Insurance rates skyrocketing in California

[Lost_in_the_HTTP]

Sounds like a set up for some group rates from a single company. Or maybe the HellOwnersAssociation can self insure community wide.

 

[FelixDeCat]

- Just self insure at that point, $15K annual premium I'd rather put the money in a fund and go to church on Sunday.

Church is tomorrow bro, dont be late!

 

[Brainonska511]

The CA Insurance Commissioner who controls what prices the insurance companies can charge. They basically stopped approving any increases for most of 2020-2021 despite rapid increases in prices charged per sq-ft for rebuilding of homes. This resulted in home Insurance companies to not be able to charge appropriately for risk. You add in this PG&E whose equipment started multiple fires because of their lack of maintaining of equipment you had a recipe for failure and insurance companies deciding to walk away from the market.

You can build in high risk areas you just got to build the right way and create defensible space around the property. To long not doing this has been acceptable in CA. In addition at the State and Federal level the forest haven't been properly cleared of ground vegetation. So instead of paying hundreds of millions in forest management they wind up paying billions in firefighting costs.

Good video discussing this. California Wildfires 2018 - California's Unsustainable Legacy

Yes, you have to build and landscape right in higher risk areas. I'm just saying we could stop building into those higher risk areas in the first place by letting people build more in the population centers. It would help broaden tbe risk pool and reduce the proportion of high-risk properties.

 

[manly]

Yes, you have to build and landscape right in higher risk areas. I'm just saying we could stop building into those higher risk areas in the first place by letting people build more in the population centers. It would help broaden tbe risk pool and reduce the proportion of high-risk properties.

At least in California, those are two separate concerns. Many people really want to live near the wildland-urban interface, but the costs are being socialized every time there's a catastrophe. NIMBYism is indeed pushing people away from the expensive coasts, but mostly into inland suburbs. In general, California still needs more housing stock to address the unaffordability crisis.

People may recall that the aptly-named Paradise, CA was destroyed nearly 6 years ago by a wildfire. By and large, residents are going to rebuild their town instead of deciding that the fire risk is too high.

 

[[DHT]Osiris]

Poured concrete walls, steel studs/rafters and a metal roof. NO vegetation within 100'. It would look sterile, have little curb appeal and probably be hard to cool, but it wouldn't burn.

I suppose design and insulation would help though.

And a 200' burning redwood falls through the roof.

 

[BoomerD]

And a 200' burning redwood falls through the roof.

If you have 200' burning redwoods falling around your house...I think it really doesn't matter what kind of house you have...it's gonna be toast.

 

[Brovane]

At least in California, those are two separate concerns. Many people really want to live near the wildland-urban interface, but the costs are being socialized every time there's a catastrophe. NIMBYism is indeed pushing people away from the expensive coasts, but mostly into inland suburbs. In general, California still needs more housing stock to address the unaffordability crisis.

People may recall that the aptly-named Paradise, CA was destroyed nearly 6 years ago by a wildfire. By and large, residents are going to rebuild their town instead of deciding that the fire risk is too high.

If you remember that fire was started by poorly maintained equipment by PG&E.

 

[[DHT]Osiris]

If you remember that fire was started by poorly maintained equipment by PG&E.

While true, the entire town was still destroyed by a single fire. That's all untenable situation because you cannot guarantee a fire will never break out, especially in those areas where wildfires are literally part of the cycle of nature.

There's a reason the natives didn't build in those forests.

 

[Brovane]

While true, the entire town was still destroyed by a single fire. That's all untenable situation because you cannot guarantee a fire will never break out, especially in those areas where wildfires are literally part of the cycle of nature.

There's a reason the natives didn't build in those forests.

That is part of the problem is that wildfires are literally a part of the cycle of natures and for decades the US forest service has done everything possible to break that cycle of fire in forests so when a fire does start it is incredibly intense because you decades of brush that built up. You have a combination of forests not properly maintained, you had high winds and then poorly maintained electrical equipment. All of those came together to create a untenable situation. You fix any one of those 3 items and the entire town probably wouldn't have been destroyed by a single fire.

