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Quote from: Marty Machine on June 26, 2014, 10:24:45 PMALL insurance is 'too good to be true'....think about it, you pay $500-$1k per year for your car cover, and over 10 years you dont make any claims, so you've paid $5k to $10k for what exactly? then when you have an accident they want you to pay an extra $500-$1k excess (depending what amount you elected)....The excess SHOULD be coming out of the $10k they've got from you....It should be like a banking system where money is held in an ongoing account until needed.I tell ya, insurance is the biggest scam out there (2nd only to religion).....Maybe just dont get insurance and keep $2k to $5k locked in a bank account instead, at least you can cover damages/repairs when needed.Stoopid damn unregulated government systems What if you write your car off, $2-$5k isn't gonna buy much of a replacement car? Similarly what if you hit another car and it's your fault, that Merc or Porsche isn't going to be cheap for you to repair or replace?
ALL insurance is 'too good to be true'....think about it, you pay $500-$1k per year for your car cover, and over 10 years you dont make any claims, so you've paid $5k to $10k for what exactly? then when you have an accident they want you to pay an extra $500-$1k excess (depending what amount you elected)....The excess SHOULD be coming out of the $10k they've got from you....It should be like a banking system where money is held in an ongoing account until needed.I tell ya, insurance is the biggest scam out there (2nd only to religion).....Maybe just dont get insurance and keep $2k to $5k locked in a bank account instead, at least you can cover damages/repairs when needed.Stoopid damn unregulated government systems
