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> I think most of it can be attributed to cellphone usage while driving. This. My car insurance went up 25% recently b/c of this trend. That's right, OTHER PEO
by up_and_up 10y ago
> I think most of it can be attributed to cellphone usage while driving.
This. My car insurance went up 25% recently b/c of this trend. That's right, OTHER PEOPLES behavior is costing me money. I guess thats how insurance works though right. I mean the insurance companies need to be guaranteed to make money right???
- maxerickson 10y agoMore or less, yes they do need to be guaranteed to make money. At least on average anyway. Or they will stop writing insurance policies.
- finid 10y agoThe insurance business is the best racket to be in, same as private prison industry. Customers are guaranteed.
- maxerickson 10y agoThat's all hip and cynical, but I'm pretty sure motor vehicle insurance would be a good business even if states didn't mandate that people carry it. It'd be more expensive for the people that did carry it, but it'd be a large business. And of course, in many states there is the option to post a bond to prove ability to compensate.
- rascul 10y agoYou might check out New Hampshire. I don't have a reference handy, but I recall reading that they don't require insurance yet have more people insured than most other states.
- bjterry 10y agoThat only helps as long as there aren't many insurance companies. If there are many insurance companies, competition between them drives the costs down to marginal cost plus normal profit, in theory.
- finid 10y agoHey, here's a tip: If you've not taken a defensive driving class, give it a shot. A defensive driving certificate can save you $10-15/month.