South-Carolina
4 reasons why your car insurance premium is soaring
It’s not only car prices that are giving drivers sticker shock these days — it’s also happening when they open their car insurance bills.
The cost of auto insurance jumped nearly 18% during the year ending in July, at a time when overall inflation was running at just over 3%.
Inflation data set to be released Wednesday is likely to show the price of auto insurance continued to outpace other consumer prices in August.
Here are four reasons driving the spike in car insurance prices — and what car owners can do to save money.
Drivers have gotten a lot riskier during the pandemic
Insurance premiums actually fell in the early, locked-down stage of the pandemic when many cars sat parked for weeks.
By they time they returned to the roads, however, many drivers seemed to have forgotten how to drive safely.
“People picked up some risky habits,” says Sean Kevelighan, CEO of the Insurance Information Institute. “And we haven’t seen those risky habits go away, even though we have more people on the road.”
The number of fatal auto accidents jumped sharply in late 2020 and early 2021, according to the National Highway Traffic Safety Administration.
While accident rates have since declined, they remain higher than they were before the pandemic, which contributes to the rising cost of insurance.
Repairs and parts replacements are proving costly
The cost of repairing or replacing a car that’s damaged in an accident have also jumped sharply, thanks to snarled supply chains, parts shortages and a tight labor market that’s led to rising wages for auto mechanics.
New and used car prices have begun to fall in recent months, but repair costs are still climbing.
“As much as we’re beginning to see month over month decreases in inflation, which is good news, we also have to set in there that we have seen pretty significant price increases overall that have taken place over the last three years,” Kevelighan says.
Natural disasters are also driving up insurance costs
In addition to car crashes, natural disasters — fueled in some cases by climate change — are also contributing to higher insurance premiums, and not just in states prone to hurricanes or wildfires.
“We see a lot of hail damage,” says Grace Arnold, who oversees Minnesota’s insurance market as the state’s Commissioner of Commerce.
Arnold says the costs of weather occurrences can quickly add up.
“We consistently have billion-dollar storms in Minnesota, even if they don’t have the 24-hour hurricane watch ahead of them,” she adds.
Insurance regulators have to strike a balance
Regulators like Arnold have dual role: trying to keep insurance premiums low enough for drivers to afford them while also keeping insurance companies solvent, so they can keep paying claims.
“We in general have found that the rate increases are justified” she says, by the higher costs that insurance companies are facing.
The Insurance Information Institute says auto insurers paid $1.12 in claims last year for every dollar they collected in premiums. This year, that ratio is expected to be $1.09.
Insurance companies typically count on investment proceeds to cover that shortfall.
“What people really don’t understand is that insurance companies make most of their money by investment of our premiums,” says Harvey Rosenfield, the founder of Consumer Watchdog in California. “When they run into trouble, they have a scapegoat system set up where they blame something else for the fact that they need to raise their rates because they want to offset their investment losses. That’s how the industry works.”
So what can you do?
Most states require drivers to carry auto insurance, but there are ways for drivers to lower their costs.
“The very first thing you’ve got to do is shop around,” Rosenfield says. “There are often better deals to be had.”
Many companies offer a discount for drivers who bundle their auto and home insurance, as TV commercials seem to tout all the time.
Others will lower the premium for drivers who agree to install an app on their phone, allowing the company to track their driving habits.
Opting for a higher deductible can lead to lower premiums, though Arnold cautions against gambling with too little insurance.
“I find it helpful to think through a couple of examples,” she says. “If I had my car stolen, what would that mean for me? If I were in an accident, what would that mean? The last thing you want is to be surprised.”
Arnold says her office gets some complaints about the jump in auto insurance premiums. But more often she hears from people who are unhappy with what they see as a skimpy payout when they file a claim.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
South-Carolina
ESPN's College Football Playoff Predictor has updated again. Here's where South Carolina stands
ESPN.com’s College Football Playoff predictor isn’t perfect because it applies analytics to a situation that ultimately will be decided by a committee of humans. But it does provide a nice guide and discussion piece about which teams have the best chance to make this year’s College Football Playoff.
Because of that human element, the predictor has been updating twice each week, once on Sunday to account for Saturday’s games and again after the latest CFP rankings are released.
[More for subscribers: What latest rankings mean for South Carolina’s College Football Playoff chances]
While the Gamecocks won their game on Saturday and got a lot of help from the teams around them last week, the logjam of SEC teams ahead of them in Tuesday’s rankings is still limiting their upside at this time.
With the committee putting South Carolina behind fellow three-loss SEC teams Alabama and Ole Miss, the predictor currently gives South Carolina a 20 percent chance of making the 12-team field, which is three percentage points lower than its chances in Sunday’s update.
