Does anyone think that this would actually SAVE the consumer money?
I’m interested in any superficial analysis or whatever comes to mind… Unless of course something has been written about this. That would be sweet.
I was just thinking it could act as a regressive tax on rural residents in slow economies with no public transport.
Perhaps it would work in the city though.
It would save bad drivers money - you wouldn’t have differential pricing based on your own safety record anymore. You wouldn’t even have differential pricing based on your membership in a safer category anymore (e.g., being a 35-year-old woman versus being a 17-year-old male).
[quote]BostonBarrister wrote:
It would save bad drivers money - you wouldn’t have differential pricing based on your own safety record anymore. You wouldn’t even have differential pricing based on your membership in a safer category anymore (e.g., being a 35-year-old woman versus being a 17-year-old male).[/quote]
Beat me to it.
There is no freedom of choice in such a pricing structure and it would just drive fuel costs up for everyone despite being good drivers or not.
Maybe technology could work its way around such limitations; for example, each customer is assessed a fee electronically via a gas/insurance debit at the pump.
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
[quote]LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.[/quote]
The problem is that at least 60% of drivers down here don’t pay monthly premiums.
[quote]doogie wrote:
LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
The problem is that at least 60% of drivers down here don’t pay monthly premiums.[/quote]
I never thought of that. I’ve always lived in states (+DC) that required it.
[quote]beebuddy wrote:
doogie wrote:
LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
The problem is that at least 60% of drivers down here don’t pay monthly premiums.
I never thought of that. I’ve always lived in states (+DC) that required it.[/quote]
Oh, it’s required here.
Auto insurance is a scam. It’s like the lottery.
[quote]doogie wrote:
LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
The problem is that at least 60% of drivers down here don’t pay monthly premiums.[/quote]
This makes me think that it would save money for those that do pay their premiums.
[quote]malonetd wrote:
Auto insurance is a scam. It’s like the lottery.[/quote]
Not just auto insurance.
[quote]doogie wrote:
LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
The problem is that at least 60% of drivers down here don’t pay monthly premiums.[/quote]
So what! Insurance should be a choice and if one isn’t covered then that is their problem. Insurance covers your vehicle if you have collision, if you have liability then you are covered for when you are at fault.
People should not be forced to have insurance.
[quote]LIFTICVSMAXIMVS wrote:
doogie wrote:
LIFTICVSMAXIMVS wrote:
I am not so certain it is any more efficient than just paying premiums monthly as most insurance customers do.
The problem is that at least 60% of drivers down here don’t pay monthly premiums.
So what! Insurance should be a choice and if one isn’t covered then that is their problem. Insurance covers your vehicle if you have collision, if you have liability then you are covered for when you are at fault.
People should not be forced to have insurance.[/quote]
Why should I have to pay when someone else runs into me and wrecks my car?
People do not have a right to drive. If they don’t want to pay insurance they can walk or ride a bus.
[quote]Zap Branigan wrote:
Why should I have to pay when someone else runs into me and wrecks my car?[/quote]
Why are you forced to pay even when you haven’t damaged any property?
I agree with you but my assessment is that if the government can force one to buy insurance then they should be able for force people to pay any judgments against them for damaged property, etc.
As for the right verse the privilege of driving I disagree with you. The fact that roads are not private property gives everyone the right to use them. Privileges are paid for and everyone pays for roads – even the people who do not use them.
[quote]Zap Branigan wrote:
Why should I have to pay when someone else runs into me and wrecks my car?
[/quote]
You shouldn’t, but if you want to avoid this problem, just don’t get in any accidents. Very rarely is an accident completely unavoidable, even when it’s “not your fault”.
I’ve never been in an accident in my life. How do the insurance companies reward that? They don’t. I just keep paying and paying and I get nothing. I’m glad I was smart enough to stop paying for auto insurance.
[quote]malonetd wrote:
I’m glad I was smart enough to stop paying for auto insurance.[/quote]
I wish I were as brave as you. I do not want the gestapo coming after me. In MN one can lose their license and even be ticketed for not having proof of insurance when stopped.
I don’t know why our government won’t just let individuals take responsibility for their own lives.
One thing I do agree with is that a Bank who lends a person money to buy a car should be able to require collision insurance to protect their assets. I plan on dropping collision as soon as I pay off my car and saving the difference for a rainy day.
[quote]LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
Why should I have to pay when someone else runs into me and wrecks my car?
Why are you forced to pay even when you haven’t damaged any property?
I agree with you but my assessment is that if the government can force one to buy insurance then they should be able for force people to pay any judgments against them for damaged property, etc.
[/quote]
How can they force someone to pay, especially quick enough to fix my car right away? What if the person doesn’t have the money? do I take out a loan to fix my car and hope he pays it back? Good luck collecting.
[quote]
As for the right verse the privilege of driving I disagree with you. The fact that roads are not private property gives everyone the right to use them. Privileges are paid for and everyone pays for roads – even the people who do not use them.[/quote]
I believe every public building is public property therefore I will use them however I want. I will shit in the middle of of the hallway at the middle school and sleep in the mayors office.
And roads are paid for by the ones that use them with gas taxes, license and registration fees etc.
[quote]LIFTICVSMAXIMVS wrote:
malonetd wrote:
I’m glad I was smart enough to stop paying for auto insurance.
I wish I were as brave as you. I do not want the gestapo coming after me. In MN one can lose their license and even be ticketed for not having proof of insurance when stopped.
I don’t know why our government won’t just let individuals take responsibility for their own lives.
One thing I do agree with is that a Bank who lends a person money to buy a car should be able to require collision insurance to protect their assets. I plan on dropping collision as soon as I pay off my car and saving the difference for a rainy day.[/quote]
I also agree with collision insurance on bank owned and leased vehicles.
Also, Wisconsin doesn’t have a law requiring auto insurance, so I’m not doing anything illegal by driving without insurance.
[quote]Zap Branigan wrote:
How can they force someone to pay, especially quick enough to fix my car right away? What if the person doesn’t have the money? do I take out a loan to fix my car and hope he pays it back? Good luck collecting.
[/quote]
The Federal government can seize assets right out of your bank account – I assume they can do it as soon as it is ordered. If you didn’t have to pay for insurance maybe you’d save your own money just in case and you could get by until you were payed what was owed you.
[quote]
I believe every public building is public property therefore I will use them however I want. I will shit in the middle of of the hallway at the middle school and sleep in the mayors office.
And roads are paid for by the ones that use them with gas taxes, license and registration fees etc.[/quote]
Go right ahead. I defend your right to use “public” property anyway you want.
[quote]malonetd wrote:
Zap Branigan wrote:
Why should I have to pay when someone else runs into me and wrecks my car?
You shouldn’t, but if you want to avoid this problem, just don’t get in any accidents. Very rarely is an accident completely unavoidable, even when it’s “not your fault”.
I’ve never been in an accident in my life. How do the insurance companies reward that? They don’t. I just keep paying and paying and I get nothing. I’m glad I was smart enough to stop paying for auto insurance.[/quote]
I was hit from behind while stopped at a red light. My wife was hit from behind while stopped at a red light. My car was hit while parked in a parking space. My pickup was clipped by an 18 wheeler while I was stopped at the stop line waiting for a red arrow to turn green, the truck was forced to merge left into a temporary lane on the other side of the intersection and merged too early.
That is 4 cases of being hit while the car was stopped exactly where it was supposed to be in a total of 47 years of driving between my wife and I. Accidents do happen and they are often the entirely one drivers fault. The only way my wife and I could have avoided these was by leaving the car in the garage.