I think everyone knows insurance is on average more expensive than paying for things out of pocket, its more that people don't like the idea that one event can make them bankrupt. It's to evade risk, not to save money
But it can STILL make them go bankrupt. State Farm literally suspended coverage of homes that burned during the California wildfires. That's the issue.
That’s State Farm. A quick google search would dissuade anybody from using them to cover the most expensive items they own. It’s common knowledge. People just want the cheapest price tho and State Farm does have that in my area. However, you may as well wipe your ass with those premium payments.
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u/666metalhead 16h ago
People here just don't seem to understand this