Insuranace is a joke
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
Insurance isn’t a joke, it’s a giant scam. Their entire business model is to give you less than you put in. And they make insane amounts of money doing it. No choice though, as it is basically legally required to exist in society.
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Insurance covers damage to the other party if you were at fault, any medical issues. To only see its value for taking care of your own car and nothing else is short sighted and ignorant.
Not true if you are in a no fault state. In Florida, diesn matter who's at fault....you go through your own insurance and bear the coat of increased premiums ...even if its 100% other guts fault.
Had a car totalled. 2018 elantra. Ins gave me 8k, black book value.... But a replacement could not be found for less than 17k for same model, blue book value+dealer profit shit.
Wtf.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
To be salty: you seem kinda bad at math.
2019 was.six years ago, not "basically ten". Which wouldnt matter, if the rest of your post didn't have such "if the raise put me in the next tax bracket I'd actually lose money" energy.
Car insurance is typically for the market value of your car as-s. Not the price for a car from the same model year that has a dealer's warranty behind it.
Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Now, there are insurance companies that will sell you "replacement cost" insurance, but this always means they're charging a higher premium than they otherwise would.
And you're absolutely right that insurance companies categorically suck. Auto insurance is actually the friendliest one that regularly has to pay out. Health insurance is even worse.
(Sorry for being so salty.)
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Yeah we got a lawyer. It's annoying to have to do that because by default the insurance companies don't want to do what they're supposed to be doing.
Definitely. The business model for basically all of the insurance industry - denying as many claims as possible directly contributing to the margin of the company - is fundamentally broken. A real pity on account of how good and beautiful the core idea of insurance is.
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To be salty: you seem kinda bad at math.
2019 was.six years ago, not "basically ten". Which wouldnt matter, if the rest of your post didn't have such "if the raise put me in the next tax bracket I'd actually lose money" energy.
Car insurance is typically for the market value of your car as-s. Not the price for a car from the same model year that has a dealer's warranty behind it.
Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Now, there are insurance companies that will sell you "replacement cost" insurance, but this always means they're charging a higher premium than they otherwise would.
And you're absolutely right that insurance companies categorically suck. Auto insurance is actually the friendliest one that regularly has to pay out. Health insurance is even worse.
(Sorry for being so salty.)
Shut up, nerd!
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To be salty: you seem kinda bad at math.
2019 was.six years ago, not "basically ten". Which wouldnt matter, if the rest of your post didn't have such "if the raise put me in the next tax bracket I'd actually lose money" energy.
Car insurance is typically for the market value of your car as-s. Not the price for a car from the same model year that has a dealer's warranty behind it.
Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Now, there are insurance companies that will sell you "replacement cost" insurance, but this always means they're charging a higher premium than they otherwise would.
And you're absolutely right that insurance companies categorically suck. Auto insurance is actually the friendliest one that regularly has to pay out. Health insurance is even worse.
(Sorry for being so salty.)
Its OK to be salty. I like my beans salty, lemony and spicy. I'm not saying you're a bean and I want to eat you in a burrito. I'm just saying you're alright.
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Insurance isn’t a joke, it’s a giant scam. Their entire business model is to give you less than you put in. And they make insane amounts of money doing it. No choice though, as it is basically legally required to exist in society.
Most insurance companies see very slim margins, it's just that even slim profits stack when you have millions of customers.
Plus, they have to put fat money in the bank to covers disasters. Problem being, after too many disasters they pull out of your state (America). I don't know the fix. I don't want to pay for California wildfires anymore than they want to pay for our hurricanes. I see a global warming future where we won't be able to get insurance unless it's a crappy government deal.
Hell, maybe that will be better. At least the government has to follow the rules they set, can't wiggle out of payments like private enterprise.
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Not true if you are in a no fault state. In Florida, diesn matter who's at fault....you go through your own insurance and bear the coat of increased premiums ...even if its 100% other guts fault.
Had a car totalled. 2018 elantra. Ins gave me 8k, black book value.... But a replacement could not be found for less than 17k for same model, blue book value+dealer profit shit.
Wtf.
Florida here, did not know that. I had thought "no fault" meant that the cop on the scene could judge an accident to be "no fault", no one party was liable.
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Its OK to be salty. I like my beans salty, lemony and spicy. I'm not saying you're a bean and I want to eat you in a burrito. I'm just saying you're alright.
wrote last edited by [email protected]The minimum liability insurance isn't a scam. If you hit someone and cripple them you'll be glad for insurance to pay their medical etc...
