Do you think insurance is a scam

svtfocus2cobra · Nov 2, 2019

tistan said:
If you have ever been in the position where insurances negotiates fault, then you would rather have your day in court.

My wife got in an accident a few years ago before we were married. She was driving down a two lane road, and I was in the passenger seat. The car in front of her was hit head on by a drunk driver. The force turned the car in front of my wife side ways and stopped it dead in its tracks. My wife swerved into the turn lane to try and miss the car, but there was no room to go anywhere . The insurance of the drunk girl determined that part of the wreck was my wife's fault and they were not going to pay for her car repair and tried to get my wife's insurance to pay for part of the other persons repair. My wife's insurance fought and said no she wasn't at fault. My wife's insurance didn't raise her rates because they didn't consider her at fault. The wreck went on my wife's insurance record as at fault. Then her insurance went up quite a bit, and she found out she couldn't change insurance for 3 years because every other insurer viewed her as at fault. Since it is insurance, there was no recourse to fix things.

In those cases you can go to court but in most cases it is settled between insurance agencies and fault is not so convoluted. Sure, they try to place blame on the other party but that is what each party's insurance company's subrogation department is for, they are there to fight fault on your behalf. You are suggesting in every accident everyone go to court to settle their dispute. So how do suppose the court system is going to handle that many insurance cases and who is going to afford a lawyer for all of their cases?

TK1299 · Nov 2, 2019

@tistan curious man, are you independent or conservative?

Sinister04L · Nov 2, 2019

Over the years I've been helped by insurance and I've been screwed by insurance. All in all between auto, home, and health insurance I'd say I'm ahead.

Smooth · Nov 2, 2019

tistan said:
If you have ever been in the position where insurances negotiates fault, then you would rather have your day in court.

Wrong. Just because you had a bad experience doesn't mean that you can speak for everyone else.

Do you realize that just the fact that you are out driving on the road puts you at a certain level of liability?

Driving is not a right.

598 · Nov 2, 2019

VegasMichael said:
Insurance is a waste of money until you need it. No, it likely won't pay all your bills but it makes it less painful. Term life insurance is nice for your loved ones should you pass. I pay ZERO per month for health insurance(my employer pays about 7 grand per year for me) and it pays for the majority of what might ail me. My co-worker had a house fire and his insurer put him in a hotel and then a rental home for over six months until his house was repaired free of charge. I have had cars totaled and stolen and have been reimbursed. It doesn't pay for everything but again, I was glad I got something.

If you are only valued at 7K for insurance, you have to be one of the cheapest in the nation. My wife went back to work for the insurance, and my out of pocket and deductibles were about 30K the year before. Now she pays about 200 a month(school), but it is better insurance than my Cadillac BCBS plan was before, and nearly no deductibles. That is some of the huge soft money public sector employees get that goes unnoticed.

ON D BIT · Nov 3, 2019

Friends house burned down in Oct 17. He’s paid $100 or $200 a month for 10 years on his current $900k property. That’s $24k in premiums. The insurance will pay over $1.5 million in replacement costs build and housing coverage in the 2 years since the fire. Hell Yes insurance works!

Kevins89notch · Nov 3, 2019

I'll branch off in a separate category and say yes, but hear me out.

Say I have zero cars, and then buy a 2016 Z06. In my 30's, good record, say full coverage is $200 a month. I want to keep some miles off it, so I buy a 2010 civic for $4K. Call the insurance company and it's $80 a month for full coverage. Ummm...no (in my opinion). I'm already paying $200 a month for a more expensive car. I can't drive both cars at once, so why am I paying insurance like I can? I feel the driver should be insured, not the car. I don't have different licenses for different cars, so why different insurances. Now, I do understand theft, and vandalism, so I can comprehend a little over $200 a month, but not an extra $80...because in a sense, they wouldn't steal both my cars, only one, and paying $200 a month is already covering theft on a car of higher value.

I've had this theory since I was a teen with like 5 foxbodies at once. LOL If someone can argue why my theory is 100% ignorant, so be it, but I've long had this theory.

ford fanatic · Nov 3, 2019

Kevins89notch said:
I'll branch off in a separate category and say yes, but hear me out.

Say I have zero cars, and then buy a 2016 Z06. In my 30's, good record, say full coverage is $200 a month. I want to keep some miles off it, so I buy a 2010 civic for $4K. Call the insurance company and it's $80 a month for full coverage. Ummm...no (in my opinion). I'm already paying $200 a month for a more expensive car. I can't drive both cars at once, so why am I paying insurance like I can? I feel the driver should be insured, not the car. I don't have different licenses for different cars, so why different insurances. Now, I do understand theft, and vandalism, so I can comprehend a little over $200 a month, but not an extra $80...because in a sense, they wouldn't steal both my cars, only one, and paying $200 a month is already covering theft on a car of higher value.

I've had this theory since I was a teen with like 5 foxbodies at once. LOL If someone can argue why my theory is 100% ignorant, so be it, but I've long had this theory.

I've had this argument for years with the insurance companies, our household has 2 drivers and 5 cars.

