I am billed for auto insurance every six months, and every six months I go over the bill with a jaundiced eye. This time I had to look at it twice, because it was exactly the same as last time, and I mean no changes.
Now one could argue that the price has actually gone up, since the amount collision coverage will pay has diminished over the years: this little sled is worth maybe 20 or 25 percent what it was a decade ago. Then again, depreciation isn’t linear: it’s a lot slower now than it was then. (One could also argue that based on that observation, I shouldn’t even carry collision coverage at all; I figure it’s a relatively small percentage of the total premium, and I’d rather get a ridiculously small check after a crash than nothing at all.)
And I’m still unnerved by how much of said premium goes to cover costs inflicted by uninsured motorists, about a quarter of the state’s drivers. (Hint: It’s quite a bit more than collision.)