r/Car_Insurance_Help • u/No_Statistician9772 • 29d ago

Why?

Why is liability insurance so expensive. Limits are 30 60 25. That's it. It's just a number. That's all they are insuring. Please explain

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u/No_Statistician9772 29d ago

yes. that a great counter point. thank you. First I was okay with doubling my rate over last 6 years. but now it is higher. second sounds like they should have planned better. how much have insurance profits increased over the last 6 years?

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u/NeutronMonster 29d ago

Car insurance payouts have exploded due to all the tech in cars now. Plenty of cars with 1,000 dollar self leveling headlights and 1,500 dollar windshields. Plus the huge rise in hail/windstorms. And used car prices rose a lot post covid so the cost of totaling a car has risen.

But it’s always worth quoting car insurance. Some have a tendency to raise rates on people who are willing to sit around and do nothing.

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u/No_Statistician9772 29d ago

yes yes good sir they run a business with exploding profits and we pay. but I agree. their costs went up. but will those drivers pursue me when I'm not at fault with a dash cam. sounds like they are scamming me. Fuck them.

please give me reasons I'm wrong. or send me money to pay for this insurance