In its glory days, Motown was the place to be. Unemployment was almost unheard of, millions of cars and trucks flooded off production lines, life was good, and Motown was the epicenter of rock music in the nation.
The big tire’s first incarnation as a Ferris wheel at the 1964 World’s Fair in NY. (Now on I-94 in Detroit)
Today, that amazing cultural fountain seems so far away. One of the sad realities the city faces is that it has the highest car insurance rates in North America ($12,000/annum). At the bottom of that is the economic blight that the last recession caused which Detroit city is still trying to climb out of.
New Detroit Mayor Mike Duggan is proposing a city managed car insurance program, but many critics, if not laughing about it, say it is preposterous given the crime, insurance legislation, and economic woes Detroit is prisoner to.
Detroit’s high insurance rates are due to:
In general, these same problems are pivotal in keeping insurance rates high everywhere.
Although some municipalities such as York and Peel are installing red light cameras, and we have no fault insurance here in Ontario, it really comes down to police enforcement. A real police officer in a patrol car is the best deterrent.
Ontario’s economy is doing well, however we shouldn’t get complacent about the factors that raise our car insurance rates. Government needs to communicate publicly, the factors involved in setting insurance rates and then let the free market decide what it should cost and coverage drivers should carry.
If more funds are put into policing, we’ll have fewer stolen vehicles, drivers slowing down, not texting and driving, and in general driving with care and consideration.
That’s how we avoid high cost medical treatments, death benefits, car repair and replacement, along with paying for drivers who have no insurance at all.
Sometimes these things creep up on us because we’re not paying attention. Tell your provincial MP your thoughts on insurance rates in Ontario. That’s how we get the ball rolling.
What are the worst driving habits according to drivers?