Insurance premiums are calculated by the average cost of liabilities. If I were to create a car that costs a few trillions, would it force all insurances to rise their premiums in case anyone hits me?

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[–] 2 points 6 days ago

It took me a while to get a sense for what you meant, but I think the answer is yes? If insurance companies saw there was a new risk associated with driving, a new .1% chance you might get in an accident requiring the insurance company to pay out $10 trillion, I think you would see insurance companies raise premiums to offset the new $100 billion liability, and I think it would not only be paid by the owners of the new wildly expensive car, since you have to offset the chance that I am at fault for its destruction as well. I do however wonder how you could construct a $1 trillion car and have it be completely totaled by a $5000 car in an accident -- wouldn't at least a few billion go to reinforcing the chassis?

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