Why Your Car Insurance Is Getting More Expensive

Your car insurance premiums are only traveling one direction this year: Up. Bloomberg Opinion's Chris Bryant explains why.

--------

Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.

Connect with us on…

[Semper_Iratus]

The more money the government prints the more worthless your fiat currency becomes.

[ronvetter]

State farm claims 13 billion in claims but still had profit of 60 billion. Overall 13 TRILLION profit across the board in 22. Don't believe the lies, insurance companies don't lose money.

[diai]

The police should check driving licenses on the road, because there are many forged EU driving licenses and international driving licenses on the road, causing many traffic accidents. Obviously, the police do not like to increase their workload, or they can connect with insurance companies to review driving licenses and restrict those who forge driving licenses from driving dangerously.

[troll-fxzc]

Because they pay millions of dollars to celebrities to endorse them

[custossecretus]

IMO, the reasons for insurance being so high are… insurance companies eagerly right off cars involved in accidents without a mechanic even seeing them.
Car crimes are on the rise.
Greed.

[quartytypo]

Car insurance is expensive because people own too much stuff to lose. It wasn't this way in the past. Then, nobody owned anything except cheap clothes and a radio.

[danielkenny]

They have madee them to easy to steal now days