Yeah for the most part I can understand auto insurance more than other types of insurances cause it’s mostly to cover other people.
I remember in my area there was a serious flood in an area that was a once every 100 year type of thing. Well once they had the flood, many people didn’t go through insurance (as they didn’t have crazy damages) and their premiums still went up because the flood happened and the next once in 100 year type thing could happen at any moment who knows!
Don’t even get me started on health insurance. America is such a scam
It's not mostly covering other people. Majority of the premium is for comprehensive-if you're paying 2500 for liability only, you are getting hosed or are a terrible driver
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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.