115

Why not only have the drivers insure their car and then let everyone purchase separate insurance for injuries? Because people are irresponsible, cheap and bankrupt. And cars are dangerous 1.5 ton weapons. If you lose control of your car and hit a group of people then you as the driver are liable. You also are totally unable to meet that liability and ...


101

Negotiation 101, never be the first to say a number. You tell them you have a $300,000 limit and magically they want $300,000. Alternatively, they may just assume you carry the minimum.


80

The answer is YES. The responses saying no are so wrong it isn't even funny. How do I know - I used to do tech work for a repair shop and saw all of the inner-goings. A shop is a preferred shop because they will repair the car basically as cheaply as possible. They have to abide by certain things or they will lose their "certified repair shop" status. ...


61

I think I understand where JonathanReez is coming from owing to the fact that the Canadian province of British Columbia, along with Saskatchewan, Manitoba, and Quebec have nationalized car insurance. So one can make a comparison to single-payer healthcare. Everybody pays the government for health insurance. If you slip on a rug at home the government pays ...


57

It isn't just GEICO that tells you this, every US car insurance company instructs their customers to not mention the amount of coverage. Your job is not to negotiate. Your job is to collect the specified information and to hand the claim process over to the insurance company. That is also why they tell you not to admit fault. When you start discussing the ...


48

To expand on riya’s answer... When the other driver is at fault, their insurance is the one responsible for covering any claims. You have 3 broad choices at this point: Pay out of pocket for your repair and skip any claims. Claim against your insurance, get your repair covered, and let them process the claim against the other person’s insurance. Submit a ...


36

If the loan is unsecured, then you own the car. If the loan was secured on the car, and you lost, sold or destroyed the car, you would have to repay the loan. Since it's not, you get to keep the debt until you pay it off, regardless of whether you still have the car or not.


27

In general leasing requires you to have an insurance policy that meets certain criteria (such as the policy being comprehensive). However, in the event that the vehicle is written off the insurance company will give you (their belief of) the value of the vehicle at the time, less any excess, whereas the leasing company will expect you to give them (their ...


20

You must pay every dollar of the value of the car as agreed to on the lease. Period. Some people carry insurance. This insurance will pay out based on the insurance policy. The usual default is that the insurance will buy you a non-smashed used car of comparable make, model, age and trim options. Minus any deductibles. Note that these are two ...


16

OP, on closer examination, you seem to be saying: If you want insurance, buy it out of pocket. Makes sense to me as opposed to only targeting motorists. You are simply calling for eliminating the idea of liability. Example, I have a factory, it explodes, and your nearby house is damaged. The J.R. solution is "why target factory owners for the cost?" ...


16

1) The insurance company is normally obligated to return your car to the condition it was before the accident. It is between the insurance company and the repair company to decide which is cheapest. They are very good at "welding" plastic nowadays (edit: don't trust me, see other people's comments about welding), my bumper repair looks as good as new. Make ...


14

The limits of your coverage are completely irrelevant to anything you might do in a situation where your liability coverage is in play. More directly, there is nothing at all for you to gain from providing this information. Another way to look at the question is "why would you want to reveal this information?". There probably isn't much downside to it for ...


12

I think you may have a fundamental misunderstanding of how insurance works and the value of it (assuming you are in the US). The Government doesn't pay out insurance claims from private insurers. It is also decidedly not a scam, but rather a way to buy down financial risk. Every state has guidelines for the minimum level of insurance you must carry to drive ...


12

You own the car. The insurance company wants to know: leased, financed, or owned; so they know if they have to inform the "lender" that you have insurance, and let the lender know the amount of insurance. The lender wants to know that their collateral is being protected. The insurance company may need to contact the lender if you make a claim so that the ...


11

Disclaimer: this is how such things work out in my experience in Germany. US may be different, but my answer may nevertheless give you some ideas what to ask. Ask your insurance how to proceed. (if it's purely the other side's fault, see the other answers: that's nothing to do with your liability insurance) I'll tackle this part, which is relevant only if ...


