My insurance rate within the past 2 years has gone up about 40% No points, no accidents. The vehicles are getting older. Makes no sense. This is ridiculous. People have always sued and parts plus labor have always been expensive. This all started a few years ago. I wonder why 🤔
@36742650885Ай бұрын
George Soros funded Prosecutors, and Politicians have decided to defund police departments, stopped prosecuting crime and have embraced Lawlessness as virtuous ..
@babycakes84345 ай бұрын
How ridiculous that they penalize you even if you were not at fault👿
@Mr.Majestic772 ай бұрын
Yes. When that happens (i.e. State Farm) it's no longer a family feeling and it time to shop around for another auto insurance company.
@Sarcastic_Asmodeus6 ай бұрын
My insurance on my 2015 old Lexus keeps going up. I get that newer cars are more expensive, but why an old car that has outdated old tech, shared parts from cheaper cars, and is still in production? I have a clean record. No car accidents or tickets. My credit score is in the high 700's, too. Lol
@babycakes84345 ай бұрын
That's crazy. You should talk to your insurance, and maybe leave them if there is an issue with the insurance company ...
@MrLifter20Ай бұрын
Just a heads up the car you might hit have gotten more expensive. Hence the cost of repair will still impact you. It sucks.
@falsificationism7 ай бұрын
This was all explained so well! Also makes it alarmingly clear that individual vehicle ownership combined with boom-bust cycles is a nightmare for urban planning. Bikes, walkable streets, buses, and trains are infinitely more scalable than these insanely pricey houses on wheels. I think we've reached terminus when it comes to car culture and car-centric urban planning. Until I can move to a more walkable city (or fight for more walkability and transit where I live), it's great to know what's driving the insanity. Premiums have gotten insane, especially relative to the value of my vehicle. I think I'll be shopping for a new insurer thanks to this video!
@mynock2503 ай бұрын
In an investor earnings call Berkshire Hathaway (owner of Geico and other insurance companies) Stated the reason for there 30% growth in earnings was for 2 reasons. First they raised there rates substantially and 2nd they had many fewer claims . The so called inflation rate for the last fiscal year if you look past the surface was. driving by 2 things, electricity and you guessed it car insurance….not food (actually is negative). So the the reason for the rate hikes is corporate greed, they have no oversight and the industry is controlled by a few , very few corporate interests they can raise there rates as much as possible.
@Kennypeagler4 ай бұрын
I was shopping for new car insurance and they’re trying to charge me damn near 5-6k a year for a used Honda civic. Ridiculous.
@travmoo867 ай бұрын
Im in MO. Mine just shot up 1000 for the renewal and that’s after 20 percent last year as well. The problem I keep running into is that all the “insurance search engines” want consent to blow up your phone and let everyone start trying to call you. I just want the bids. If I’m interested I can contact to discuss further.
@ThinkInsurance7 ай бұрын
That’s what those websites do. I have a similar consent on mine but only share your information with one agent and made them sign a consent that they won’t sell your information :0). Trust me, spending 10 minutes talking to the agent will help them better understand your specific needs.
@Michelle-bw1xg7 ай бұрын
@@ThinkInsurance Thank you for sharing this. Will consider contacting Think when I get renew docs this coming week!
@RN_BSN_PHN3 ай бұрын
*Best way to avoid Insurance inflation? NEVER BUNDLE WITH ANY SINGLE INSURANCE COMPANY. DIVERSIFY ALL YOUR POLICIES WITH DIFFERENT CARRIERS*
@JazzyGazzy-nj8rn3 ай бұрын
hearing the average premiums was very helpful, we ALL are getting screwed man lol drive safe everyone i think im ready to get a bike xD
@Jasiel.956 ай бұрын
I have to do this. My insurance is 2K per 6mo 16 mazda3 w/ elevated coverages (300k, medical, pip, etc.) renters bundled in. With progressive get into an at fault accident 13 months ago and a not at fault December 23. They paid out a lot in less than a year come June my premiums are going to be high as fuck again. They were going down so much.
