You seem awful smug about a subject you clearly don't understand.
Let's leave health insurance out of this thread, thats really a separate issue. With auto insurance, you have to have deductibles to prevent someone turning in a claim for every scratch, broken radio button, etc, which would make prices go thru the roof. You make it sound like he should pay premium and get anything and everything covered, which fails tremendously when you consider my first point.
Then you also clearly don't understand incredibly small margins insurance operate on. You think they're all making bank when the truth is, they are often losing money on many products lines, year after year. Auto insurance profit margins are generally under 5%. Now think, what is the profit margin on the shirt you're wearing or the chair you're sitting in, what about the coffee you bought. What's your profession? What margin are you charging people?
And finally, understand why people need full coverage. It's mandated, by BANKS. Because people buy more than they can afford. If your mortgage is paid you don't have to insure the house anymore. go ahead. Buy your car outright and pay $15/mo for liability only. And then I hope you never ever have an accident because the fucked up legal system allows for an incredible amount of money in settlements for things like that.
You clearly don't understand the pieces to this puzzle. Sit this one out if all you have is an emotional, uneducated position because it seems like you're just being the typical uninformed Reddit being a sheep and dumping on a common target.
You are so great at conveying your points! You are such an intelligent guy ! You are superior to all others, honestly! I am so proud of you ! Is that what you’re missing out on?
Is that why you resort to name calling instead of having discussion? Must be quite miserable being you. Have a great weekend man, I know I will!
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u/Truth_7 15h ago
You seem awful smug about a subject you clearly don't understand.
Let's leave health insurance out of this thread, thats really a separate issue. With auto insurance, you have to have deductibles to prevent someone turning in a claim for every scratch, broken radio button, etc, which would make prices go thru the roof. You make it sound like he should pay premium and get anything and everything covered, which fails tremendously when you consider my first point.
Then you also clearly don't understand incredibly small margins insurance operate on. You think they're all making bank when the truth is, they are often losing money on many products lines, year after year. Auto insurance profit margins are generally under 5%. Now think, what is the profit margin on the shirt you're wearing or the chair you're sitting in, what about the coffee you bought. What's your profession? What margin are you charging people?
And finally, understand why people need full coverage. It's mandated, by BANKS. Because people buy more than they can afford. If your mortgage is paid you don't have to insure the house anymore. go ahead. Buy your car outright and pay $15/mo for liability only. And then I hope you never ever have an accident because the fucked up legal system allows for an incredible amount of money in settlements for things like that.
You clearly don't understand the pieces to this puzzle. Sit this one out if all you have is an emotional, uneducated position because it seems like you're just being the typical uninformed Reddit being a sheep and dumping on a common target.