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My car was $1,500 and my insurance is ~$35. I'm lucky enough to be able to bother mechanics to teach me repairs though.
by majou 3y ago
My car was $1,500 and my insurance is ~$35. I'm lucky enough to be able to bother mechanics to teach me repairs though.
- vkou 3y agoIf you hit and seriously injure someone, that $35 insurance will not cover the multi-million dollar medical and legal and recompense bills. This can be a working strategy if you don't have a dollar to your name (whomever you hit won't be able to squeeze blood out of a stone), and never intend to have a dollar to your name, but is generally ill-advised for someone in the middle-class, who has money and assets to lose.
- nsvd 3y agoI also have the cheapest limited liability insurance money will buy. It's a cost-benefit gamble I'm willing to take.
- User23 3y agoNo lawyer is even going to bother to sue a judgment proof person like that. They're going to be happy to settle for whatever insurance offers.
- piperswe 3y agoJust about no auto insurance in the US will cover multi-million dollar bills - I know my insurance company maxes out at a $500k limit.