4 ms·
Seriously. $1500 auto insurance / yr x 60 yrs of driving is less than the cost of a single catostrophic wreck, even if no one dies.
by tehwebguy 8y ago
Seriously.
$1500 auto insurance / yr x 60 yrs of driving is less than the cost of a single catostrophic wreck, even if no one dies.
- lotsofpulp 8y agoYou can insure just the more expensive parts of a collision, such as liability for others' property and medical care.
- brewdad 8y agoYou seriously underestimate the cost of a significant wreck in the US. The medical bills alone could reach into the hundreds of thousands. The pain of paying $100/mo for insurance vs having to come up with $250,000 all at once makes insurance a no-brainer. My state used to allow drivers to self-insure (I think they removed the option for individuals recently). I was a really bad deal though, since you had to give the state a minimum $50,000 deposit interest free. It's cheaper to just pay for insurance and earn the returns on your cash.
- tehwebguy 8y agoYeah I think you misread it, I said that the cost of premiums over 60 years is much LESS than a single catastrophic wreck :)