A.G. Gancarski
Florida’s Senior Senator is fuming about sky-high insurance costs yet again.
During a Fox News interview on “The Faulkner Focus,” U.S. Sen. Marco Rubio again complained about the high cost of living, extending his gripes to the cost to insure an automobile in the Miami metro, which is as high as anywhere in the country.
“I happen to live in what I believe is the first, or after Honolulu, the most expensive community in America with regards to inflation and one of the things that’s driving it now is auto insurance,” Rubio said.
The numbers bear that out.
According to Bankrate’s True Cost of Insurance Report, Florida has the second-most expensive “true cost” of auto insurance in the country, trailing only Louisiana.
The average annual premium is just shy of $4,000 and is approaching 6% of people’s wages, a burden up nearly 0.8% year over year in terms of income allocation. Miami residents pay on average $4,213 per year, up nearly $800 annually year over year. It is the second most expensive auto insurance major metropolitan market in the country, according to the analysis.
The Senator had complained back in February about the cost of homeowners insurance spiking for him, meanwhile.
During an interview with WFME in Orlando, Marco Rubio said his homeowners policy rates had “seen probably a 300% increase in the last two years.”
He didn’t blame the cost of homeowners’ coverage on inflation writ large, however, saying it’s a “state-regulated market” and adding that he didn’t “know anyone who’s not impacted by it.”
6 comments
MH/Duuuval
April 11, 2024 at 1:01 pm
Whoa — Louisiana is #1?
Datahound6
April 11, 2024 at 4:53 pm
Auto insurance sure seems to be a competitive market; as such we’d expect prices to reflect the real risks involved. That these risks are higher, and repair costs are also growing, is principally an issue for the state legislature, not the federal government. I rate this interview “I feel your pain” politics without any significant substance.
What real risks keep Florida auto insurance high? Unlicensed and uninsured drivers. DWI. Underinsured vehicles. Auto sales that evade proving insurance. These are fruitful subjects for next year’s legislature — BUT you have to poke your state representative and senator to take them up after the election is over.
MH/Duuuval
April 11, 2024 at 5:19 pm
So, the aggregate of Louisiana drivers is less likely to have insurance and more likely to have crashes?
Or, is this the traditional corrupt Louisiana way of doing business (at which Florida politicos are also proficient)?
Dont Say FLA
April 12, 2024 at 11:16 am
Why in Gawd’s name is Little Marco a Senator?
He is House material at best. Who votes for this nincompoop to be SENATOR?
waaaaaaa
April 12, 2024 at 11:34 am
Why doesn’t little Marco move his candy ass out of Florida and, maybe down to Cuba? Why can’t little Marco keep his dumb thoughts inside his stupid head? Anyone foolish to drive around South Florida knows the danger; hell, FHP is afraid to enforce the speed limits on the highways. Little Marco and his kind have trashed South Florida. Little bitch can blame himself for high auto insurance rates. Drive off the south end of US 1 Little Marco at mile zero.
MH/Duuuval
April 12, 2024 at 5:03 pm
Marco aspires to be convoyed in by a fleet of Abrams tanks, directly into Havana when the counterrevolution comes. No sugar plantation for him, however. Those will revert to the former owners under Batista and the Mob. (There’s an angle for Randy Fine; he’s know Vegas and gambling.)
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