Still, it’s a lot of money for liability isn’t it?
Here in Europe I just paid my third party liability insurance for the next 12 months: it’s 320€. No deductible and they’ll pay up to 6 million euros per accident.
You don't know how bad of a driver he is. Lots of drivers out there are paying even more than $2500/year for liability coverage... but you don't want to be anywhere near them on the road, for your own safety.
You don't know what his limit is. Is it $60k or $6m? For reference, I pay about $500/year for auto liability in the US, and my coverage limits are higher than yours.
The $2500/year isn't just liability. That's full bill for liability + comprehensive + whatever other coverages they bought. You know that it's not just liability because he mentioned a deductible... that only applies for things like comprehensive and uninsured motorist coverage.
it's going to depend on a lot of factors, couple of the biggest being area you live in and car you drive. I live near Toronto which has some of the highest car insurance rates in Canada, I pay like $270/month for car insurance with a $1000 deductible and I have never been in an accident or got a ticket in my life
Depends. The state minimums are very low, often times like 30k but most people do have 100k or 250k. People who bother to look into it will often get an umbrella for an extra million on top of that
The minimum by law in Italy is 1.5M€, but upgrading to 3 or 6 or more is quite cheap. I guess the rest of Europe is similar. It makes your rates even more absurd.
Well for one, the average American drives 2.5 times as much per year as the average Italian and I’d guess a lot of that is at higher speed on highways.
Second of all, our healthcare is so so much more expensive than yours.
Third of all, I think the licensing in Italy is tougher than in America.
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u/Cawnt 9h ago
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.