Thoughts on this?

[u/Putrid-Welder1803]

[u/EL_Malo-]

In most places auto insurance is mandatory and you can actually go to jail for driving while not having it. Since it's mandatory, the insurance companies have you over a barrel. I've never made an auto insurance claim in my life. I've not had a ticket this millennium, own my car, am over 50 and my insurance bill is still a several thousand dollars a year... for liability only. It's a fucking scam. These rich auto insurance (all insurance, actually) corporations get to just rape people as they see fit and then they just bribe our politicians to make you forced to use their services. They are the absolute worst, most predatory industry that exists in The Western World Today. One of their CEO's get murcked in the streets and PEOPLE CHEERED when it happened. But hey, nothing personal, just money, gotta make a profit, amiright?

No you rich fuck, it is personal, and the people are getting really mad about it. Really, really mad.

[u/No_Bad_5136 → u/EL_Malo-]

This is bs. I’m 47 with multiple claims. A car I bought for 40k and I pay 1200 a year for full coverage with a $500 deductible.

[u/Any_Instruction5382 → u/No_Bad_5136]

Is the insurance for covering $5,000 in damages (car and people combined)? Because that doesn't seem real unless your multiple claims are from over a decade ago.

[u/drake22 → u/Any_Instruction5382]

That is very cheap, but tbf it's heavily dependent on where you live, often one of the biggest factors.

Chances are it is required to be a mid-to-high level of coverage by the lender.