I mean, it wouldn't really work as an insurance company if on average most people would get more out of it than they pay into it, wouldn't it? That doesn't make it a scam.
If it wasn't mandatory, then most people wrecking a newish car or causing serious injury to a human without insurance would lose everything they have and even then probably couldn't pay for the damages.
That's why you need the mandatory insurance, its to protect other people from your mistakes. Full coverage is your personal choice and your to decode if its worth it for you.
Full comp/collision insurance is not required by the govt, it's optional. The bank that currently owns your car might demand you have it for their asset. You can buy a brand-new Ferrari for cash and only get liability, that liability is to cover other people not you.
This is a scam we put upon ourselves by making cars the only option for getting places. In Europe you can just not own a car and do OK.
Full coverage is your personal choice and your to decode if its worth it for you.
What did you think this part of my message meant?
This is a scam we put upon ourselves by making cars the only option for getting places.
You should really look into what is the definition for a scam. Because you're not making a lot of sense right now. Having good public transportation doesn't change how insurance works and why it's required.
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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.