[sokoloff]

> The government also forces me to buy third party insurance to drive my car, which seems fair enough since I can't afford to pay damages for someone permanently crippled from negligent driving.

I agree with your post overall, but this piece always struck me as incomplete at best. My state’s mandated minimums for 3rd party bodily injury are $20K per person, $40K per occurrence (and $5K of property damage liability).

In the scheme of things, those minimums seem like “technically, but not practically” being insured against the risk.

[cascom]

Agree with you.

Separately I have several hundred thousand dollars of auto liability coverage but no collusion/coverage on the actual car, and am often surprised to learn others don’t do the same (with middle aged used cars)

[mehwoot]

Fair enough. I don't live in the U.S, where I live the limits are far, far higher- at least $500,000, probably more adding up all the different types of entitlements.

https://www.greenslips.com.au/claims-guide/entitlements.html