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California

lapfog_1

(31,081 posts)

1. They are using one group of customers

Reply to Auggie (Original post)

Thu Feb 15, 2024, 09:49 AM

Feb 2024

to support the loses in another group of customers.

Specifically car insurance customers to cover home insurance customers ( especially those near the forested areas of California ).

The cost of car repair has not increased 30 percent... or even 20 percent YoY.

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raging moderate Dem2theMax

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Highlight:

One of California's largest auto insurers hikes prices 30% [View all] Auggie Feb 2024 OP

They are using one group of customers lapfog_1 Feb 2024 #1

Does full coverage insure against cars damaged or destroyed in disasters? That's probably part of it. brewens Feb 2024 #3

average cost to replace a burned to the ground house far out weigh the cost to replace a vehicle. lapfog_1 Feb 2024 #5

Maybe Auggie Feb 2024 #6

I am in the Bay Area, and from my anecdotal observations, people are driving faster, taking more JohnSJ Feb 2024 #2

I believe medical care increase is one of their excuses. quaint Feb 2024 #4