Well, no, it’s all of us, because of how insurance works. Payouts go up, premiums go up. As long as the number of destroyed Teslas is a drop in the ocean we won’t notice, but lots of companies love a good excuse to put prices up and this is just handing them a gold plated excuse on a silver platter.
Just a reminder that insurance is a scam. You are compelled to pay for it under penalty of law in the case of car insurance, and the insurance companies do everything possible to maximize their profits, being for profit companies. What this means in general is that people pay more into insurance than they ever get out. If they didn’t the insurance companies wouldn’t make a profit. The money you pay isn’t going into some huge fund that supports everyone who pays for it. If it doesn’t go to paying out claims now it goes straight to the insurance executives, or investors, or to “lobbying” politicians to keep the racket going. The day you stop paying out you get fucking nothing. All that money is just gone, for the pleasure of maybe having your claim paid out if your insurance company can’t weasel their way out of paying. Insurance is a scam, a bunch of penny pinching middlemen draining the world of human productivity and effort for their own benefit and nothing else. Any benefit a particular individual happens to get is a loss to be minimized to them.
I think the approach in Australia is a bit better - bodily injury coverage is provided by the state and is part of the registration fee for the car.
It’s not perfect and only covers injuries to people, and does not cover repairing cars (you need to get separate insurance from an insurer for that) but it’s a good first step I guess. It means that as long as your car is registered, medical costs for both you and anyone you hit are covered.
Well, no, it’s all of us, because of how insurance works. Payouts go up, premiums go up. As long as the number of destroyed Teslas is a drop in the ocean we won’t notice, but lots of companies love a good excuse to put prices up and this is just handing them a gold plated excuse on a silver platter.
Just a reminder that insurance is a scam. You are compelled to pay for it under penalty of law in the case of car insurance, and the insurance companies do everything possible to maximize their profits, being for profit companies. What this means in general is that people pay more into insurance than they ever get out. If they didn’t the insurance companies wouldn’t make a profit. The money you pay isn’t going into some huge fund that supports everyone who pays for it. If it doesn’t go to paying out claims now it goes straight to the insurance executives, or investors, or to “lobbying” politicians to keep the racket going. The day you stop paying out you get fucking nothing. All that money is just gone, for the pleasure of maybe having your claim paid out if your insurance company can’t weasel their way out of paying. Insurance is a scam, a bunch of penny pinching middlemen draining the world of human productivity and effort for their own benefit and nothing else. Any benefit a particular individual happens to get is a loss to be minimized to them.
I think the approach in Australia is a bit better - bodily injury coverage is provided by the state and is part of the registration fee for the car.
It’s not perfect and only covers injuries to people, and does not cover repairing cars (you need to get separate insurance from an insurer for that) but it’s a good first step I guess. It means that as long as your car is registered, medical costs for both you and anyone you hit are covered.
In France, most insurance companies are mutual and not for profit. (Basically a communist hellhole!)