Posted on 01/30/2024 6:35:48 AM PST by dennisw
I had that rider on my insurance (for windshields) - this is the third one I’ve lost over the past 20 or so years. Finally dropped it - and voila! Another broken windshield.
I’m retired now and don’t have to travel down the 110 any longer except to visit friends - and it was on one of those visits that I got hit by a rock...
As far as I know, they don't.
I believe cars that drive themselves are not covered by traditional auto insurance policies, but under product liability insurance. That's one reason why I don't expect to see those things on the road in large numbers any time soon. Unlike auto insurance claims, a product liability claim can include punitive damages. This alone scares most auto manufacturers away from developing Level 5 (fully automated) cars even though the technology is available and mature enough to do it.
With sticker prices at $60k-$80k and up Insurance is going to get expensive.
We’ve hit the critical mass on auto prices and new prices are high for a couple of reasons.
1) Subsidize EV losses. How can Ford afford to lose $36k on each F150 lighting.
2) Optional Equipment and electronics have gone crazy.
3) Dealer Greed which is being rolled back as we speak but the banks are really hurting because they financed all the overpriced cars. Almost everyone is upside down.
“My new Subaru, with all the tech, costs several hundred dollars less (per year) to insure, ...”
Liability and collision rates are based on different things.
New cars with their driver help features might lower liability rates, but collision rates for them might be higher because the things are more expensive to fix.
Exactly. Tech you just don’t need.
/s
My liability only insurance for 97 suburban was just $62 for 6 months.
______________________________________________
Wanna trade? My full coverage on a 2022 Pacifica is $1,047.91.
(insert sad face)
As long as you own nothing and have no assets to speak of - then that's fine. But if you hit or injure someone, they are gonna sue.
A 1999 Ford Explorer Sport..and a 1998 Honda Civic.
None of these are fancy, dancey.
Actually the rising costs has more to do with a sloo of un-insured drivers. Illegals aren’t buying auto insurance.
Our son drives an EV and was in a collision when stopped at a stop sign and his vehicle was hit from behind. The damage appeared superficial, but amounted to nearly $8,000 and took nearly a month to complete. There was only one body shop in the area that works on EVs.
“I’m to the point I’m ready to only drive $10k cars, not have insurance and pay the fine if caught. It’s cheaper and a million illegals are doing that in Florida, so why not me?”
You might have something there! How much is the fine for not having automobile insurance? $200 or so?
https://www.kbb.com/car-advice/insurance/penalties-driving-without-car-insurance/
Or... all the safety features really work, preventing accidents, thus, the cost of repairing them.
You might have something there! How much is the fine for not having automobile insurance? $200 or so?
In New Mexico my uninsured insurance coverage is almost as much as my liability insurance. Driven by the high numbers of uninsured, many illegals.
1/2 ton & 3/4 ton-—NOT 1 ton, which is what I own.
THE COVERAGE ON MY 2 VEHICLES INCLUDES UNINSURED MOTORISTS.
NOW OVER 39% of premiums.
USED TO BE $1 a month extra.
HAVE DRIVEN OVER 1 MILLION MILES
NEVER HAD A VEHICLE WITH AN AIRBAG
PUT OVER 444,000 miles on a 1965 Pontiac wagon
Have put over 250,000 of 348,000 miles on a 1976 1 ton Chevy truck
Have over 223,000 on a Buick wagon
Other cars sprinkled thru out over the years.
MAYBE LOSS OF DRIVER’S LICENSE
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