While car prices dip lower and gradually come back down to pre-pandemic levels, more Americans are still feeling the financial pinch from car ownership — because of insurance.
people learned that they didnt really need a car during the pandemic if they can pay someone else to deliver whatever it is they ordered. fewer vehicles purchased = less insurance purchased.
Did we read the same article? The point is about more severe crashes.
If you have data to back your point up, I’d love to see it. I’m not aware of any major changes in vehicle purchases. I’m not sure how that matches with more overall crashes, as the article reports.
people learned that they didnt really need a car during the pandemic if they can pay someone else to deliver whatever it is they ordered. fewer vehicles purchased = less insurance purchased.
rates rise to compensate.
Did we read the same article? The point is about more severe crashes.
If you have data to back your point up, I’d love to see it. I’m not aware of any major changes in vehicle purchases. I’m not sure how that matches with more overall crashes, as the article reports.
oh, I skimmed the article, but there’s more to it than car crashes. 90% increase in insurance rates over 12 months?
no, it’s clearly a cash grab while the grabbin’s good.
Huh? It says 17.4%, where did 90 come from?
The inflation graphic used is misleading, likely to shock and disturb. I saw that 20% as 80-90% as well the first time.
AI hallucination?
No, that’s not what is driving this at all. The replacement cost of a vehicle has increased significantly. That’s the root cause.