Insurance costs are increasing in every state for every line of business. In no-fault states you can blame the citizens that abuse the system fraudulently. Insurance companies aren't lining their pockets with cash. About $80 billion is paid out on fraudulent property and casualty (auto) claims in the US each year, and it costs the insurance companies even more to investigate and stop potential frauds. It ain't easy.
For every law on the books that you think unfairly favors insurance companies, I can guarantee you there is another law on the books that keeps insurance companies in check, and in some cases, hinder their growth.
i have no pity for insurance companies when laws are passed that REQUIRE that you purchase insurance when you own certain items (house, auto, boat, and soon to be health insurance etc). you can't get a better business model than that. having to investigate fraud comes with the business. they lobbied for the mandate, and now everyone will be a customer. everyone includes the cheats, crooks, and frauds
my point was that no-fault and limited tort was advertised by state governments to SAVE consumers money. how else would they have passed the referendum from the people if they were told the truth that "hey there, we are passing a law that prevents you from suing someone for an amount that should be decided by a judge and a jury...instead we are capping it and in some cases requiring 3rd party arbitration". they were promised lower premiums and we never got them.
these insurance "risk categories" that i mentioned up above are a one way street. as mentioned, i drive a vehicle that's in the 3rd highest risk category right now - some beater civic i've been driving since my high school days. no accidents on record, no tickets, no nothing. yeah i get some "accident free" discount which is mostly just a BS discount that props up the regular price of the policy. i am still paying for a 3rd highest risk vehicle, combined with being slapped with an extra amount for it being a coupe, and then being a 27 yr old male - my age and sex supposedly carries extra risk as well. i would think after ~12 years of proving that i am not a risky person, i don't put my vehicle in risky situations, and having 2-doors instead of 4-doors doesn't mean i drive faster and run red lights...that i should get a legitimate discount, not a BS one like a car dealership gives you to make it seem like you are saving money off the MSRP. i have nothing against agents, one of my best friend is an agent. they are there to do nothing except help you and make sure you are covered. they do make a commission, but it's peanuts on an individual basis. it's the industry they work for...
i am thankful that i live in a state (Pennsylvania) that stands its ground on most issues, whether they be this crap discuss above, gun laws, you name it
changing subjects...i was out to Iowa not too long ago for a business trip. Burlington was the town. i like your state as well, nice and open and free.
