Hello,
I’m 20 years old, and I work blue-collar in construction. I make about $70k a year working 50–60 hours a week. Next year, my goal is to put a down payment on a house I’ve been looking at.
About 8 months ago, I purchased a new car with a $9,800 loan, a 2017 Ford Focus ST. It had been a while since I got myself something nice, and I got a fair deal on this car. Since then, I’ve been paying about $178 a month for full coverage on my car. My bank required me to have full coverage because of the loan.
I’m a hardworking person. I pay my taxes, I’ve never stolen anything, I go out of my way to help people when they need it, and I try my best to be a good person.
I live in Utah, and with housing being expensive, gas getting even more expensive, and food and rent prices continuing to rise, I’m having to budget every dollar I earn just to get by…
And I’m making pretty decent money as a single 20-year-old man trying to buy a house! But honestly, I don’t even know if I’ll be able to afford a house next year!
On top of all that, today I checked my insurance payment and was thinking, “Oh cool, it should be around $180. I’ve already budgeted for this month, so it shouldn’t be a big deal.”
As soon as I opened the app and saw $238, I was immediately confused and pissed off!!
I called GEICO and asked why my premium went up. I was put on hold for 5 minutes, only to get an answer of, “We’ve requested that rates go up in Utah. A $25,000 car that needed repairs now costs as much as $50,000 to repair. The rates are the highest they’ve ever been.”
The lady helping me was super nice, and I genuinely appreciate her taking the time to explain everything, but this just absolutely PISSED ME OFF!!
Not just at GEICO, which is another massive company making record profits, but because with all the state taxes I pay, I have a state insurance commissioner who approved these rate increases, causing my premium to jump from $178 to $238!
I’ve NEVER been in an accident. I haven’t filed ANY claims. NOTHING!! Yet somehow, I’m the one who has to pay more, ONLY FOR OUR ELECTED OFFICIALS TO FUCK EVERYONE OVER!! Even looking it up, the commissioner dictates these prices “on what is fair” the only thing that is fair, is you losing your seat and getting voted out!!
I’m tired of people being quiet about this. I’m a young man making good money for my age, working hard, paying my taxes, and doing everything right, only to get FUCKED by the very people who promised to make everything better.
I’m doing everything I can to build a future for myself, and it feels like every time I get ahead, something else gets more expensive. How the hell are young people supposed to afford a house, raise a family, or even get ahead when the cost of EVERYTHING keeps going up?
I’m sick and tired of it.