This question was posed to me by a mentor who was giving me advice not to worry so much about what might happen. Which brings me to my topic, car insurance. I heard a report today that there were only 29,000 injuries in the US as a result of a car accident. So, figure if they conservitively, and I mean conservitivly settled for 1m a peice, that is 29b, now in most cases they settle for far less, probably averaging 50k a settlement, including repairs and medical. My question is what is the insurance industry doing with the other 321Billion they take in? Really think about it, for every instance of driving that you have what is the real percentage of accidents? It is statistically insignificant and should not warrant mandetory insurance for safe drivers. They should take those profits and make insurance rates equal to what they need for payouts, which is about $20 a month per driver. BTW, do you need saber tooth tiger insurance?
2007-01-31
05:05:26
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5 answers
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asked by
dolphinparty13
2