Monday, December 31, 2007

Car Insurance

These companies take your money year after year. Supposedly they pool the money to pay off claims and still make a profit because less people have accidents than those who do. The company prudently plans for rainy day scenarios where a natural disaster or some catastrophe requires they pay more.

This worked for years and years. Yet recently the "Free Market" has changed the rules. Now you pay even if you are not at fault because your rates go up. They also exclude a lot of coverage and deny as many claims as possible. The free market ends up being rather costly for Joe Sixpack.

This is great for the car insurance company but not for you. Just another example of capitalism working to save you money. Want to change it? You'd have to vote for people that will side with the regular guy instead of the companies.

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