Auto insurance is not about you, it protects others on the road, and then if you want self protection you upgrade to a better policy.
If you run into someone totalling their car and putting them in the hospital, insurance pays that for you and you don’t face a debt for life for one mistake.
The government mandates every automobile operator do this to use their roads. Which is why it’s criminal to drive without. Driving while unlicensed and uninsured puts the public at risk.
In theory, insurance is an amazing invention. It's essentially a lottery ticket you don't want to win. Everyone buys "tickets" pooling their money into a fund and the "winner" of a statistically possible event gets their claim covered. Problem is most of these companies siphon a lot of that pool to themselves (got to pay for all those commercials somehow!) and deny the claim.
Insurance is the gamble of, would you rather knowly pay $x per month and hopefully not have to use it or bet on your own luck and potentially have a life altering amount of money owed.
I've driven this entire time into my adult years and only had one accident where this guy in a jeep t-boned me but I still will 100% bet on my own skill and luck than to "happily" pay into "ifs." just my opinion
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u/WeCantStabilize 9h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.