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Auto Insurance Rates Have Skyrocketed — And in Ways That are Wildly Unfair

Auto insurance rates have increased at more than twice the rate of inflation recently, with premiums hitting a national average of $1,427, an online marketplace has found. Catastrophic weather drove some of the rate increases last year, the Zebra says. What the report only hints at, however, is how unfair these rates are to some — and how ineffectual state regulators have become at regulating them. Consumer advocates say insurers have become adept at using Big Data to set rates for drivers using formulas that are complex and sometimes hidden from view. In the crazy, mixed-up world of car insurance, credit ratings and college diplomas can have a bigger bearing on car insurance premiums than someone’s driving record. The people most often hurt are low-income drivers who can least afford to buy state-mandated insurance, they say.

Read Article: The Washington Post

From the Texas Trial Lawyers Association news release.

Bob Kraft

I am a Dallas, Texas lawyer who has had the privilege of helping thousands of clients since 1971 in the areas of Personal Injury law and Social Security Disability.

About This Blog

The title of this blog reflects my attitude toward those government agencies and insurance companies that routinely mistreat injured or disabled people. As a Dallas, Texas lawyer, I've spent more than 45 years trying to help those poor folk, and I have been frustrated daily by the actions of the people on the other side of their claims. (Sorry if I offended you...)

If you find this type of information interesting or helpful, please visit my law firm's main website at KraftLaw.com. You will find many more articles and links. Thank you for your time.

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