Major auto insurers are pulling back in the California marketplace because they are saying our drivers are just too expensive to insure.Auto accidents are up and some insurance companies say they are paying out more than they are taking in. But, the insurance commissioner says the facts don't support their claims.
"The cost to rent a car is up 33% and the cost for a new vehicle is up 11%," said Denni Ritter, American Property Casualty Insurance Association. "What we've seen is that you have insurers who are paying out more in claims than they're taking in with premiums. That's not a sustainable business model," said Ritter.
"They might ask you to pay in full instead of having a payment plan. Right now, all of the carriers that I can even think of have restrictions. They literally say, don't write please," said Karl Susman from Susman Insurance."State farm, you can no longer get quotes by calling them. You have to go to an agent's office," said Susman
was just wondering yesterday how high car insurance premiums are in Los Angeles, think I can finally afford a car next year, but the insurance could be an issue, even with a clean driving record, and a 800+ credit score, Zip code prob makes a difference too
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Can't blame them.
Who isn’t ?!?!
Try owning a house that's within a mile of any brush, hill or trees!
Car insurance is a scam anyway. They always want to wiggle out of claims that involve big money.
Save you a click: Geico has no more offices and Progressive has stopped advertising in the state. Why? The state insurance commissioner refuses new rate hikes as insurance companies haul in billions in premiums. They can’t refuse to cover Californians.
Geico is butt anyway
I also want out of California 😂