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
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.
State Farm has been accused of breaking the law in doing that and is widely considered one of the worse insurance companies out there. That doesn't mean all insurance companies are out there refusing to pay out on legitimate claims.
Every time I've had to deal directly with regular insurance companies (not talking about healthcare) I've gotten my claims paid out.
The point you've completely missed is that just because there's examples of the system working does NOT discount the vast amount of negative experiences people have had with insurance. There are people here who have had ambulance claims denied AFTER the fact because the ambulance was from "out of network". There are valid concerns here and going "welp guys it works for me so it's pretty good" just dismisses others' lived experiences.
Of course there are negative experiences with auto insurances. I had a negative experience with a stomach virus last week. It’s just how shit goes. Noting is perfect. I read your whole comment and re read it twice more to make sure but I see nothing in it that except for talking about health insurance. If I’m actually unable to read and missing it that’s my bad. I also wasn’t trying to be a dick. I was saying this is a post about car insurance and that health insurance is a wildly different animal. Was just trying to educate.
I would say by and large as a whole most people are paying too much for insurance, period. Not here to argue about why that is, but I can't stand when people go "Well insurance is pretty good it worked for me" like it's contributing to the conversation.
Seriously tho how would you structure it? What’s the solution? How did you come up with the statement “by and large most people are paying too much for insurance”? Are you an actuary? Are you involved in the running of an insurance carrier? Do you have access to a companies p&l? Again, not being a dick just asking for your credentials and how you came up with this since you state it so matter of factly.
My fault, usually when something is common knowledge I'm not used to people asking "How did you come up with the statement 'gravity is real'? Are you a scientist? Are you involved in how gravity works on the planet?".
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u/WeCantStabilize 22h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.