Viewing a single comment thread. View all comments

thefixxxer9985 t1_jea5sli wrote

Had a similar rate hike recently. They also blamed PA. Funny thing is when I reached out to local politicians they said the state has nothing to do with it and it's the insurance companies driving rates up. I guess I shouldn't have expected anyone to take accountability.

111

kevalopez t1_jebuaow wrote

What they mean is that the company submitted new rates (higher rates) for the area and the state commissioner approved them. So when OP called the dept he spoke with they weren’t telling the whole truth. There is an increase in the state but it’s done by the company.

24

thefixxxer9985 t1_jebza45 wrote

This also means the state was lying as they clearly do have something to do with it. So I got lied to by two people I pay. Nice.

9

geist7204 t1_jec7wsi wrote

Yes and know. The insurance industry is regulated and Pennsylvania requires insurance to operate a motor vehicle. The commonwealth sets the maximum rate that insurance companies can charge. I’m guessing that the multi millions of dollars that the insurance lobby has put into Harrisburg paid off this year and that the commonwealth approved their requested rate ceiling hike, allowing insurance companies to jack up their rates. More bought and paid for politics, plain and simple. Shop around and someone should be cheaper. 🤷‍♂️

4