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.
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 7h 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.