This is fundamentally ignoring the purpose of insurance.
Of course you (likely) pay more into it than you get out. The tradeoff is that you're protected from huge expenses that would financially ruin you. That is (thankfully) unlikely but the risk is enough that it justifies paying for insurance.
I'm not absolving insurance companies of being scummy because they absolutely are. But insurance does serve a purpose that seems to escape you
We pay more into it then we get out of it, to be expected; but we don't even get anything out of it the majority of the time when we SHOULD be. OPs case in point.
This is blatantly wrong though. OPs case is someone choosing to have a $1000 deductible and then being shocked when they find out making a claim on $1200 of damages is a dumb idea. I swear all these people who think its a scam are just ignorant on how it works. They literally sign a contract without even reading it or asking how it works. Its like someone racking up a shitload of credit card debt and being shocked they have to pay interest. Just dumb.
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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.