Hacker News Reader

> Few people willingly pay car insurance

By that rationale, no-one would by the more expensive fully-comprehensive insurance (where your own car is insured, not just third parties) but they do.

View on HN

Many people only buy the comprehensive insurance because their loan contract and/or lease terms require it.

And that makes sense, you can just return the car and get a new one. And lease contracts fees reflect this. If you have a fixed term lease, then returning a car ahead of time costs you, so you opt to repair it, and probably the leasing company wants it repaired at a brand licensed garage, so higher prices on that means you're likely to get a proper insurance, but you get the lease for cheaper.

In the UK, fully-comprehensive insurance can often be cheaper than third-party only cover.

Reply on news.ycombinator.com