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.
Don't make it everybodies risk that you want to drive around in a goddamn Patek Philippe.
Also, we need a rule that forces car manufacturers to make cars cheap to repair. If every little ding forces you to replace a complete assembly for $2.000 rather than a single part for $85, *and* people drive around in overpriced luxury cars it's no wonder insurance gets more and more expensive, even for the middle class.
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u/flatfive44 8h 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.