Is no fault insurance the biggest scam there is, or what?

[halik]

What a worthless piece of sh!t legislation that is. My brother got tboned by some dumb fat b!tch that can't drive and guess who bears the costs of the accident ... my bro.

I absolutely love how under no-fault *you* are the one that gets fvcked when other people screw up. If you don't have collision and some asshat hits you, you're limited to $500 from small claims court. Amazing!

So all in all, my brother took about a $4K loss all thanks to a fat bitch that apparenly has problem seeing bright red automobiles. I'm glad that the $1200/yr he pays for insurance did him all that good.

:|:|

wrecked tsi

more

pinched quarter panel

 

[iamwiz82]

I assume he only had PLPD?

 

[j00fek]

what state is this in? i thought your insurance would cover other drivers w/out?

 

[jrenz]

Originally posted by: halik
What a worthless piece of sh!t legislation that is. My brother got tboned by some dumb fat b!tch that can't drive and guess who bears the costs of the accident ... my bro.

I absolutely love how under no-fault *you* are the one that gets fvcked when other people screw up. If you don't have collision and some asshat hits you, you're limited to $500 from small claims court. Amazing!

So all in all, my brother took about a $4K loss all thanks to a fat bitch that apparenly has problem seeing bright red automobiles. I'm glad that the $1200/yr he pays for insurance did him all that good.

:|:|

Yes, Michigan is lame. Fortunately, you can now get a concealed carry license.

I'm not trying to allude anything, but hey.

 

[halik]

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

 

[PlatinumGold]

how is it a scam? who is scamming him? the state?

if i recall, he pays less because it's no fault, it's not states problem he choose not to get decent coverage. :roll:

 

[iamwiz82]

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

 

[Vette73]

And people whonder why so many have "whiplash" and "strains" after a accident.


Ohhhh... my neck, my back.... my neck and my back Ahhhh!!!! the pain!!!


But yea I never understood no fault insurance. Heck why even buy insurance, its nobodys fault if you get in a wreck right.

 

[acemcmac]

Wow... "no fault" is stupid

 

[halik]

Originally posted by: iamwiz82

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

1 point - speeding ticket 4 months ago or so. The insurance and car are in his name and he's 20.

 

[Lola]

Trust me, no fault is a good thing... I could tell you several instances that you would be thanking your lucky stars that you live in a no-fault state.
edited for bitchiness...
please see post further down.

sorry.

 

[venk]

I think Michigan is the last state in the Union with that scam "no fault" policy going on. Basically it means that if you are sitting in a parked car and someone rear ends you, then BOTH of your insurance premiums get jacked since it was "no ones fault". :|

Good deal for stupid drivers, but horrible for everyone else and a coup de tat for insurance companies since they basically get to charge EVERYONE the "bad driver policy". :|


btw, why did your brother not have collision? No fault/at fault, whatever, insurance without collision is pointless.

 

[FelixDeCat]

They tried and failed to pass this scam in Texas. Damn liberals.

 

[halik]

Originally posted by: PlatinumGold
how is it a scam? who is scamming him? the state?

if i recall, he pays less because it's no fault, it's not states problem he choose not to get decent coverage. :roll:

It's a scam because it makes responsible, good drivers pay for fvckups, which ultimately brings more revenue to the insurance companies. In an efficent scenario, you'd want an incentive for the bad drivers to carry full coverage.

Say of all the driver population, 25% are bad drivers that tend to cause accidents. You can either
a) Have the bad drivers carry more protection because they are responsible for accidents
b) Have the good drivers carry more protection because ???

In scenario a), 25% of drivers have high cost coverage. In scenario b) 75% have high cost coverage. Which one do you think the insurance industry would prefer?

I mean it's really simple logic - if YOU cause an accident, YOU'RE the one that should be paying for it.

 

[jrenz]

Trust me, no fault is a good thing... I could tell you several instances that you would be thanking your lucky stars that you live in a no-fault state.

You may believe that.... but for those of us who know how to drive (men), it is not a good thing.

 

[fitzov]

The idea behind no fault is that the insurance companies save money by not having to sue each other in court. This is supposed to reduce the cost of insurance.

I agree the idea is sort of lame. In principle, if it is not your fault, you should be reimbursed from the other guy's insurance company--that's why insurance is mandatory in the first place.

 

[halik]

Originally posted by: jrenz

Trust me, no fault is a good thing... I could tell you several instances that you would be thanking your lucky stars that you live in a no-fault state.

You may believe that.... but for those of us who know how to drive (men), it is not a good thing.

