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Why is insurance not mandatory for cyclists? Well, they can't do this for a start (files.catbox.moe)
submitted 1 year ago by to c/fuckcars@lemmy.world
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[–] 39 points 1 year ago (7 children)

On a side note: I wonder what the cost of all the bike-related crashes (caused by bikes) would add up.

A crash like the one in the video likely cost someone (insurance company, tax payers, other drivers, etc.) way more than hundreds of cyclist-caused crashes.

I'd be willing to bet that the administrative costs to have cycling insurance would likely be more than the insurance is worth.

Whereas with car insurance, you'd never be able to pay for the true cost of all the damage, lives lost, etc. That's why they cap liability to usually max $2,000,000.

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  • [–] 9 points 1 year ago (6 children)

    I feel like most bike related crashes (not involving cars) are damage to the individual and not to property. Maybe to their bike, or minor damage elsewhere. If that's the case I would imagine medical insurance would be enough. I guess there are some really fancy bikes you might want to insure but you're right it's prob not worth the admin cost for even a 2 or 3k bike.

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  • [–] 10 points 1 year ago (3 children)

    Exactly. You don't hear about bikes crashing through buildings and store fronts. Or knocking down road signs. Or power lines. Or bus stop shelters.

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  • [–] 3 points 1 year ago (2 children)

    Yeah, apart from medical costs, the worst a cyclist can do is maybe smash a window of a parked car. The maximum amount of property damage is maybe a few 1000. Nothing that an average person can't pay off within a reasonable time frame.

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  • [–] 3 points 1 year ago (1 child)

    I put it higher up, but the cost to insure my USD2k bike is $25 per year. That covers theft, accident damage, liability, I keep it as theft insurance and very sure its worth it.

    Insurance is gambling, and the house always wins, right? 24 of that $25 is probably theft insurance, the chance of injuring someone else on the ebike is not zero but so low it's immaterial.

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