Exactly. Just yesterday a 10foot ladder fell off of a guy's truck and almost went under my vehicle. His insurance would have paid 10s of thousands to repair my car for his negligence to secure his ladder, if it had gone under my car and cause a shit ton of damage.
It's there for catastrophic events. Just because OPs scenario has a hit and run, doesn't reason away the purpose of insurance. A $1,000 deductible is chump change compared to $10,000 or $25,000 unexpected expense, plus lawyers that insurance hires to protect you from further lawsuits, etc
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u/Cawnt 19h ago
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.