyi i now pay 540 every 6 months for lib, unisured (we all know why too, thx joe), towing, and comprehensive. also to replace my plastic hub caps two piece for my car is about 500buck now for a new set. thats one wheel folks. ie over 2k just for the hubcaps. and its a crown vic folks.

[@Rizky06]

Insurance = Ransom

[@roamiblu1833]

@@buddrinkerdrinks If you live in Florida maybe you should check with your governor.

[@TommyJonesProductions]

@@buddrinkerdrinks - Is Joe the name of the guy who forced you to live way out where you have to drive to everything?

[@DaveM-FFB]

Florida insurance rates are some of the highest in the country, not because of natural disasters, but because Florida politicians allow insurance companies to raise rates beyond what is reasonable. They also allow lawyers to bring frivolous lawsuits. We're bombarded by tv commercials saying this law firm got me $450K from being rear-ended. Well, 25 years ago, I got rear-ended in Virginia. They repaired the vehicle and gave me $5K. This is how it should be to maintain reasonable premiums.

[@robertmedford8430]

Best governor in the USA.

[@brettharman8921]

but on the brite side, your state is anti woke and doing a great job at banning books-

[@blipco5]

America’s freedom frontier. Only it ain’t free. 😂

[@josedelgadillo6832]

@@robertmedford8430that’s a funny joke 😂

[@dimitriberozny3729]

@@robertmedford8430 YEAH,right!!

[@miraclo3]

I honestly can't imagine why anyone would want to continue to live in Florida.

[@mikemay7134]

😂 you know I've said that for 52 years, I think they should create a new law for Floridians if you can't produce a birth certificate and you weren't born here you should have to move that would solve all of our problems in Florida

[@MrBrewman95]

Better than Massachusetts.

[@miraclo3]

@@MrBrewman95 that's like saying eating a pound of dirt is better than eating a pound of sand...

[@ltcmoose2001]

In my analysis of whether or not to become a Florida resident vs a MA resident, I call USAA and asked them for a quote on Florida car insurance. Bottom line is it was $2200 more a year to insure in Fl vs MA. Got to love the Morgan and Morgan ads that we are all paying for.

[@naturelover2292]

Northern transplants have ruined Florida. More people on the roads overpaying for homes have all lead to higher premiums

[@dimitriberozny3729]

@@naturelover2292 The condominium boom in Miami in the late 1990’s made Florida an extremely expensive state which drove up real estate prices throughout Florida!!

[@kagreen2k]

@@naturelover2292Those are a specific brand of northerners. We have had noticeable improvement in the quality of life since they left. 😊

[@davezad]

You can't blame northerners for what an entrenched, minority-driven mono-party did to your own selves.

[@micahgreene4573]

How are we paying for Mr Morgan's ads?? He is a lawyer paying for air time.

[@TerryButterfield]

I drive about 750 miles a year MAX (not a typo) and my insurance has doubled. It is now far more cost-efficient for me to sell my car and take an Uber - I don't often go places anyway (as evidenced by the mileage/year). Keep it up guys because I know other people that are stopping driving as well. They also added flood insurance to my renters insurance as well supposedly there is no option to NOT add it. (Even though the condo association is required to carry their own). So I cancelled that (renters insurance) as well. GREED

[@ThirtyYearstoolate]

Buy a car 25 years old or more, and insure it as a classic. I pay $224/year for my old car.

[@spencerward3606]

I have 2 cars that i don’t drive much (2013 challenger srt and 2016 corvette). It costed way too much to keep them on a regular insurance policy so I got “Metromile”. They charge you based on mileage driven with a tracker that plugs into the OBD2 port. I usually pay around $140 to $150 a month for both cars (I live in Sacramento, Ca). Something to look into if you want to keep your car.

[@rongendron8705]

You're right! My 70 year old, single brother has never owned a car, takes mass transportation or Uber's, even to work!He has saved many thousands in insurance, repairs & auto depreciation, in his life! I'm 77, am down to one 19 year old car, drive less than 2k miles a year & am thinking of doing the same thing!

[@onenikkione]

Take a Uber or other ride-share

[@craig9365]

Maybe don't live in a state with shit road infrastructure and boomers k. The road everywhere. Ngl if you are a boomer you not driving is the best thing for everyone else. Those old bastards can barely drive the limit on a 25mph side stree and for Florida, y'all seriously suck at driving altogether.

[@uncleshark1103]

People are complaining about attorneys filing lawsuits against insurance companies, and completely overlooking the fact that we have a for-profit insurance industry whose goal is to maximize profits to shareholders. That means charging you the customer as much as they think they can get away with, and paying out as little as legally required so they can keep dividends up. They give us the old "We deserve the profits because we took the risk" line, but avoid actually ever taking a risk. Insurance is the scummiest industry in America, and we have stockholm syndrome for it. If you want attorneys to stop suing insurance companies, make insurance companies tighten their own belt and get to work insuring people instead of making excuses so they can keep paying off shareholders.

[@karmendimas5274]

blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, same old story! your not the ONLY one who has not been 'overlooking the fact'

[@raybod1775]

I disagree. We all have the option to switch or change insurance coverage.

