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A comment on Why car insurance in America is too cheap. Parent comment

Re:Why car insurance in America is too cheap by anfilt on Saturday February 03, 2024 @07:59PM (#39246428)
Yea but if the costs of accident exceed that bond you still have to cover it if your at fault.

Plus most medical expenses quickly will exceed those bond values these days. Maybe decades ago if you had a lot money to just set aside getting no interest on it it may have made sense.

However the costs of medical and even cars today make it quite a risky proposition

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Re:Why car insurance in America is too cheap by seanmcdirmid on Saturday February 03, 2024 @08:01PM (#39246434)
Laws haven’t kept up with rising costs, so the amount of coverage you are required to have in most states won’t cover the average accident, let alone catastrophic ones. Same with the amount you have to bond for.
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Re:Why car insurance in America is too cheap by kube-system on Saturday February 03, 2024 @09:05PM (#39246827)
That's not any different than with car insurance. If the costs of a car accident exceed your limits you have to pay it too.
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