Quote:
Originally Posted by GoinAllTheWay
This is an attitude I don't quite understand. Insurance was never meant to deal with minor claims, it's meant to deal with large ones.
Would you really be happier if insurance was not mandatory (and this really only applies to the liability section) and everyone drove around un-insured? Some one rear ends you and then says "Sorry! I have no insurance! To bad for you!" Or you are injured in a car accident and have to pay all of the expenses yourself?
The number of people that complain about insurance rates is boggling. Meanwhile, most of us are paying almost half of our paycheques to the goverment in the form of tax and hardly anyone makes a peep about that.
This is the real scam we should be worried about.
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I'm assuming you or someone you know works for an insurance company. Insurance is only useful if you write off your car, someone elses car, or you kill/injure someone. I understand that. But insurance is still a rip off. Let's take me for example. I pay about $260 a month for my car insurance. I'm young, driving a new car, with a perfect record, and no claims. If I get into an accident, minor or major, and I go through insurance to cover the costs, my rate will automatically go up, presuming it's my fault. That doesn't make any sense. So what I am paying this $260 a month for? Worst case senario apparently. Why should my rate go up? All this money that I have been paying to this company has meant nothing! Roughly I have paid $15 000 in insurance in my lifetime (5 years of driving). I get into a situation like AlbertaGQ here and I end up paying for the total cost of the accident through my raise in my payments. How is that not a scam?! My money has effectively gone done the tube.