This guy has a moral issue with insurance. Anyone else feel the same?

[Noclone]

http://finance.yahoo.com/news/first-...160200526.html

[brandon]

Wow it only costs him $80 to insure two vehicles?! I pay $300/month to insure one!


Insurance is great when it's used appropriately, as a way to mitigate risk. If you have any sizable amount of assets, or plan to accumulate them in the next few years, you would be a fool to drive without insurance. One accident could cost you everything you have. I think it's a good idea to require people to get insurance before they engage in activities that have a high chance of causing property damage or injury.

This comment summed it up :" "I have a problem with auto insurance"? You idiot, if you run into me and cause $250K of medical bills who is going to pay? So you don't mind if I confiscate your house and garnish your wages for the next 50 years? What an idiot..."

[thoughtomator]

Mandatory insurance is an institution of fascism, and a subsidy from owners of modest vehicles to those who own more expensive ones.

As a very careful driver who manages my own risk I highly resent having to share risk with people who talk on their phones or text or otherwise distract themselves while driving. I fully support their freedom to do those things as long as I'm not paying for it. The solution is not then to restrict their freedom, but to not force me to bear the burden of another's willingly taken risk.

I feel very similar about health insurance. Why am I forced to share risk with hypochondriacs, pill-poppers, and bug chasers? It's obscene and offensive to force me to pay for these things.

[Seraphim]

I have a problem with State mandated insurance - voluntary insurance can be awesome.

[123tim]

Mandatory insurance is an institution of fascism, and a subsidy from owners of modest vehicles to those who own more expensive ones.

As a very careful driver who manages my own risk I highly resent having to share risk with people who talk on their phones or text or otherwise distract themselves while driving. I fully support their freedom to do those things as long as I'm not paying for it. The solution is not then to restrict their freedom, but to not force me to bear the burden of another's willingly taken risk.

I feel very similar about health insurance. Why am I forced to share risk with hypochondriacs, pill-poppers, and bug chasers? It's obscene and offensive to force me to pay for these things.

I feel the same way except for different reasons....

I have a ton of things wrong with me that I'd like to get checked out but don't because I don't want to pay the mega expensive bills that I'd wrack up just because the Doctor sends you out for every expensive (and overpriced) test under the sun. Every part of a doctors exam is set up for people with insurance.

My wife used to work for an insurance company and they had a schedule of payment percentages that they would pay a Hospital. The insurance company never paid the full amount that the hospital charged.

I think that it's obscene that an insurance company pays less for a doctor than a person who is uninsured.

If there was no insurance, things would be a lot cheaper.

[mike6623]

Wow it only costs him $80 to insure two vehicles?! I pay $300/month to insure one!


Insurance is great when it's used appropriately, as a way to mitigate risk. If you have any sizable amount of assets, or plan to accumulate them in the next few years, you would be a fool to drive without insurance. One accident could cost you everything you have. I think it's a good idea to require people to get insurance before they engage in activities that have a high chance of causing property damage or injury.

This comment summed it up :" "I have a problem with auto insurance"? You idiot, if you run into me and cause $250K of medical bills who is going to pay? So you don't mind if I confiscate your house and garnish your wages for the next 50 years? What an idiot..."

[Simple]

I have never paid for medical nor dental insurance and maintained just the legal limit on my vehicles. I don't want to know that I'll be taken care of as much as I want to be free even if that means assuming responsibility.

[Noclone]

Wow it only costs him $80 to insure two vehicles?! I pay $300/month to insure one!


Insurance is great when it's used appropriately, as a way to mitigate risk. If you have any sizable amount of assets, or plan to accumulate them in the next few years, you would be a fool to drive without insurance. One accident could cost you everything you have. I think it's a good idea to require people to get insurance before they engage in activities that have a high chance of causing property damage or injury.

This comment summed it up :" "I have a problem with auto insurance"? You idiot, if you run into me and cause $250K of medical bills who is going to pay? So you don't mind if I confiscate your house and garnish your wages for the next 50 years? What an idiot..."

Sounds like you and the person you quoted both live by the rule of fear. I feel sorry for you. I agree with the other posters on this board. The message you missed was the "moral" issue with insurance companies. The first thing you jump into is 'Who is going to take care of me?' In the sense of 'How much money would I be paid?' Sad situation if you ask me.

[tfurrh]

I should be able to 'opt out' of any insurance mandated by the gov't (state or federal).

[Tod]

Mandatory insurance is an institution of fascism, and a subsidy from owners of modest vehicles to those who own more expensive ones.

As a very careful driver who manages my own risk I highly resent having to share risk with people who talk on their phones or text or otherwise distract themselves while driving. I fully support their freedom to do those things as long as I'm not paying for it. The solution is not then to restrict their freedom, but to not force me to bear the burden of another's willingly taken risk.

I feel very similar about health insurance. Why am I forced to share risk with hypochondriacs, pill-poppers, and bug chasers? It's obscene and offensive to force me to pay for these things.

No matter how careful you are, things happen, and that is why insurance was invented. I used to work with a guy who was driving along, entered an intersection, and suddenly blacked out (no history of this problem). Fortunately, he was fully insured and was able to cover the considerable damage he had caused to others.