Insurance premiums on the rise

[rodcontrol]

Why cant we self insure with vehicles? I get this would take a chunk of spare change but shouldn't this be an option if you so choose?

Send the state $250,000 for them to hold in case you get into a car wreck.

 

[Fester]

Send the state $250,000 for them to hold in case you get into a car wreck.

So my insurance company sends 250k to the state when I buy insurance?

 

[rodcontrol]

So my insurance company sends 250k to the state when I buy insurance?

https://www.insurance.nd.gov/companies/company-licensing/self-insurers

Sorry I was mistaken, its $150,000 per vehicle.

 

[db-2]

Have Nodak and it appears they are higher price. However, a handful of claims over the last 20 years and no problems.
Service i have gotten keeps me there. db

 

[NDSportsman]

Insurance is one of the oldest rackets around.

 

[Pheasant 54]

Insurance is one of the oldest rackets around.

Until you need it

 

[Fester]

https://www.insurance.nd.gov/companies/company-licensing/self-insurers

Sorry I was mistaken, its $150,000 per vehicle.

I have to send 150k....but the question was does my insurance company send them that money also?

 

[Prairie Doggin']

I switched to Progressive online about 10-12 years ago. Cut my premium in half. But, every year they creep up, too. Seemed extra outrageous this year, so I shopped around a bit...still couldn't come within about $300. Unfortunately, I'm insuring 3 boys in the 18-22 range...

 

[Allen]

Why cant we self insure with vehicles? I get this would take a chunk of spare change but shouldn't this be an option if you so choose?

When did that option go away?

 

[PrairieGhost]

Now days a little ding is $1000. If a drop of paint is needed it's another $1000. The hourly shop charge is $150 and the bodyman or the mechanic gets what, maybe $25.
I have $1000 deductible and still pay over $900 each for three vehicles, and $4000 for the house. Seriously I think this greed like the greed in the medical field is the greatest danger to capitalism. Its why so many people went along with this disasterouse Obama care. Car insurance, home insurance, boat insurance, camper insurance, health insurance, unbrella liability insurance and now some are thinking firearms owner liability insurance. Pick your favorite gun because you will only be able to afford one and turn the rest in to uncle sam.

 

[LBrandt]

Guns? What guns, they all sank in the boat. LB

 

[Fester]

When did that option go away?

It didnt....just treated completely different then the large insurance companies..making it dam near impossible to self insure...