:lmao: thats some funny stuff

 

dude isn't even smart enough to steal his own car :rofl:

 

Ok, so you are asking that why do you have to pay an increase if I crash?

Well I'll try to keep it short and simple. Lets say I pay $1000/year for my insurance and so do you, and it's paid a year upfront. Now I crash and total my car. Lets say the insurance company pays off the rest of my loan to the bank which is $15,000. I never see a penny of it.

Do you see where this is going yet? Our money only adds up to $2,000/year. The insurance company just paid out $15,000. Doesn't quite even up does it? It would take them 7.5 Years to make up what I just made them loose. You want to run a business like that and put all your eggs in the hope that none files another claim and you have zero output for 7.5 years?

I go and get another car and total that one within 3 months. Yea, my premiums are going up, probably a good bit more than yours. But I'm just one paying customer. I can't possibly make up that huge of a diffrence by myself and expect them to be able to cover me for another 3 months when I total another car. Granted if I"m that bad I would probably be suspended and/or told no more licnse... but that wouldn't do anything to the fact that the insurance company just paid out for 3 cars for me. And all I've still paid them was $1000 for the year.

To be an insurance company, you have to have one main thing. Money. You have to have a large buffer of money. You don't pay for your insurance, you add to the buffer. If you file a claim, you take from the buffer. You don't take from your own personal stash they have been saving up for you. You take from the buffer or more commonly called the "Money Pool". Everybody puts a little bit in, then when one person needs a lot, it's covered and everybody keeps putting in. One person can't fill the pool.

 

Ya, too bad it doesn't work like this or I could've stopped paying insurance awhile ago.

 

I didnt think it was considered theft if the keys were in the ignition.

 

No that's not what I was asking; you explained it quite well in your earlier post.

What I am saying is, the policy itself is unfair to millions of those who don't claim and drive safely. Yet like you said, when frauds or claims happen it's innocent by standers that suffer. And like Car and Driver said, this is like big brother style insurance policy. And we are taken hostage because without it, we can't drive. And if we don't like it, we don't have an option. So everyone has to get one because the law says so, and I don't see these insurance companies suffer any risks because the law allows them to charge us if they lack money.

And then, the biggest question that the USA's insurance policies raise is what's the point of driving safely when everyone else has to cash in for someones claim or fraud. I know one day I might crash and claim, but the individuals have to take responsibility, not others.

And my point is, it's not fair to us, and fair to insurance companies. But in your earlier post it sounds like millions of drivers are the bad guys, and the insurance companies are the ones suffering. I don't see that they are the victims from the way you explained it (albeit quite a good job you did there).

 

He never said he would contact the insurance company though...chances are he only has pip and liablity on the car which are the minimum (in florida to have) but it beign a 92 chances are they don't have comprehensive.