How can we change the law for car insurance?

Question

I had to fight to get where I'm now, I have insurance that I don't have to pay a crapload for. Why is it the law to have insurance? If we have a law for insurance, I think we should have laws regulating how insurance works. I could not get my own policy for a long time, I had to be under the same name as my dad. If I tried to get my own with the same company they said my insurance would go up $50 a day. They make it very hard to get what is required by law to have. They use statisics to tell you what kind of driver that you are not. I think there has to be some way to change the rules. Should make it either easier to get insurance since you have to have it or not make it a requirement at all.

Answer 1

Boy, are you naive!  Insurance is regulated at the state level.  If you don't like how you state regulates it, write your legislators.

Answer 2

What do you suggest?  without insurance the risks associated with driving would outweigh the benefits for the vast majority of people.  Many people complain about the current insurance system but nobody can think of a better alternative.  Personally, I think the markets have done a pretty good job of keeping insurance rates competitive.

Answer 3

Insurance is one of the most regulated products in the market. Not only does the states regulate that states can't charge too much, they also regulate that they can't charge too little. (If they did, insurers might go out of business.)

You don't have to buy car insurance. There are two legal choices beside purchasing a policy. First, you can set aside the amount of money equal to your state minimum limits in a bond. This is called self-insuring. Some larger companies do it. Basically, take $50k and put it into a bond to cover any damage you might cause. Second, don't operate your vehicle on the public roads. That way you won't risk damaging the rest of us that understand that it is uninsured motorists that are the problem.

Answer 4

Talk to your state legislator.  THEY can propose a law to eliminate mandatory insurance in your state.

Two states do NOT require insurance - NH and WI.  So you could always move there.  

Of course, if you're hit by an uninsured person, and they total your car, and you have no insurance, either, you're SOL on the car.

That's why the legislators passed the laws in the first place, people were complaining about having to absorb damages caused by other people with no insurance.

Answer 5

If you wish to change the laws, you need to contact you state senator and representative.  They help pass many new laws each year.  Please have your request in some legal form so they can take your suggestion and run with it.  Just a random letter with a vague suggestion will not get attention.

I personally feel that states do a good job with at least a fair cheap way to make you legal.  You will not be able to have a car loan with an SR 22 type insurance bond.  But at a fair price (usually under $100/per 6 months).  You can have insurance.  

It would be much cheaper to have insurance for everyone if all states were no fault states.  But, many people complain that the worst drivers do not pay a fair share.

Best of luck and I do feel activism is a great way to get things done.

Answer 6

You could move to New Hampshire, where you ONLY have to carry insurance if you've caused an accident.

I've bookmarked this site to go back to...

http://www.surveyland.org/jump.php?link=...

All the best to you.