Welcome to the Era of the $20k Family Car Insurance Bill
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Re: Welcome to the Era of the $20k Family Car Insurance Bill
#2Re: Welcome to the Era of the $20k Family Car Insurance Bill
#3This article isn't very useful because it doesn't distinguish between liability and collision coverage.
It doesn't matter how young the driver is, if you put them in a cheap small used car, you only need liability coverage which is pretty cheap.
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#4Distracted driving + expensive new cars = "crazy" premiums.
We all pay the price when new cars are priced in the upper 5-digit and 6-digit range and a fender-bender costs $5K - $10K.
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#5Distracted driving + expensive new cars = "crazy" premiums. We all pay the price when new cars are priced in the upper 5-digit and 6-digit range and a fender-bender costs $5K - $10K.
Automakers charge what the be auto market can support. They can limit supply to keep prices high. Used car market is limited by new car market sales. Structural demographics means there are less workers every year (auto repair labor costs). Costs are unlikely to decline.
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#6This article isn't very useful because it doesn't distinguish between liability and collision coverage. It doesn't matter how young the driver is, if you put them in a cheap small used car, you only need liability coverage which is pretty cheap.
If you have a child on your policy, and you have a collision on your policy, then your child will be required to be included in that policy. Insurance companies don't accept that you can live in a household, but won't be allowed to drive the new car, so they will charge you like the child is driving the new car under any circumstance.
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#7Well, the more expensive driving a car is, the better!
That being said, I'm pretty sure that liability insurance for a family is not USD 20K, unless your idea of 'family' is, well, pretty extensive?
Collision insurance? Sure, with EVs becoming more popular, that will only go up. But, yeah, omelettes, eggs, blah...
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#8Well, the more expensive driving a car is, the better! That being said, I'm pretty sure that liability insurance for a family is not USD 20K, unless your idea of 'family' is, well, pretty extensive? Collision insurance? Sure, with EVs becoming more popular, that will only go up. But, yeah, omelettes, eggs, blah...
> Well, the more expensive driving a car is, the better!
What an astonishing statement.
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#9Well, the more expensive driving a car is, the better! That being said, I'm pretty sure that liability insurance for a family is not USD 20K, unless your idea of 'family' is, well, pretty extensive? Collision insurance? Sure, with EVs becoming more popular, that will only go up. But, yeah, omelettes, eggs, blah...
> Well, the more expensive driving a car is, the better! What an astonishing statement.
Why? I'm against private car ownership. Ask me all about it...
Re: Welcome to the Era of the $20k Family Car Insurance Bill
#10Well, the more expensive driving a car is, the better! That being said, I'm pretty sure that liability insurance for a family is not USD 20K, unless your idea of 'family' is, well, pretty extensive? Collision insurance? Sure, with EVs becoming more popular, that will only go up. But, yeah, omelettes, eggs, blah...
> Well, the more expensive driving a car is, the better! What an astonishing statement.
Disincentives a suboptimal transportation option. Price signals are important, just like making it expensive to own property where the risk is too high. Automotive ownership and transportation is likely to never be as inexpensive as it previously was.
You will either need to pay the cost or live somewhere you don’t need a car.