Thread: Is car insurance a con?

I have been driving for years with only the minimum amount of insurance required by law, and it only covers if I hit someone else. If I get hit by someone and they drive off, or if I hit someone, then I get nothing. I am pretty comfortable with that though, since I have a used car and I probably have saved more money not paying for the extra coverage, than it would cost to replace the car.

What do I really have to lose? Worse case is my old used car, I wont get sued because my insurance covers anything I hit.

Bicycle insurance is zero dollars my friend.

I think that instead of having seat belts they should put a big damned spike on your steering wheel, pointing right at your chest. I guarantee there will be less accidents if people know that a collision is going to impale them. Then we wouldn't really need insurance would we?
"I got rear ended by some... Poor bastard."

Anyway, I think a lot of the factors here must come from which insurance company you use.
After Katrina there were many signs about different insurance companies that helped, or fxxxed people. I saw a lot of negative signs, but I saw one positive: "Allstate took care of us."
I have never used them, so I don't know.

One of the insurance companies I signed up for (to pay for MONTHLY insurance) has threatened to make a claim with their collection agency if I don't pay the whole year's worth at once. Their reasoning is that I owe them for the latest month of coverage. Get this though: I'm supposed to pay for each month just prior to the new month's worth of coverage. So if I didn't pay them, and they claim that they "covered" me anyways (which already doesn't mean anything because I haven't been in any accidents and haven't done anything to effect their company for the month in question) it sounds like someone's messing up or that this whole scheme is completely intentional.

Also, this happened a few months ago and I haven't heard from them or their collection agency since, nor has my credit been affected in spite of their threats. Shady much?

Of course if you didn't pay them and you don't get in an accident, then you were covered the entire time. If you didn't pay them and you get into an accident, then you weren't really covered because you hadn't paid.

I recently had an accident where another car crossed two lanes and ran into me on the highway (didn't check blind spots). Estimate was 928$, insurance company called recently to say that they received the police report which confirmed that the other driver was at fault and that they were trying to seek the totality of my damages from him. Lets see how this ends...

My general experience is that insurance companies work quite well. Then again, I don't live in Americoh.

Not really, car insurance protects you if you put someone in the hospital. In the USA putting someone in a hospital bed will cost you $50000 without insurance. The cost of health care is what dictates car insurance. Of course the USA is one of the only country where it is normal for people to make money off of the dying / sick / and injured.

Invader - Yep, sounds shady as hell lol

Stormcrow - If I'm not going far I'd ride a bike. Cars are handy though.

Spartiate - Please post your outcome, should be interesting.

Marvo - Neither do I.

ninja - That's very interesting. But here, as wherever Alric lives, we have a minimum amount of insurance required by law. That is 3rd party, which covers the other person. I'm probably going to stick to 3rd party but I'll have to find out if that covers their property too.