[mschuster91]

> I vent my frustration to a few agents about the yearly rate increase insanity and they all shrug, give their non-empathetic "I understand" telephone script and blame it on the "system" calculating the prices and make some useless excuse about inflation.

Thing is, they're not wrong. The cost of accident coverage has gone up, actually way beyond inflation - assume you hit a Tesla and it sits around 9 months until Tesla can be arsed to get spare parts, your insurance will be billed for the damage itself as well as a loaner car for the counterparty. And damage repairs themselves have gotten more expensive as well: what used to be a simple bend that your everyday farmer neighbour could fix with the basic tools in his garage all while being drunk out of his mind isn't even possible with modern cars made from aluminium or carbon-fiber composite, not to mention all the tech like distance sensors that go into modern fenders which has to be replaced and carefully recalibrated.

On top of that come all the issues with regular inflation (e.g. labor cost, real estate rental for shops) and the aftereffects of the covid pandemic and its supply chain shocks (there's still a massive number of car carcasses that couldn't be completed and now get priority in parts delivery).

[1] https://www.carscoops.com/2023/11/tesla-owners-stuck-waiting...

[Scoundreller]

> all the tech like distance sensors that go into modern fenders which has to be replaced and carefully recalibrated

Weren't all those sensors supposed to reduce collisions, your fault or by others'?

[bombcar]

Even if they cut collisions by 50% or more, if they more than double the cost of the ones that still happen, it’s a wash.

Still worth it, likely, because saving lives doesn’t really have a dollar amount (cue fight club) - but certainly there.

Old steel bumpered cars would have zero costs at 0-5 mph collision; plastic breaks even at nearly zero. But the newer car safety is much higher.