View unanswered posts | View active topics It is currently Tue Jun 19, 2018 12:50 am



Reply to topic  [ 6 posts ] 
 Eric's Autos: Insuring the Driver Not the Vehicles 
Author Message
Formerlly simesxb2

Joined: Sun Feb 27, 2011 1:26 pm
Posts: 2642
Images: 1
Location: Ohio
I thought this was interesting.

Eric Peters
Mandatory car insurance is a pretty hateful concept - a form of prior restraint that says, in effect, because you may cause injury you must be insured against the possibility. Even though millions of people go a lifetime without ever actually causing anyone any injury, they suffer the certainty of paying, year in and year out, fees to the insurance mafia - backed by the ever-present billy club of the state. Over 20 or 30 years, the sum lost can easily run to $20,000 or more. Out the window - and into the pockets of the insurance mafia.

That's bad. Worse, though, is this business of forcing people to purchase insurance coverage on every vehicle they own - even though (so far as we know) a person can only drive one vehicle at a time. Wouldn't it be more reasonable to insure the driver?

After all, cars don't drive themselves - yet. Until the driver gets behind the wheel, they're inert. If he's driving one, he can't be driving another. Which means, he can't cause injury or damage with the vehicles not being driven. Thus, even the odious prior restraint argument so beloved by Clovers doesn't hold water.

So why - in effect - tax him multiple times? Why compel him to pay for coverage that, by definition, is unnecessary? This question answers itself, of course. It's because of the money to be made by the insurance mafia. Each car equals a ka-ching.

Sure, the insurance mafia will usually give you a "multiple vehicle" discount - but you're still paying for multiple vehicles. Which means, you're paying a lot more than you would if you only had to insure yourself.

It's a particular burden on the car (and bike) hobbyist/enthusiast, who may have three or four (or more) vehicles. Typically, only one is the "daily driver." The others go out occasionally. Some sit for months on end - as in the case of motorcycles during the winter. Others may be temporarily inoperable while they undergo repairs. But even so - in many areas - The Law, friend of the insurance mafia - says all vehicles must be registered - or else they're subject to seizure as junkers or derelicts by the polizei. There have even been cases of on private property, out-of-sight, in the backyard or garage - but unregistered - vehicles being threatened with seizure or actually seized by the local thug scrum.

And naturally, The Law also typically says that any registered vehicle must also be insured.

Failure to comply can bring down onerous retribution - especially as regards the mandatory insurance coverage. Even if the vehicle never leaves your driveway, it better be insured - or else. It's pretty outrageous.

A reasonable - and so, fair - system would insure the driver, not his vehicles. Base his premium on his individual risk profile - based on his particular history of causing accidents and incurring losses - as opposed to the group-guilting that is typical today. You know: You're single, male - and under 30. So even though you have never caused an accident or cost the insurance mafia a penny, the fact that other under-30s have been involved in accidents (for whatever reason) becomes the pretext for higher-than-usual premiums for you.

Or, because you're over 60. Or you own a "sporty" car. There are numerous pretexts - none of which, of course, have anything to do with something you've actually done. Just something you might do. Enter prior restraint - and fat fees. Multiple fees.

Insuring the driver rather than the car would probably cut the typical multi-vehicle owner's insurance costs by one-third to one-half, depending on how many vehicles he is currently forced to insure. And there would be no "losers" - except, of course, the insurance mafia. People would still be covered.

And if people could say no . . . as in "No thanks, I'll pass. Your premiums are too high. I think I'll set aside some money for just-in-case instead" - insurance costs would plummet. Because the insurance mafia would no longer be a mafia. Because it could no longer use force against its "customers." Instead, it would have to rely on peaceful persuasion - on offering people a good deal. Something they actually need - as measured by their willingness to pay for it. But we can't have that, can we?

Prior restraint - and government-backed shakedowns - is infinitely preferable to peaceable free market interactions. From a certain perspective, of course.

========

www.ericpetersautos.com or EPeters952@aol.com for comments.

_________________
God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Wed Sep 12, 2012 6:28 am
Profile YIM WWW
Chapter Peep

Joined: Sat Feb 26, 2011 2:39 pm
Posts: 134
Location: New Jersey
While I think that sounds like a great plan, there are flaws. Not all cars are equal. So yea, you can insure the driver, but what if two drivers with the same record, 10 year clean driving record...no accidents, no tickets, etc drives a $20,000 Honda and another with the same record drives a $75,000 Audi. Should they be charged the same?

Insurance companies don't just consider the car when charging you. They consider the car, the cost of the car, the driver, your address (some areas have more accidents than others), etc.


Wed Sep 12, 2012 1:58 pm
Profile
Formerlly simesxb2

Joined: Sun Feb 27, 2011 1:26 pm
Posts: 2642
Images: 1
Location: Ohio
This is why it is always good to review and compare insurance companies on a regular bassis. We recently did this and saved over $500.00 a year. I don't agree with everything in the article either but thought it was a good read and wanted to share it. Insurance by its very design is a rip off. You pay endless premiums and might not ever need to file a claim and if you do have to file a claim the insurance company either triples your premium or drops you like a rock. Just another imperfect piece of the puzzle we call life.

_________________
God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Wed Sep 12, 2012 7:31 pm
Profile YIM WWW
Site Admin
User avatar

Joined: Sat Feb 26, 2011 10:42 pm
Posts: 1012
Images: 3
well i think if you took all the illegal drivers off the roads and illegal immigrants then that would solve some of the issues right there.. :rofl oh and my sister.. she is deaf

_________________
Dance as if no one were watching, Sing as if no one were listening,
And live every day as if it were your last.


Wed Sep 12, 2012 9:07 pm
Profile
Formerlly simesxb2

Joined: Sun Feb 27, 2011 1:26 pm
Posts: 2642
Images: 1
Location: Ohio
You know what still bothers me? Brail at the ATMs...

_________________
God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Thu Sep 13, 2012 4:48 am
Profile YIM WWW
Site Admin
User avatar

Joined: Thu Feb 24, 2011 8:22 pm
Posts: 129
Images: 0
A couple of issues with insuring the driver and not the vehicles... the thought of it works in cases of collision (for the most part), but not really on comprehensive. Think of acts of vandalism or flood. Someone could have two cars damaged in a flood, but would only be paying for one.

And when it comes to upcharging based upon risk, it is based upon statistics. Guys under 25 years old driving a sporty car ARE more likely to cause an accident than a 40 year old mom in a soccer mom (even though they drive like crap, too). Because the people that are more likely to exhibit risky behavior are paying more, than those that are more likely to drive carefully pay less (but probably still too much :p).

I'm currently very happy that insurance is around and mandatory since someone decided to cause an accident and total my new car and has given me what is likely a good amount of doctors' bills. But, I'll still complain about paying for it because that's how I roll.


Mon Sep 17, 2012 9:11 pm
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 6 posts ] 

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software for PTF.
Team ScioNRG is an enthusiast organization that is NOT affiliated with, authorized by, or sponsored by Scion or Toyota Motor Corp.
Copyright date 2004 Team ScioNRG LLC & scioNRG logo is a registered US trademark.