@Michelle-bw1xg7 ай бұрын
Watch to the end. Appreciate all your videos, shorter and longer. Renewal coming up so good timing. How far ahead should I shop around for rates? Lots of EVs where I live and reckless drivers which drives up cost for all. Agree that independent agent is the way to go.
@ThinkInsurance7 ай бұрын
Thank you. Shopping around can be done anytime. A lot of people do it 3 weeks before their renewal but, it’s more so when you’re ready. Insurance is open ended so if you change companies, you’ll get a pro rated refund from your old company if you’ve already paid them.
@dogewisdom99213 ай бұрын
Crazy how cars depreciate but insurance goes up.
@graysonsmith70317 күн бұрын
Mine has gone up by 200%. I haven't had a ticket or accident in over 2 years.
@Bpbpff8 сағат бұрын
What happens when people manage numbers and not business
@RottingQueenАй бұрын
I watched my car insurance jump after any accident that took place, no matter I was no-fault in all cases. The only incident I was at fault for was recently, a fender bender with no damage to my car and a bumper replacement on hers. (In fairness, she stopped short where she should not have but - I did hit her on the "backside", so I am at fault.) I just got my 2024 rate and it is +$100 USD a month to my 2023. It puts me over $350/mo for (1) 2014 vehicle. I don't know what they expect people to do, honestly. I have to have insurance, but I can't afford insurance at these rates. I checked with Geico, Progressive, All State, USAA, AAA, etc. and all of them are over $300 or worse. . .
@ahotdj074 ай бұрын
I want to know why looking for insurance, what does my race, education level, marital status, if I owe or rent my home has to do with my rate? How is that relevant?
@lawrencerocque73117 ай бұрын
Watched til end very informative
@ThinkInsurance7 ай бұрын
🙏🏼 thank you, I’m glad it was!
@MrWiley34 ай бұрын
Thank you very much
@gordonliddy94184 ай бұрын
my 21 chevy trail boss is incredibly outrageous to insure. I have good credit, a squeaky clean record and yet Farmers Mutual want's to bend me over like I'm Andy Dufresne in the Shawshank prison laundry room.
@alanharding24855 ай бұрын
Thank you
@Peanutdenver28 күн бұрын
Every state uses your credit score except here in California, Hawaii and Mass. I have a great score but I think it's unfair to use one's score against them with such a heavy punishment when the score is, say below 600. Most States, as you know, make liability mandatory so these Insurance companies have the public over a barrel once you get past this coverage. There is little competition in the industry and is no longer fair to those who are struggling financially or are fresh out of uni(to name but a few). They also give a ton of SI money to politicians who are solely motivated by the power they can achieve and the money they can pocket so there's no motivation to fairly regulate the industry. It's a horrible industry...much like the credit card industry.
@Starship0074 ай бұрын
CAP Lawyer fees like doctor fees.
@lytesout2007Ай бұрын
Hey. Thanks great video. I just subscribed. Question. My insurance has gone up about 20% in the past couple of years. Have 2020 GLC 300. It cost me more now than it did when I first bought it. I’ve move to a better area and gotten married. No accidents, glass claim 8 years ago, no speeding tickets within last 15 years. 800+ credit. Any advice?
@ThinkInsuranceАй бұрын
Thanks for watching 🙏. What state are you in?
@lytesout2007Ай бұрын
@@ThinkInsurance NY
@ThinkInsuranceАй бұрын
@@lytesout2007 The first thing I would do is look over your policy, or have an agent look it over and see if there is anything missing, changed etc... Maybe even check your discounts again with your agent (I have a few videos on all of these you can watch if you want an idea of what to look for). Next, if you are unhappy with the price to coverage and shop, I would consider looking at NYCM or Progressive. Both of them are pretty competitive in NY. Preferred Mutual as a backup.
