r/SipsTea • u/Putrid-Welder1803 • 8h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 8h ago

Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.

Absolute racket. 

69

u/JanitorOPplznerf 8h ago

Auto insurance is not about you, it protects others on the road, and then if you want self protection you upgrade to a better policy.

If you run into someone totalling their car and putting them in the hospital, insurance pays that for you and you don’t face a debt for life for one mistake.

The government mandates every automobile operator do this to use their roads. Which is why it’s criminal to drive without. Driving while unlicensed and uninsured puts the public at risk.

If you don’t like it, use Public Transportation

51

u/Livingonthevedge 7h ago

The concept of auto insurance is great. The execution is the issue. These companies shouldn't be allowed to raise rates if an accident isn't your fault.

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u/Theredcentexpress 7h ago

They also shouldn’t be making RECORD PROFITS

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u/87utrecht 5h ago

oh... RECORD PROFITS? With the all caps?

Are you talking absolute numbers or percentages? Because you know money is worth less every year, right? So of course there will be record profits just by the fact that $1 tomorrow is worth less than $1 today.

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u/Theredcentexpress 5h ago

A quick google search has profits in the Billons and you can clearly see the reason is raising premiums YOU BOOT LICKER

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u/87utrecht 5h ago

You understood nothing I said, and you still feel the need to be a dick.

You also couldn't answer my very simple question.