The Gamecocks do, of course, have one more huge opportunity to pad their resume when they travel to Clemson this weekend to renew the annual rivalry in what may be the biggest game in the matchup’s history.
Beat the Tigers, who are currently No. 12 in the CFP Top 25, and South Carolina’s chances of making the playoff jump to 46 percent, according to the predictor.
While that’s just under a coin flip, it’s also 12 percentage points lower than it was in Sunday’s update.
South Carolina is still very much in the hunt but is going to need to win and play very well against Clemson and get more help around it.
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As a reminder, the CFP committee’s top 12 teams won’t correlate exactly with the 12-team field.
The CFP will consist of the top five highest-ranked conference champions and the next seven highest-ranked at-large schools. The top four conference champions will receive the top four seeds and a first-round bye. The fifth conference champion will be seeded by its CFP ranking. If that ranking is outside of the top 12 it will be seeded 12th as the final team in the field.
The teams seeded 5 through 12 will fight it out in the first round with the winners advancing to the quarterfinal round to face the top four seeds.
The Gamecocks and Tigers are set for a noon showdown Saturday in Clemson.
ESPN Analytics uses FPI to simulate the entire college football season 200,000 times. A committee model is applied to mimic College Football Playoff selections and seeding in order to generate a 12-team bracket for each simulation. The most likely CFP teams are provided for user selections. After user inputs, a likely bracket is generated and randomly simulated using FPI.
South-Carolina
The Verdict: South Carolina was built for this moment
South Carolina football superfan Chris Paschal writes a weekly column during the season for GamecockCentral called “The Verdict.” Chris is a lawyer at Goings Law Firm in Columbia.
It will have been 44,592 days since Clemson students marched onto our campus with guns drawn when the Gamecocks take the field this Saturday in Death Valley. Back in 1902, Clemson students were mad because of a cartoon that depicted a Gamecock whipping a Tiger.
They marched on our campus, ready to cause bodily harm, over a cartoon. For 44,592 days, Clemson students, fans, coaches, players, and administrators have done everything but declare war on South Carolina to ensure they remain the superior football program in the state.
In 1902 there was more than just the cartoon. In 1902, Carolina beat Clemson.
The Atlanta Journal-Constitution put it best following the game: the Clemson Tiger “was so successfully tamed this morning by Carolina. Its tail was twisted and twisted by the sturdy ‘pig skin pushers’ of Carolina, and after two hours and more of hard battle it gave up further fight, for time was called and it became as tame as the proverbial lamb.”
Carolina upset Clemson who at the time was led by John Heisman and was considered one of the great southern football powers. I think that too probably had a little something to do with the hostilities and hurt feelings coming from the Clemson students.
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For the 121st time this Saturday, it will be Carolina and Clemson playing a football game against each other. And while we are past the days of armed invasions, you can’t help but think this Saturday’s showdown may be the most consequential in the series’ history.
There have certainly been big matchups in years past. I am not discounting 1987. I am not overlooking 1979. I understand 2011-2013 featured some great teams. But this coming Saturday, both Clemson and Carolina will still be alive and in contention to bring home a national title.
The chances for both are not significant, but they are legitimate. For the first time in the entirety of the rivalry’s history, both Carolina and Clemson fans can hope that with a win over their hated rival they are one step closer to a playoff berth, which means one more step closer in the quest for a national championship.
Hopefully, the players donning the garnet and black won’t think similar thoughts as they run out onto the field for what should be a cold but sunny day. This game to the players needs to be about one thing: beating a team they are better than.
In continuing the list of firsts, for the first time in roughly a decade, South Carolina will have what I consider to be the better football team when they kick the ball off against Clemson. I think we have a better defense, I think we have a better offensive line, I think we have skill position players that are just as good as Clemson’s (if not better), and I think we have the better quarterback.
But that is what I think. I am an attorney. I am a fan. Clemson players won’t just roll over because I declared we have the better team. In fact, I expect this Dabo Swinney-led Clemson football team to fight like hell in an effort to keep their thumb still firmly on top of us.
Like Clemson fans, I think Clemson football players and coaches also think it is their birthright to beat the Gamecocks. And why shouldn’t they?
Clemson has won eight out of the last nine against Carolina. They have danced on our sidelines in the fourth quarter to Sandstorm, they have talked about how they think they will dominate us; they have talked about how we aren’t the real USC nor are we the real Carolina.
Underneath this façade of respect and admiration for this year’s Carolina team, Clemson fans (and I assume players) quietly assume 2024 will be just like most other recent years. They assume the moment will be too big, they assume the ghosts of years past will be too much, and they assume that by about 3:30 in the afternoon, Carolina will have once again not been physically or mentally strong enough to defeat Clemson.
