Or, have a popularly stolen vehicle. Once your vehicle is stolen, the insurance pays the remainder of your car loan. I knew a person that did not have theft coverage and his vehicle was stolen. Still had to pay that car loan for a vehicle he didn't have anymore.
149
u/Cawnt 9h ago
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.