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With the current system, you're not even wagering that $50,000...you're throwing it out the window. Unless you believe you'll cause >= $50,000 of car-related da
by dougk16 14y ago
With the current system, you're not even wagering that $50,000...you're throwing it out the window. Unless you believe you'll cause >= $50,000 of car-related damage over your lifetime.
- IceyEC 14y agoAlso, and this is the bigger piece of having auto insurance vs being self-insured, if you hit somebody else and kill them, you may be in for a wrongful death suit and personally liable for all of those expenses, or even medical bills if the person survives it. Those bills can easily jump into the hundreds of thousands of dollars.