[@briangasser973]

Have you bothered to look at the profit margin of insurance companies? State Farm made a profit of $1.3B in 2021 on $86B in revenue. In 2022, it had a loss of $6.7B. High claims lead to higher rates

[@Hogtown1986]

Yeah, you don’t know what you’re talking about. Insurers almost always pay more in claims than they take in premiums, but investment income provides some profitability. If stocks are flat or lose, insurers lose money. Everyone has their hand out for the insurance money. Body shops, lawyers, chiropractors and crooked doctors.

[@briansomething5987]

Only problem with that theory is that many of the largest insurers (eg State Farm and any company with 'Mutual' in the name) are not for-profit. They are 'mutuals', which mean they are owned by the policyholders. It makes no sense for a mutual to try to make a profit, as that money would just go back to the people who paid it in the first place. And since insurance is a competitive business, the for-profit insurance companies can't just jack up their rates or they will lose business to the mutuals. So nice rant, but completely wrong.

[@jerrypolverino6025]

I left my home state of Florida. Ron DeSatan has been a horror for Florida.

[@BestStockStrategy]

How? Since 2020, what state is more financially stable and in better shape than Florida?

[@Sonofawildanimal]

@@BestStockStrategy Gaza

[@mikeb5664]

@@BestStockStrategy Californias GDP continues to grow every year and is 3 times the size of Florida.

[@steveb796]

@@BestStockStrategyFlorida depends on the federal government to make ends meet.

[@BestStockStrategy]

@@mikeb5664 Cali is in a crisis and has a budget deficit. Plus, California is losing its wealthiest citizens to places like Texas and Florida

[@zx5218]

I lived in Sarasota area in an X Flood zoned area (NON-FLOODING)for 6 years. I lived in a small 1 bedroom condo. The then value of the property was $125-150K . I was cancelled after two years. The next company charged $1900 a year for interior home owners insurance. This did not include the building insurance or $2200 I paid in my monthly hoa fee. Thanks Disantis for nothing. Too busy on the campaign trail or fighting with Disney to be concerned with serious matters in your home state?

[@liiillllliiilllliilllliii9461]

My parents in20+ years of driving and no accidents rates have gone up too unbelievable

[@drew1913]

I lived in Clearwater for 5 years. I was paying a $3,000 premium every 6 months for a bare minimum coverage plan. I moved to California in July, and my premium for 6 months DROPPED to $500 for FULL coverage. That’s a savings of $5,000 a year. Don’t believe the news! I am paying less in rent and insurance than I was in Florida. Gas is more expensive yes, but only by about a $1.50 average compared to Florida. The savings in insurance alone absorbs the extra cost for gas, and then leaves more money still in the bank. My standard of living went way UP when I moved from Florida to California.

[@Good-ke5tk]

Yeah but food and groceries are more expensive there too and you ain’t counting the other expenses like electricity and water is more expensive there 😂😂

[@drew1913]

Not so. A lot of the food here in California is grown here. It cost less because you don’t have to ship it as far. Also Solar. Lots of benefits out here for solar. Hardly pay electricity. I have my own 300lb propane storage tank too, so I fill it up as I need. Super affordable. Anything else?

[@drew1913]

Also I have a well. I don’t pay for water

[@Good-ke5tk]

@@drew1913 you are talking for yourself point of view not everyone is on the same boots as you

[@drew1913]

Yeah no I would not move to LA. Northern California Sacramento area. We got downtown, San Francisco super close, and Lake Tahoe a short drive away. Northern California is where it’s at.

[@scottfrazer4669]

Just another reason why I love not owning a car! No gas, no insurance, no car payments, no repairs, no tolls. I feel more free now than I ever did with a car

[@info781]

This is insane, they don't explain why this is only happening in Florida. Prices should be going up in every state.

[@carlfromtheoc1788]

Remember kids, Rate hikes are a way to price themselves out of the market, so they can reduce or eliminate their exposure in a particular market, and at the same time still claim they offer insurance. Oh yes, get security cameras that cover your property inside and out, and a dash cam system that looks front and back (at a minimum) and which has really high, clear resolution.

[@s0nnyburnett]

Called my insurance about the dash cam I put in and they didn't give a shit.

[@NortheastAndRetired]

I live in a major northeast city with great mass transit and sold my 6 year old car to Carvana last year for almost exactly what I paid brand new. CHA-CHING 💰

[@theo21021]

Reason carvana is worth a fraction of what it was worth a couple years ago.

[@kentuckybowl-o-sticks]

Wait 'til the shit hits the fan... : )

[@TheKEDW]

And it’s not just Florida with problems like this. In NYS (the Southern Tier to be precise) my insurance went up over $200 this year. No accidents or tickets in over 10 years. When I asked my insurance agent how I could possibly make it more affordable she told me, “why don’t you just buy another car? Get a beater for the winter months.” Because that totally makes sense. The increase is already going to hurt me. Let’s just buy another car and spend well over $200 for a beater 🙄

[@timmturner]

You mean $200 for the entire years policy? If so this doesn't compare to Florida rates, they are increasing by this much per quarter.

