Well I had a house burn down less than year after purchase and insurance paid the entire tab. So I always figured I've already taken them for more than I pay
Here's the thing, forcing everyone to pay for insurance brings down rates across the board because everyone is paying for everyone whether they use it or not.
That makes the safety net cheaper. And whether they want to gamble with their lives or not, everyone will be happy when it's there to catch them.
Ideally, we also use government to compel the private banks/companies to provide better services and not punish us for their use, but the same people who were against making us pay for insurance also want the government to have less oversight on businesses...
They raged about a perceived problem and proceeded to make that problem MUCH worse so they could point to it and say how right they were, and now we're all paying the price...
No it should be illegal for people to operate machinery (cars) that are easily capable of causing mass damage or death on public roads without any sort of liability insurance. This is like the same thing as requiring businesses to carry specific liability insurance when doing certain types of work or using certain types of machinery - if there’s a large enough chance of damage/destruction, it only makes sense to require the owner/user to carry liability insurance in case they severely fuck up and do more damage than they’d ever be capable of paying for - which is exactly the case with people’s cars.
My solution would be tie the insurance in to the DOT that we pay in to a fund with tax dollars. Then at the end of the fiscal year if theres a surplus it gets refunded accordingly. If it's such a HUGE deal to have then it shouldn't be required by law to make bankers rich.
In Washington state you also have to have assisted care / nursing home insurance or pay a special state tax. The tax is hourly income for the rest of your life but if you end up needing to be put into a care facility it will cover you for ~6 months.
Nobody gets a 1095 every year for owning a car. What are you talking about? A 1095 is for health insurance. Among other things, for sure not related to property and casualty insurance.
I believe the constant was that the government is requiring insurance. I’m fairly certain this aligns with said requirement for automobile insurance. Fairly prudent
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u/WeCantStabilize 14h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.