If auto insurance was like dental insurance-The executives would make lots more money! My insurance, AutoOwners, pays it's CEO about $300,000. At the height of the recession, Delta Dental paid 5 execs over $3 million a year.
Your insurance would pay 100% for oil changes and wiper blades. They would only pay half if your car is wrecked , and only up to a total of $1,000/year; $500 if its a cheaper policy. They would try as hard as they can to get out of paying the $1,000- pre-existing conditions, non-duplication of benefits, waiting periods, etc.
Your benefits would not be indexed for inflation. The yearly max. was $1,000 in the 1960's, which would pay for a new Beetle. It would still be $1,000, which wouldn't even repair one bumper
Your employer would select your auto insurance company, and pay the premiums. There would not be any gecko ads, or the crazy Allstate guy.
So don't expect your dental benefits to be like insurance. It's actually an employee benefit that pays well for maintenance, but poorly for repairs, and next to nothing for overhauls.
