Yes it should be and it should be mandatory that the state provides it. Ontario has only private insurance groups and it's not unheard of fit for a 20-26 year old to pay 200-600 a month on insurance. It's a huge scam and no one is willing to address it.
In what sort of anarchichal society isn't it a legal requirement to have some form of insurance?
Britbong anon here. It's legally required to have some form of insurance otherwise you can have your car seized (pic related, a bentley presumably paid for in cash by some sandpeople who then didn't bother to insure it).
3rd party is the lowest level, which protects other people's cars if you crash into them. Then 3rd party fire and theft, which is pretty obvious. Then fully comprehensive, which covers your own car too.
Funny thing is, fully comp is often cheaper than the other options.
When I was 24 and had an abarth 500, it cost me £30/month for insurance. I'm 26 now and have a C2 VTS (125hp euro warm hatch shitbox) and it costs me £21/month.
I've priced up a few other cars for comparison...
Insurance costs for me at 26, with 9 years of no claims bonus, two parents on policy, all of these are fully comprehensive with a £500 excess:
Ford Focus ST (last gen) £32/month EP3 type R £35/month S2000 £36/month GT86 £34/month BRZ £32/month (yeah I don't know why either) 350z £35/month ND Mx-5 (2.0) £26/month BMW e92 M3 £65/month
So really, any of the cars (aside from the M3) are around £30 per month, which fully protects me, any other drivers, and insures me against theft and fire.
I've only ever had one crash in my life, and it was with a supermarket van that ran a red light, and the supermarket paid for all my repair costs without using our insurance. So I've never ever had to use my insurance - which means I've wasted thousands of pounds over the last decade... However, I'd rather have insurance on my car than not, given how much it pays out if you need it to versus what you pay in.
>>14204239 This, and in the US, state. New York makes it wayyyyy too easy to claim $50K-$150K settlement on whiplash in simple accidents. The result is as someone who is 25 with a Ford Fusion and a clean record I pay $600/6 months for insurance. In some states people with a similar driving profile would pay $20/month.
If people were actually held accountable for the things they do to other people, like plowing into them at mach 10 at a red light or going down the wrong way on an interstate, then we wouldn't need it. but the amount of people with no savings, no income, and no assets to take to pay for their malfunctions they do to innocent people is so high and accepted by society we really don't have any other choice.
Wait, it's not legally required in America? Jesus Christ that must be a fucking nightmare. At least in Bongland you at least know that the majority of drivers are insured (it's pretty fucking easy to get caught if you don't) so if someone rams in to the back of you, or you damage your car, you're covered in some way.
Downside is that it's fucking expensive if you're under 25. God help you if you've got a bigger than 2.0L engine too.
>>14204396 https://en.wikipedia.org/wiki/Vehicle_insurance_in_the_United_States#Requirements_by_state tl;dr New Hampshire requires you to pay for your damage in an accident but not actually have auto insurance. All other US states have minimum coverage. >New Hampshire: Live free or Die Coincidentally NH is one of very few places in the US where wearing a motorcycle helmet is not mandatory either. >Live free or die
>>14204425 here Also, in the US, we also have what is called underinsured/uninsured motorist coverage. If the other guy happens to not have enough insurance to pay for the damage to your body/your car, then your insurance has to pay for it.
>>14204436 ....and then your rates go up and you have a deductible to pay, depending on your insurer in the meantime the fag who caused it has a wrecked was-barely-worth-500-bucks shitbox and MAYBE a ticket.
>>14204480 In New York your insurance will sue them for everything they're worth and proof of fault for the accident (e.g. dashcam which can demonstrate that you are majority not at fault or not at fault) does matter. In New York it's hard to drive a shitbox uninsured; you have to present proof of insurance WITH a New York Driver's license that matches the name letter-for-letter when you go to register a car. If you stop insurance on a car, the insurer is required to electronically notify the DMV, who will suspend your registration if you don't have new insurance.
Out of state the rules get a bit different but in underinsured/uninsured situations the rules generally favor the claimant.
>>14203025 Are you implying that your stock grocery getter is some kind of hyper car? I insured my tt z32 when i was 18 for 140/mo liability and 200 comprehensive. Wake up you faggot that 86 you dont have isnt even a racekor
>>14204507 So you dont eat up the whole repair. Insuranc works by putting you in one of a few groups. You went from clean group to accident group. It doesn't matter if it wasn't your fault. You were in an accident, thats all that matters to them. If it was your fault it would've went up alot more because you'd then be in at fault accident group. This is the simplest way i can explain it.
>>14204345 I'm gunna go out on a limb and say that isn't correct.
It's fiscally responsible to self insure by carrying a high deductible and having liquid money to cover minor incidents, but with medical and more expensive cars and accident could leave you on the hook for tens of thousands of dollars.
I was in a minor accident and the Mexicans in the car I hit sued the insurance for "whiplash". Typical I'll sue this guy and make a buck type thing, they ended up walking with well over 100k.
Point being it's cheaper to have decent insurance when something like that goes down.
>>14201813 Yes. If you hit someone, you have to be able to pay for their repairs. Requiring car insurance is the easiest way of doing this. Trust me, going through the courts to get some deadbeat to pay for his damage was the most annoying thing I've ever done. The average Joe can't be trusted with the responsibility of saving emergency money on their own like that.
>>14202698 I think just about all states require private car insurance, or you have to pay the state a certain amount. There might be one or two states where you don't have to do anything.. but i can't think of any.
If you are taking a loan or lease, must loaners require insurance as well.
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