uninsured/underinsured motorists is a business risk for insurance companies, one they mitigated by convincing our government to make it required but they did so

uninsured/underinsured motorists is a business risk for insurance companies, one they mitigated by convincing our government to make it required but they did so at the expense of placing an undue burden on the poor. My stance here is that if you're going to make it required by law, someone needs to subsidize it and I believe it should be the insurance companies. The low minimums you're complaining about exist specifically because the law is trying to split the difference between requiring insurance and not causing too much harm to those that can't afford it, or can barely afford it. Here's how insurance works. I purchase insurance. Someone hits me. My insurance company pays to repair the vehicle and the medical coverage needed (per my insurance policy). They then sue the other party to recoup the money. If it's another insurance company they're typically guaranteed 2 things. 1. The company can afford to pay out 2. The company doesn't want to go to court so gentleman's agreements are made between the insurance company to minimize overhead costs. If the other party is uninsured they're typically forced to eat the cost because the chances of getting money out of someone who can't afford insurance isn't worth the overhead of even trying. This is why it's a business risk that the insurance companies have mitigated by getting it required by law.