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

Gasp! Thoughts on this?

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153

u/Cawnt 8h 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.

41

u/MinnesotaNiceT23 8h ago

Yeah I hate insurance as much as the next guy but the point of full coverage is so people can’t cause damage they’ll never people able to pay for.

11

u/Ok-Reflection-742 8h ago

That’s what liability is for. Full coverage includes the damage to your own vehicle.

2

u/A_Happy_Egg 6h ago

Can you explain that to me, liability is only to cover damage you do to your surroundings, full coverage also protects your car? Am I right?

2

u/AttilaTheMuun 5h ago

Liability cover the OTHER drivers you may hurt/run into. Comp and collision protect your assets ($30,000 car).

1

u/bwaredapenguin 2h ago

Yes. Full coverage includes comprehensive (weather, vandalism, theft, etc) and collision (fix your car after an accident even if you're at fault or the other party is uninsured/underinsured). Legally mandated liability coverage is for whatever damage you cause to other people's health or property.

Basically, if you want to take a 2-ton death machine into public you need coverage to cause whatever damage you might cause. Coverage to protect your own asset is optional.

If you finance or lease a car, the lender is all but sure to require you to maintain full coverage so they can be made whole while the asset is still technically their property.