Car insurance prices rise along with number of uninsured drivers

The rising costs of car insurance in the U.S. are contributing to an increased number of uninsured drivers, according to new data. Mark Friedlander, the communications director for the Insurance Information Institute, joins CBS News with more details on the costly trend.

#news #money #saving

[JuanLopez-hbcc]

They look for every excuse to raise rates

[jaymoore]

People quit carrying iinsurance because it's too expensive, not the other way around.

[AnimeRick]

Well if they don't want uninsured people driving, all they got to do is make it more affordable for everyone.

[Lisse]

There's been no decrease in CEO salary and bonuses only increases to the consumers. The cost of auto insurance is ridiculous!

[FoodThought]

Insurance of almost any kind feels like a waste of money. I don't want to pay thousands of dollars a year for nothing to happen- then if/when it *DOES* I certainly don't want to be told "it won't cover everything". Where's the thousands I put into it??

[moneyovaeverything]

Sounds illegal what’s does other people have to do with me having to pay more when I don’t have any tickets or accidents?

[damham]

Insurance companies will soon price themselves out of business, then blame it on the government as they demand the government bail them out.

[Scott_T_]

State Farm CEO salary - $24.4 million. Up $4 Million from the previous year. Can’t imagine why my insurance rates keep going up.

[armytruth]

The reason people don't have car insurance right now while driving is it is so expensive and it's not worth it. Car insurance is more than a car note nowadays

[mbqikyq]

She is interviewing the "communicator for the Insurance Information Institute" He is not going to say insurance is just too expensive for many households and that generally insurance is a scam bc it does not pay when claims are due. Insurance companies' goal is to NOT pay out claims. If you can't afford to take an insurance co to court, then you can't afford insurance. Making the purchase of insurance mandatory without limits on premiums is just a wealth transfer to insurance companies

[KAWTELENUH]

People forget how expensive these new cars are to fix and maintain.

[denniedollreborn]

So the people who are paying are penalized because others cant afford it to begin with?!?!!?!?

[GhostAssault]

Well if you price people out, of course people are not gong to get insured.

[xiaowang]

Insurance of all kinds are rising unreasonably while we hear all the time that inflation is down. This stark discrepancy makes one wonder what is behind the report. Is the real free press or manipulation of free press at work?!

[hybridPeople]

Make it unaffordable. Then raise it again because you can't afford it. WTF I'm missing.

[leafblade]

Thanks for talking about the cycle, but maybe you should stop putting uninsured motorists with dangerous motorists. There are plenty of dangerous drivers that HAVE insurance. Dangerous drivers are dangerous, period. Being too broke to pay for insurance because of the rapidly increasing cost isn't a crime, it's being too poor to pay for the rapidly inflated costs.

[deltonsr]

What gets me is the craziness and lack of oversight. So you have no tickets and you get a multi car discount but it goes up if you remove a car. The other is you got companies advertising 30 dollars for full coverage when im paying 2 hundred something for the same thing! Thats a big difference and i wanna know why.

[Runnifier]

There should not be laws that tell people they have to buy something. If it’s to be required of everybody, the government needs to provide it for free.

[Surgemaster]

Well maybe if they didn't make anything related to a car expensive then people would have car insurance. You people are just looking for any excuse to raise prices to simply benefit privileged people. Which is what society is based on.

[GetTheFOutOfMyWay]

I have a really hard time believing people are worried about getting caught without insurance if they're no cops period let alone enforcing anything... LOL...