@guspaca4947 ай бұрын
Can you write home & auto policies for Laurel, Mississippi ?
@ThinkInsurance7 ай бұрын
I am not licensed in MS 😞 . I have a few agents similar that are connected with me that your info will forward to one of them if you want to shop. You can fill out the quote in the description.
@Starship0074 ай бұрын
Average new car $48,000. Prices up on everything
@rofuo097 ай бұрын
I'm in Ohio and my insurance has gone up so much in the past 2-3 years. It was never this way before. I have no accidents on my record, no tickets, and a great credit score. My current provider is State Farm. All I need is renters and auto insurance. Maybe an umbrella policy but I am not sure. Any company recommendations?
@ThinkInsurance7 ай бұрын
I would start with my guy John. If you fill out the quote in the description, he’ll likely reach out to you pretty quickly. He is my main agent in several states, OH included
@rofuo097 ай бұрын
Filled out the quote and will wait for a response. Thank you! @@ThinkInsurance
@Starship0074 ай бұрын
Inflation in terrible last 3 years and compounded yearly
@aahmed295 ай бұрын
Question to the creator of this video, how much money you've made so far by selling the personal information of users who use your link (in the description) to find better car insurance quotes?
@ThinkInsurance4 ай бұрын
That’s easy to answer 😀, nothing. I don’t charge agents to connect you with. In states my agency is licensed in, if we can help, we’ll earn money there but I personally don’t see any of it at the moment 😢
@andreaustyson66555 ай бұрын
17:36
@towfoe38026 ай бұрын
Do you have an agent for Rhode Island?
@YTnights7 ай бұрын
I requested quotes from your website multiple times but never received any calls!!
@ThinkInsurance7 ай бұрын
You should have. I have several agencies that help in states my agency isn’t in. Reply to the Thank You email and I’ll connect you with an agent.
@kelisurfs2475 ай бұрын
Mark how do I find out what the state laws are?
@ThinkInsurance5 ай бұрын
State laws are in your governments website. Good that first then go to the insurance section and you can start looking up requirements and laws.
@Starship0074 ай бұрын
Less lawsuits with deaths and injuries though in safer cars
@Michelle-bw1xg7 ай бұрын
What is the difference between "Standard" and Excellent" on desired coverage level on your Quote Request form? (Home + Car)
@ThinkInsurance7 ай бұрын
Standard and excellent are very similar. The excellent refers more to wanting above average, maybe lower deductibles, extra medical coverage. It’s more of a guide to the agent of what to focus on for you. Personally, I usually give you both options depending on how large of a price difference it makes. My agents tend to start the quote and schedule a call you to go over and tweak them to fit you’re actual needs, not just your cookie cutter options
@benhoganjr6 ай бұрын
disagree...my top 5 CA TX FL NY MI...top 5 worst rates. LA NC SC DE GA horrible... OH has gone insane. used to be like top 3 to sell in. NV CO MS IL NJ also horrible states.
@Starship0074 ай бұрын
New car prices up 41% from 2029
@MiggyMouse6507 ай бұрын
I just got a GR86 these mfs want 800 a month..... not even my car payment is that high 🤦🏾♂️🤦🏾♂️🤦🏾♂️
@Keonahawk246 ай бұрын
That’s crazy
@madagirl20265 ай бұрын
Hell yeah I just got caught at 560 a month for full coverage…. I’d rather hang myself.
@Kennypeagler4 ай бұрын
Ridiculous.
@WISHBONEL77 ай бұрын
How about a person that is debt free with a zero credit score , that pays the full policy upfront ? . Is a credit score even relevant to that type of customer ? .
@ThinkInsurance7 ай бұрын
Yes, if you have a no-hit in your credit, there is a default they use. This goes more into depth on how the credit score is factored: Do you know your insurance score | Credit Score vs Insurance Score, what you need to know kzbin.info/www/bejne/bJW1ZGBnfr2oe6c