My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can’t be legally driven. The insurance will only pay us $9000. But now we’re trying to buy a replacement and for the same model year they are asking 16000!

WTF! What’s insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.

Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you’re are the victim.

They should call it “pay slightly less than full price if you fucked up your car”

  • DomeGuy@lemmy.world
    81·
    4 hours ago

    To be salty: you seem kinda bad at math.

    2019 was.six years ago, not “basically ten”. Which wouldnt matter, if the rest of your post didn’t have such “if the raise put me in the next tax bracket I’d actually lose money” energy.

    Car insurance is typically for the market value of your car as-s. Not the price for a car from the same model year that has a dealer’s warranty behind it.

    Or to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.

    Now, there are insurance companies that will sell you “replacement cost” insurance, but this always means they’re charging a higher premium than they otherwise would.

    And you’re absolutely right that insurance companies categorically suck. Auto insurance is actually the friendliest one that regularly has to pay out. Health insurance is even worse.

    (Sorry for being so salty.)