Christopher Slick, a former South Carolina Director, revealed that he paid $1,400 monthly to insure a car that was subsequently stolen. In contrast, his new vehicle costs him $285 per month to insure. This significant difference prompted him to reconsider his insurance options. Slick made this statement on his social media platform X on March 16.
"My auto insurance on the old car that was stolen was $1400 a month," said Slick, Former S.C. Director. "The insurance on the car I just bought is $285 a month."
According to Little & Sons Insurance Services, insurers assess theft rates in specific areas and the types of vehicles stolen when determining premiums. If a car is stolen, the claim becomes part of the driver's insurance history, potentially leading to increased costs. Vehicles frequently targeted by thieves or those stolen in high-theft areas are considered higher risk, which can also result in higher insurance rates.
Carrier Management reports that lawsuit abuse is contributing to rising auto insurance premiums. Excessive litigation is increasing insurance costs, with insurers paying out more than $1.10 for every dollar in premiums collected. The report highlights the role of third-party litigation funding (TPLF), where hedge funds and investors finance lawsuits for a share of settlements, further driving up costs. In Louisiana, legal system abuse costs each resident over $1,100 annually, while in Florida, excessive litigation has led to multiple insurer insolvencies.
KTNV Las Vegas reports that Nevada drivers are facing a 14.5% increase in auto insurance premiums in 2025, making it the third-most expensive state for car insurance with average annual premiums nearing $3,000. The rise is driven by increased claims due to accidents, extreme weather, and crime, with Las Vegas drivers feeling the financial strain the most. While this year’s hike is lower than the 28.6% surge in 2024, many residents are struggling to afford coverage and some are considering driving uninsured due to high costs.
According to his X profile, Slick is a political strategist who has worked on multiple presidential campaigns including serving as the South Carolina Director for Vivek Ramaswamy and six other candidates. He is also an avid traveler who has visited 54 countries and 48 U.S. states.
