Why Finding Car Insurance is Easier than Finding Health InsuranceThe reason that finding car insurance is so much easier than finding health care insurance is because the needs of a human being are much more varied than the needs of a car. The second answer to the question is that car insurance is required to protect other drivers from you in case of an accident, and medical insurance is for your own protection. In essence, and forgive the clich, comparing these types of insurance is like comparing apples to oranges.
Car insurance is required by law so that no victim of a car accident is left hanging if the at-fault party can’t pay for their repairs. Auto insurance is a form of
liability insurance that pays out to the third party in case their person or car is injured. This is why your driving record causes variation in how much you pay as a premium. If you’re a young driver or have a history of car accidents then you are more liable to cause a car accident and thus will pay a higher monthly premium for car insurance.
On the other hand, medical insurance is intended to take the sting off of medical expenses via a co-pay. Depending on your level of coverage your medical insurance will pick up the tab on certain procedures and visits or reduce the amount that you as a policy holder have to pay. Emergency procedures and hospitalizations are also covered to varying degrees under
health insurance plans.
Age, personal history and the amount you can pay as a deductable are all factors that affect how much you pay as a premium for health insurance. While coverage for cars will always cover the same things, basically accident liability, choosing what you want covered with medical insurance can vary greatly depending on your profession, age, medical and personal financial factors.
A federal health insurance mandate has been a hot-button issue during the Obama administration. President Obama believes that having federal requirement for health insurance will: A) drive down costs because more healthy people will be paying into health insurance coffers, and B) relieve the stress on emergency medical services. The medically uninsured tend to use emergency medical services as their primary source of medical care, this is not their intention and thus puts stress on the emergency medical system.
On the other hand, mandated car insurance is a state issue. In fact, New Hampshire does not require all drivers to carry car insurance and Wisconsin only enacted a state car insurance mandate in the summer of 2010. While
Massachusetts, on the other hand, does have a state health insurance requirement.
The fact of the matter is that car insurance is easier to purchase than medical insurance because there are fewer factors involved in calculating the risk of the insured person and because state mandates regulate costs and coverage.