$4,800 every 6 months is only $800/month. The OP pays $500/mo on insurance, let’s say $100 on gas a month, that’s only $200/month payment on the loan for an old used car. Car ownership is expensive, but it’s probably more common for the car payment to be $500/month and insurance to be $200/month. This doesn’t even factor maintenance
Comment on car insurance
Neato@ttrpg.network 2 months agoNo way. Even just commuting assuming $20 each way (cheap for rush hour) that’s $4,800 every 6 months. Probably 2-3 times as expensive as the high risk insurance.
cymbal_king@lemmy.world 2 months ago
AFKBRBChocolate@lemmy.world 2 months ago
The post said they had been paying $500 a month ($3000 for six months) and it went up with every accident. When you factor in gas and maintenance (let alone deductibles for all their accidents), ride share services might well be cheaper.