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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[–] [S] 2 points 5 days ago (1 child)

didn't mean your car, but third party insurance,which is mandatory, the one that pays for damages you cause to other people

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  • [–] 2 points 4 days ago

    Third party insurance often is only a minimum that you have to fulfill. E.g. IN USA has a law stating that you must have $25k liability insurance as a driver. If you cause damages beyond that then you privately are liable again. So in this case it also wouldn't make everybody's insurance go up.

    If you were the one unlucky dude who caused a wreck with the $1 trillion car, then you would just privately be f**ked.

    On a side note though: A lot of these kinds of court cases end up going for settlements much lower than the actual damages caused, because you can only recover the amount somebody actually has in court. If the damages are $1000 and the other person only has $10 to their name, you will only get $10 from them (and you will still have to pay your own layer costs from that as well). So driving this expensive car is really only dangerous to the owner who will lose a bunch of money if it gets damaged.

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