The clams made in these article are completely without basis. Firstly the statement that the accidents caused by uninsured drivers have to be recouped by insured drivers is just dumb and not how the system works. In this country you are responsible for your own actions and if you cause and accident you are expected to pay for the damages that you are responsible for. Insurance is only a system that we use to pre pay for the possibility of these incidences. In fact statistically drivers are involved in one auto incidence every thirty years and the majority of those incidences are minor. So if all insured drives stopped paying there insurance today and started paying towered an interest baring account they could statistically more than pay for any accidents and in the end many drivers (particularly those with good driving skills and records) would have much more money to cash out of the system. Witch brings me to my final point, if you pay for auto insurance for the entire span of you driving life and are involve in only a very few minor accidents totaling less the several thousand dollars than you have paid hundreds of times more than the cost of the damages. In fact the high cost of insurance is not to pay for uninsured drivers but to pay for the many high paid CEO’s and executives and as well as the price paid to many politicians to instate and verify mandatory insurance systems.
I beleive if State Troopers and area Law Enforcement had inspection’s as they did years ago by, setting roadblock’s and checking driver’s license’s,insurance paperwork and vehicle safety compliance. Much of this uninsured would be found prior to causing damage and costing citizen’s who have insurance more increase’s in premium’s. It may also be an aid in solving the illegal immigrant problem.
Do you realize that the average jury award for bodily injury claims is over $320,000? (taken from the I.I.I website) Insurance is designed to pay for the unknown. As many times that people pay premiums and never have claims that amount to more than they paid in, there are those that do have claims that will exceed more than they will ever make 10X over. It is a double edged sword!!
Insurance companies take on risks that have only paid 2 months premium and have claims that exceed the $320K mark I mentioned earlier. It is great that most people do not have the same mental attitude as you or bodily injury claims would go unpaid or well underpaid by your interest bearing account.
I would be interested to know whether you work in insurance, or have ever been involved in an uninsured motorist claim. This day in age where we are supposed to allow our city officials take care of us, the blame should be put on them, as they are the ones letting these uninsured drivers go without properly penalizing them.
I think this article is bogus and so is the mandatory auto insurance. It\’s a big rip off. I pay high premium regardless and not to mention my credit scores are tied in with the premiums. I think the politicians are eating up our money again(greedy aren\’t we?), and it\’s not surprising, but hurtful to all of us.
I think everyone should be responsible for their actions.
Nothing in this story on the numbers of poor on food stamps due to mandatory auto insurance. A food stamp survey done by the Montana DPHHS, showed that 12% of the applicants said auto insurance was a reason for needing food stamps.The survey is at http://www.foodstampstudy.com That equals 30,000 over the last 20 years in Montana.
The clams made in these article are completely without basis. Firstly the statement that the accidents caused by uninsured drivers have to be recouped by insured drivers is just dumb and not how the system works. In this country you are responsible for your own actions and if you cause and accident you are expected to pay for the damages that you are responsible for. Insurance is only a system that we use to pre pay for the possibility of these incidences. In fact statistically drivers are involved in one auto incidence every thirty years and the majority of those incidences are minor. So if all insured drives stopped paying there insurance today and started paying towered an interest baring account they could statistically more than pay for any accidents and in the end many drivers (particularly those with good driving skills and records) would have much more money to cash out of the system. Witch brings me to my final point, if you pay for auto insurance for the entire span of you driving life and are involve in only a very few minor accidents totaling less the several thousand dollars than you have paid hundreds of times more than the cost of the damages. In fact the high cost of insurance is not to pay for uninsured drivers but to pay for the many high paid CEO’s and executives and as well as the price paid to many politicians to instate and verify mandatory insurance systems.
I beleive if State Troopers and area Law Enforcement had inspection’s as they did years ago by, setting roadblock’s and checking driver’s license’s,insurance paperwork and vehicle safety compliance. Much of this uninsured would be found prior to causing damage and costing citizen’s who have insurance more increase’s in premium’s. It may also be an aid in solving the illegal immigrant problem.
Do you realize that the average jury award for bodily injury claims is over $320,000? (taken from the I.I.I website) Insurance is designed to pay for the unknown. As many times that people pay premiums and never have claims that amount to more than they paid in, there are those that do have claims that will exceed more than they will ever make 10X over. It is a double edged sword!!
Insurance companies take on risks that have only paid 2 months premium and have claims that exceed the $320K mark I mentioned earlier. It is great that most people do not have the same mental attitude as you or bodily injury claims would go unpaid or well underpaid by your interest bearing account.
I would be interested to know whether you work in insurance, or have ever been involved in an uninsured motorist claim. This day in age where we are supposed to allow our city officials take care of us, the blame should be put on them, as they are the ones letting these uninsured drivers go without properly penalizing them.
I think this article is bogus and so is the mandatory auto insurance. It\’s a big rip off. I pay high premium regardless and not to mention my credit scores are tied in with the premiums. I think the politicians are eating up our money again(greedy aren\’t we?), and it\’s not surprising, but hurtful to all of us.
I think everyone should be responsible for their actions.
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Nothing in this story on the numbers of poor on food stamps due to mandatory auto insurance. A food stamp survey done by the Montana DPHHS, showed that 12% of the applicants said auto insurance was a reason for needing food stamps.The survey is at http://www.foodstampstudy.com That equals 30,000 over the last 20 years in Montana.