>>64692195 >you paid insurance >then you find out they'll only pay for half the car to get repaired >you can't drive around on 2 wheels You just know there are some people watching these going "yeah, how the fuck they gettin away with this"
>Insurance rates are so high were you live because of all the bad drivers. >Your insurance rates are so high since you're under 25 >Your insurance rates are so high since you're under 35 >Your insurance rates are so high since you have a red car
>Insurance companies plastering TV ads 24/7, during super bowl, etc.
It really is pretty bullshit how car insurance works, though. Let's say you pay into it for 5-7 years without a single accident. You've given them several thousands of dollars at this point and had ZERO liability, you cost the insurance company NOTHING. Then there's an accident that involves, say, a $1000 claim for repairs. So the insurance pays that, and now you have an accident so your actuarial liability goes up and that means you have to pay higher premiums for another 3-5 years. Not up to the amount that covers your claim, even, you'll pay them back multiple times what they paid on that claim using the added costs alone, not to mention the base premium you've already been paying. So you end up paying them like $20,000 over the course of 8-10 years just so they could cover that one $1,000 accident.
It's good that insurance companies now have "accident forgiveness" and stuff like that, but I think it could be done better. Let's say you pay $100 per month for insurance. $50 goes into administration fees that keep the company running, and the other $50 goes into a sort of bank account that the insurance company owns with your name on it. They get to earn interest on this money, which is additional revenue for them. As you accumulate money in this account, if you ever have claims but they don't exceed the amount in that account, then your premiums don't go up and it just gets paid. If, however, you EXCEED what you've built up in that account then you've actually become a liability and a financial burden, so they raise your premiums.
So if you have no accidents after 2 years, you'd have $1,200 in that account. So if you get into some fender bender that has a $1,000 claim, it just gets paid and you keep the same premiums because you didn't use any money other than what you've personally put in anyway, meaning you didn't cause a financial burden.
But it will never be that way because the current way makes tons more money for the insurance companies.
>>64692771 Or just live somewhere that doesn't worship the motor car as some kind of god.
I'm 33 and never driven a car nor will i ever.
I never understood the american obsession with cars until i went their and found in a lot of places they do everything they can to make it ipossible to live without a car. Public transport is terrible, everything thing is built very far apart, theres a real culture of car driving, to the extent that many people will give up most of their money and lose out on so much other stuff just to have a car.
in america more people are killed by cars than by guns and you don't seem to care about it at all. Thats not just america of course, this happens nearly everywhere.
A very human madness, societies built around cars, roads everywhere, huge tracts of land given over to the temporary storage of cars, people throwing all their money into them.
>>64692936 It's even worse in major cities. Small towns can be a pain, but if you're not completely lazy, you can manage to get around with a bike or something. Cities esp big ones, forget about it. If you don't have a car, you're not going anywhere.
I don't disagree, but it's not easy to just relocate overseas and I wouldn't want to because I want to be near my family and friends anyway. I actually have arranged my life such that I don't need a car except to visit my parents. I live 1 mile from work so I can walk. I live 5 miles from downtown so I can bike. It actually makes insurance all the more infuriating to me, because I pay $100 per month to have my car parked in my apartment parking lot and I use it like once or twice a month at the most. It's retarded. And the worst part is that if anything ever happened to my car they would jack up my insurance rates, even if it wasn't my fault. So if some asshole rear-ends me someday I'll be paying $200+ a month to have my car parked 95% of the year.
It's a shitty system that benefits the insurance companies first and foremost and disregards the consumer. It could be improved, but why would they bother? People will accept this way of doing things anyway and it makes more money to fuck people over.
>>64692936 I'm an american and you're pretty much spot on. My father has always taught me that if you're really tight on money to the point where you have to choose between your home and your car, you choose the car. You can't drive to work in a house but you can live in a car if you really have to.
>>64692771 Just don't pay insurance. I've been driving since 2010 and only pay a week in advance whenever I get a new plate and then just let it lapse. $200 a month? no thanks. My hipster friend got so mad when I told her I don't pay for the bs
The risk isn't worth it to me. In my state they actually check on this shit and you get fined big time if they see you have no insurance. Plus, if any cops pull you over for any reason at all you're fucked.
>>64692936 >everything is built far apart Our country is fucking bigger Our houses are bigger Our yards are bigger My European friend once flew into Philidelphia and drove to New York to save some pocket change on a flight, you guys are such idiots
You'll be fully liable for any costs incurred by an accident, plus fines and fees for driving without insurance, plus your license suspended and possibly your car impounded. And if you don't pay off what you owe in a timely fashion they'll just start garnishing your wages even if that means you can no longer afford rent.
I know that. I actually work for an insurance company and understand it all well. But car insurance in particular is a poorly set up system that not only means it's a net loss if you don't use it, but it's an EVEN BIGGER LOSS if you DO use it. The way that car insurance works right now, if someone ELSE hits you your rates will increase because "You've been involved in an accident" and now, from an actuarial standpoint, you are a higher liability even though realistically you actually aren't because it wasn't your fault. And then you end up paying back all of what was paid out, just over a long period of time from jacked up insurance premiums. And I haven't even MENTIONED that you ALREADY HAVE A DEDUCTIBLE ON TOP OF THE PREMIUM RAISING BULLSHIT.
I get that insurance is a gamble and it's a net loss if you don't use it. But it shouldn't be a greater loss to make use of it, because the whole point is that you're paying them in advance for the shit you might incur later. Except if you incur shit later they'll just make you pay more anyway, even if it's less than the amount you've already given to the insurance company over the years. This literally only happens with car insurance.
