From the article: three main reasons-bad weather, more costly accidents and a decline in the insurance companies fall back source of income-investment (bond) income. I just had to investigate this as I was baffled why we continue to pay more even though we are model customers-no claims, safe drivers, etc etc. Seems like when we all were younger, rates just went down as the car aged. Now they go up! I've always regarded insurance as a necessary evil. An yes, I am pissed off right now. But at least I know that it's hitting everyone, and if I went shopping for another company, I will likely find the same conditions. Anybody experience anything different?
https://www.forbes.com/sites/ccasaz...nsurance-rates-still-going-up/2/#5e1bd8e4347a
https://www.forbes.com/sites/ccasaz...nsurance-rates-still-going-up/2/#5e1bd8e4347a