I live around at around a 150ft elevation above the ocean, but technically within < 1 mile away from it. Despite zero risk of flodding, half of the bigger insurers in my area have exited the market, and we are now having to insure with higher risk insurers like Kingston, who's ratings are yet to be tested during a real emergency.

My car insurance is above $4k/yr for two family cars, rising annually despite no accidents.

Meanwhile, "normal" countries are solving these problems in reasonable ways. Back home in Central Europe, you get state mandated car insurance at pre-negotiated rates that are based on the car, not the driver.

US insurance is a scam.

▲

soared an hour ago | parent | next [-]

You can’t really expect insurance companies to identify and support policies in areas where many homes may be at huge risk of flooding, while another has zero.

That’s massive operational overhead and is definitely not as simple as looking at elevation, and that overhead is reasonably not worth it for those companies.

▲

zulux 6 hours ago | parent | prev [-]

>> Rates that are based on the car, not the driver.

I like my low very rates. I don't want to pay higher rates for people who can't parallel park. They can suffer their skill issues.

	▲	sanderwebs 6 hours ago \| parent [-]
		I think you may not fully understand how much more expensive insurance is in the US and how bad of a deal you get here. In the Netherlands my standard car insurance came with a bodily injury liability limit of 6.5MM and property damage liability limit of 2.5MM at a cost of only around €25 per month. You usually cannot even get limits that high from insurers in US, let alone at such a cheap rate.