Why car insurance in America is too cheap

Re:Why car insurance in America is too cheap by bombcar on Saturday February 03, 2024 @05:04PM (#39245218)

These people usually have no assets.

They own nothing and are happy. Or in jail.

It’s called being judgement proof and basically lets you ignore civil penalties.

[ Parent | on HN ]

Re:Why car insurance in America is too cheap by selimthegrim on Saturday February 03, 2024 @08:12PM (#39246516)

Oh my God is this why the city of New Orleans doesn’t pay squat on judgments?

[ Parent | on HN ]

Re:Why car insurance in America is too cheap by ProllyInfamous on Saturday February 03, 2024 @09:15PM (#39246885)

A decade ago, I was "judgment proof" after a decade of drug dealing and general degeneracy... the person I was then allowed me to be the phenomenal asshole we are all capable of channeling: fuck you, I got nothing! "Blood from a stone."

Life is so much simpler, yet more satisfying, now that I've lived long enough to secure away a few assets. God willing, we'll all live long enough to not be the pieces of shit our youth/ignorance once allowed.

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I read the other day that 20% of male Millenials are currently uninsured.

[ Parent | on HN ]

Re:Why car insurance in America is too cheap by sokoloff on Sunday February 04, 2024 @04:25AM (#39248817)

I’d expect around that percentage to not even have a driver’s license.

[ Parent | on HN ]