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Car insurance – Is car insurance a veiled scam?

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Is car insurance a veiled scam

Is car insurance a veiled scam?

Car insurance – I’ve wondered this too. I certainly believe it is a scam. Your paying for a service that you may or may not need and even when you do need it they make it difficult for you to claim anything and simply up your premium to cover the cost anyways. On top of this they will fight you for every penny they have to pay out and try to cut costs in anyway they can on getting you the repairs you need.

I had 1 minor accident (5mph collision at a stop sign) where I was at fault (and honestly it was BS because the lady in front of me turned right and then decided she wanted to go left so she stopped halfway in the lane on my right at the intersection meanwhile I had to look left for oncoming traffic. so when I started creeping forward she was right freaking there twiddling her thumbs just sitting halfway in the lane…).

Since then With the amount of money I pay in premiums I could buy a used car every year. 2800$ a year Its absolutely ridiculous and far exceeds the amount it costs to repair both cars. Every 3 years I just about pay off my 7 year old used car’s full value.

THE MOST IRONIC THING IS THAT I NOW CANT AFFORD TO FIX MY CAR BECAUSE OF HOW MUCH I PAY IN PREMIUMS AND DEDUCTIBLES. SO WHATS THE FREAKING POINT???

If I didn’t have to pay this stupid insurance policy I would have had my car repaired already. Luckily it’s just cosmetic damage so I’ve been fine just driving around like this. And I don’t drive a fancy car it’s solely because I live in NJ and am a young Male with a single accident on my 11 year driving record that my rates are so high.

The fact that it is required by law makes it more of an infuriating tax than anything else. So fml right? And there’s nothing we could do about because insurance companies are big money and they fact they have managed to get there business to be required by law shows just how much power they really have. They have the government bought

 

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