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But I also think these assumptions, which often manifest themself in a holier-than-thou arrogance, stem from a small shred of doubt and fear that has crept into their minds. Carolina fans had no idea Clemson was passing the Gamecocks as a football program until it was too late. From 2009-2013, Carolina won five straight over Clemson. They assumed Clemson and their bumpkin coach were finally second fiddle to the Gamecocks. They ignored Clemson’s recruiting successes, they explained away Clemson’s double-digit win seasons as illegitimate due to being in the ACC, and they watched Clemson build a juggernaut that had passed Carolina in a very real and lasting way by 2014.
All it took was one whipping in 2014 for Carolina fans to realize that Clemson was now on a path that would destroy Gamecock hopes and dreams for many years to come. That feeling of “oh, crap” that Carolina fans felt in the few weeks leading up to the 2014 Clemson games, I wonder if Clemson fans are feeling that very same thing leading up to this Saturday’s game.
Maybe the thought of Carolina passing Clemson as a program hasn’t even crossed their minds. Maybe it is absurd that I would mention that in this column. Maybe by the final snap on Saturday, Clemson will have soundly defeated Carolina and made me and so many hopeful Gamecock fans look foolish.
Or maybe Harbor, Kennard, Stewart, Hemingway, Sanders, Knight, Emmanwori, Sellers, and so many other Gamecock stalwarts are capable of handling business and showing we do have the better team.
A win this weekend could be program defining. It at the very least could be season defining.
Is Shane Beamer and this Gamecock program always a bridesmaid but never the bride? Or is this team going to let this state and this nation understand that this is a new type of Gamecock football program?
We won’t know until Saturday, but I will be in Clemson cheering Carolina on, with the hope – the belief – that we will see that latter. Let’s tame the tiger once again into the proverbial lamb.
Forever to thee.
South-Carolina
Warde Manuel discusses how Clemson-South Carolina winner could see College Football Playoff resume boosted
Ranked No. 12, Clemson is just on the outside looking in at the College Football Playoff. But the Tigers could help their case on Saturday.
Hosting in-state rival and No. 15 ranked South Carolina, Clemson could notch a very meaningful win. And on top of being the best win the Tigers would have notched all season, it would be a strong final argument to make for the selection committee — assuming Clemson doesn’t back into the ACC title game.
While he didn’t comment on specifics of a hypothetical, CFP selection committee chair Warde Manuel acknowledged a win would surely help Clemson’s case to snag an at-large bid, when asked directly about the Tigers.
“I’ll continue to say we don’t look forward and we don’t project, but winning always helps. I will say that,” Manuel said. “When teams win, we value what they do. I don’t know what that would mean towards where they will be in projecting, but there is value in winning games.”
And it’s a boost that could cut both ways. As much as a win could help Clemson, it could be equally valuable to South Carolina as the Gamecocks try to get in position for an improbable at-large bid, one that would require some chaos ahead in the rankings.
Manuel also explained why Clemson slotted at No. 12 ahead of a cadre of SEC teams.
With Clemson slotted in at No. 12 in the latest College Football Playoff rankings, ahead of the likes of Alabama and Ole Miss, the decision of skeptics, despite the Tigers having a slightly better win-loss record.
Both the Crimson Tide and Rebels are 8-3, but have arguably better resumes than Clemson, which lacks many big wins. Nevertheless, the selection committee found the Tigers resume to be just enough to put them ahead, according to Manuel.
“Well, Clemson slid up with some losses ahead of them by Alabama and Mississippi, and they had a win against Citadel, obviously, but that wasn’t the big reason,” Manuel said. “Obviously they’re at 9-2, with only two losses. The teams right behind them have three losses. We just felt as a committee as we looked at their body of work, with three straight wins after their loss to Louisville, including back-to-back wins against Virginia Tech and Pitt, that they deserved to move up into that 12th position.”
Manuel also discussed how the committee came to the decision to delineate Alabama and Ole Miss as the No. 13 and No. 14 teams, respectively.
Three SEC teams – Alabama, Ole Miss and South Carolina – have three losses, and all eyes were on where they’d come in during the fourth rankings reveal.
Ultimately, Alabama came in as the highest-ranked of the group at No. 13, followed by Ole Miss at No. 14 and South Carolina at No. 15. According to Manuel, that decision was largely due to head-to-head matchups.
Manuel said the Crimson Tide’s resume – which includes wins over Georgia, Missouri and LSU – was a separator in the committee’s decision. But since Alabama and Ole Miss both have wins over South Carolina, that led them to come in at 13, 14 and 15, respectively.
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