OH SNAP!

 

[TankGuys]

The point of no fault was that it saves all the associated fees in litigation and investigation to determine who was at fault. Yes, there are many accidents where it's pretty clear who was at fault, but others are a bit harder. Even if it seems obvious, the at fault party may try some crazy legal argument to weasel out of it, which just costs everyone more money.

That's the theory behind it anyway

 

[Xyl3ne]

Originally posted by: iamwiz82

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

Not in New Jersey

I pay more than that and I only have liability and no points.

 

[iamwiz82]

Originally posted by: Xyl3ne

Originally posted by: iamwiz82

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

Not in New Jersey

I pay more than that and I only have liability and no points.

We are in MI and the cars are in my name and I believe we only pay $2100/yr for full coverage for a 2005 and a 2006. So far I've been happy with our rates even when we are in a no-fault state.

 

[Lola]

Originally posted by: TankGuys
The point of no fault was that it saves all the associated fees in litigation and investigation to determine who was at fault. Yes, there are many accidents where it's pretty clear who was at fault, but others are a bit harder. Even if it seems obvious, the at fault party may try some crazy legal argument to weasel out of it, which just costs everyone more money.

That's the theory behind it anyway

basically...

also, what happens when someone hits you and that person has NO insurace at all? most of the time, the person that was hit would be out of luck, but in Michigan, the not at fault party can go to his insurance company and get the damages taken care of.

Its unfortunate OP, that your brother did not have collision on his car, but please don't just go and assume that the whole "system" is a scam.

Yes, insurance co's are out to make money just like any other business, but there is good that comes from them as well.

Also, in michigan, if your brother were to have gotten seriously injured, no matter what the medical bills/hospital bills were to come up at, there would be NO limit as to how much of them your insurance company would pay.
It could be 1000$ in medical bills or 1,000,000.00 but it would get paid by your insurance company.

I have customers that had gotten into horrific accidents 20 years ago and we still take care of the bills they incure from physical therapy or medications.

 

[Nyati13]

Originally posted by: iamwiz82

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

I carry Liability, Collision, Uninsured/Underinsured, comp, flood, hail, everything insurance, because I don't want to depend on someone else's coverage to take care of me.
Your friend got screwed, but he could have protected himself from it.

 

[halik]

Originally posted by: iamwiz82

Originally posted by: Xyl3ne

Originally posted by: iamwiz82

Originally posted by: halik

Originally posted by: iamwiz82
I assume he only had PLPD?

plpd + comp

$1200/yr is a lot, though. How many points does he have?

Not in New Jersey

I pay more than that and I only have liability and no points.

We are in MI and the cars are in my name and I believe we only pay $2100/yr for full coverage for a 2005 and a 2006. So far I've been happy with our rates even when we are in a no-fault state.

My coworkers insurance went from 1400 in NY to 2100 in MI (he moved last year) ... so much for lower rates due to lower litigation costs.

As far as Lola's comments go, having unlimited medical coverage has nothing to do with being no-fault. You can have it in a normal state as well
In regards to uninsured motorists, states w/ regular insurance have protection against them as well, not to mention there are no arbitrary caps on how much you can sue them for.

 

[Vette73]

Funny how insurance compnaies keep saying no fault will save money BUT rates in no fault states are higher then other states. I guess the savings never reach the insured people, only the insurance companys.

The Auto Insurance Quote: A True Reflection of No-Fault Insurance

"Auto insurers continue to promise consumers lower insurance prices, yet no-fault auto insurance still carries some of the highest auto insurance quotes in the nation?and the highest instances of fraud and abuse."

and...

"Findings from a national study of auto insurance premiums conducted recently by the FTCR include:

States with some form of no-fault auto insurance are consistently a majority of the highest-priced states in the nation.
Six of the ten states with the largest premium increases between 1998 and 2002 have mandatory, no-fault systems.
During those same years, auto insurance premiums rose 92 percent faster in no-fault states than in personal responsibility states.
Premiums are 19 percent higher in no-fault states than in personal responsibility states."

No Fault insurance = scam.

 

[Looney]

Originally posted by: jrenz

Trust me, no fault is a good thing... I could tell you several instances that you would be thanking your lucky stars that you live in a no-fault state.

You may believe that.... but for those of us who know how to drive (men), it is not a good thing.

The insurance companies consider women better drivers... since they get in less accidents, and when they do, the costs of it is on average less than men.

But of course, people here are going to argue that when it really matters, such as driving through an obstacle course where life and death is on the line, men are vastly superior to women.