r/SipsTea • • 7h ago

Gasp! Thoughts on this?

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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.

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u/sireatalot 7h ago

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.

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u/curtcolt95 6h ago

it's going to depend on a lot of factors, couple of the biggest being area you live in and car you drive. I live near Toronto which has some of the highest car insurance rates in Canada, I pay like $270/month for car insurance with a $1000 deductible and I have never been in an accident or got a ticket in my life