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Impureclient · 10-12-2017, 10:17 AM

Yeah insurance is one of the worst scams of all time. Sucks to put all that money in over time and have some bozo 17 year old take that all away in a split second. In a real at fault negligent and not just a blown tire/slick road type of accident, the person at fault really should have to take more of a hit on the outcome. This kid just has to possibly lose his car too if it was damaged similarly, that his parents probably paid for, and maybe pay a little more each month for insurance for a couple years. That is if he even had the insurance of his own in the first place and it wasn't his parents coverage taking care of all this.

We pay the same amount of money to cover a brand new car each month and 5 years later, it's the same each month. I know we are mainly paying for the liability on an accident occurring and the value of the car isn't as important.
The cost to repair mostly stays the same in the 5 year period too. Where we get screwed on is as time goes by what they will pay out for a total loss becomes less and that's where they get us. The monthly payment really should slowly decrease to make up for that loss of value though to be fair. Especially if there were no accidents.

They should reward people for not getting in accidents. As in this case here, he makes it almost to the end of paying off the loan and instead of finishing it out and having a nice well taken of car, he only gets back what some shmoe would get for the same car that was beaten and driven to death. Most of this is our fault though as a consumer. If we all weren't in a rush to go out and buy a new car every couple years, the used ones we have would keep their value better. And if that was the case, if it was totaled out 5 years after we bought it, our pay out wouldn't be half of what we originally paid but a more reasonable amount for what is in reality a car with lots of life left in it that probably still is in newer condition.

My last dd car, not counting work trucks/vans, I bought before the FRS is still in the garage and my son now drives it. It's 19 years old and still is in 90-95% condition. I'll probably do the same with the FRS and get my moneys worth from it too. The future of self driving cars may ruin the fun of controlling the car but with almost no accidents on the roads any more, we will probably see vehicle ownership lasting much longer. Which means cars will dramatically increase in price to make up for it. It will be interesting to see what insurance companies do to make up for this huge loss in income due to less accidents.

10-12-2017, 10:17 AM	#12
Impureclient Banned Join Date: May 2015 Drives: 2015 FR-S Location: NPR, Florida Posts: 2,404 Thanks: 1,802 Thanked 2,903 Times in 1,282 Posts Mentioned: 25 Post(s) Tagged: 2 Thread(s)	Yeah insurance is one of the worst scams of all time. Sucks to put all that money in over time and have some bozo 17 year old take that all away in a split second. In a real at fault negligent and not just a blown tire/slick road type of accident, the person at fault really should have to take more of a hit on the outcome. This kid just has to possibly lose his car too if it was damaged similarly, that his parents probably paid for, and maybe pay a little more each month for insurance for a couple years. That is if he even had the insurance of his own in the first place and it wasn't his parents coverage taking care of all this. We pay the same amount of money to cover a brand new car each month and 5 years later, it's the same each month. I know we are mainly paying for the liability on an accident occurring and the value of the car isn't as important. The cost to repair mostly stays the same in the 5 year period too. Where we get screwed on is as time goes by what they will pay out for a total loss becomes less and that's where they get us. The monthly payment really should slowly decrease to make up for that loss of value though to be fair. Especially if there were no accidents. They should reward people for not getting in accidents. As in this case here, he makes it almost to the end of paying off the loan and instead of finishing it out and having a nice well taken of car, he only gets back what some shmoe would get for the same car that was beaten and driven to death. Most of this is our fault though as a consumer. If we all weren't in a rush to go out and buy a new car every couple years, the used ones we have would keep their value better. And if that was the case, if it was totaled out 5 years after we bought it, our pay out wouldn't be half of what we originally paid but a more reasonable amount for what is in reality a car with lots of life left in it that probably still is in newer condition. My last dd car, not counting work trucks/vans, I bought before the FRS is still in the garage and my son now drives it. It's 19 years old and still is in 90-95% condition. I'll probably do the same with the FRS and get my moneys worth from it too. The future of self driving cars may ruin the fun of controlling the car but with almost no accidents on the roads any more, we will probably see vehicle ownership lasting much longer. Which means cars will dramatically increase in price to make up for it. It will be interesting to see what insurance companies do to make up for this huge loss in income due to less accidents.