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That could work if the only type of insurance were liability insurance (which pays for damage to others). However, many people have comprehensive insurance (which pays for THEIR damage), and some cars are more expensive to repair than others. An insurance company faces a much greater potential loss in insuring a Ferrari Testarossa than a Geo Metro, and it only makes sense that they would charge more money for doing so.

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Q: Why have car insurance why not just insure drivers?
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