Why car insurance in America is too cheap

Re:Why car insurance in America is too cheap by cmilton on Saturday February 03, 2024 @01:40PM (#39243339)

While I understand the idea, who would buy these properties they likely may want to sell to escape these rising costs?

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Re:Why car insurance in America is too cheap by sokoloff on Saturday February 03, 2024 @03:43PM (#39244542)

For $1 each, lots of people. Price will find buyers.

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Re:Why car insurance in America is too cheap by whimsicalism on Saturday February 03, 2024 @01:46PM (#39243395)

for long standing communities, ideally the government would offer voluntary buyouts if they can’t find someone willing to cover the insurance premium.

they already do the same in flooding zones.

but yes, people who live in fire-prone areas may take a loss. encouraging people to anticipate these losses is part of a functioning market. if they can live somewhere risky without financial risk, we only encourage future people to do the same.

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Re:Why car insurance in America is too cheap by abigail95 on Saturday February 03, 2024 @02:06PM (#39243598)

me, i'll take discounted land in california any day of the week.

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