Hey.
I had some basic questions about auto insurance and I guess insurance in general, that I guess are so basic I cant figure out the assumptions o.O
My friend has been paying for auto insurance for years without any accidents. So if he stops driving completely why cant he get his money back??!!
That's thousands of his dollars paid for absolutely nothing??!! It just seems like a blatant societal scam to me. The insurance company pretty much stole thousands of his dollars in my eyes, now that there's no risk of him damaging another's life or property with a car.
I've read about car insurance refunds, all I can see is that you can get refunded for prepaid insurance...So you paid for a years worth, sold your car at 3 months you get 9 months refund.
Edit: I am not suggesting the Government take over auto insurance lol its just a discussion, I want to know what I'm fully getting into before I buy a car.
I had some basic questions about auto insurance and I guess insurance in general, that I guess are so basic I cant figure out the assumptions o.O
My friend has been paying for auto insurance for years without any accidents. So if he stops driving completely why cant he get his money back??!!
That's thousands of his dollars paid for absolutely nothing??!! It just seems like a blatant societal scam to me. The insurance company pretty much stole thousands of his dollars in my eyes, now that there's no risk of him damaging another's life or property with a car.
I've read about car insurance refunds, all I can see is that you can get refunded for prepaid insurance...So you paid for a years worth, sold your car at 3 months you get 9 months refund.
Edit: I am not suggesting the Government take over auto insurance lol its just a discussion, I want to know what I'm fully getting into before I buy a car.
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