no more car insurance, good or bad?

[reed dollaz 10+ year member]

coming in october, motorists will have the choice to give up auto insurance. you no longer have to pay if you dont want to. just like a motorcycle rider has the choice of either insurance, or wear a helmet. if an accident occurs, what i hear is that you can sue the person, and they put a lean on your property. im still searching for a better news source online, but i heard this from 4 different people within the past week. voice your opinion, if you have a source for this story. post it.

Click to read more...

 

[rtillaree 10+ year member]

i've heard nothing, and im an insurance claims manager for a major company...news must travel slow in the biz...

also, it's horrible...

 

[reed dollaz 10+ year member]

i dont know if i thourougly belive it. i think its a bad idea.. what would happen to all the money youve paid for insurance if you decide not to pay anymore?

 

[rtillaree 10+ year member]

i dont know if i thourougly belive it. i think its a bad idea.. what would happen to all the money youve paid for insurance if you decide not to pay anymore?

the same thing that would happen if you never filed a claim...nothing...insurance is in-case, not a savings investment...

 

[Louisiana_CRX 5,000+ posts]

what state is that....What sux is paying insurance on 8 vehicles when you don't drive but one....

 

[docutech 10+ year member]

Yea, I would like to see some credible notes on this.

Despite the temptation to save money, I wouldnt ever be without insurance on my rides. Out of pocket expenses would get pretty outrageous without insurance.

 

[docutech 10+ year member]

what state is that....What sux is paying insurance on 8 vehicles when you don't drive but one....

Big Balllaaa! //content.invisioncic.com/y282845/emoticons/fro.gif.c695f1f814b01c4ad99fe7f8cccadd29.gif

 

[donpisto 5,000+ posts]

IF true, which i doubt, its stupid.

 

[rtillaree 10+ year member]

the main question is how do they get major automobile manufacturers and auto lenders to sign off on something like this? it's not even possible...

ABC bank wont give out a loan to someone who doesn't carry insurance on their mutual property...they stopped those good faith loans back in like the 60's...

 

[Captain_Ahab 5,000+ posts]

It ain't gonna happen.

 

[Prowler573 5,000+ posts]

reed dollaz needs to go to each and every one of the people he heard this lunacy from and slap them lopsided.

It's BS.

Not gonna happen.

/thread

 

[QtrHorse 10+ year member]

I believe in some states, you do have the option to go w/ out insurance. The down side to this is that you have to show proof of some kind of ungodly amount of $$ to pay for anything that you may be liable for. The company I work for is self insured but has to show proof of having something like one million dollars available. I'm not certain on the amount of money, so don't quote me on it but it is a lot.

 

[jdawg 5,000+ posts]

the option is already there in WV

 

[faulkton 5,000+ posts]

insurance is racist.

Requiring it is nothing more than a legal method of hassling the poor and minorities.

 

[neonrt 10+ year member]

That is the utmost most retarded idea ever ...

why? if people are dumb enough to not get it, its there own fault. it could lower insurance rates as well. given that there is an option to not have it, insurance companies would be forced to get more competitive with their pricing.