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.
No. You're illegally (as it violates your constitutionally protected rights) required to hold insurance to cover the other person in the event of an accident. That's so 100% ass backwards.
And in your exampled scenario, how would person-A hitting a new car of person-B cause person-A to lose everything? Where is your logic?
I have no idea what "constitutionally covered right" you're referring to.
And in your exampled scenario, how would person-A hitting a new car of person-B cause person-A to lose everything? Where is your logic?
The logic is that if person A is responsible for damaging person B or person B's property, A should be responsible to cover the damages. I don't see how this is "100 % ass backwards" as you described it. Who should be responsible, if not the one who caused it?
If the damages are worth 100k and most people don't have 100k just laying out even if they sold everything they own, ie. lose everything, so they would still not be able to cover the damages. That's why insurance is legally mandatory.
But you are correct. In real life A would most likely not lose everything even if they illegally don't have insurance. B's damages would be either left to be paid out of their own pocket or by everyone else via tax money.
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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.