Side Pocket Topic -- Does Denver/metro use insurance companies as a substitute for policing?
When I read above that WalletHub rated Denver
48th for Safety, it didn't seem to pass the smell test. But it made me curious and it isn't how you want to be known.
Best States to Live in (2024)
Aug 12, 2024 By Adam McCann, WalletHub Financial Writer
Here's their methodology parameters for Safety
Quote:
Safety - Total Points: 20 [our of 100 for all categories]- Violent-Crime Rate: Full Weight (~3.64 Points)
- Property-Crime Rate: Double Weight (~7.27 Points)
- Traffic-related Fatalities per Capita: Half Weight (~1.82 Points)
- Total Law-Enforcement Employees per Capita: Double Weight (~7.27 Points)
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It seems the metro area, the whole state is very slow-footed. For years, the metro area was at or near the top for car thefts. Eh, who cares, it's just a property crime. Let Joe worry about it. Perhaps everyone is too preoccupied chasing liberal dreams to care?
Next source:
https://www.cbsnews.com/news/car-ins...ates-insurify/
August 20, 2024 By Aimee Picchi, Edited By Anne Marie Lee
Quote:
There's some bad news ahead for the nation's car owners, with a new report forecasting that auto insurance — one of the biggest drivers of inflation this year — will continue to rise in 2024. That's according to a new report from Insurify, a company that provides data about auto insurance rates. The typical U.S. insurance policy will jump 22% this year... the report found. That comes after drivers saw their policies jump 24% in 2023, it noted.
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This site has an interactive map. This is what it says about Colorado:
Quote:
The average annual cost of full coverage car insurance in Colorado is projected to increase to $2,839 by the end of the year. This represents a total projected increase of 28% in 2024.
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Consider that insurance rates are a lagging decision based on previous year(s) results. Comparable figures for nearby states include:
- Arizona -- $2,195
- Utah -- $2,192
- Oregon -- $1,983
- Texas -- $2,915
Comparing City Public Safety Budgets
Of course I used Phoenix because for one thing it's easy to Google; Denver not so much. But also I consider Phoenix to have a credible police, fire etc protection.
Talk about comparing apples to oranges. In wanting to equalize the comparisons I figured out that if you add the populations of Denver, Aurora, Englewood, Lakewood, Thornton and Littleton you're still not quite the population of the city of Phoenix but getting close enough. lol
Bottom Line:
Denver's current Public Safety budget is ~ $569 million (Phoenix is right at $1.5 billion) If you were to add $200 million to Denver's budget or another 35% you'd equal the per capita figure for Phoenix.
I'm not sure it's important to spend as much as Phoenix per capita but given the rep that Denver ain't so safe, does anybody care?
Violent crime at "crisis levels" in Colorado as prosecutors see youth crime skyrocket
August 21, 2024 By By Kelly Werthmann -- CBS Colorado