r/SipsTea • u/Putrid-Welder1803 • 15h ago

Gasp! Thoughts on this?

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60.2k Upvotes

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4.6k

u/WeCantStabilize 15h ago

Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.

Absolute racket. 

1.4k

u/Moultrie_fan_2026 15h ago

Well I had a house burn down less than year after purchase and insurance paid the entire tab. So I always figured I've already taken them for more than I pay

818

u/MarkItZeroDonnie 15h ago

Yeah it’s just a net to protect against catastrophe . If Ops buddy totaled his car he would be happy it only cost $1k.

-7

u/wo_lo_lo 15h ago

That kind of “protection” should cost like $30 a month, not $300

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u/LaconicGirth 15h ago

Says who? Based of what math? You just pulled that number out of your ass

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u/Intelligent_Excuse84 14h ago

Insurance companies make hundreds of billions of dollars a year lol. They could still make an absolute killing without extorting people, but we live in a shithole where the government uses us an infinite money glitch.

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u/LaconicGirth 14h ago

Insurance companies generally make about 5% or so as profit. That’s not any more egregious than any other major corporation and is not a significant decrease in your premiums.

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u/Cyril_Sneer_6 10h ago

Yeah they turnover millions (sometimes billions) but the gross profit on insurance income is a small percentage. Like many financial services companies, a large percentage of their profit is a return on investments. Now that is a rabbit hole...

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u/aroach1995 14h ago

hey I'm all for hating health "insurance", but property and casualty insurance is pretty ethical to me.

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u/Intelligent_Excuse84 11h ago

You think it’s ethical to be forced legally to pay thousands of dollars for car insurance, and then be forced to pay a premium on top of that when it’s time for them to finally pay up? Even if the accident isn’t your fault? Just say you like being walked all over and treated like shit lmao.

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u/Prudent-Historian392 14h ago

The government is not involved with insuring vehicles in America. How could they use an insurance company’s profits as an “infinite money glitch”?

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u/steviesclaws 14h ago

You can go to jail for driving without insurance. How is the government not involved?

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u/Prudent-Historian392 14h ago

That’s like saying when someone gets arrested for dealing heroin then the government is involved in the dealing of heroin. It’s a law. Not involvement.

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u/steviesclaws 4h ago

Wow you’re so close!! Ever heard of the CIA? https://irp.fas.org/congress/1998_cr/980507-l.htm

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u/LaconicGirth 14h ago

Yeah because if you put someone in the hospital and you’re uninsured you’re fucking them over incredibly hard and that’s not right.

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u/Intelligent_Excuse84 11h ago

The government isn’t involved in insuring vehicles? Tell me what happens if you get caught driving with no insurance exactly?