[legion]

You all think your rates are bad now? Let the government take over and then see what happens...

Of course...we will be perpetually told that it will just take more time and taxpayer money to bring our rates down.

Insurance is the perfect industry, as premiums are very closely matched to risk. The question is not: "Why is Company XXX charging me so much?", but: "What have I done to make my rates so high?"

Do you live in an area with lots of accidents or rampant insurance fraud?

Do you drive a car model that is frequently stolen? Is expensive to repair? Can be totaled by seemingly minor damage?

Even the type of coverage you request correlates with rates. Often times, full coverage is cheaper than minimum coverage because those who request minimum coverage tend to get in more accidents....