[@TheKEDW]

@@timmturner Yeah, that must suck! Over $200 increase for a year in NY is ridiculous but it’s definitely not $200 quarterly. I can’t even imagine that!

[@FragEightyfive]

Its all over the place. Everywhere I was looking at moving is like this. My home insurance has gone up 150%, and car insurance

[@internallyinteral]

You should shop around if you haven't already

[@RPcropland]

Maybe she ment sell your pricey car that would cost a lot more to insure because if you total it it be a bitch to replace no joke!

[@joeuser633]

Maybe don't buy a $50k truck on a $30k salary. People used to be "house-poor" when all their cash flow went into their home but it was as least an appreciating asset. Now people are car/truck poor and since it's a depreciating asset it's eventually all for nothing except ego. Nobody ever went broke underestimating the stupidity of the American consumer.

[@ernestogalvan9822]

Idk man. I drive a 2013 beater. Bought it used and paid cash. Insurance is still high ($150 per month) was $200 when I lived in nevada, I moved to Texas and dropped somewhat significantly, but the Cost of everything is going up. It’s getting harder to survive out here

[@YeetThyBaby]

It's their amendment right to be stupid

[@Rhaspun]

Pickup prices are going well north of $50k these days. They're approaching the prices of a few luxury car brands.

[@highlymedicated2438]

@@Rhaspun I drive a 22 E450 and most of the middle class or below have know idea that my fancy Mercedes is still 15k cheaper. Hell Im the one who cant afford a pickup

[@davidsummers6700]

My insurance went up from $590 to $760 per 6-month term in one period with no accidents or tickets when it renewed this month. It's absurd. I live nowhere near where it floods during hurricanes.

[@beeeboopbeepboop]

Call them and ask them to lower it or else you’ll cancel the policy

[@KurdtC-nn3ov]

​@@beeeboopbeepboopdesantis doesn't want you to.

[@user-ff5nv8ft6n]

Thats not that bad.

[@hlee-w9u]

mine went from 561 to 648 sounds similar, you must have Progressive.

[@masguapoako]

*Higher rates means more money to the controlling political party in Florida*

[@2true359]

Shut up liberal

[@notright7]

You can blame the state house of FL for this. Their. gov. gave the insurance companies a great law, and now the FL taxpayers are reaping the benifites.

[@Nyhiak]

Live in Vegas. GEICO rate went up 30%. They blamed it on more California drivers moving here! Different lie every rate increase.

[@Whit_Siever]

Here in Texas, I asked why my rates are going up. They said two key factors #1) auto parts shortages creating long waits in collision repair facilities #2) everyone and their brother is moving to Texas, metro areas with more drivers on roads than 10 years ago=more insurance claims= rates go up

[@richardl6751]

More drivers also means more income for the insurance companies. Don't believe them.

[@justincloudy]

Yea it’s like, your company’s ability to procure auto parts is not my concern lol

[@paulmorrow8372]

@@justincloudybut it is, if the vehicle cannot be timely repair then the insurance company will have to buy it back instead of repair it. Or if it takes a long time to repair the insurance company may be paying for a rental car for longer. Both of these scenarios result in the insurance company paying for money for a claim.

[@Whit_Siever]

When they said "more drivers" that demographic also includes uninsured motorists and drivers who hit-and-run (or both)

[@mmmd3429]

​@@Whit_SieverNo dancing and singing about Texas being the greatest and cheapest anymore?

[@miketuttle9319]

One part of the problem is approximately 20% of vehicles in FL are uninsured. It’s up to the state government to start cracking down on uninsured motorists. If police would start impounding uninsured vehicles that percentage would come down.

[@justing6594]

When in your life ever heard of a corporation dropping there prices? They don't. If they cracked down on it the insurance company would just make another bullshit excuse on why insurance is so high.

[@jeffc1347]

The state won't crack down on uninsured motorists because the reason they are an uninsured is because they work full time but can't afford car insurance and public transport is practically non existent. So if they crack down on uninsured motorists then the businesses will lose a lot of employees because they can't afford to get to work. The working poor in this state is caught between a rock and hard place due to under investment in public transport.

[@moisesperez4659]

Higher in Miami-Dade!

[@patriciamartin-e8o]

fl law you have to show proof of ins, to get tags mr tuttle

[@miketuttle9319]

Yes, but once you have the tag you can just discontinue paying for the insurance until time to renew. @@patriciamartin-e8o

[@billwhite1603]

Most of those reasons are bull shit lies. I live in central Florida about 25 miles in and 100 feet up and the most we suffer are a few power outages and some palm leave blowing across the yard. We don't get "salt spray" or any reason to, but our insurance went up the same percentages as those living in Gulf coastal Islands. We have an amatuer radio net every morning with hundreds of other radio operators and ANY incident that would involve insurance is so rare and spread out over the state insurance companies risks are so mitigated one really wonders why we need it and why our premiums have jumped so high? It's because the workers demand more pay so they don't suffer high food and gas like retires do and so officers and investors don't either. The only people suffering from hyper inflation are those on fixed incomes. I did get a $30 raise for 2024. Maybe I can buy some eggs.

