The thing with car insurance that pisses me off is that you pay them, lets say 2 grand over a yr,
and u dont get into an accident for 15 yrs of driving, when u add all that up, its 30 grand that you paid them for nothing. And evn if u do get into an accident that was ur fault, they raise ur premium..
Umm hello...what happened to the 30 grand i paid u for 15yrs of safe driving?
I understand that frustration. It's always a gamble but it's there in case an accident happens to protect your ass and cover your vehicle. It's better to have it just for when you need it than not at all.
Car insurance is the biggest scam ever!! You should pay them monthly, if nothing happens, then that must should accumulate in your own personal " Car Insurance Bank " and if something happens, then they will take that out of ur account.
That is not exactly a sound way of stating it. If it accumulates in your own insurance bank let's say 30k, and something happens that costs over 30k then you're screwed. I believe you're trying to say they should cover us from day 1 AND have our money be rolled over so that after 10 years or so, we shouldn't have to pay them a dime anymore? Is that the plan? There is a method called saving up your money, you don't need to have an insurance policy for this.
Pay yourself whatever you pay now, store it in a safe and drop you insurer then. If you total your vehicle and/or are at fault in a collision, that money is going to look like pennies and nickles when your butt gets sued for having no funds to cover their medical expense as well as losing your vehicle and having to pay for everything else. Of course your rate is going to go up if you're at fault in an accident; you're a more of a liability to them to use their money. If you have a record of incidents then you're getting more than your money's worth so of course they're gonna jack it up to make you pay some more for the breakfast, lunch, and dinner buffet topped off with dessert.
From a medical, at fault in collision, property damage, and legal perspective an insurer makes sense. If you don't think any of this could happen to you and look from just "fixing the car" perspective, then save up your own money and drop your insurer. I wouldn't recommend it.
The biggest scam of all time actually is the printed money we use, ask me why.