Submitted by jdlc1406 t3_z8zj3n in personalfinance
vettewiz t1_iyeauk1 wrote
Reply to comment by SpiritualCatch6757 in Auto Insurance Costs by jdlc1406
I’m confused what’s hard to buy about there being legitimate supply chain and price increases on parts and labor?
SpiritualCatch6757 t1_iyehy6l wrote
It's not hard to buy. I just don't buy it. And if one uses the same excuse year after year, it gets old. This time is different? Okay, you can accept that if you like. I will go get new quotes.
I get it, costs go up every year. I expect to pay an incremental cost increase every year. But not 26% as OP indicated.
Edit to add: And if it is industry wide why did my insurance go down $4 last month while OP's went up? No change on my end except everything is a year older so it kind of makes sense it goes down a bit.
vettewiz t1_iyei613 wrote
Getting new quotes is totally smart. But, 26% is quite honestly a reasonable jump given the current economic climate.
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