Wyatt earp
Diamond Member
- Apr 21, 2012
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- #21
Interesting...I always said car insurance was a scam by crappy ass rich drivers..
Bad Driver? That’s OK — If You’re Rich | TIME.com
In its new study of car insurance rates, the Consumer Federation of America reports that lower-income people pay higher premiums, even if their driving is better than that of their rich neighbors.
The report, which is the CFA’s third on car insurance premiums, features a mystery-shopping experiment conducted over 12 cities with the nation’s five biggest insurers. Rates were requested for two hypothetical customers: one with a master’s degree and an executive job, the other a receptionist with a high school education. Two-thirds of the time, the wealthy executive was offered a better rate than the middle-class customer — even though the “executive” had caused a car crash and the “receptionist” had a clean driving record.
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If you want to discuss the many ways it cost more to be poor than it costs to be rich we can, but that's a different subject. It's cheaper to buy one quality item that lasts a long time than it is to buy many inferior items that fall apart quickly and need to be replaced soon. The problem is that poor folk never can afford that one quality item, and probably never will be able to.
No my thread is exactly about Reckless crappy ass drivers , forcing through the government people who don't need car insurance to pay for them
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If they want to claim location and car theft what cost more a perfect driving record persin with a 98 Ford Taurus worth $800 bucks or a new BMW With a shitty reckless driver...
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