Auto insurance. Do you think it is a rip-off?

dance_17_2001

It doesn't help that you live in a state that rates higher on auto insurance. If you moved to another state and get quotes for that state, you will realize that MI is expensive on insurance.

MR MOM USMC RETIRED

sure until you have a wreck, oh and by the way,, the wreck does not have to be your fault, sombody runs a red light and whamo its 5000 to fix your car, i was in a car wreck with a guy that had no insurance and i think he s still paying off the hospital bill from 5 years ago, plus my insurance sues the crap out him, so he will pay through the nose for a very long time,, i got a check within 30 days

Annie Oakley

Auto insurance was a choice many years ago.

I was minding my own business, driving my motorcycle down the road. I stopped to make a left hand turn. That's all I remember.

A drunk, who was going between 65-70 (they measured his skid marks) hit me from behind. When the ambulance arrived, they thought I was dead. They called me in DOA (dead on arrival). I was covered up with a sheet.

A friend of mine who was at the hospital saw me have a spasm and yelled to the doctors & nurses: "she isn't dead!" I was taken into another room and resuscitated.

I ended up spending 2-1/2 months in the hospital. The drunk driver had caused me to have a broken neck and a damaged right eye (my face had slid down the road & a rock had lodged in my eye). The drunk had no insurance. The hospital bill was over $100,000.

I still suffer from neck pain today, and my right eye is permanently damaged. The uninsured drunk had a choice about whether to buy insurance, or not. He chose not to. Is this how you really believe it should be? Or, did the uninsured drunk rip me off?

Bingo

First off it may feel like a rip off if you never need it but that first accident you will be glad you have it, No it should not be a choice to have insurance I've been in accidents where the guy that hit me didn't have insurance and I had to pay to fix my car and he ran the stop light, I paid the hospital bill when I had a punchered lung, 2 broken ribs. Unless you have millions of dollars in your pocket you can't afford to be in a accident without insurance.

ckcool192000

The problem with any insurance is that we all feel like we are thowing your money away. But before you say you want car insurance to be a option rather than a must consider this:

If you are in a wreck and the other person is at fault, this means the other person or other person's insurance should cover any damage to your vehicle or your person. Now lets say that the other person by choice doesn't have insurance and absolutely refuses to pay for any damage. You could take them to court for the money but if they don't have the money its kinda like trying to get blood from a turnip.

As long as everyone is required to buy insurance then you know if you are in an accident and you are not at fault you know that the other person's insurance will pay for any damage with out your insurance going up. If your insurance had to cover all damage even if the accident wasn't your fault your premiums would be even higher.

roady42

It is just a way to spread liability around.

The insurance companies don't make some fabulous fortune at it, its around 5% profit.

fangtaiyang

Most insurance is, in a sense a rip-off, in that you tend to pay out much more than you get back from it. It is, however necessary to have at least liability coverage. This protects you and your possessions and your income in the case of an accident. If you are financing a car, you are required to carry more coverage as a protection for the finance agency, and you wouldn't want to be paying for a wrecked car anyway.

sensible_man

Why do you think that you should be able to drive and not be covered in case of an accident? If insurance is taking so much of your money, what do you think a lawsuit against you would take?

GrnEyedBandita

Good luck trying to self insure. Insurance is mandatory only if you have a vehile. You dont HAVE to have a car.

fwf43

Reduce your coverage to PLPD, if your car is paid for. If you have an accident, injure or kill somebody, at the very least there will be some compensation for the person you hit. PLPD will cover only damages to others, not so much you, and definitely not the damage to your car. Your choice, but if someone hit me, injured me, they would live in the "poor house" for the remainder of their life. Considering, they were driving un-insured.

keith b

If that is the case then it is probably that you are under the age of 25 or you have some stuff on your record. The longer you stay wreck and ticket free and with the same insurance your rate will lower. I have been with the same insurance for 2 years and every 6 months my premium drops. Hang in there and yours will too. Good luck

Bruce J

I can't understand why it would eat up a significant portion of your income. The only reasonable explination is that you have a loan outstanding on the vehicle.

Law only requires that you carry liability. This is usually fairly cheap. However, if you have a loan on your vehicle, your LENDER (or bank) requires that you have full coverage. The obvious way around this: stop buying cars that you can't affford. Pay cash for your vehicle, even if it mean you have to drive a POS.

The other option: lie. Don't carry insurance, except when you tag your car. If you are a safe driver, and you don't get into accidents, it won't matter. If you do get pulled over and ticketed, it entirely legal to run out that same day and get insurance. You will beat the ticket.

If you don't like the way the system works, find a different way to work the system. Otherwise, you will never get ahead.

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