Insurance Costs About To SURGE… Car & Homeowners Hit Next

If you think prices are bad now and that you can barely afford to live here in the United States, well buckle up because things are about to go from bad to worse. But why? That's what we're going to address in today's video because every single person out there is paying for this. They may not realize it, but they are. There's something that's happening right now and it's not speculation. This is actually happening and most people have no clue. But here's what's going on. Insurance premiums will be going up. Millions of Americans have been talking about this for several months, some of which go back years and they are saying that their car insurance and their homeowner's insurance have gone through the roof. Many are saying and citing that they have 20, 30, 40 percent premium increases over the past year. And I want to show you something because that isn't just speculation. Again, it's actually happening. Look at this right here. So this is my 2024 Tesla Model 3 white on white. I got it about two years ago. I love the car. Nothing special, but it gets me from point A to point B. Anyways, when I first got this car, I was paying about $194 every single month for car insurance. But I just got an email saying that my insurance is now $235 every single month. And we do the quick math. That's about 21 percent increase that I now have to pay every single month for this car. Right. So from $194 to 235, a 21 percent increase. This is just from this past week. Here's why this is a problem. And many people have been talking about this for some time. We are going to see people have to pay more for homeowners insurance and car insurance. Let me just paint this picture for you. This person's rate went from $194 to $235. So roughly a $40 increase per month. That's not excessive. $40 a month is not an insane amount of money. But then when you factor in, let's say homeowners insurance, let's say it goes up an additional $100. And you're probably thinking, well, why would homeowners insurance go up? Why would that matter? What is happening right now that would affect car insurance and homeowners insurance? Well, it's actually this war, tariffs, and those things. Here's the reason why. Tariffs, obviously, that's a major role because if we are imposing, let's say a 15 percent tariff on any automotive part coming into the United States, well, guess what? It raises prices by 15 percent. But let's talk about the war that's going on over in the Middle East. This war is impacting shipping. It's impacting oil as well, meaning the cost of transportation goes up. And I'm not talking about the cost of filling up a Tesla with gas. Obviously, there's no gas in there. But here's the reason why it's a problem. What if that Tesla needs some body work? What if that Tesla needs some type of battery or some type of part that doesn't get manufactured here in the United States and it's coming from another country? What if some of the parts or material are coming through the Strait of Hormuz? Well, obviously, they're delayed. When we see supply chain disruptions, that means prices increase, which means your insurance would increase as well. But what about some of these other materials that are used to make parts? Or for instance, let's just not even talk about a Tesla. It's a regular car. What if there's damage to a side panel and you need more aluminum? You need something. Well, we have issues with aluminum right now. Prices are increasing for aluminum. Again, it's a problem. I want to show you this one as well, though, because car insurance is just one of those things that's out of control at this time. Look at this. Your car insurance went up 28% in the last year. People are paying more for car insurance than their car payments. Somebody drives around in a Honda Civic that you're paying for something a month for, and your car insurance is 500 a month. Go figure. And I'm like, this is all happening under politicians. So I'm like, that's why I put my agenda together. And if you go down it, it's all common sense things. Yeah, your car insurance is now more than your car payment. That's ridiculous. But that's exactly what we're seeing. I want to show you this one as well. Look at this article right here. It says homeowners insurance rates set to jump in these states according to a new report. I want to show you this really quick. Now, it says right here, citing severe weather and natural disasters, the study's authors found that home insurance costs are expected to increase 4% on average by the end of 2026, making the fifth straight year of increases. It's not just weather and natural disasters, though. It's also crime. Think about this for a second. When we see prices become out of control, when affordability is the new concern, when people cannot pay for their rent, their mortgage, their car payment, their food, clothing, what do they do? They look for alternatives. And some of the things that happen are crimes, like stealing. You can't afford the new clothes, so you go and steal it. And that is a huge concern. So that's also there as well. I want to show you something. Look at this right here. I want to play this clip for you. I just found out today my homeowner's insurance, which renews in March, is going to go up by 40%. And I have USA who is known for having really great prices for their members. 40%. So his homeowner's insurance is going to go 40%. Let me just explain this really quick. Let's say your homeowner's insurance is $1,200 a year. And I'm only using that figure because it's simple math for me. $1,200 a year, every single month, that means you're paying $100 a month. Now, why is this important? It just went up 40%. That means instead of $100, he's going to pay $140 a month. Well, that $40, remember I talked about this, a $40 increase to car insurance is not that big of a deal. But then when you factor in $40 for car insurance, and then $40 a month for homeowner's insurance, that $80 a month, that becomes a bigger deal than most people have even realized. Simply because $80 could put multiple meals on the table. It could help pay for a utility bill. It could help pay for a credit card payment. There are so many things that $80 a month can do. That's the reason I'm bringing it to your attention. Most people don't even realize this, that these increases to your premiums, they're going to eat into your overall budget. And as they do, that means less food. That means less paying off debt. That means no more contributing to charitable donations. There's so many different issues here, but I want to read something to you. Listen to this right here. Some people are saying that you need to do everything you can to reevaluate your coverage. They also say, don't go and increase your deductible just to lower your monthly payments because that could create other issues in the future. Bundle your auto insurance with your homeowners insurance, your life insurance, other things like that. But here's the last thing I want to leave you with. When we see this war expand, and it goes from a smaller regional war to a much bigger one, which you're kind of seeing at this time, just expect as the war goes on longer, we're going to see more supply chain disruptions. We're going to see costs increase. Premiums are going to go up. Expect that and understand it is happening. The inflation that we are seeing right now, it's going to happen on all sectors, on every single industry, meaning everything is going to become a little bit more expensive. So this isn't just about insurance. This is more about every single person here in the United States is going to get hit at once. So prepare for that. But let me ask you this one question. Has your insurance gone up, whether it's your homeowners insurance or car insurance? If it has, let me know down in the comment section below. How much has it gone up per month? I'm just curious because right now, I have not met any person that has actually seen their car insurance or homeowners insurance go down within the past couple of years. So let me know down in the comment section below. But again, thank you guys for watching. Consider subscribing and I'll see you guys on the next one.