4 ms·

Liability insurance is legally required in the US as well, yet it’s still common to pay for “uninsured driver insurance” in case you get hit by a driver who is

• Hamuko 5y ago
  If there's someone driving an uninsured car illegally in Finland, the state will actually pay out all of the damages and then fine the ininsured person (I believe at around three times the rate that the insurance would actually be). And I think there's no maximum coverage for our mandatory motor insurance, so there's no under-insured issue either. Additional insurance coverage is then against accidents that you yourself cause, vandalism, fire, animal damage, parking mishaps, windscreen damage and so on.
  • denimnerd42 5y ago
    the uninsured in my city tend to be illegal immigrants or poor. government is never going to recover from them so it just ends up being an insurance you pay for with your taxes doesn't it..?
• gambiting 5y ago
  The problem is that even though US has mandatory 3rd party liability insurance the liability limits can be stupidly low. In the EU the absolute minimum any policy has to provide is 5 million euro for 3rd party damage, you'd need to crash into multiple Bugatti Veyrons to actually run out of coverage. And then actual insurance is usually way higher than that, I'm with the cheapest of the cheap insurers here in UK(Hastings Direct, I pay £300 a year for a fully comprehensive policy) and my liability limit is 25 million pounds.
• denimnerd42 5y ago
  uninsured also covers hit n runs usually.