3 ms·
In my country there is a difference between insurance that covers others on the road (mandatory) and insurance that covers damages to your own vehicle (optional
by fy20 5y ago
In my country there is a difference between insurance that covers others on the road (mandatory) and insurance that covers damages to your own vehicle (optional).
I'd imagine insurance companies have something similar internally when calculating premiums, as a $1,000 20yo Toyota involved in an accident could cause the same amount of damage as a $150,000 Mercedes with this tech to others.
That would be the part that would become cheaper as they will see over 1,000,000 miles the Toyota would have a higher rate of incidents than the Mercedes which has all these safety features (if it does what it says).
If your insurance also covers damages to your own vehicle, of course that's going to be more expensive, as repairs to the Mercedes will be much more expensive than the Toyota.
- captainredbeard 5y agoWho would buy a $150k car, insure it, but not cover damage to the vehicle??
- Sebb767 5y agoPeople who either completely overstretched their budget and can't afford it or people who are rich enough to save the insurance premium and simply buy a new one in the worst case.
- deltree7 5y agoIf I'm rich enough, I don't care replacing my Merc with my own money, instead of going through the pesky insurance. Insurance is great when you can't handle the cost of replacement. That's why you don't buy insurance every time you buy a $100 electronic appliance. Now scale your money to a rich dude's money, you'll get the idea
- captainredbeard 5y ago> instead of going through the pesky insurance I hear ya but at some point that's what administrative staff is there to handle.