Insurance premiums on the rise

[Sluggo]

Here they are boys and girls. What will you do to hold yours accountable?
Rep. Jon Nelson
Rep. Scott Louser
Rep. Emily O’Brien
Sen. Jerry Klein
Sen. Shawn Vedaa

 

[LBrandt]

Me and my insurance agent had a go round last month cause my insurance on house went up about 300 per year for same exact coverage. I told her that I was not paying for other people's stupid shit and that I would be looking into another insurance co. She said she would get back to me. Not holding my breath for long. LB

 

[mikef]

One of our elected legislators in our ND congress decided to change the reporting of minor violations on all us ND'rs.
So rolling through a stop sign used to not count against you, a minor speeding ticket was not an issue, low dollar claims were not factored in.

Well this individual decided to add these back in, and because of this we are having giant leaps in our premiums.
And of course the pool is spread and lots of big claims in shit eating states makes ours go up too.

But mostly it was a busy body ND elected jack wagon that cause all this.

Do tell?

 

[mikef]

Do tell?

Nvm. I saw it

 

[WormWiggler]

My insurance went up 40%, American Family... interesting that this is blamed on politicians in ND. My agent is in ND but I am not and pretty sure AmFam is not a local to ND company. I suspect the economy, Bidens sh!t leadership, and hangover from all the "relief" from covid. Inflation is a bitch and it's going to get worse.

 

[riverview]

problem is they will never get cheaper

 

[Prairie Doggin']

I've got 2 kids so insure 6 vehicles...$3000+ every 6 months now.

 

[Tinesdown]

I've got 2 kids so insure 6 vehicles...$3000+ every 6 months now.

Yeah i have a reckless
Driving in 2020 on mine 2011 gmc sierra 531 per 6 month full coverage lease. Was told that is good went up 30$ since last

 

[wslayer]

Lot of catastrophe's around the US, with tornados, hurricanes, wildfires, etc, we are all paying for some if it through the rise in Ins prices and no way to convince me differently. Sucks for us Midwesterners, because we didn't choose to live in tornado alley, hurricane coasts, or dried up land.

 

[1bigfokker]

https://legiscan.com/ND/bill/HB1417/2023

Wrong bill.

 

[Davey Crockett]

Wrong bill.

yup, I see that now. They are full of business with new driving laws. Best one was the guy who sponsored a bill for stiffer DUI laws and then got picked up for DUI a short time later.

 

[zoops]

Lot of catastrophe's around the US, with tornados, hurricanes, wildfires, etc, we are all paying for some if it through the rise in Ins prices and no way to convince me differently. Sucks for us Midwesterners, because we didn't choose to live in tornado alley, hurricane coasts, or dried up land.

I have to imagine we have our share of hail and wind damage.

 

[wslayer]

I have to imagine we have our share of hail and wind damage.

I'm sure we do but nothing in comparison to whole towns getting wiped out.

 

[Wally World]

Insurance premiums in 2024 will increase by about $715 from 2023 for us. Small house, paid off vehicles. A 40% increase in auto premiums no claims, no accidents and additional drivers no additional or changed vehicles. Boat insurance actually went down $1 a month and umbrella coverage is the same i beleive. We insure through American Family. Is it worth looking around? and where is the best option?

Car insurance - 3 older payed off vehicles never been in an accident or had a claim, 1 with full coverage.

period 3/1/2023 - 9/1/2023
- $458

period 3/1/2024 - 9/1/2024
- $642

40% increase in 1 year.

Homeowners

period 3/1/2023 - 3/1/2024
- $1500

period 3/1/2024 - 3/1/2025
- $1850

23% increase in 1 year.

The life insurance companies have been paying out outrageous death benefit claims because the actuarial mortality rates are up by 40% since the roll out of the covid 19 vaccines. The life insurance companies would all go under if they couldn't pass these losses onto other lines of insurance. This is why all pretty much all insurance premiums have skyrocketed.

 

[Wall-eyes]

Good ole Biden issues just like everything else in world, Thought I would never buy another pickup just ordered new 2025 GMC 2500 HD Denali cause damn friend wanted mine so good damn bad right at $100K, fuck me.

 

[riverview]

Good ole Biden issues just like everything else in world, Thought I would never buy another pickup just ordered new 2025 GMC 2500 HD Denali cause damn friend wanted mine so good damn bad right at $100K, fuck me.

but you bought it so you must be ok with the price?

 

[3Roosters]

Good ole Biden issues just like everything else in world, Thought I would never buy another pickup just ordered new 2025 GMC 2500 HD Denali cause damn friend wanted mine so good damn bad right at $100K, fuck me.

Hate to break it to you buddy, but you fell into the trap. Me thinks at least 50% of our population cannot afford these $80,90,100,000 vehicles. Perhaps I am wrong about you ..my apologies...but there is no way in hell all these ppl driving around in full size Denali's, Yukons, Suburbans, Wagoneers, etc are able to afford them and able to pay them off. NO WAY. We are in a credit card/loan debt explosion. Prove me wrong!. Rant over.

 

[3Roosters]

The life insurance companies have been paying out outrageous death benefit claims because the actuarial mortality rates are up by 40% since the roll out of the covid 19 vaccines. The life insurance companies would all go under if they couldn't pass these losses onto other lines of insurance. This is why all pretty much all insurance premiums have skyrocketed.

This is spot on! Back when i was in the industry, I THINK the plan for the actuaries was they would pay out 60-65% of claims to break even,,,thus make a profit on the other 30%....true.enuff them rich corporate bastards still making a profit. Them corporate bastards raise rates so they get their 30% again.

 

[Narcs]

The life insurance companies have been paying out outrageous death benefit claims because the actuarial mortality rates are up by 40% since the roll out of the covid 19 vaccines. The life insurance companies would all go under if they couldn't pass these losses onto other lines of insurance. This is why all pretty much all insurance premiums have skyrocketed.

Wally. Where in the hell did you find the statistic showing mortality rates up 40% since Covid vaccines and related life insurance payouts? What/who is the source? American Council of Life Insurers came out this year with information to the contrary.

 

[Allen]

Wally. Where in the hell did you find the statistic showing mortality rates up 40% since Covid vaccines and related life insurance payouts? What/who is the source? American Council of Life Insurers came out this year with information to the contrary.

Look, don't start bringing facts into this discussion, it will ruin all the fun.