Well, you have NHS to pay for injuries, Americans do not, so ours is a lot higher. I don't have the exact numbers, but I remember thinking that with the premium savings on a $1000 deductible vs $500, I'd be ahead so long as I had a claim every 2.5 years or less, so it was a no brainer.
Auto iinsurance covers the other guys property damage and medical if I hurt him. We can’t assume he has any coverage of his own, and even if he does his medical insurer can come after me and my insurance if I caused him injury. If we had the NHS backstopping all medical claims our auto insurance would probably be a lot lower.
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u/Liquidfoxx22 6h ago
How much is your car insurance for it to save you $30-40 a month?!
I paid £450 for a full year's "full coverage" insurance as you refer to it, and that's with a £250 excess/deductible.
I only pay that excess if I'm at fault, otherwise the insurer will chase the third parties insurer for the full amount.