FYI: 🇺🇸🚘📈💸💸💸🚗⛽️

FYI: 🇺🇸🚘📈💸💸💸🚗⛽️

I was at AAA office this morning, while chatting with an agent, I asked: "Why is our 2018 Auto Premiums higher than last year's??"

She look at it and reply: "Oh yes, it's not just you, for 2018, the average Auto Premiums hike is around 26%, for EVERYBODY!!!"

I then said: "So, are you getting a 26% increases in salary?" 😬

"Yeah right!! I Wish!!!!" she sighed... 😔

==

So... everybody is covering everybody's losses, whether it's an auto accident claim, or natural disasters claims; we are all, in the never ending wok, being stir and fry then serve while hot... aka, sucking all the $$ out of us, to cover the unknowns...


🌊🌪🔥🌬⛈

Insurance industry, can make up tons of excuses for the rate hike, yet, fundamentally speaking, the pool of the "common people", will eventually run dried... 😭😭😭

Thus, the so-called "Tax Reform Act 2017/2018", will likely end up doing nothing good, for the common people; as the cost of living and expenses rises, those $2 increase in minimum wage, or the couple hundred dollar tax rebates, won't catch up to the "expenses hikes" rate.

Btw, we haven't discuss how much the medical insurance premiums' % hikes.. 😱😱😱

Anyhow, one advise is to seeking someone, really smart in finding the new tax loopholes, then "Play like the big brothers"... most likely, that's the only way to survive in the near future...

Or, simply live like low income peers, tag to the generous social welfare benefits... And then house full of golds, in the walls, or basement. 😎


Not joking... 😑


====

8/23/17 Auto Insurance Rates Scheduled to Rise in 2018
http://go.preciseleads.com/auto-insurance-rates-scheduled-to-rise-in-2018

11/15/17 New Auto Insurance Rate Changes Proposed in California From CSE, Eagle West and Safeco for 2017-2018
https://www.valuepenguin.com/2017/11/new-auto-insurance-rate-changes-proposed-california-cse-eagle-west-and-safeco-2017-2018

12/22/17 Four Insurance Trends To Watch in 2018
http://www.nasdaq.com/article/four-insurance-trends-to-watch-in-2018-cm895900

Why You're Paying More for Car Insurance Now
https://www.kiplinger.com/article/insurance/T004-C000-S002-why-you-re-paying-more-for-car-insurance-now.html

Why Auto Insurance Rates are Likely to Increase in 2018
https://www.valuepenguin.com/2017/05/auto-insurance-rate-hikes-also-likely-2018
====


** Rumors are: EV vehicles' rate hike is enormous, therefore, the puny $$ saved away from gas, can't and won’t make a reasonable argument.. especially in CA..



Good luck~~ 👍

-TonyT
Jan. 19th, '18

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