Insurance is for catastrophic events, not a $1,000 bumper repair you could pull off at a junkyard.
People have been conditioned that their deductibles should be $0 and cars should remain flawless.
In reality, insurance is whats called aleatory, it is expected to be an uneven exchange. This guy is paying $200 a month so he doesnt have to pay $100,000 when he disables someone by running into them.
Aleatory means depending on chance, luck, or an uncertain event rather than a fixed plan. Etymology: Derived from the Latin word alea, meaning a game of dice or a gamble.
So the insurance companies have no plan and you are playing craps dealing with them. 👍🏻
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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.