No, actually I can reduce my vehicle rates via a number of ways. Indeed, as much as 60%+. So I can undo all the rate increases and future one if I want. I am likely to make a good stab at it without significant sacrifice at my end.
There’s primarily government
going on, changes in actuary methodology, and repair availability/costs - these are nationwide AND locally. There are other factors at play explained by
@unk45 (ie., natural disasters, more claims because people no longer have the money to pay out of pocket for less severe damages to their vehicles etc…)
Increase for all vehicle types, except of course those vehicles they outright refuse to insure - several Kia and I believe it was Hyundai models at the top of the getthefudgeoutofmyoffice list.
There was admission that they are way behind Tesla. As in, their methods of determining insurance rates for Tesla vehicles has been behind the technology from the get go and remains behind. Tesla moving way faster than their bureaucracy. That was both disappointing and encouraging to hear. Disappointing because they’re paperweights, but encouraging because of the self-awareness Tesla is changing the landscape.
Other interesting tidbits not directly related. For a podunk place, with a self-admitted country bumpkin broker, he was decently informed on Tesla, interested in knowing more about the vehicles, and didn’t say or hint at a single disparaging thing. He’s even been in one and was blown away. He’s also considered owning one but doesn’t quite yet have the confidence based on his current knowledge of charging infrastructure and how charging typically works for owners. I allayed some of his concerns in that area. His proposed vehicle use definitely would require a bit of forethought on occasion.