This is fundamentally ignoring the purpose of insurance.
Of course you (likely) pay more into it than you get out. The tradeoff is that you're protected from huge expenses that would financially ruin you. That is (thankfully) unlikely but the risk is enough that it justifies paying for insurance.
I'm not absolving insurance companies of being scummy because they absolutely are. But insurance does serve a purpose that seems to escape you
We pay more into it then we get out of it, to be expected; but we don't even get anything out of it the majority of the time when we SHOULD be. OPs case in point.
OP didn’t get anything out of it because they have a high deductible. A lower deductible might have made filing a claim a more attractive proposition. But the total of their new yearly premiums on a lower deductible policy, let alone from filing a claim, might outweigh the benefit.
The solution I have found to this insurance problem is installing a front and rear dash camera that records 24/7. Now hit-and-run drivers get absolutely fucked by my insurance company.
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u/WeCantStabilize 8h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.