615
As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone π
(slrpnk.net)
this post was submitted on 29 Oct 2024
615 points (93.9% liked)
Fuck Cars
9806 readers
13 users here now
A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!
Rules
1. Be Civil
You may not agree on ideas, but please do not be needlessly rude or insulting to other people in this community.
2. No hate speech
Don't discriminate or disparage people on the basis of sex, gender, race, ethnicity, nationality, religion, or sexuality.
3. Don't harass people
Don't follow people you disagree with into multiple threads or into PMs to insult, disparage, or otherwise attack them. And certainly don't doxx any non-public figures.
4. Stay on topic
This community is about cars, their externalities in society, car-dependency, and solutions to these.
5. No reposts
Do not repost content that has already been posted in this community.
Moderator discretion will be used to judge reports with regard to the above rules.
Posting Guidelines
In the absence of a flair system on lemmy yet, letβs try to make it easier to scan through posts by type in here by using tags:
- [meta] for discussions/suggestions about this community itself
- [article] for news articles
- [blog] for any blog-style content
- [video] for video resources
- [academic] for academic studies and sources
- [discussion] for text post questions, rants, and/or discussions
- [meme] for memes
- [image] for any non-meme images
- [misc] for anything that doesnβt fall cleanly into any of the other categories
Recommended communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In this land of legalised extortion in the form of insurance my friend who is in his mid 30s and been driving over a decade with no claims has to pay Β£700 per month.
My mum wanted to add my sister (again mid thirties and driving for nearly 20 years now with no claims) to her policy so she could borrow her car for a week and then maybe use the car once a month if that and they wanted an additional Β£1000 a month for the privaledge.
Fucking scum.
Now if there were a /c/fuckinsurance - I'd be all over that. I love my cars, I HATE insurance companies.
I love that I only have liability at $100k but my cost still goes up every year. My coverage is actually worth less to inflation and those crooks want more money? For what?
Go with a different company.
Per month?! Wtf are you driving? (Late 40s here, paying around Β£400 per year for my electric mini insurance)
My bad, i wrote per month but i meant per year, that was my mistake. He is driving a 1.4 turbo new shape VW Scirocco (sp). My mothers car is a 1.3 Citroen C3 so hardly expensive, luxury or even quick cars. Even Β£400 is disgustingly over priced in my opinion though, the way this country does insurance is vile.
Australia's system of buying registration which then covers your basic insurance (third party cover) which is like a tax and insurance cost combined for the car is much more logical, then if you want to you can buy additional fully comp cover for the car none of this insuring per driver per car bullshit.
Car insurance is expensive because cars are both risky and highly destructive. Hence, making a market for them involves high prices.
Regardless of what you think of insurance companies, there's just no way around this - you could nationalize car insurance and it would still either be really expensive, either on the policy level or else born by taxes.
Certainly not. I just put in some data in an insurance broker thingy and I would be able to get insurance for approx. 120β¬/month with partially comprehensive coverage (including obligatory liability insurance). These outrageous prices are definitely a US thing.
The U.S is different in that car insurance has to cover medical expenses for others when you are at fault, combined with the risk of driving quite frankly being higher in the U.S. With medical costs being extremely high in the U.S, prices follow that fact.
I'm not trying to argue against the fact that they are both risky and highly destructive, it is definitely necessary. My issue is more with the way that it works in the UK. I think the system in somewhere like Australia is a lot fairer and isnt inherently designed to bleed people of the maximum amount of money like it is in the UK.
Stop throating the boot of exploitive companies.
They're not, they're complaining about the problems inherent to cars.
Which is ignoring the problems inherant to auto insurance, which is fundamentally a greater force in the price/cost of car insurance than the danger of cars.
Yes, cars can be dangerous, but that's not why car insurance is expensive, it's expensive because car insurance companies have a completely captive market in the US- one that must pay whatever the insurance comapny dictates.
As a result, they set the price as high as they can get away with, and then refuse to actually pay it out anyway.
Don't make excuses for the insurance companies. The risk is the whole point, and certainly does not excuse their gouging.
You'll notice other countries do not, in fact, have to deal with this level of price gouging, which implies it's nothing to do with the cars themselves- it's just the insurance companies, and it always has been.
The risk is the point though. High risk activities will cost more to insure because they'll need to be paid out more often. Couple that with the high destruction possible, and you have frequent accidents that can all cause very expensive damage, necessitating a high base price for insurance.
The price gouging is just capitalism, and I doubt anyone here is going to argue that capitalism isn't bad.
yeah of fucking course. you guys are forced to buy insurance in the US, they have a big juicy captive market.
There's tons of car insurance companies. We can shop around. Most people don't, for some reason.
Insurance market is just another oligopoly... As with anything else they collude to fix prices. Sure you can lower rate of price gouging by switching every year but at the end of the day theybare still price gouging and there is nothing end user can do about it.
Parasites like warren buffet with geico bullshit...
You can shop around for insurance, you don't have to just take what they give you.