Why couldn’t somebody just put money in a savings account monthly instead of paying insurance monthly?
In: Economics
Some areas you can deposit money with the government and not worry about automobile insurance. Do you have a million dollars that you can leave with the government just to save a couple of hundred a month. Some of them pay very little interest on the deposit.
Many government agencies are self insured but still use an insurance company to settle the claims but the insurance company just send the bill to the government.
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