[seanmcdirmid]

I’m sure car insurers pay out significantly more for vehicle damage than person damage. Most accidents don’t involve harm, but body shops are getting expensive. For WA:

> In 2019, there were 45,524 reported car accidents in Washington State. Although 32,106 resulted in no injuries, 325 were fatal and 973 resulted in serious injuries.

https://www.weierlaw.com/dealing-with-an-auto-accident-in-wa....

[xapata]

I'd bet that the median claim is quite different than the mean claim, because the outliers are so large. Much like the "shocking" statements you hear about wealth distribution -- the largest 10 are bigger than the bottom 50% or similar. That's how log-normal distributions work. Though of course the Gini coefficient can vary.

[bombcar]

The first dollar of insurance coverage is the most expensive, because any claim hits it.

Going from $100k to $2m is often quite cheap, comparatively.

[xapata]

It seems like the ideal plan is a high-deductible with no maximum, like catastrophic medical coverage.

[seanmcdirmid]

The number of claims over $100k are much less frequent, which is why it is cheaper to raise your cap.