Why Car Insurance Rates Are Skyrocketing In The U.S. - YouTube
Car Insurance price has been increased in united state. It has been increased by around 40% from the average of 2500$ per annual in new jersey
One example was increase to 3100 for 4 drivers for 6 months and after 6 months it becase 3900$ for same car with same drivers. She got app and was checked to be more safety driver to buy insurance cheaper
In 2022, auto insureres have been suffered by worst loss with the combibed ratio of 112%. In 2016, combined ratio was above 100% explaned by the spread of iphone which lost attention of labor
Recently there has been layoff for improvement of combined ratio
Now auto insurer is improving their profitablity
To use Credit card score for priricing is prohibited in some united states. Credit based insurance is one of the item to be used. College degree / professtional job are also observed to have impact on payout.
Uninsured drivers are increasing. US traffic has been increased compared with ebven before pandemic. This causes death accident to be increased.
Activity such as Paying in advance reduces the insurance premium
