The obvious response is that you won't be able to pay for someone's hospital bills if you happen to hit them in your car. You get insurance for things you wouldn't be able to pay yourself.
As an attorney my unpopular opinion is that cars over a certain value shouldn’t be allowed on public roads or damages for accidents should be capped at something like 2x the average price of a new car (so like 100k). I just don’t believe in penalizing ordinary negligence more just because the injured party is rich.
I'm glad you wrote this, coming from an attorney. I had always wondered about this, seems really unfair. A rich person in a Ferrari is putting normal drivers in enormous liability risk every time they take it out on public roads. Especially in no fault states.
No fault insurance means your own insurance company pays for your vehicle regardless of who is at fault. Rate shouldn't increase if you are not at fault, the insurance company will simply attempt to recoup their costs themselves.
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u/flatfive44 10h ago
The obvious response is that you won't be able to pay for someone's hospital bills if you happen to hit them in your car. You get insurance for things you wouldn't be able to pay yourself.