 

[IronWing]

Properly maintained power lines can still arc in heavy smoke from fires not caused by a utility. The power companies have to decide whether to de-energize lines, causing cascading shortages on the grid, or risk starting new fires.

 

[Greenman]

Yes, you have to build and landscape right in higher risk areas. I'm just saying we could stop building into those higher risk areas in the first place by letting people build more in the population centers. It would help broaden tbe risk pool and reduce the proportion of high-risk properties.

The issue is that those high risk areas tend to be beautiful settings for a home, people want to live there and will pay handsomely for the privilege.

 

[Sukhoi]

That is part of the problem is that wildfires are literally a part of the cycle of natures and for decades the US forest service has done everything possible to break that cycle of fire in forests so when a fire does start it is incredibly intense because you decades of brush that built up. You have a combination of forests not properly maintained, you had high winds and then poorly maintained electrical equipment. All of those came together to create a untenable situation. You fix any one of those 3 items and the entire town probably wouldn't have been destroyed by a single fire.

It's not just the USFS. There's a lot of extremely overgrown private property in the foothills as well, and this is long after the 2018-2020 fires so it's not a novel idea anymore. The people that live there just don't give a shit, then cry when their house burns down.

 

[Brovane]

It's not just the USFS. There's a lot of extremely overgrown private property in the foothills as well, and this is long after the 2018-2020 fires so it's not a novel idea anymore. The people that live there just don't give a shit, then cry when their house burns down.

There is I have found personally it is more likely to be empty lots of someone who doesn't have a house on the property. However the vast majority of forest land is either controlled by the state or federal government. They need to do a better job of clearing this brush.

Good video discussing this. California Wildfires 2018 - California's Unsustainable Legacy

 

[manly]

It’s gonna get worse.

Car insurance rates could jump 50% in 3 states. Here's where.

Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.

www.yahoo.com

California auto insurance rates are skyrocketing: Here's why and how to save

Auto insurance rates are increasing throughout California for a number of reasons. But there are ways to cut costs on your premiums, experts say.

www.aol.com

 

[FelixDeCat]

If you have 200' burning redwoods falling around your house...I think it really doesn't matter what kind of house you have...it's gonna be toast.

If a muti-ton 200 foot tree hits your house it wont be toast it will be a pancake.

 

[FelixDeCat]

It’s gonna get worse.

Car insurance rates could jump 50% in 3 states. Here's where.

Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.

www.yahoo.com

California auto insurance rates are skyrocketing: Here's why and how to save

Auto insurance rates are increasing throughout California for a number of reasons. But there are ways to cut costs on your premiums, experts say.

www.aol.com

Greed-flation.

 

[AdamK47]

It’s gonna get worse.

Car insurance rates could jump 50% in 3 states. Here's where.

Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.

www.yahoo.com

California auto insurance rates are skyrocketing: Here's why and how to save

Auto insurance rates are increasing throughout California for a number of reasons. But there are ways to cut costs on your premiums, experts say.

www.aol.com

They say the average yearly policy will jump to close to $2500 yearly.

I'll be switching to Hagerty for the McLaren next month. They quoted me $2580 for a full year with a $190,000 agreed upon value. That's $215 per month. Pretty good for an exotic with stupid expensive parts.

 

[zinfamous]

They say the average yearly policy will jump to close to $2500 yearly.

I'll be switching to Hagerty for the McLaren next month. They quoted me $2580 for a full year with a $190,000 agreed upon value. That's $215 per month. Pretty good for an exotic with stupid expensive parts.

jesus effing christ: my pauper's GTI costs like, half that monthly to insure but is like, 1/9th the value of your blue thingy.

someone is sure fucking me sidewise.

