this post was submitted on 20 Jan 2024
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[–] n7gifmdn@lemmy.ca 6 points 1 year ago (5 children)

Problem is with your 14 year old Hyundai, you probably don't have full coverage, so your insurance is going to pay to fix his BMW, you are going to pay to replace your Hyundai, and your insurance rates are going up.

[–] Alexstarfire@lemmy.world 16 points 1 year ago (1 children)

If you get hit, the other party's insurance pays, not your own.

[–] Yarmin@sopuli.xyz 5 points 1 year ago

correct but your premiums still go up

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