4 ms·
Why don't employers provide auto insurance too? They'd get a much better deal via group rates, and we'd be 'better off' because we'd all 'pay less' for auto ins
by kenjackson 14y ago
Why don't employers provide auto insurance too? They'd get a much better deal via group rates, and we'd be 'better off' because we'd all 'pay less' for auto insurance, right?
Would we pay lower rates? Auto insurance is mandatory if you want to drive. Everyone has it (well a very high percentage of drivers). There's a relatively competitive market for auto insurance. I'm not sure moving it to employers would change things all that much.
I do think that employer provided health insurance is odd, but I don't think the alternative is "free market". We have to incentivize healthy people to get insurance too, just as we have good drivers that get auto insurance. It seems like we need to make health insurance mandatory or move to universal health care. Neither are very likely in my lifetime.
Also most employers give employees the option to opt out of health insurance, and you get some amount of the money back as additional pay. Virtually no one takes this option.
- mgkimsal 14y agoI've not had that option - it was either "take the insurance or don't".
- TruthElixirX 14y ago>Auto insurance is mandatory if you want to drive. No, it isn't. Unlike almost every other state, New Hampshire does not automatically require motorists to carry an auto liability insurance policy or provide some of financial backing in order to drive a vehicle within its boundaries. http://www.dmv.org/nh-new-hampshire/car-insurance.php http://www.dmv.org/nh-new-hampshire/car-insurance.php Further more, you can avoid auto insurance by not driving in most places. You cannot leave your body at home.
- nijk 14y agoSo it is mandatory for residents of 49 states.
- UnoriginalGuy 14y ago> Auto insurance is mandatory if you want to drive. Everyone has it (well a very high percentage of drivers). As is health insurance in the US. Or at least it will be soon.