> If the government requires drivers to have insurance, then they need to reign in the predatory policies providers use.
all they need is to provide a market. If there are competing companies, they’ll provide a competitive rate. If you think, all companies are over-charging, open your own insurance company, charge less and become rich quick. It is that simple.
It is possible that your state puts a lot of requirements on the insurance and also forbids “discrimination”, so the company is not able to provide appropriate rate.
Also, with inflation, all prices went up, and maybe people went meshugane from inflation, so insurance rates will go up accordingly. When you read that inflation “decreased” – it means further increases will be smaller, nobody gives you previous increases back.