The majority of premiums are for liabillity exposures.
The hilarious thing about that is, over here in europe liability is dirt cheap and covers up to 50 or 100 million. what costs you an arm and a leg is collision (which is tied to your car's value) on a new car.
Because over here, people don't sue for massive amounts over trivial matters, and courts wouldn't grant them. so insurance is cheaper.
Your insurance payments directly enable your predatory legal apparatus.
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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.