Kaz Weida
speaker
196 appearances
1 recordings
1 series
first heard Jan 2026
last heard 15 Jan
Kaz Weida’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
So that is a sign maybe we could see some more modest increases, fingers crossed.
But the other thing that's happening with severe weather that's affecting rates has caused some insurers to pull out of markets in some states.
And when there's less competition, you get higher rates.
So hard to read the tea leaves in the future of insurance rates there.
But let's just hope for modest increases at this point.
Yes.
For sure.
I mean, I think this is something most people look to do.
My premiums have gone up.
I'm going to raise my deductible or I'm going to cut coverage down to whatever my state requires, which is usually liability insurance.
And there is some risk in that approach.
For instance, let's say you live in Pennsylvania and you drive in Pennsylvania.
The minimum liability insurance requirements in Pennsylvania are $15,000 per person bodily injury in an accident and $5,000 for property damage per accident.
But in a serious accident, so the Insurance Information Institute has this data from 2023,
Bodily injury claims on average in a serious accident were $26,000.
And property damage was upwards of six.
So you can see how your minimum insurance is sort of going to leave you on the hook for the rest, which is not a financially comfortable place for most people to be.
So try not to drop your auto coverage down to minimums.
And NerdWallet generally will say, hey, you want enough liability coverage to protect your assets.
So that involves figuring out your net worth, look at your savings, look at other assets, subtract your debts, and then make sure you have liability coverage in that amount.
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