is Auto Insurance a Big Scam?
Plus If You Go For Years With No accident Why Don't You Get Money Back Or Your Payments Go Down
Update:all Insurance copanys so give cash back for being good drivers
Update 3:all l Insurance copanys should give cash back for being good drivers
Comments
In short, YES.
Well I can tell you about the UK...
Fraud rings are operative all around UK. Innocent drivers are being scamed every now and then .. The Insurance companies are trying to fight this however the numbers are huge... LSI, PI, Total Loss cases are the ones to watch out for.
Regarding other queries ..
Plus If You Go For Years With No accident Why Don't You Get Money Back Or Your Payments Go Down
They do . However you need to produce a valid NCD certificate to get that , also the premiums depends on number of other things as well. Make Model Age of car, Drivers age, location where th car is insured etc.
I don't think payments should be so high
Refer to the answer above
all Insurance copanys so give cash back for being good drivers
They dont give you cash back they give you NCD (No Claims Dicount) i.e No claim in a year you earn 1 yr NCD OR you get % discount (Introductory) when you insure your car.
all l Insurance copanys should give cash back for being good drivers
Repeted Question
Hope this helps
"Why Don't You Get Money Back Or Your Payments Go Down"
Because even if you didn't use it, you received value for the money you paid in premiums. You were insured and in compliance with state laws.