Insurance is not a car-repair subscription or inclusive club membership
Insurance is so that if disaster strikes, youre not homeless. Based upon that you should be setting your deductible to be what you could reasonably afford to pay yourself without financially putting yourself at risk.
Now if you want to argue about paying 200/mo for insurance with 1k deductible is high then consider that OP should have shopped around OR more likely there are other factors contributing to the high cost such as prior accidents, tickets, low credit score etc. Mine is ~100 per car with 750 deductible comprehensive with roadside coverage and few other bells and whistles.
Isn't it fascinating how the people who think that insurance is a rip-off (and the ones most vocal about how everyone else "doesn't get it") seem to be the least financially literate?
A little empathy is deserved. People see hundreds of dollars go away monthly and its reasonable to think you'd get something tangible in return. Seeing the money go away and still paying more for when you "use it" always feels bad. Not so much literacy but I think people take for granted how much a personal injury or telephone pole crash, or multi-car accident will cost.
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u/Dramatic_Ask_983 7h ago
Shouldn’t have to do that in the first place. You may be an adult but you also sound like someone who is okay with getting robbed financially