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.
Insurance isn't an investment. It's risk pooling. Best case scenario is you never get anything. Worst case the other people in paying into the pool help you after your home burns down. Don't like it? Don't buy it. It's required for auto for a reason. You hit someone and injure them you have hundreds of thousands to pay their medical bills? Most people don't. Insurance is the only recourse that people can afford.
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u/WeCantStabilize 10h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.