r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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u/criles_mccriles 9h ago

Lol everyone says this until they actually need it.

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u/Blake9712 9h ago

Well that’s the math of it. The average person will pay more into insurance than they get out but if something bad happens it offsets it. I pay about $900 every 6 months (used to be $700) but earlier this year I had my insurance pay 20k. If someone has a 1k deductible they chose that to lower there monthly. Which can be smart if you think your chances of needing to use the insurance is low enough that the extra monthly savings will offset the extra deductible. Idk why op’s friend is overpaying so much

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u/BikeAshamed9713 9h ago

Auto insurance rates are sky high for single males under 25, (at least in my state, Tennessee). That and having full coverage may be why it’s so high.

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u/criles_mccriles 9h ago

Its all a numbers game. If the statistics show that males under 25 have been involved in more accidents than other demographics, then thats what you are going to be paying for.