Why should we pay CAR insurance?
608767
If replacing the car was required on all policies insurance would be a lot more expensive.  As is the law requires us to protect innocent 3rd parties (so if a driver hits a 8 yr old the injured kid will get some money torwards his medical bills), but allows us to decide if we want to pay extra to insure our vehicles for comprehensive and collision or not.  Personally I'd be p'd off if the government made it mandatory that I had to pay extra premium to insure my car for full replacement cost whether I wanted to or not.\n\nWhile a lot of carriers don't offer full replacement cost, most do offer gap insurance when you buy a brand new car - this will pay the difference between the ACV (Actual Cash Value) of your vehicle and the amount that you owe the lienholder.  You can also buy this at the dealership when you buy the car but check with your agent first to determine which route is cheaper.\n\nWhen your car is paid off if you continue to carry comprehensive and collision coverage you will be paid the ACV of the vehicle.  Even a 1980 Pinto will get you some money back.  To determine the ACV of your car you should look it up on bluebook (www.kbb.com) while the insurance company will make a big deal about how that is not what they use to determine it the two numbers are usually similar - you can then decide if it's worth the premium.\n\nIf you feel like you're an awesome driver and will never cause an accident insure your vehicle for just comprehensive (theft, weather damage, fire) and drop collision.  Make sure your policy has Uninsured and Underinsured Property Damage and if the BAD driver in your question has no insurance your company will still pay the ACV of your car.\n\nSix months is not long enough to gauge a person's driving record - insurance companies typically look at 3-5 years.  If you are accident and ticket free during that time they will usually offer you a lower rate.  You should also shop around every so often to make sure you're getting the best deal.\n\nI think I've covered all your points - sorry if I left one out and I hope this helps.
1148387
Why would they use taxpayer money for that?  When you purchased your insurance you had the chance to pay for additional insurance that would cover you if you were hit by an uninsured motorist.  Did you buy it?
342213
If you've been at your job for about a year, and don't have bad credit, probably very soon.  That is, if your bills for housing and utilities (in addition to your food bills) leave you with any money to pay your monthly car payment.  Auto insurance is another expense, and when buying a car on a monthly payment agreement, you must carry full coverage.\n\nIf you are talking about buying a brand new car with cash up front, it would depend on how much you are able to save out of each check.
35849
We pay taxes to maintain the many public goods the government provides, such as the road system, public schools, national defense, public hospitals and so on.  As for the cops after drivers, that's another story.
471691
As an insurance agent I am asked that question by my clients all the time.  If you can easily afford to repair or replace your vehicle without any insurance money, then I would say drop the collision coverage.  Otherwise, keep it.  It's better to pay a little now in premium then to suffer a major financial hardship.
138884
Ha, sometimes I wonder how humans as a species ever evolved enough to make it this far. If Americans pay for that, I am going to ram the next car that cuts me off on my way to work and demand the other driver pay for the damages. It was only a consequence of their actions anyway, why should I be held responsible? Hey...maybe I do like that philosophy.
398321
I think its a great idea, but make sure you get the proper insurance for the business.  If you accidentally damage someones car you'll want to be protected.
621364
I think its fun but seriously, we could be thinking and using the money for important things that we need in life.  For example gas. prices are too high and it could run out. So we should come up with something to help us all whether it be gas, medical or food.. We need to survive.
1138829
The only reason you would need to keep full coverage on your car is if you use if for collateral on your new loan.  If your not, you don't need full coverage.
67962
Well, none of us knows what we might face in life, and the whole insurance market is a numbers game anyway.  The vast majority of premiums  (those paid by an individual and their employer) cover people who will not get chronically ill.  Those individuals' payments far outstrip the actual health care costs they will incur over a lifetime, and they subsidize the poor unfortunates who end up with rare and expensive diseases.  That's the whole point of insurance in the first place--to cover people's medical costs who could otherwise not do so themselves.  \n\nInsurance companies regularly cap coverages, disallow procedures they deem not medically necessary, and sometimes refuse to pay in circumstances where the covered individual was at fault for the injury/disease (not wearing a seat belt, suicide attempts, etc.)  But going down the path of covering only select diseases is taking things a bit too far I would say.  In effect, the company in question would be saying "You're a hemophiliac?  Oh man, that's a shame.  Good luck on that not dying thing dude."  Of course we'd (as taxpayers) pick up the tab for all the emergency room visits the uninsured hemophiliacs would make, and that emergency-care-only approach may turn out to be far more expensive than covering the regular treatment and drugs which might prevent the emergencies in the first place.\n\nAlthough I can see the logic of your argument, I can't say that it strikes me as a good idea.  I think there may in the end be less savings than first meets the eye, and that our society has a certain self-interested obligation to take care of those people who are in need.
269920
Saving enough money to cover your expenses when you can no longer work.  Generating enough income to cover your expenses while having some left over for an emergency not covered by insurance.  \n\nFirst and foremost, you are truly rich when you are living the life you love today.
245483
The dealer ship should be the ones to pay. They sould have insurance on there automobiles that cover other drivers.\n\nhave a great day
808485
Just have your insurance company handle it. That is why we HAVE insurance.
1071245
if you financed the car, the borrower will make you get insurance to protect their interests.. if you bought the car for cash, you should get both liability, collision,and uninsured/under-insured motorist coverage to protect yourself and others-- in most states, having liability insurance is a state law, failure to have it will get you a ticket, a big fine, and the possible impounding of your car !! the city in Texas i live in, just passed a rule that anyone driving with out insurance on their car, will have their car impounded by police on the spot.. for your own security , and to stay out of trouble, it would be a good idea to get insurance on your car ASAP !! I am a retired CPA, CFP, & LUTCF..
182667
the insurance company is representing the driver, therefore it is them that you take to court.  your insurance company would do the same for you.  someone wants to take you to court for an accident you had, they would go to court for you and defend you if they believe they have a case.
13366
Check with the company where you have your auto insurance.  Many times you could get a multi-line discount.  From personal experience the money that I saved on my auto policy pretty much paid for the renters policy.
685674
hell yes.  i'm not racist by any means but i think they should pay.  if it were an american without the insurance, you better believe we would have to cover the cost if we casued the accident.  the same thing happened to my roommate.  her mom was in visiting and a car full of mexicans slammed into her brand new car.  the driver didn't have a license and spoke no english.  the cop gave them a ticket for the accident and gave them a ticket for having a knife in the car.  but my roommates mom hasn't gotten anything paid yet nor can she get ahold of the police officer.  i think it is crazy.  mexicans say that want to be in our country but they don't want to pay the consecuences and abide by american law.  its simple if you don't have a license and you don't have insurance then don't freakin' drive.  hell, they don't know the laws cos they can't even read them.  to answer you questions, yes the police should do more but they won't because of politics.  local government can't deport illegals.  plus it would cost more to deport them than the damage they caused.  mexicans are taking over everywhere, and we as americans are going to have to adjust (as much as i hate to say).  we can no longer count on the other driver to cover the insurance cost thats why we must have full coverage on our on cars.