Whatever you pay in insurance is unlikely to cover the damages won by an injured party. That money is coming out of the pockets of people who will never cause an injury.
In my country, free schools are not an expense, we profit on it.
Whatever money we spend on an education, will on average come back twice in the form of increased income tax. Plus of course the other values of living in a well educated society.
So taking a free education is not society subsidizing you, you are doing society a favor.
Right. My wife and I are something like Super Platinum Diamond whatever-the-fuck loyalty level with our insurance company, claims to have loyalty discounts but we aren't paying much less than we were 15 years ago.
It used to be a driver could present a cashier's check as proof of financial responsibility, but it was a pretty high sum. There is a similar system with some states where you can purchase a bond that satisfies the insurance requirements. It is quite unpopular though and presents a host of other problems and liabilities.
So like you can do that if you’re rich. You out $1M in a bond, or show some proof annually that you’ve got that available, and poof - that’s your insurance.
Most people can’t afford a car without payments. So insurance is there so when / if you break someone else’s car, you’ve already made those payments.
Plus some capitalistic grift for the insurance companies, of course. It’s a courtesy they’re providing you, after all.
23 Comments
radix@lemmy.world · 29 pts · 209d
Whatever you pay in insurance is unlikely to cover the damages won by an injured party. That money is coming out of the pockets of people who will never cause an injury.
Good drivers subsidize the assholes.
corsicanguppy@lemmy.ca · 12 pts · 209d
The same as healthy people subsidize the sick; or childless people subsidize schools anyway?
Impromptu2599@lemmy.world · 14 pts · 209d
I'm okay subsiding the schools though! I don't want to be surrounded by more idiots then I already am.
radix@lemmy.world · 5 pts · 209d
True. No argument there.
myplacedk@lemmy.world · 4 pts · 209d
In my country, free schools are not an expense, we profit on it.
Whatever money we spend on an education, will on average come back twice in the form of increased income tax. Plus of course the other values of living in a well educated society.
So taking a free education is not society subsidizing you, you are doing society a favor.
200ok@lemmy.world · 3 pts · 209d
Today you; tomorrow me ❤️
Steve@startrek.website · 9 pts · 209d
Genuine accidents do happen
Onomatopoeia@lemmy.cafe · 3 pts · 209d
Rarely.
Most are crashes caused by someone fucking up.
Some are caused by things like medical issues - those would be accidents. Or a rock falling off a hillside into your car, tire blowout, etc.
FreshParsnip@lemmy.ca · 3 pts · 209d
True. My way of putting it was imperfect but I guess that's what makes it a shower thought
FreshParsnip@lemmy.ca · 3 pts · 209d
In other words, not only do you have to pay in case you hit someone, you have to pay for other people hitting people
db2@lemmy.world · 23 pts · 210d
Not quite, you're paying insurance to cover the costs which they might decide not to do and you don't even get a refund for services not rendered.
FreshParsnip@lemmy.ca · 3 pts · 210d
I just made a comment comparing it to damage deposits, but at least you get your damage deposit back if you don't break anything
PP_BOY_@lemmy.world · 9 pts · 210d
Lol
reddig33@lemmy.world · 12 pts · 210d
And if you don’t hit anyone, the amount you pay still goes up every year.
Soulphite@reddthat.com · 9 pts · 209d
Right. My wife and I are something like Super Platinum Diamond whatever-the-fuck loyalty level with our insurance company, claims to have loyalty discounts but we aren't paying much less than we were 15 years ago.
count_dongulus@lemmy.world · 6 pts · 210d
Look into mutual insurance. You actually get back money for the payouts they didn't have to do that year. Northwestern, Amica, USAA, etc.
starlinguk@lemmy.world · 1 pts · 209d
starlinguk@lemmy.world · 1 pts · 209d
I get an additional discount (no claims bonus) for every year I don't hit someone).
TranquilTurbulence@lemmy.zip · 8 pts · 209d
I’ve already paid so much money. How many people am I allowed to hit now? I still haven’t hit anyone, so I feel like I’m missing out.
Ebby@lemmy.ssba.com · 4 pts · 209d
It used to be a driver could present a cashier's check as proof of financial responsibility, but it was a pretty high sum. There is a similar system with some states where you can purchase a bond that satisfies the insurance requirements. It is quite unpopular though and presents a host of other problems and liabilities.
xia@lemmy.ca · 4 pts · 209d
You have to BET a third party that you WILL hit someone (they pay if you do).
Cevilia@lemmy.blahaj.zone · 3 pts · 209d
_chris@lemmy.world · 3 pts · 209d
So like you can do that if you’re rich. You out $1M in a bond, or show some proof annually that you’ve got that available, and poof - that’s your insurance.
Most people can’t afford a car without payments. So insurance is there so when / if you break someone else’s car, you’ve already made those payments.
Plus some capitalistic grift for the insurance companies, of course. It’s a courtesy they’re providing you, after all.
xylogx@lemmy.world · 3 pts · 209d
So like self-insurance?
Chippys_mittens@lemmy.world · 2 pts · 209d
FreshParsnip@lemmy.ca · 1 pts · 210d
Similar to how, in order to rent a place, you have to pay in advance in case you break something