[@bkanegson]

Rates for Fl insurance, home and auto, are skyrocketing way faster than inflation. Because the legislature and governor work for the insurance companies, not for their constituents. Also, insurers take premiums and invest them. When markets are down (as they have been due to rising interest rates), and insurers' bets don't pay off, premiums get raised to cover their losses. That they are allowed to do this goes back to the first point.

[@briangasser973]

It is not a conspiracy. FL is a tropical climate suspectible to catastrophic claims. If it was so profitable offering coverage, FL would not have to offer insurance through Citizens to its population.

[@bbbean]

The steep downhill all started when we moved away from being a purple state.

[@samuelglover7685]

But you have to admit that there are many fewer drag queen shows, so it's got to be scored as a net win for Florida. Most people will happily cope with unaffordable insurance as long as they know that THE GAYS are getting hassled.

[@exoressdelivers70]

​@@samuelglover7685No, I would rather let drag queen shows be legal again than be paying out the nose for car onsurance. I don't go to drag queen shows but for those who want to go, let them.

[@kennethkult7681]

Ask Ron he really knows how to fuck things up.

[@Tom-kn6sr]

Rhonda says he'll deal with this as soon as Mickey's finished with him

[@kaseyc5078]

lol compared to Newsome? Move to Commifornia

[@ThirtyYearstoolate]

@@kaseyc5078 Like "woke", can you define communism, and apply it to California? We'll wait.

[@stevetaxpayer6664]

But yet, tens of thousands of people are fleeing blue states for Florida.

[@bobroberts2217]

Love it when they fingerpoint about San Frans homeless problem and just ignore the fact that there’s homeless people AT EVERY CORNER IN FLORIDA. Crime is so bad that we got our own mascot: Florida Man.

[@Slingblade69ss]

The insurance companies are also raising rates because of all the technology in our newer cars and say parts cost more so your rates cost more,thats bullshit just think about how much we pay and not even use the insurance then they raise rates then we cant afford insurance and get cheap insurance, the only way to avoid higher rates is to pay the higher deductible

[@depo5626]

I recently moved back to Florida from Indiana, and I paid a comfortable rate that was barely $100 a month. I have a great driving record after all, and I drives a pretty standard truck after all, so can anyone please explain to me why my rates have jumped OVER 200%??? As soon as I started looking for new rates, every single insurance company started looking for ways to screw me and it’s disgusting. Even my old insurer gave me a worse rate, and the best rate I could find was online from an algorithm and not a person. This is absolutely obscene.

[@randyrrs7028]

my car insurance in tennessee was $1200 a year and in fl it tripled to $3700 and thats just for liability

[@depo5626]

@@randyrrs7028 what the hell are you insuring, a Freight-liner? Even tractor/trailer insurance barely costs that much…

[@randyrrs7028]

@@depo5626 i just have a 2011 hyundai sonata i dont understand why is it so much but im hauling ass back to tennessee in a few months

[@depo5626]

@@randyrrs7028 idk man... That is the most obscene rate if I've ever heard, even for Florida. That sounds borderline illegal honestly. I wasn't joking about Freightliners either, million dollar BIPD for truck drivers doesn't even cost that much. I know people probably one ticket away from losing their license who pay less than that. I'd highly recommend looking at other insurance companies.

[@ase2060]

Now auto insurance pricing based on credit scores, not so much having a clean record, Crooks! Home insurance ask if you had any claims, Crooks!

[@bittersweet2166]

I have farmers and I pay way too much. I asked if I am still getting the best deal since im not s new driver anymore, haven't had any accidents, I live in a small town now, I don't drive much going to work even, he said there was nothing he could do. They are losing me as a customer very soon.

[@PresidentNotSoSure]

Yeah they are taking you for a ride

[@yvelinecole2001]

Farmers living fla.

[@jtr82369]

Yup, total crap... Never used my insurance, vehicle isn't worth shit and somehow my rates jumped again... Shopping around once again...

[@jcmib7]

Higher cost of insurance is also causing a raise in non-insured drivers. Maybe insurance CEOs and all upper management should take 50% cut in their pay and cut advertising cost by 90% and sponsorships too. Before insurance companies hike these rates. But we already know that ain’t gonna happen 😂

[@isocarboxazid]

Sounds like "socialism" to me. Can't have common sense policies and consumer protections interfering with the free market. Make sure you thank Governor Rhonda!

[@morrismonet3554]

Typical socialist response.

[@bobroberts2371]

Why don't YOU open up an insurance co, charge less and make $$$ ?

[@Dept246]

Lol blame the insurance companies. It’s because of the huge claims is the reason why your car insurance is going up.

[@theo21021]

Geico CEO makes 1.4 million a year. Divide that by 17 million car policies alone that will save each driver 7 cents a year. Wow huge savings 😂

[@tomobedlam9045]

ZERO accidents, ZERO tickets, and yet, they raise my rates every year at least by $100 a month, claiming it's because of insurance fraud. I told them to get better investigators if that's the case. I've had the same car, paid off, for the last ten years. It's greed, PLAIN AND SIMPLE.