Comprehensive is absolutely a scam. Just take the money and save it, maybe buy some bonds. Then when it's time to buy a new car (or when you get your car totaled) you're already half way to a new car.
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The minimum liability insurance isn't a scam. If you hit someone and cripple them you'll be glad for insurance to pay their medical etc...
Comprehensive is absolutely a scam. Just take the money and save it, maybe buy some bonds. Then when it's time to buy a new car (or when you get your car totaled) you're already half way to a new car.
Cars totally suck by the way. We went to a dealership to see one of the trade-in used cars and the 20 minute trip turned into a 4 hour car ride in stop and go traffic.
Cars suck, Seattle traffic sucks, insurance sucks. One word of advice.... Don't come to Seattle. If you do, don't bring a car there. That's the only saving Grace about Seattle, there's no parking. To fix the traffic problem simply close the streets going to downtown.
Yeah definitely need a well named insurance... "Pay little" or maybe "screw everyone" insurance. Sorry, just being salty about it.
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The car isn't always the most expensive part of a collision.
Anything that requires one or more person to go to the hospital will dwarf the value of the car before the gurney gets all the way in the building.
Your maturity, reasoning, and understanding makes me sick.
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Most insurance companies see very slim margins, it's just that even slim profits stack when you have millions of customers.
Plus, they have to put fat money in the bank to covers disasters. Problem being, after too many disasters they pull out of your state (America). I don't know the fix. I don't want to pay for California wildfires anymore than they want to pay for our hurricanes. I see a global warming future where we won't be able to get insurance unless it's a crappy government deal.
Hell, maybe that will be better. At least the government has to follow the rules they set, can't wiggle out of payments like private enterprise.
At least the government has to follow the rules they set, can't wiggle out of payments like private enterprise.
Oh my sweet summer child.
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At least the government has to follow the rules they set, can't wiggle out of payments like private enterprise.
Oh my sweet summer child.
LOL, I get you! But at the day-to-day bureaucrat level, there's no, "Let me talk to your manager!" The rules are the rules, no matter if they're insane in your particular case, the bureaucrat cannot make exceptions. Which is my pet theory as to why so many hate the government.
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LOL, I get you! But at the day-to-day bureaucrat level, there's no, "Let me talk to your manager!" The rules are the rules, no matter if they're insane in your particular case, the bureaucrat cannot make exceptions. Which is my pet theory as to why so many hate the government.
Sometimes the rules are just dumb.
Ooh I've got a couple fun "fucking bureaucracy" stories with the MA RMV and the RI DMV...
I bought a car in MA in 2014. Lived in RI at the time. Registered it in RI, paid RI sales tax at the dealer to register it. As one does. You cannot register a car without paying the tax.
Owned it for 4 or 5 years when I moved to MA. When I tried to register it here, they wanted me to pay sales tax on the original purchase price in MA. That's the law, unless I could prove that I paid RI sales tax.
"It was registered in RI by the dealer, ipso facto I must've paid tax" wasn't enough. I needed a form from the dealer.
I had my original paperwork all in a file at home. None of the documents were what they were looking for.
The dealership was still there, but had changed hands in the interim. I called every day for like 2 weeks trying to see if they could find the form. "We will give you a call in the morning". I had to call them in the afternoon because they never called me.
Eventually, I'm pretty sure they just forged the form to get me to stop calling them. Whatever, it was enough to let me register the car without paying tax on a 6 year old car, based on the value of when it was 1 year old.
When I was a teen, my dad bought an old Datsun off some guy off Craigslist as a project car. It wasn't even in one piece. It was immobile, hadn't been started in years. Squirrel den. Came with about 3 pallets stacked a good 4-5 feet high full of parts.
It was an antique (by state law, 25 years old) when he bought it. I'm pretty sure when we bought it, the law was that cars over 10 years old could be registered without a title. I may be mistaken.
This car...did not have a title. And it was not at all road-worthy, so registering it was never on his radar.
We worked on it for quite a while over the course of...probably a couple of years. Eventually got it quite road worthy and street legal and looking quite good.
By the time we went to register it, though, the title was now needed. The bill of sale from prior to that law didn't matter. Title was necessary.
The guy that he bought the car from was dead. Like, actually dead, we tried to track him down to see if possibly he had it, and all we could find was his obit.