 

[biostud]

We might have high income taxes, but my car insurance is $968/year

 

[nakedfrog]

It’s gonna get worse.

Car insurance rates could jump 50% in 3 states. Here's where.

Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.

www.yahoo.com

I hope they're right about rates decreasing in my state! Looks like I do have an increase coming up for August, the two older vehicles are only going up by $20 and $12 for the 6 month term, but the 2015 is going up by $53.

 

[nOOky]

Minnesota is one of the three. I buy my insurance from a Minnesota agent, but I live in Wisconsin. Either way it's too fricken' expensive. I asked for a quote for my new vehicle I ordered and it will be twice what my current vehicle is to $212 a month. My agent told me he thought that was reasonable for the vehicle I'm buying. I'm going to check around in Wisconsin right before I pick it up.

 

[Red Squirrel]

Car insurance has got to be one of the most lucrative businesses to be in. They can pretty much charge what they want, then all the other companies just agree to raise their rates too. And unless you want to give up the freedom of having a vehicle then you have no choice but to bend over and pay it.

Mine went up from something like $150/mo to $170/mo as soon as covid happened, it was a shitty move. I didn't lose my job but lot of people did, so that's just an extra kick in the face to people who are already down. Shopped around but they all went up at same time so it was pretty much the same everywhere. I was able to bring the rate down by removing some coverage so I'm back to $150 now. That also counts the house, and I have a F150. So it's not TOO bad. The Ford (Doug, not the car company) government has been doing some things to at least make driving a little more affordable though. No more sticker renewals. It's free now. It's not a lot, like $60/year, but I'll take a win when I get one. Still waiting for buck a beer though.

 

[Brainonska511]

My car insurance actually dropped by ~$30 for 6 months, and my renter's insurance has remained flat so it's certainly a real decrease in the former, and for both, a decrease when you factor in inflation. Full coverage w/$1000 deductible is about $1200/yr on my 2-year-old vehicle, and $150/yr for renter's insurance with a nice liability cap and property coverage amounts.

Car insurance has got to be one of the most lucrative businesses to be in. They can pretty much charge what they want, then all the other companies just agree to raise their rates too. And unless you want to give up the freedom of having a vehicle then you have no choice but to bend over and pay it.

Too bad North America loves (and forces everyone) to build in such a way that it is difficult to be car-free or car-light, so the "freedom of having a vehicle" and all its associated costs is forced upon us all.

 

[Red Squirrel]

Too bad North America loves (and forces everyone) to build in such a way that it is difficult to be car-free or car-light, so the "freedom of having a vehicle" and all its associated costs is forced upon us all.

Your idea of having everyone shoved in a metro city is not the dreamscape you think it is. I would much rather have the freedom to go anywhere I want, when I want. Ex: out of town, go camping, go to do a Home Depot trip to get lumber for a project, or go do a dump run, visit friends or family that are far from where I live etc.

Big cities actually make owning a car very difficult, and then make it difficult to leave your area too. You're kind of trapped there. Public transit only goes so far. That said, when visiting a big city like Toronto area I do prefer to leave my car at home and plan things around using transit entirely but I wouldn't want to live that way. I can only handle a few days of the big city then can't wait to go back home.

 

[Muse]

Too bad North America loves (and forces everyone) to build in such a way that it is difficult to be car-free or car-light, so the "freedom of having a vehicle" and all its associated costs is forced upon us all.

I am sorta "car-light."

I lived for 20 years straight without a car in Berkeley, CA, starting when I was 30 YO. Then my uncle gave me his station wagon (I commuted in that car to a job in Marin County for a couple years). Then my dad gave me his sedan, which I still have. I drove it for the 1st time in 6 weeks 5 days ago, to Costco. Before I had those cars I'd bicycle to Costco (5 miles). Mine was the only bike I have ever seen at a Costco! I once rode my bike home from that Costco with more than 100lb of stuff!