[@jlizcano3317]

Paying out millions of dollars to "I'm a big lawyer too" isn't helping the situation.

[@1233-h1]

Glad I don't own a car. No payment, no insurance, no gas, no tires, no oil, no registration fee, no smog fee, no parking fee, no tolls, no car wash fees, no crazy drivers. No house ownership. No mortgage, no upkeep, no HOA, No insurance. American dream my a$$. Like George Carlin said you gotta be sleep to believe it. I'm NOT asleep and I've NEVER believed it!!! I save my damn money.

[@enrique88005]

How you get around? No mortgage, you rent? Just thriving money away

[@1233-h1]

@@enrique88005 First I DO NOT live in Florida. I live in a large enough west coast city with an excellent public transportation system. I can get anywhere on it so owning and maintaining a car with all the attendant expenses is foolish (for me). I rent. I have a rent controlled apartment where the rents can only increase by a small percentage each year. As I said in the previous comment I have no upkeep or maintenance expenses-that's all on the property owner. I have a 220$ a year rental insurance policy and my rent works out to 24% of my income. Utilities are minimal and then phone and internet. No I am NOT throwing money away by renting. The new York Times had an excellent article a few years back where they broke down the TRUE costs of home ownership. First you NEVER really own it. Property taxes for one. Then your mortgage payments begin with interest payments for many years and as you build equity you are only breaking even usually. Then there's upkeep, insurances and nowadays maybe HOA fees. So by the time you PAY off the house, you've paid many other things to. So even if the house doubles in assessed value in thirty years when you subtract all of the carrying costs of home ownership etc. all you've done is really invested in a savings account if you sell at the right time. Then if you under 55 you have the capital gains tax which eats up a portion of your equity.

[@dhharris32]

Left Florida insurance dropped $1200

[@FLORIDAHOODVLOGS]

The people in fort Myers Beach didn’t get insurance hikes.. the poor people inland did.. its all BS

[@SuperWarJam]

It’s because of the one way attorney fee statue was just ruled invalid on residential property, so lawyers are turning their attention to suing insurance companies bc it’s not as easy to sue home insurers anymore. This report is totally missing the mark. The only thing that is going to fix this is a change in legislation.

[@slaintemhath3475]

Your simple view of the situation is laughable.

[@kenbob1071]

Ron Duh-Santis's Florida.

[@VLuee]

Someone needs to get health and auto ins under control asap

[@markplain2555]

Insurance is a protected industry ie: a lazy bloated industry. If you have no choice become creative - Insure from out of state. . With every year that passes your car gets older (cheaper to replace) and your driving experience increases (you are a safer driver) yet some how insurance companies find an excuse to increase insurance. . A healthy insurance company should make a ratio of premiums 4 x the total payout in claims. In North America they are making 26 x the total payout. We are being taken to the cleaners and there is nothing we can do about it. . Get creative.

[@LA_Unconfidential]

The entities that are increasing prices always blame inflation ECT. It's greed plain and simple.

[@DemPilafian]

Greed by people filing claims or greed by insurance companies? Please clarify who's to blame so I can properly direct my extreme rage.

[@WeatherHappens]

​@DemPilafian clearly greed by insurance companies

[@DemPilafian]

@@WeatherHappens What is to stop consumers from shopping around? Are you saying that consumers are too stupid or that all the insurance companies are secretly colluding to fix prices?

[@AonlineRedneck]

The area I live in Florida has had no impact from any storms, no flooding or any other type of activity but Progressive raised my premiums 30 percent and the storms was the only reason I finally was able to get out of them, see you Progressive won't miss you!

[@arthurbrumagem3844]

I have had state farm for almost 50 yrs and live in Mn . My rates went up 19% this year and have been climbing 8-10% the last five years or so

[@dimitriberozny3729]

You have to pay for Jake’s new State Farm pajamas!

[@LuisMorales-te3qz]

Yes,We have State Scam also. One of the worst and most expensive. But,then again, they're ALL bad and expensive. Insurance is a SCAM!

[@karmendimas5274]

and so is the OIL industry, that TOO is a HUGE SCAM! @@LuisMorales-te3qz

[@raybod1775]

It’s called inflation, complain to Congress for running huge budget deficits

[@arthurbrumagem3844]

@@raybod1775 no kidding, would never have thought inflation played into things going up so much. Thought the “ build back better “thing was improving our lives by making everything unaffordable

[@glynnjohnson3531]

New vehicles with high tech features might cost more to repair but not cars 10 to 15 years old.

[@bluedoggum8373]

Imagine not realizing it’s just a giant scam

[@adamtedder1012]

Its getting pretty horrible.

[@MillerMeteor74]

I'm in NJ and I had Allstate since the mid 90s, almost 30 years. Long story short, I lost my Allstate policy over an unrelated problem. So anyway, I went with Travelers because they were recommended by a friend. He had 3 vehicles, 2 of which were on full coverage. I on the other hand have only two vehicles and both are 30 years old. I got a quote online, and the quote went up twice while still in the process of getting it! Then when the system asked if I wanted to buy a policy, and I said yes, the price went up again! All of this was less than a year ago. Since then my rates of gone up yet again. Meanwhile I barely drive. Then one time I used the live chat feature on the website and complained to the company. I was told "It's not just you. It's everyone, and with all companies." I'm not sure I believe that.

