Re:Why car insurance in America is too cheap
by nothercastle on Sunday February 04, 2024 @11:15AM
(#39251459)
It makes no sense to self insure like you said. You would get totally screwed in any split risk decision
It makes absolutely no sense for me to post a bond for such a small amount when I can get ~10x the coverage, plus all the claims handling, for $1200/yr for two cars and two drivers.
It would make sense if I was a business who had hundreds of cars or some other weird corner case perhaps, but regular people who could afford to post a bond have a better option in the insurance market.