That is the best story ever. I can't believe someone actually had the nutsack to charge you for insurance!! That is coverage for their property--not your property. Absolutely beautiful. I am going to set a little piggy bank by my front door and insist that people who walk through it contribute to my homeowner's insurance costs. I love it!!!
Huh?
The cost of owning and operating a car is significantly higher than the cost of gasoline. For example, I bought a new Subaru for $24k and I expect to get 240k miles out of the beast for a capital cost of 10 cents a mile, just for the car. Then there are additional costs of tires, maintenance, taxes, (washing the silly thing after a muddy trip), and insurance. The current reimbursement rate is around 48 cents/mile and some auto clubs say the true cost is over 60 cents/mile. Operating a car is not cheap, and folks like Gary save a significant pile of cash by not having a car.
Basic car insurance doesn't cover the payer's property. It covers everyone else's property and their potential medical expenses in an accident. It is a legal requirement, so why is it not an expense?
What is the "correct" way to proportion this real cost? By mile, time, ???
Reread my quote. I never said it wasn't an expense. Charging other people for this expense that YOU opted to assume is hilarious. This answers your question about "proportioning" the cost.
What a joke.