3 ms·

You need to specify how many miles per year to somewhat compare since the risk is directly proportional to amount of time on the road. I pay ~$50 per month for

You need to specify how many miles per year to somewhat compare since the risk is directly proportional to amount of time on the road. I pay ~$50 per month for 5k miles per year for $500k liability coverage and uninsured/underinsured coverage. But I also have a few million in umbrella coverage, so not sure if it’s even comparable.

smaccona 3y ago
I pay ~$440 a month for two vehicles. My buddy in PA thinks it’s because I live in New York.
- zdragnar 3y ago
  Some states have weird laws that affect prices, too. I once got hit while in MN, and the insurance company had to pay out for the cost of a new body panel. The shop gave me the option of a new panel, or a refurbished one off of a scrap car. It looked identical when they were done, but I ended up getting a check cut for half the value of the new panel because the used one was so much cheaper. As I was in college at the time, a free $800 made my day.
  - bombcar 3y ago
    I could see the state requiring new parts because of unscrupulous insurance companies insisting that shitty used parts were fine: but it’s nice you had the option of taking the cash. Best of both worlds, really.
    - zdragnar 3y ago
      Really, in the long run all it does is make your premiums more expensive. > insurance companies insisting that shitty used parts were fine That's not up to the insurance company, because they aren't the ones sourcing the parts or doing the repairs. You go to a body shop that either works directly with the insurance company, or the company cuts you a check in the shops name for the quoted work. It makes no sense whatsoever to put a brand new body panel on a car that's already lost 70-80% of the MSRP value to depreciation... IF the used parts are not damaged already, and the paint matches. Again, though, that's in the hands of the mechanic, not the insurance company.
jemmyw 3y ago
About 8000km a year, so just under 5k miles too.
kube-system 3y ago
Also you'd need to iterate everything about the insurance regulations in that location since the types of events that insurance pays out on can vary quite a bit between US states, let alone across oceans. Some places have insurance laws that will make people say "wait, car insurance pays for that?" Also, most of the reason US car insurance is so expensive is due to the cost of healthcare, which is paid for in other ways in many other countries.

smaccona 3y ago

I pay ~$440 a month for two vehicles. My buddy in PA thinks it’s because I live in New York.

zdragnar 3y ago
Some states have weird laws that affect prices, too. I once got hit while in MN, and the insurance company had to pay out for the cost of a new body panel. The shop gave me the option of a new panel, or a refurbished one off of a scrap car. It looked identical when they were done, but I ended up getting a check cut for half the value of the new panel because the used one was so much cheaper. As I was in college at the time, a free $800 made my day.
- bombcar 3y ago
  I could see the state requiring new parts because of unscrupulous insurance companies insisting that shitty used parts were fine: but it’s nice you had the option of taking the cash. Best of both worlds, really.
  - zdragnar 3y ago
    Really, in the long run all it does is make your premiums more expensive. > insurance companies insisting that shitty used parts were fine That's not up to the insurance company, because they aren't the ones sourcing the parts or doing the repairs. You go to a body shop that either works directly with the insurance company, or the company cuts you a check in the shops name for the quoted work. It makes no sense whatsoever to put a brand new body panel on a car that's already lost 70-80% of the MSRP value to depreciation... IF the used parts are not damaged already, and the paint matches. Again, though, that's in the hands of the mechanic, not the insurance company.

jemmyw 3y ago

About 8000km a year, so just under 5k miles too.

kube-system 3y ago

Also you'd need to iterate everything about the insurance regulations in that location since the types of events that insurance pays out on can vary quite a bit between US states, let alone across oceans. Some places have insurance laws that will make people say "wait, car insurance pays for that?" Also, most of the reason US car insurance is so expensive is due to the cost of healthcare, which is paid for in other ways in many other countries.