Posted on 09/20/2016 10:45:26 AM PDT by MichCapCon
Good God.
In the 'old days' ie before mandatory uninsured motorist protection they told us that premiums MUST rise to cover the cost of uninsured motorists and that such coverage would prevent wild spikes due to accidents involving said uninsured motorists.
Now they have the brass neck to claim that lowering premiums will encourage the irresponsible to become responsible?
Here's an idea: impound and auction off the cars of uninsured motorists who are caught driving.
A Republican pushing price controls.
Sounds about right.
I dont know why these clowns are bitching about this. I;m from Canada and Americans should be lucky they have at least 200 companies offering car insurance in their cities.
In my province, we have ONE and that is the government. You deal with the govt. You either pay up or dont drive AND they have govt agents waiting for you at each car dealership. You cant even move out of the car lot before you sign your insurance papers. Effing draconian..
Tort reform
So, the legislators are confused (again) about the fact that laws they passed have increased the cost of something - proving once again that some people are just too slow-witted to ever learn.
OBAMACAR -
Set up national exchanges offering government subsidized car insurance. It’s worked so well for healthcare that it would be a YUGE success for auto insurance. What could go wrong?
Get rid of multi-million dollar judgments from plaintiff attorneys. They always go after policy limits and file false claims.
In Florida Congress mandated that insurance companies MUST pay for the “free” replacement of up to (I believe) two cracked windshields. (Safety, don’t-cha-know. It’s for the chhiiildren!)
While I was rebuilding a Mercedes I went to a windshield supplier. They were doing a booming business from those come-to-your-place and replace it windshield people. This was in Tampa and the supplier was as busy as McDonald’s at lunch.
The replacement glass for my Mercedes was $550. I asked if they could do any better as I was rebuilding this car and parts were killing me. Oh, it’s not for insurance? It’s $109.
This is how the law distorts the marketplace. This is a different take on “the broken window theory.” It does create lots of employment, but at a five hundred percent markup. Of course, that rent seeking gets spread across several million forced users so it is just a few dollars each. But how many rent seekers have their finger in the auto insurance pie?
Insuring a new vehicle can cost several thousand dollars a year. I have opted to sell my newer cars and have bought old beaters. I have the minimum allowed insurance which runs about a thousand each. No collision.
In over forty years of driving I have had one insurance claim. I scrapped somebody’s old beater with my trailer tag. You had to look hard to see it. I don’t know how much they paid out to repaint that spot, but a painted spot on that car would have stood out like a gold-plated hog trough in the mud pen.
Lawmakers have demonstrated time and again that they can’t fix anything.
The problem is that most of the uninsured are democrats so this won't fly.
ObamaCAR
That’s what they did here in Pennsylvania.
Scrapped our No-Fault law (which was resulting is as
many as 1/3 of Philly drivers being uninsured) and
offering a Limited Tort option.
When you buy a policy you can choose either Full or Limited Tort. Limited Tort restricts your right to sue if you are injured. But the premiums are quite a bit lower.
I keep expecting the lawyer community to find some loophole and punch a hole in that, which will send rates skyrocketing again.
If you like your car insurance, you can keep your car insurance.
and you can expect to see an extra $3000/yr in your pocket after we ‘fix’ this problem.
I just learned that if an air bag is activated (which can happen even in a parking lot bumper hit), then the car is totaled. This is because the lawyers will find the insurer who replace the air bag guilty if it is ever needed again, so they just replace the car.
This has GOT to cost all of us a bunch of money!
Ditching no-fault will help, but let’s be honest: Michigan drivers are the worst drivers in North America, perhaps the world.
My advice is that Michiganians move to Ohio and learn how to drive.
That might seem cheap for a year, but I have discounts for safe driving, ect..
I’m a BC boy myself (stupid ICBC). Who was your private? My comprehensive was $136/month a year ago but if i stuck with it, it would only lower by $2 and I never was in any accident. My basic theft is $40 and my car has been sitting there for close to a year now.
Oh, yes, it was HUB Barton Insurance. Is comprehensive the part that insures against accidental damage to the car? I know I would have had to pay a $500 premium for the rock that hit my window. Sucks in those cases.
Oh, and mine is pleasure only, so that will totally explain why mine is much cheaper.
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