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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 kube-system on Sunday February 04, 2024 @01:03AM (#39248002)
Being expensive is not so much an issue as it is buying a car that will depreciate faster than it can be paid for, because that's how people get in over their heads.

It's not just expensive cars, people are putting tiny down payments on cheap new cars financed for long terms and they're under water for years.

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Re:Why car insurance in America is too cheap by swozey on Sunday February 04, 2024 @12:22PM (#39252200)
Not everyone buys a car to sell their car though. Some of us buy vehicles to keep, collect, race, trade, etc. I could not care LESS what the value of my 2 sports cars is in 15 years unless it soars to the moon for some reason and I become a millionaire.

This isn't /r/frugal fwiw.

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Re:Why car insurance in America is too cheap by kube-system on Sunday February 04, 2024 @11:16PM (#39257245)
I know, I have a few vehicles without plates in my garage :)

I’m talking about the people buying cars for transportation who are in a financial situation for which GAP insurance might be a concern.

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