Here is all you need to know about insurance.
In New Hampshire, car insurance is not legally mandated. NOTE: It is a really REALLY good idea to have car insurance. But In New Hampshire, it's not *REQUIRED*.
New Hampshire has the lowest auto insurance rates in the entire country. That is not a coincidence. Insurance companies have to "prove" that their product is a good value, in terms of *return on investment*, in order to drive sales, in New Hampshire.
Obamacare ("Affordable Care Act") was sold with the promise of LOWER health insurance premiums for everybody. In the four years BEFORE obamacare, health insurance premiums stayed (overall) pretty flat. For some groups, the cost went up about 10 or 15%. But overall, costs stayed relatively flat. NOTE that was the four years before Obamacare, when costs were already so high that many people were advocating for government intervention (oooooops!!!!)
In the first four years of Obamacare, health care premiums increased (across the board) by 50%. Some groups saw lower increases, SOME SAW HIGHER. But overall, premiums increased about 50% in the first four years of the "Affordable" Care Act.
That was actually pretty predictable.
- Before Obamacare, health insurance was way WAY too expensive. But it could have been a lot worse. There was nobody holding a gun to your head saying you HAD to buy health insurance. So, insurance companies still had to TRY to control premiums, to add more members to the books...
- AFTER Obamacare, health insurance companies could focus on maximizing profits, as opposed to trying to sell VALUE for their members. After ACA passed, it no longer mattered that premiums were sky-high and rising. Health Insurers were guaranteed to add more members every year, in spite of increasing premiums. Mo Money, Mo Money, MO MONEY!!!!
Car insurance is not about safety. You aren't going to magically be a safer driver just because you emptied out your entire savings account just to buy another 90 days' of minimum coverage car insurance. Insurance itself is big business, and big business has the best government that money can buy. The ONLY "point" of having car insurance is that it makes insurance executives rich. That's IT.
If you have a driver's license, then lobbyists have made sure that the government mandated that insurance executives can empty your wallet to make themselves rich.
Car insurance serves NO other purpose. In fact, without car insurance, we'd all be better drivers. Imagine how you'd drive if you knew that any mistake could lead to a multi-million dollar lawsuit judgement against you....
Yeah, lawsuits happen every day. But it's usually lawyers working for insurance companies that work out settlements. Imagine how drivers would drive if they were on the hook for their own foul-ups?