It's hard to overstate what a crisis the surge in car insurance and car repair is. Over 90% of US households own a car. Vehicle insurance is up +22.2% in the past year -->The largest jump since 1976 Vehicle repair is up +11.6%
For reference: Renters' insurance is up +4.6% in the past year. (That's the highest since 2015) Full data set here: bls.gov/news.release/p…
@byHeatherLong I see a lot of posts about the increases in car insurance but not a lot of discussion about the underlying cause. Could it be that insurance rates are skyrocketing to cover the costs associated with uninsured illegal drivers? Gee, I wonder.
@byHeatherLong If you voted for mandatory insurance, you ensured this outcome.
@byHeatherLong @LucasFoxNews The crisis is that we don't have much better public transit infrastructure so 90% of Americans are forced to rely on cars and live in communities fractured by car infrastructure incurring substantial costs both in terms of $ and pollution, crashes, etc.
@byHeatherLong It's because of all the illegals the feds are letting in.
@byHeatherLong The impacts of Democrat policies of devaluing actual work and productivity in our lives has consequences. No matter what any bad at math and logic journalist might say.
@byHeatherLong Devaluing the dollar has an effect on everything. Insurance companies pay most of their money out on claims, which are more expensive now. The premiums they receive have to cover that increased amount. Under Bidenflation, it would be strange if premiums didn't go up.
@byHeatherLong So, basically, there is inflation? Gee, I thought Biden and Yellen said it was low.
@byHeatherLong Looks like everything is going according to the Bidenomics plan.