[@Terrathrax]

It sounds like deceptive pricing to get you to say yes, then the increases start.

[@MillerMeteor74]

@ordo8351 I think in NJ they can be registered that way once they reach 25. But the insurance companies require that they be garage kept, from what I remember reading. Unfortunately I have no access to a garage at this time. But there's a long story regarding my current living situation. Thanks.

[@johnh4973]

Travelers is the worst possible insurance. With your vehicles being 30yrs old you could try to get classic car insurance?

[@MillerMeteor74]

@@johnh4973 Thank you for the second opinion on Travelers. I'm glad to hear someone say that. I'm definitely going to look into other companies, and possibly Classic Car insurance for one of the cars. Thanks.

[@The00Dude]

Meanwhile Ronnie the Clown governor of Fl fights CULTURE WARS

[@michael2275]

When the gov't wastes $5T+ this is the result.

[@SuperFitness12]

Because Ron DeStupid could care less about the residents of Florida!!

[@samuelglover7685]

What on earth do you mean?!?!? He has single-handedly protected Florida from the *real* menace, drag queens and "woke".

[@mmmd3429]

Never has and never will.

[@mediocreman2]

What do insurance rates by a private company have to do with the Governor?

[@iluvutube4886]

Exactly!@@mediocreman2

[@sharongillesp]

Hope they keep raising car insurance because maybe we’ll get fed up with car centered cities to include better, cleaner, efficient and beautiful public transportation AND eliminate single family ZONING.

[@RandumbTech]

It’s estimated that nearly 20% of all vehicles on the road in FL do not have any insurance whatsoever. Rates are rising to cover the costs from uninsured motorists. FL is incentivizing people to NOT buy insurance at everyone else’s expense. It’s ridiculous.

[@VagrantCode]

When I went to buy motorcycle insurance, to cover uninsured motorists was 5x as much as without uninsured motorist

[@paisteplayer1040]

Not sure why people want to live there

[@TakManSan]

Wow! That’s ridiculous! Great Job Wall Street! We’re paying less than $90/month on insurance for our 2015 CRV. Living in Florida sucks!

[@patrickbodine1300]

I purchase my insurance from a company that does not advertise. They do not sponsor races, racecars, boats, airplanes nor do they have animals. Why pay for that?

[@lifelonglearner2441]

Its not the insurance industry's fault. Its the fact that driving in Florida is so damn dangerous! The city streets are designed like highways, people drive way too fast, and law enforcement does nothing to crack down on reckless driving. People are killed and injured every day, causing insurance companies to pay out massive claims. Blame your local leaders.

[@keytothegate68]

Never had an accident in over 20 years not living in high risk area and rates doubled now

[@hellowhat7803]

Insurance needs to be investigated. BS excuse they say “oh because parts went up labor” BS that was 2021 stop using the same excuse. It’s crazy the amount I’m paying for. I had great coverage high protection over 250k but it have increased 3x the price. Had too lower the protection to the point that it doesn’t make sense to have insurance.

[@Redeyereaper8]

But the most amazing thing is they always claim a huge profit and then raise your rates.....also the vehicles are still worth the same....the only thing that went up was the fictitious rate hike.....their should be a law if they claim high profit margins then rates shouldn't go up....also the ceo and their managers overly high pay rates should be knocked down to a reasonable rate...rule of thumb if your making huge profits then your not hurting...

[@miapapa1955]

Everything is going up , If your retired, think of moving out of the country or if your young and want a house and family think about that too or move to a cheaper state.

[@KRIPSYNODUTS]

In simple terms it’s an avg 50% ($3k avg) higher than neighboring south big states GA and TX ($2k avg) and almost same rate as New York.

[@zAlaska]

The CEO of the company that makes the $5,000 computerized tail light is struggling as well, which island to port in. And then there's the Kia challenge. Can you start your car with a quarter? If so you need a hit hidden kill switch.

[@kentuckybowl-o-sticks]

Yes, but who would waste a quarter to steal a KIA? : )

[@jd881]

I guess all these low wage employers are going to have to start getting off their wallets soon or there will be a large amount of workers who will start leaving Florida. I can be broke in Alabama, not have snow, have warm weather and not be nickel and dimed by everyone with their hand in my wallet. For all the newcomers, welcome to the no tax state. sure.

[@RChyshkevych]

Well, i guess thats going to reduce all those insurance fraudsters living here in the northeast with Florida plates

[@dimitriberozny3729]

They will switch either to Vermont or New Hampshire plates,and ditch the insurance because insurance is not compulsory in New Hampshire or checked in Vermont.

[@DoorTrash]

Yes, people who drive regular vehicles are subsidizing losses for high end sports cars (Lamborghini, Mercedes, etc) that are a total loss in hurricane. Maybe that should change?

