Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year

return2ozma@lemmy.world to News@lemmy.world – 185 points –
Why auto insurance costs are rising at the fastest rate in 47 years
finance.yahoo.com
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Car manufacturers can't secure their shit and insurance companies have to punish everyone because of their incompetence.

One manufacturer in particular that wanted to save a buck on immobilizers, namely Hyundai Motor.

But it’s the same with homeowners. People live in areas prone to hurricanes, tornadoes, and fires, only for the rest of our insurance to skyrocket right after another mass claim somewhere in the south or west.

Don't forget KIA (Kia Boyz challenge) And people also like to build massive houses right next to the ocean and with them raising and engulfing the houses. These asshats always get paid out

Hyundai Motors owns a massive amount of Kia and was largely responsible for the decision.