Why Auto Insurance Prices Are Skyrocketing Above Everything Else!

In this episode, Patrick Bet-David explains why Auto Insurance prices are skyrocketing above everything else.

In this episode, Patrick Bet-David explains why Auto Insurance prices are skyrocketing above everything else!

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Summary of this video:
An investigative look at how top universities like Harvard are potentially influenced more by donations than tuition fees. What role do these financial contributions play in the strategic decisions of these institutions?

The significant contributors to university funds, including countries like China and influential figures like George Soros. What are their motives, and how do they impact the educational landscape?

Analysis of how these dynamics could shape not just universities but also societal norms and future generations.

The current state of protests and student movements across campuses, exploring the possible connections to these financial and political influences.
Join the conversation as we decode the complexities of university funding and control. Don't forget to like, subscribe, and share your thoughts in the comments below. Ready to go down the rabbit hole? Watch now to get the full story.

[catherinerivers]

Im in NYS. In 2016 i paid 50 per month for a brand new car. I now drive a car thats 10 years old and pay $230 per month. I have no tickets, no accidents.

[nicolasbenson]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[tydetierce]

America is not a country
America is a corporation
Always remember this!

[House_of_Schmidt]

I'm in Rochester, NY. It is absolutely insane. The bail reform laws just don't allow police to keep these people in jail, and there's not enough police to even arrest them. It's horrible.

[neostefanides]

I am an orthopedic surgeon in new york. I love the show and I watch it daily. I think you missed one of the most important variables that should be included to the discussion. after a car accident, many victims of the accident seek treatment with an orthopedic surgeon and retain an attorney even with minor injuries. Many victims undergo unnecessary surgeries, to justify the lawsuit. Many of these victims spend and exhaust $50, 000 of the no fault benefits. I am confident this drives up the cost of auto insurance.

[rickybello]

I’m an insurance agent and one of the biggest reasons insurance has gone up is actually Lawyers and dishonest drivers faking injuries, they will try and squeeze every single penny out of your insurance coverage limits .

[g.a.]

As a Claims adjuster I can attest the entire NOVA, MD, DC area is RIDICULOUS with stolen vehicles.

[skabone]

One thing to add that is never talked about, storage yards and shops over charging in storage to insurance companies. It's a total racket.

[yodojo]

Insurance (auto, health) has turned into a massive scam

[Wavetheory]

at 39 i'm donating $220 per month for full converage with all the standard stuff on a 2024 toyota camry. no accidents, no tickets, 800+ credit score.

[danieltanner]

I was in bumper to bumper traffic in that exact one-mile stretch of I95 three weeks ago and a truck plowed into me from behind. I was at a dead stop and he was texting and didn’t see that everyone was stopped. My truck has been in the shop since and it will be another month before I can get my truck back. One distracted driver costing me $2000 between the rental (out of pocket) and repair deductible. Progressive will be covering $19, 646.69 to fix my truck because of one dumbass who wasn’t watching the road. But now knowing I was on the deadliest stretch of highway in America, I feel lucky that it wasn’t worse.

[RepentorPerish]

I work in the auto insurance industry…it’s going up b/c it’s more expensive to fix cars, paying more for rentals due to parts delays, medical bills are through the roof, and venues are even more liberal than prior to Covid. Having to pay these nuclear verdicts is costly..these greedy attorneys don’t make it better either…

70 cents for every dollar that’s brought in goes to just claims payments

[MadAdventure]

Florida is almost impossible to live with 70k a year. You will pay on 350k house at least $7k property taxes, $8k in property insurance, $2500 car insurance. We are screwed so bad.

[tonygarcia]

I hear a TON of 20-30 year olds in America are driving around with no insurance these days simply because its half the cost of a 4 bedroom home mortgage was in the late 90's and they don't have the money for it since their rent keeps rising every 6 months.

[southpole]

I bought a brand new BMW last year and when I purchased my car insurance for it I paid just a little over $1000. I’ve had the car for one year now and since then my car insurance has gone up $500. Clean driving record no accidents no tickets, and my insurance still went up $500 in one year for the same exact coverage

[chitownrosie]

PBD please do more of these. Your knowledge and stats are so informative and helpful.

[markguerrero]

I'm in Texas and my full coverage went from $85 to $130 to renew. On a '05 tahoe, yeah a 19 year old vehicle.

[natebizzo]

I paid 170 in 2020. Now it’s 246. With a clean record.

[trustyoungpierre]

We need legislation to cap insurance rates. No more than $100 a month for both auto and home insurance!!!

[KingJames]

I don't think YT will show this comment, but I have a theory. Whatever was in the 💉 is making people way more agressive on the road. Especially women.