10

In India, we have the concept of breaking the car insurance into two parts: (A) liability or only third party coverage (mandatory) (B) own-damage coverage (optional) In case you (the first party) cause an accident and somebody else (the third party) is hurt, then you have to pay all expenses because you are responsible; but by taking (A), it is the ...


8

There are many secondary out of pocket costs associated with dealing with a major automobile accident and injury that you will eat if you are in an accident with an uninsured driver. Even in the best of cases people are unlikely to made completely "whole" after a major accident, but with an uninsured driver it is guaranteed. Depending on how you believe ...


8

Auto insurance prices vary heavily between regions/states of the US, as the laws and regulations not only differ but so do the rate of claims and losses, nature of competition in each market, etc. The only way to define a good rate or a bad rate is to get competing quotes from other companies. With the internet this has become much easier and less time ...


8

if the other driver is at fault, then you should certainly file the claim as there will be no deductible.


7

They are separate products Auto insurance is internally split into 3 products: Personal liabilty and bodily injury - this insurance covers the fact that operating cars is dangerous. It covers whatever damage you may cause to other stuff you hit Collision - covers damage to your own car caused by driving, i.e. you hitting something. Without it, no one ...


7

“Car insurance” is really insurance against liability for damages you cause to others and their property by operating your car. The name might have led you astray but this is really a very specific insurance and the only one that's mandatory in many countries, no confusion here. By contrast, insuring your car typically isn't mandatory, it really is a ...


7

Maybe their underwriters have decided they are over-exposed in your area, or demographic (by age, occupation, whatever). Maybe they are trying to scale back their operation overall. Maybe you being a year older puts you in a different bucket, as far as their risk analysis goes. And so on and so on. Mass-market insurance is so risk-model-driven these days, ...


6

While Rozwel covered some basics in their answer, there's some other things to consider Is the liability disputed? I had a woman hit me (construction zone with poorly delineated lanes) and she claimed I hit her. In this case, I had no choice but to file a claim against my insurance (her insurance tried to claim against mine but was not successful). I had ...


5

There is additional insurance "GAP". It will pay the rest to buying price. My friend after totalling his few years old Audi got interesting offer - received current value of the car counted by insurer as he left them wreck to be sold in their auction - normally they will even substract remaining value of often "useless" the wreck (he bought similar newer ...


5

All forms of insurance create perverse incentives to bill for as much as possible instead of competing on price. That's why auto glass repair shops often advertise that they will give you cash back if your insurance covers the repair. They bill so much more than their actual cost that they can afford to give you $100 cash and still turn a profit. This is ...


5

If you know how much money is available, you could be more willing to spend it. You might accept an expensive optional test that you would have skipped if you were paying for it. There's no upside to the other party knowing how much insurance you have. It's only going to lead to higher costs.


5

In my state (in US), once the lawyers get involved, the parties involved are legally required to release insurance coverage info upon formal request. Further, if it goes to trial, the jury is not allowed to know the amount of insurance.


5

Answer primarily for Germany, then comparison with what I gather about mandatory car insurance in BC (feel free to correct me). To me this doesn't make much sense, as in theory car insurance and disability/health insurance should be two completely separate products. I think what is slightly misleading is that the car insurance is named after what creates ...


5

In the UK, if you damaged my car, I would inform my insurance and leave it to them. They will send someone out who checks what repairs need doing, they can do the repairs for me, give me a courtesy car while I'm waiting for my car, and send the bill to your insurance. Or since you don't have insurance, they send it to you. What they are not going to do is ...


5

I am sorry for your loss and the most important thing is to remain calm during this difficult time. The tone of your question suggests that there might be an adversarial relationship with the boyfriend. "All the money" is a vague term. So let us break it down a bit. The car: My assumption is that the car was totaled. So first, the insurance company ...


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