[@dragonrider8831]

Insurance companies are in the business of making money first, then provide insurance. If they pay out a lot of money in Florida, they the need to raise premiums. Simple economics

[@eds5977]

There is no loyalty

[@ADHJkvsNgsMBbTQe]

I want to see the profit/loss statement of the insurance companies. Are prices fair relative to their cost or are they just making excuses for profiteering? And is the rate commission looking out for consumers and ensuring a fair market? I want the reporter to dig a little deeper.

[@anniesshenanigans3815]

the insurance commission is a huge scam that works for the insurance industry. Same as any other 'regulating' governmental body.

[@bbbean]

Reporters don't do anything nowadays lol. Just skim the surface and don't even fact check half the time. This story doesn't even come close to the tip of the iceberg on why insurance rates have risen exponentially

[@ADHJkvsNgsMBbTQe]

@@bbbean hope springs eternal. Maybe they’ll take this as a suggestion for things viewers might be interested in seeing.

[@Kenzie_Hill]

Insurance companies are making huge profits, plus they go extremes to not pay a nickel on claims

[@user-ff5nv8ft6n]

All that bs about the expenses going up is bs. What happened to all the money they been pocketing for years??

[@MuppetJoe]

I’d be willing to bet that if we were to look at the insurance companies’ profits over time, it would tell a much different story!

[@davidbrayshaw3529]

I'd be willing to bet that the biggest reason for the huge increase in insurance costs is due to the huge increase in repair/replacement costs. Have you purchased auto parts, lately? Or building materials? It's frightening.

[@denopellegrino7326]

Don't forget the Lawyers.

[@dimitriberozny3729]

AKA shister bastards!!

[@orioles1971]

My car and home is insurance is with same company and my rates are fair. The combined rate in 2021 policy was $5000.00 in 2022 it went to $5500.00 and 2023 it was $5800.00 so no large increase. But many of my neighbors have told me they got hit with much larger increases. My suggestion is a month before your renewal shop around and combining the two policies seems to save you money.

[@millerc661]

Over all greed

[@Steelviper61]

Im 61 and I have seen and paid it all it seems. I learned the other day my friend who lives in Phoenix, AZ uses a service called "Waymo" self driving luxury Jaguars. He uses his phone and the app to go where he wants when he wants. He loves it so much he sold his car. No more overpriced insurance bill, no more greedy car repair bills, no more expensive parts to purchase, no more dealing with dishonest salesmen or big box car lots, no more bumper to bumper warranties that don't warranty "that", no more high gas prices etc. I can now see the advantage, can't wait till this service hits my city!

[@DoorTrash]

Progressive announced a huge stock buyback this year.

[@joshpratt5519]

Can't we just mention greed too??

[@philcrane2426]

Best thing is to get rid of financed cars, buy a cheapo and pay cash. Then cancel your insurance. No liability on the banks. Say you are self insured? Just go without insurance like 1/2 of Florida does. How much do illegal aliens pay for car insurance and how are they rated for car insurance in the beginning?

[@gregmccarter2176]

In Florida the dmv will suspend your driver lic, shortly after you don't pay insurance..

[@SlickRick135]

That’s the part of the problem, you’re paying for the ones who don’t have insurance as well. A suspended license isn’t going to deter anyone, half of south Florida drives with a suspended or no license.

[@paddyoak1]

In Pennsylvania, canceling insurance means that you have to mail your plate in. I imagine that most states operate this way

[@seriejohnson698]

@@paddyoak1Not in Michigan, when it is time to renew, they make you go tho the DMV to show proof of insurance. Not sure what else they do as I have always had insurance.

[@cdeeznutzz]

@@paddyoak1no it not lolololololol

[@rickymcdonald2669]

Lived in Florida from Illinois and my auto insurance rates doubled. I am 57 and paid twice as much as I did when I was 30. Glad I moved

[@ruck-a-tron]

I live in Orlando and my car insurance is $400 per month for 3 vehicles. It's pretty ridiculous here. Orlando is far enough inland that hurricanes don't do anything here. I used to live near Destin, in the Panhandle, and it was a lot cheaper there. It was actually in a hurricane danger zone. I don't know why the rates are so high here, but hurricanes aren't the issue.

[@joeleonard9965]

You have some of the worst drivers in the country and the state constantly has natural disasters

[@markp.7165]

To know whether $400 a month is high we would have to know what vehicles are being covered. $400 a month would be $4800 a year so if you have expensive cars that would mean a one claim could easily be more than that on just one vehicle. My point is cars have gotten so expensive to own and repair that is a big part of the reason prices are soaring.

[@dustin9258]

Same here. Live in Tampa. Wife and I have 3 total cars. Pay 400 a month to progressive. Was paying 450 to geico.

[@joffrecueva5662]

Sounds like jersey prices to me

[@ruck-a-tron]

I may have to check out Progressive. I have Geico now. When I moved from Destin to Orlando, my rates almost doubled.@@dustin9258

[@waltbroedner4754]

The way things work is that companies and landlords want to maintain their level of profit PLUS a handsome yearly increase no matter what happens to the economy, we the people are the ones burden with the downs without any recourse.

