Quote:
Originally Posted by Blueblaze
I was so outraged at my rate hike this year, I decided to cancel everything except the legally-required liability insurance. My car is paid for, and I can afford to replace it, so why was I paying an insurance company 10% of the replacement cost every single year?
And that's when I discovered the problem. Liability is no longer a tiny fraction of your insurance bill. It's now three times the cost of your collision and comprehensive.
This is what happens when the lawyers run your state for their own amusement. In Texas, we put a stop to it with tort reform. But that was Texas, where laws actually mean something. Florida recently passed fake tort reform and then refused to enforce it, the same way they did with the fake roof insurance reform bill.
You will be able to afford your car insurance on the day you can watch your TV without being blasted with "Bogun, Munns and Munns" ads promising you "more".
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You are 100% correct. It is the cost of legal defense against lawsuits many of which are inflated. Florida has more attorney ads on TV than any other State. On top of that Florida has terrible drivers. Add the cost of repairing newer cars is crazy high. Still it is the lawsuits that is driving the price up the most!