Cost of Auto Insurance?
I see several problems with auto insurance companies that you failed to mention.
1: Lack of competition between companies…In other words they have pooled their resources through the catastrophic injury fund.
2: Forced to pay for duel healthcare.
3:The need to allow the insurance companies to go after each other to recover loses….not the policy holder.
4: Unlike any other type of business…Insurance companies have legally lobbied and had laws passed that insure their profits. ie; catastrophic injury fund, dual health insurance and more.
This lack of competition and mandatory fees have caused our insurance prices to skyrocket.
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