Comment Re:Insurance? (Score 1) 280
Legislation requires you to have insurance because, if you want to drive a car and incur in the risk of damages to third parties, society needs to ensure you (via your insurance) can bear (part of) the cost of reparations, instead of leaving it all on victims and the state.
Insurance is a free, competitive market.
If it's not, your regulatory agencies are not doing their job.
Insurance companies adjust the fees based on what they perceive it's the risk you will cause/be involved in an accident but also on the amount of expense they can incur.
If the Ferrari is driving people commercially, it spends more time on the road than your average private car and is thus more likely to cause/be involved in an accident than a Kia which is only used to commute from home to work.
Also, if the Ferrari is damaged in an accident caused by the Kia, which happens to have the same insurance company, the insurance company will have to pay more than if two Kias had collided.
It's the insurance's company prerogative to charge you more for spending more time on the road and bringing a more expensive car to the road.
The insurance company may also have figured out Ferrari drivers are more likely to cause accidents.
You may not like this situation, but the Kia owner does. If you don't like, find another insurance company. Or buy a Kia and stop driving for Uber.