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Originally Posted by Sandy and Ed
All pretty basic stuff: Insurance costs for cars are based on risk. If models are in demand for thieves, if models have issues which make them more prone to accidents, if lawyers can entice people with high payouts for injuries, etc, etc, etc. They need to take all of that and much more into consideration while insuring they can also meet operating expenses and earn a profit when they determine rates. You could be a terrific accident and claim free driver and still need to pay a share of their costs
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All true, but cost is also dictated by insurance companies ability to have a diversified book of risk. When their appetite for specific types of risk gets full, premiums increase. Florida offers unique risks including the sheer amount of seniors and tourists, flood risk from hurricanes in the costal regions, vehicles that aren’t required to get annual safety inspections, ambulance chasing attorneys, etc….. Most other geographic regions don’t offer certain risks abundant in Florida.