[@retiredlawman4710]

WE THE PEOPLE have not just lost FLORIDA , WE'VE lost the ENTIRE UNITED STATES . Look Around , Take It All In , Big Trouble is HEADED OUR WAY !!!

[@mysticada]

It’s GREED call it what it is

[@richarddexter7641]

Just remember one thing when it comes to insurance (and it doesn't matter whether you're talking about auto, homeowners, or any other property insurance). If the company you're paying premiums to won't pay your claim when you do have one, you're paying too much for it. It's not just about the cheapest rates; you need to ensure the company that insures you is going to pay their claims as well. If that means you have to pay more premium for that insurance, you aren't really paying more--you're paying what you need to pay to ensure that you're being made whole at the end of the day.

[@hlee-w9u]

It's been 2 years since Ida and Geovera still won't pay, they were sued in August, last year after being extremely stressed out by them I had a massive stroke at 36 years old. I had to have brain surgery, was in a coma for a month and in the ICU for almost 3 months. Couldn't walk or talk when I first woke up. You're exactly right, you're legally required to pay a company that doesn't have to pay you. I'd never filed an insurance claim in the 12 years that I've owned my house but it sustained over 100k in damage from Ida and they refused to pay. Now I still have to insure a house that I can't file a claim on unless it burns down because it's too damaged to file a claim for anything other than that. I took out a policy 2 months ago and paid 2600, they then raised the premium after I paid to 3700 and sent a letter to my bank and they paid them without my consent.

[@lowandslow3939]

Insurance companies have been raping consumers for decades. They make so much money, they don’t know how to invest it all. Have you ever heard of an insurance company going out of business? Nope. Their outrageous profits are continuing and we are paying for the increase in costs to repair, etc.

[@NuSpirit_]

No surprise. I'm in Europe but car repair prices are crazy! I got hit on intersection (nothing too serious, just need to replace both doors on left side but you wouldn't be able to say why if you looked at it - it looked only like scratched but internal structure was damaged so it wouldn't be safe anymore to use those doors). Sure why not, the culprit had insurance. When I went to a recommended company by insurance for repairs, they checked it and the bill was €4500 for 2 new doors and paint, nothing else - no other repair, no chassis damage, just the doors replaced by a new ones. More than 1/4th of the original car price. And I was like WTF.

[@bbbean]

That's not expensive. Body work is always pricey, especially given what kind of car it is. Two whole doors are a lot to replace.

[@NuSpirit_]

@@bbbean but for just replacing the doors? I could understand if they had to fix something or such, but just unscrewing old damaged doors and installing new ones?

[@bbbean]

@NuSpirit_ its not that simple. They have to pay for the part itself, then make a profit and charge for labor. Mechanic labor charges are expensive. They already had to spend time diagnosing your car and checking everything over. Putting on a new door isn't just "unscrewing it." There are electrical wires that all have to be connected on each door. You don't understand the work that goes into it, therefore you think that price isn't justifiable. Google says average car door replacement is $500 to $2500 per door which is €471 to €2355 so... yeah. The price you quoted fits within that. It's completely reasonable

[@NuSpirit_]

@@bbbean tbh I would probably flip out more if I was paying for that, luckily it's now insurance that's footing the bill. But with prices like these no wonder insurance is going up and up.

[@Swalley311]

The reporting here leaves much to be desired. They didn't even mention WHY Florida is particularly high compared to other states??

[@karlnordinger5968]

Useless more accurately describes it or better yet " insursnce gossip ".

[@LeachimSagrav333]

I haven't experienced a flood or such. Insurance was 115 bucks in January for 4 vehicles now its up to 145$

[@rongendron8705]

Do you mean $145. a month? That's less than $1,800 a year for 4 vehicles! That doesn't sound that bad!

[@LeachimSagrav333]

Yeah I know it's still not bad but considering what I paid before. I mean. it is what it is.

[@GHinWI]

It’s not whether you’ve personally experienced a flood; premiums go up because FL is increasingly a higher risk for insurers. More storms, worse storms, rising seal level, more expensive cars. Someone’s gotta pay-the insurers don’t run a charity.

[@internallyinteral]

I see so many Florida cars in NYC im not surprised at all this is happening.

[@codacreator6162]

Two words: socialize insurance.

[@RDC_Autosports]

why i parked my semi, went from $6900 a year 23 years no accidents and it went up to $16,900 a year. that was that 🤷‍♂️

[@philcrane2426]

Yes, but if you don't have a claim EVER you still get a huge increased rate. That's BS Baby, charge the ones who make the claims. This is socialized car insurance. One screw up everyone pays for it. AGAIN MORE BS!

[@ThirtyYearstoolate]

Insurance IS A POOL of the insured. How old are you?

[@marvinbrando722]

Totally

[@jro7815]

Are you being serious? Insurance is sharing risk in order to protect against an individual sudden loss. You Americans have let private companies misinform you and made you think private insurance is some sort of "individual" product, but it is not and it never has been. By the way, the same concept applies to all forms of insurance including healthcare. Doesn't matter if public or private.

[@anniesshenanigans3815]

agree. I have to laugh when people scream about socialism and how our county doesn't put up with that.

[@karlnordinger5968]

That's how insurance works .