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by lucasjung
5506 days ago
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The reason airplane maintenance is expensive isn't just that airplanes are generally more complex. It's mainly because you have to pay a certified A&P[1] to do it. You're not just paying for the work, you're paying for the entire apparatus of certifications and inspections that backs it up. >Also, by law to drive (in California at least) you're only required to have liability insurance covering the party you hit. Covering your own vehicle is optional. If you go this route, you have an even bigger incentive to keep it off the road: if you get into a fender-bender, you'll have to pay to the exorbitant repair bill on your "car." [1]http://en.wikipedia.org/wiki/Aircraft_Maintenance_Technician... |
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I do agree it would certainly make sense to opt in for covering the car as well. I was mostly making the point the liability rule could be a baseline showing insurance companies had no reason to charge a higher rate than, say, a sports car (under a minimum coverage scenario where they cover only liability costs).
It appears this vehicle costs $84K. I believe any person able to afford a 100K class of car would certainly be able to pay the maintenance and insurance costs to drive it as a car ;)