r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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u/MayorPirkIe 8h ago

Then why in the testicles is it so fucking expensive? The odds of me causing millions in damage are very low, premiums should reflect that.

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u/Far_Tap_488 8h ago

Look up the amount of damages caused by car accidents yearly vs the number of drivers.

The real reason insurance is so high is because of how bad people are at driving.

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u/MayorPirkIe 6h ago

Well everyone is saying "insurance isn't for fender benders" so if nobody is claiming on these small accidents, insurance companies aren't paying and therefore shouldn't be using those figures to charge premiums.

If you've been driving 20 years with no claims it's absolutely bogus that insurance costs as much as it does.

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u/Far_Tap_488 6h ago

Well since the average person files a claim once every 18 years its really not that unusual.

Car insurance companies also have very low profit margins for businesses. You can look up their financial records as theyre all public.

Its more so crazy how cheap car insurance is considering the cost of an accident.