Originally Posted by
Footsore Ramble
I can't check the original cite because the link doesn't work, but I'm skeptical of this. I'm trying to decide whether and when to give up my car, so I sat down and crunched the numbers, and it only costs $600 a year to own, factoring in all those things (yeah, yeah, old car, I don't drive a lot, etc.).
That's dirt cheap. No matter how little I drive I could not get mandatory liability insurance on an old car for that little. But it seems minimum liability amounts in the US are really low. Here $200,000 is required, $2 million is recommended. In States that have really low minimum insurance amounts, what happens when people are seriously injured (ie paraplegic) from an accident that was someone else's fault? Doesn't do any good to sue them if they have 0 money to their name.