Mpoitrast87 · Nov 3, 2019

Kevins89notch said:
I'll branch off in a separate category and say yes, but hear me out.

Say I have zero cars, and then buy a 2016 Z06. In my 30's, good record, say full coverage is $200 a month. I want to keep some miles off it, so I buy a 2010 civic for $4K. Call the insurance company and it's $80 a month for full coverage. Ummm...no (in my opinion). I'm already paying $200 a month for a more expensive car. I can't drive both cars at once, so why am I paying insurance like I can? I feel the driver should be insured, not the car. I don't have different licenses for different cars, so why different insurances. Now, I do understand theft, and vandalism, so I can comprehend a little over $200 a month, but not an extra $80...because in a sense, they wouldn't steal both my cars, only one, and paying $200 a month is already covering theft on a car of higher value.

I've had this theory since I was a teen with like 5 foxbodies at once. LOL If someone can argue why my theory is 100% ignorant, so be it, but I've long had this theory.

That’s what specialty car insurance like hagerty is for. For nice cars you don’t drive often so you have low rates. I added my 97 mustang gt to my policy 2 months ago and it only went up $17 with progressive insurance. But only have basic coverage on it.

ur bittn · Nov 3, 2019

Sometimes I think I’m the only one in California that has auto Ins. I’ve been hit 4 or 5 times by illegals so thank god for it. Home owner is only 1k a year and like others have already said you’re crazy not to have it. Health is mostly paid by employer for two more years until retirement. But probably the best is roadside, I can’t tell you how many times I’ve had to have the RV towed and that can cost a small fortune. But when it comes to earthquake ins. “TOTAL SCAM”

tistan · Nov 3, 2019

TK1299 said:
@tistan curious man, are you independent or conservative?

Somewhere between libertarian and conservative.

tistan · Nov 3, 2019

ford fanatic said:
I've had this argument for years with the insurance companies, our household has 2 drivers and 5 cars.

Same here. On my 5th vehicle, I pay $900 a year for minimum liability on an 02 f250 that I drive less than 2,000 miles a year and use it mostly when it snows bad and to take my dogs to the park. By comparison I pay $1600 a year for full coverage on a 2019 ram 4x4 that I drive 15k a year. Insurance shouldn't be vehicle specific, it should be person specific. It really sucks that they divide up coverage between your car, the other persons car, and medical. I should be able to buy a million in coverage and it just covers what goes wrong.

svtfocus2cobra · Nov 3, 2019

How do you justify insurance based off the person when it is all about how much it costs to repair a vehicle, not a person? Parts for your new Ram are going to be more than the parts for your old Civic and parts in general for a nicer vehicle are more expensive than of that for a cheaper vehicle. That is a huge part of how the pricing is factored.

coposrv · Nov 3, 2019

You can self insure if your pockets are deep enough.

I hate the couple grand a month I pay in insurance but when I need it I don’t mind so much. I don’t want everyone around me to be without it though.

So, scam? Maybe, does it bother me? Not too much.

Sent from my iPhone using svtperformance.com

ssj4sadie · Nov 3, 2019

coposrv said:
You can self insure if your pockets are deep enough.

I hate the couple grand a month I pay in insurance but when I need it I don’t mind so much. I don’t want everyone around me to be without it though.

So, scam? Maybe, does it bother me? Not too much.

Sent from my iPhone using svtperformance.com

Couple grand a month? Da fuq do you have insured?

coposrv · Nov 3, 2019

Insurance in general

Commercial trucks
General liability
Workman’s comp
Health

Sent from my iPhone using svtperformance.com

ssj4sadie · Nov 3, 2019

coposrv said:
Insurance in general

Commercial trucks
General liability
Workman’s comp
Health

Sent from my iPhone using svtperformance.com

Ah, I ride the Tricare train, so I forget about health insurance.

Blk04L · Nov 3, 2019

No.

It is a scheme for the company to make money over the good of their hearts trying to help you.

Been lucky I've had good health insurance and car. Never been denied yet and have had some pricey years

Especially with having a kid. **** those prices at a hospital if you didn't have insurance.

It's well worth it to me for the what if.

Makobra · Nov 3, 2019

Smooth said:
Driving is not a right.

that assertion is patently false. the public pays for, and thusly owns, the road. we have a right to travel.
"but you don't have a right to a drive a car on that road" by way of necessity: yes I do.

Coiled03 · Nov 3, 2019

Makobra said:
that assertion is patently false. the public pays for, and thusly owns, the road. we have a right to travel.
"but you don't have a right to a drive a car on that road" by way of necessity: yes I do.

Pretty sure that's already been argued in front of the Supreme Court, and you are, in fact, wrong. The state is not required to grant you a license.

Do you think insurance is a scam

Opprimere, Velocitas, Violentia Operandi

Meh

RIP Kane

Well Seasoned

Well-Known Member

Finish First

Well-Known Member

Four Eyed Freak

Well-Known Member

By the snake

Well-Known Member

Well-Known Member

Opprimere, Velocitas, Violentia Operandi

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

. . .

Mostly Peaceful

Well-Known Member

Users who are viewing this thread