Auto insurance is another scam. of course you have to have it, liability insurance is required by law, comprehensive auto insurance is required by your lender, if you have one.
It’s a good idea for me to protect my investment in my brand new car even though it’s paid for. Here’s the rub, have one claim that’s not even your fault and watch your premiums zoom skyward. Your 30 years of accident free driving means absolutely nothing then.
Actually, most states allow for alternative evidence of financial responsibility, these sort of things include a cash deposit with the DMV, A DMV issued self-insurance certificate or a surety bond of some type. Why are these not allowed with Obamacare? Because they do not provide them with the cash flow they need to pay for such things as abortions and health care for illegal immigrants.
There is a common element between health insurance and auto insurance that drive costs, lawyers..
Personally, we don’t need mandated auto insurance (given that a significant portion of those already on the road do not purchase it, and we don’t need mandated health insurance.
If people wish to purchase it (BLUE CROSS), etc, then they can. If they do not, then they shouldn’t. Same with driving. Someone who drives cautiously, and doesn’t and cannot afford insurance should have the option of not paying for it.
That being said as tanstaafl, if there is an accident, you pay the full cost.