5 ms·

Depending on the car and where you live insurance can be lower or higher. Outside of collector/classic car insurance policies (eg: this is not a daily driver ca

Depending on the car and where you live insurance can be lower or higher. Outside of collector/classic car insurance policies (eg: this is not a daily driver car and you agree not to exceed a low number of miles yearly) or parked insurance (a few hundred miles a year), there is not $200 to $300 a year car insurance in the USA. Tribal reservations don't require license plates or insurance usually, and you cab choose to self insure if you have sufficient cash set aside.

robocat 5y ago
> and you ca[n] choose to self insure if you have sufficient cash set aside. I think you are ignoring the third party risks - damaging an expensive car or hurting someone. In that situation, you use insurance if you want to protect your money. If you have no money, insurance make little sense, and you just suck up the risks of pranging your beater.
- simfree 5y ago
  Self insurance is not legal if you do not meet your state's requirements for cash set aside for self insurance purposes and vehicle count. This is usually a sizable sum of money that you need to set aside to self insure.
dstaley 5y ago
> Outside of collector/classic car insurance policies or parked insurance, there is not $200 to $300 a year car insurance in the USA. Absolutely beg to differ. I was on a high-deductible, low-benefit plan for a two-year old used economy car in Louisiana with no marks on my driving record for $250/month. The insurance cost was more than the monthly cost of the car. That being said, it was more than the state mandated liability insurance, but it still wasn't anywhere near the levels of insurance I now have in Washington State on a brand new Tesla Model 3. As you mentioned, it's highly dependent on where you live, but it's absolutely feasible to be paying $200-$300/month for insurance. Edit: Apologies to parent comment. This was a reading comprehension failure.
- 0x0000000 5y ago
  The user you replied to said per year, not per month.
  - dstaley 5y ago
    Well that'll teach me to read the comments after a full day of work. Thank you for the correction!
- selimthegrim 5y ago
  Louisiana is high because of the plaintiff friendly courts where even minor accidents are litigated, the trial lawyers making money off of it, and the traffic courts which bargain down speeding tickets to brake tag violations all the time (which is priced in by the insurance companies) Source: I live in New Orleans.

robocat 5y ago

> and you ca[n] choose to self insure if you have sufficient cash set aside. I think you are ignoring the third party risks - damaging an expensive car or hurting someone. In that situation, you use insurance if you want to protect your money. If you have no money, insurance make little sense, and you just suck up the risks of pranging your beater.

simfree 5y ago
Self insurance is not legal if you do not meet your state's requirements for cash set aside for self insurance purposes and vehicle count. This is usually a sizable sum of money that you need to set aside to self insure.

dstaley 5y ago

> Outside of collector/classic car insurance policies or parked insurance, there is not $200 to $300 a year car insurance in the USA. Absolutely beg to differ. I was on a high-deductible, low-benefit plan for a two-year old used economy car in Louisiana with no marks on my driving record for $250/month. The insurance cost was more than the monthly cost of the car. That being said, it was more than the state mandated liability insurance, but it still wasn't anywhere near the levels of insurance I now have in Washington State on a brand new Tesla Model 3. As you mentioned, it's highly dependent on where you live, but it's absolutely feasible to be paying $200-$300/month for insurance. Edit: Apologies to parent comment. This was a reading comprehension failure.

0x0000000 5y ago
The user you replied to said per year, not per month.
- dstaley 5y ago
  Well that'll teach me to read the comments after a full day of work. Thank you for the correction!
selimthegrim 5y ago
Louisiana is high because of the plaintiff friendly courts where even minor accidents are litigated, the trial lawyers making money off of it, and the traffic courts which bargain down speeding tickets to brake tag violations all the time (which is priced in by the insurance companies) Source: I live in New Orleans.