So now he has this car with a couple of years of our blood, sweat, and tears in it...and the DMV is saying it can't be driven.
I'm not really sure how he ended up resolving that. I think he just shared his story with enough of his circle (pre-Facebook) that he found "a guy who knows a guy" who helped him grease the right palms. Typical Rhode Island.
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The minimum liability insurance isn't a scam. If you hit someone and cripple them you'll be glad for insurance to pay their medical etc...
Comprehensive is absolutely a scam. Just take the money and save it, maybe buy some bonds. Then when it's time to buy a new car (or when you get your car totaled) you're already half way to a new car.
It might be worth it if you have a Jeep for the glass replacement alone, though
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Insurance covers damage to the other party if you were at fault, any medical issues. To only see its value for taking care of your own car and nothing else is short sighted and ignorant.
That's only liability insurance, though.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
wrote last edited by [email protected]One thing to keep in mind is that the used car market is fucked right now because of the tariffs. You're going to pay a premium for any used car from a dealership for the next long while.
My advice? Get a gray title on the car and sell it to someone who will fix it up. I hit a deer with my old 99 contour, and the insurance adjuster totaled it because my back seat was messy (I wouldn't have believed it if he hadn't said it to my face; the whole story is a trip). They gave us $2400 for it, we kept the car, and sold it to a family friend for $1200 because it just needed new headlight assemblies. We only paid $1200 for it in the first place, but my step dad knew the dealer and got it for what he paid.
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To be salty: you seem kinda bad at math.
2019 was.six years ago, not "basically ten". Which wouldnt matter, if the rest of your post didn't have such "if the raise put me in the next tax bracket I'd actually lose money" energy.
Car insurance is typically for the market value of your car as-s. Not the price for a car from the same model year that has a dealer's warranty behind it.
Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Now, there are insurance companies that will sell you "replacement cost" insurance, but this always means they're charging a higher premium than they otherwise would.
And you're absolutely right that insurance companies categorically suck. Auto insurance is actually the friendliest one that regularly has to pay out. Health insurance is even worse.
(Sorry for being so salty.)
Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Why would an insurance company think that OP would get less money selling the car than anyone else would get selling the same kind of car, though? It's one thing if all the listings are for much higher prices, but if those listings are selling at that price, then that's the market value and the insurance company is provably misunderestimating.
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Insurance isn’t a joke, it’s a giant scam. Their entire business model is to give you less than you put in. And they make insane amounts of money doing it. No choice though, as it is basically legally required to exist in society.
Insurance being a negative expected value isn't the scam. Insurance not paying for the thing you bought the insurance to pay for is the scam. They're supposed to be working from the same agreement you're working from, not some other one they made up that's worse for you at random.
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One thing to keep in mind is that the used car market is fucked right now because of the tariffs. You're going to pay a premium for any used car from a dealership for the next long while.
My advice? Get a gray title on the car and sell it to someone who will fix it up. I hit a deer with my old 99 contour, and the insurance adjuster totaled it because my back seat was messy (I wouldn't have believed it if he hadn't said it to my face; the whole story is a trip). They gave us $2400 for it, we kept the car, and sold it to a family friend for $1200 because it just needed new headlight assemblies. We only paid $1200 for it in the first place, but my step dad knew the dealer and got it for what he paid.
LOL my first car was really old. I bought it for 2k and I sold it for 2k like seven years later. But that only works if you know how to work on cars and have a good grip on maintenance. It was my first car and I did a lot of stupid things on it. Fixing it was a fun time. But I'm old now. I can't have my wife not have a car. Specially I wouldn't want to have car problems here in the PNW during a rainy or cold winter. In winter time you can walk a few blocks without freezing. But the grocery store is a good hour and a half downhill walk. Another 2 hours walking uphill with heavy shopping bags, that's a nope. One day there will be a tram nearby to help us. But not today.
One time I was talking with an online friend from the general region and I got to experience freezing his ass off while waiting for a bus....from the comfort of my home. Worse 30 minutes ever for him. Winters are no joke here. I don't understand how homeless people even survive over winter....you known, people who used to have a home, buy then one day they lost their car and got fired for not showing up to work. It hits home like that.
I got a plan ready last week to order a bunch of stuff from china. I was so happy to put it all to work on Monday. But nah! Friday tariff boy had to 120% my purchase. WTF! To the max.