Would you like pay at the pump car insurance?

[HAYEZ]

retarted idea...what happens if you want to fill a container for lawnmower,boat,dirt bike ,generator,tractor etc....not sure about you but i pay very little for insurance yearly..dont get tickets and dont hit shit...your all set

 

[needtogetarmy]

Pay-as-you-go auto liability insurance insures everyone who buys gasoline to run their cars: A pay-at-the-pump auto liability insurance plan will guarantee that every car is insured -- there are no uninsured vehicles, period; regardless of whether the car is legally registered or not. To run your car, you buy gas; when you do, the cost of insurance is added in to the price of your gas purchase at the rate of several cents per gallon.
Another tax? You could look at it that way: But consumers will save far more on the cost of auto liability insurance by paying a few cents more at the pump rather than paying your insurance carrier's premium -- in which uninsured drivers are factored in to increase the rates. So if you compare spending a few cents more in gas to the savings of hundreds of dollars in annual auto liability premiums, consumers make out far better.
Insurance companies will still provide other coverages for your car -- theft, repair, etc. -- but the liability insurance, which is the largest cost in auto insurance, will be eliminated.

Bad idea. A perfect example of a policy that looks good on its face but has unintended consequences.

There would be no way to penalize bad drivers - they would be getting a free ride because safe drives like myself would have to subsidize their recklessness. I do not think I should have to pay the same amount of insurance as a reckless speeder.

 

[Spartacus]

I pay insurance on 4 vehicles with one driver
I'd rather pay based on actual usage

 

[chazk]

Mycar insurance is cheap due to my safe driving record.
So I would have to pay for all the people that get or have gotten in alot of wrecks.

I have full coverage, Uninsured, collision, comp. No need to for me to have to pay a higher amount to cover the bad drivers.
While the bad drivers have to pay less due to the fact good drivers have to pay more .
Bad idea

 

[Spartacus]

the lion's share of my expense is penalization for events that haven't happened

I get speeding tickets
the elderly don't get slow tickets

 

[AEKDB]

Bad idea. A perfect example of a policy that looks good on its face but has unintended consequences.

There would be no way to penalize bad drivers - they would be getting a free ride because safe drives like myself would have to subsidize their recklessness. I do not think I should have to pay the same amount of insurance as a reckless speeder.

To expand, this type of "insurance" would be more expensive. As everyone would pay the same for insurance and it would not increase or decrease based on the individuals record, there would be no incentive to drive safely. As a result, the losses would be higher then they currently are.

High new auto prices and the complexity of new cars contributes to the high insurance rates. The comp and collision portion of your policy is priced based on cost of expected repairs to your car based on your history (and that of like individuals). All else the same, the more expensive the car you drive, the higher the rate. The liability portion is based on the value of cars others drive as well as litigation history, applicable state legislation, etc.

The real kicker? For most lines of business, insurance losses and expenses exceed the amount of premium they take in.

 

[Smurfy]

who administers the insurance money? gas companies? the government?

the govt. therefore this = shitty idea.