>>64693422 There's absolutely no reason why car insurance shouldn't be handled like health insurance Insure yourself and only yourself, and realize if you're driving a car worth a quarter million dollars more than anything else on the road, even if it's not your fault, you're probably not gonna recover the entire value of the car If someone steals a million dollars (or any amount), even if they get caught, you usually have to deal with the fact that most of the money is gone If you're a habitual bad driver then you get your license take away
>>64693545 No because it accounts for that big unlucky accident for an otherwise untarnished driver record The premium goes up to punish people who keep crashing their cars. Although i agree that the premium shouldnt go up after the first claim
>>64693513 As long as the person who hit you isn't a scumbag, it's usually pretty simple If it goes to court then someone is obviously lying, and it's your word against theirs and a tiny bit of ambiguous forensic evidence Every accident I've ever heard of someone claims full responsibility and that's that
You're right, it could work like that and it would be better. Car insurance is broken in a way that no other insurance is.
>you're probably not gonna recover the entire value of the car
Well, if it truly works like health insurance you might be able to recover the full value, provided you pay high enough premiums for a really good plan. With health insurance, if you pay $100 per month you'll have a $5,000 deductible and 75% coinsurance (meaning you owe 25% after deductible), but if you pay more like $500 per month those numbers start looking more like a $2,500 deductible and 90% coinsurance. Pay closer to $1,000 per month and you start having a $500 deductible and 100% coinsurance.
Car insurance COULD work like that, with some modifications due to the nature of how car repairs and car replacement work vs how healthcare works, but it just doesn't because car insurance companies are getting away with fucking everyone over and why would they stop doing that just to make less money?
The premium should go up after you've caused financial burden to the insurance company. If I've paid a car insurance company $10,000 in premiums and I have a $2,000 claim, there is no way in hell I actually caused a financial burden. They're still making more than a healthy profit off of me. People who habitually get into accidents will naturally incur claims that exceed the amount they've contributed (or some other amount like 25% or 50% of lifetime premium contributions), thus causing financial burden, thus necessitating increased premiums.
>>64693678 I was trying to say if you take a Ferrari out you can't expect other people to pay for your car even if they crash into you In a fair world that's how it would work, but that's not how things are. That's essentially why insurance is so expensive, everyone is forced to insure themselves incase they crash into a million dollar car
Oh, I see what you're saying. Yeah, you're right. That's actually how it works in no-fault states, but there are all sorts of problems with that as well, like having double the insurance premiums for the same level of coverage while still having all the issues of your premiums skyrocketing the second anything happens that causes your insurance to be used. Car insurance is just broke as fuck and needs to be dismantled and started over. It's based on an antiquated system from decades ago that simply never evolved to reflect modern times.
>>64693738 That's why the whole system is retarded, everyone is forced to insure tail risk The only thing that makes sense is insuring yourself and facing criminal charges for negligence/property damages In an "accident", by definition, no one is responsible and it was reasonably unpreventable, so you can't assign blame to either party If it was anything less than an accident then you lose your license or face some other punishment
>>64694138 I'm saying if someone intentionally or negligently crashes into you it would be dealt with like any other property damage Their lack of financial responsibility wouldn't make them not responsible at all
Don't be mad because you're fucking stupid. Just rent a car to visit your parents dumbass. It would be way cheaper, andmost likely you're visiting on the weekends and the weekend rates are ridiculously cheap.
I'm pretty sure renting a car once or twice per month would not be cheaper than $100 per month. And I do use my car for other things, they're just few and far between, and mostly fueled by laziness rather than necessity.
Yes, it is cheaper. Weekend rates are like 9.95/day. You said you pay $100/mo for parking, you forgot what you pay for insurance, and possible car note. And so you DO use your car for other things, you're just a lying hipster faggot aren't you now?
>>64692369 YEAH LET'S JUST PACK UP ALL OUR EQUIPMENT, PERSONNEL, TALENT, GET A VAN, AND DRIVE THROUGH THE CITY TO THIS COMPLETELY RANDOM LOCATION THAT MAY BE CRAWLING WITH PEDESTRIANS TO FUCK UP OUR SHOT, THE AUDIO WILL SOUND HORRIBLE BECAUSE WE'RE RIGHT BY THE WATER, AND THE LIGHTING WON'T BE IDEAL
Jesus Christ faggots, the Statue of Liberty background is a fucking placeholder. They could change the background to any location if they want to. Plus, THE CONVENIENCE OF FILMING IN A STUDIO VS LOCATION SHOOTING. Do you fuckers know anything about the industry? Don't answer, I already know.
>You said you pay $100/mo for parking, you forgot what you pay for insurance, and possible car note.
No, you completely misunderstood my post. I pay $100/mo for insurance. Parking is free. I was equating insurance payments to paying for parking because of how infrequently I use my car.
>And so you DO use your car for other things, you're just a lying hipster faggot aren't you now?
Yeah, but like I said I only do it out of lazy convenience, not true necessity.
>Weekend rates are like 9.95/day
I dunno where the hell you live, but I literally just pulled up Enterprise for my city and checked the price to rent a car next Sunday. There were two things I noticed:
1. It's not possible to do a pick up and drop off on the same day. Visiting my parents is typically a one day trip.
2. The cheapest car rental is $40 per day. The shortest rental period is 2 days, so that means $80 per trip to my parents. If I visit them twice in one month I'm already paying almost double my insurance costs for the rentals.
So I might as well pay the $100 per month and actually OWN the car. But it still chaffs my wheat how badly setup car insurance is for the consumer.
So you went from driving your car once a month, to driving your car quite a bit. I bet you really drive your car all the time basically.
Texas. The shortest rental period is 24 hours, usually that spans two days but if you return it within 24 hours you only pay for one day. I can't believe I'm explaining this to you, are you a fucking idiot?
LITERALLY you're a hipster-wannabe douche
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