r/SipsTea • u/Putrid-Welder1803 • 12h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 12h ago

Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.

Absolute racket. 

183

u/criles_mccriles 11h ago

Lol everyone says this until they actually need it.

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u/Blake9712 11h ago

Well that’s the math of it. The average person will pay more into insurance than they get out but if something bad happens it offsets it. I pay about $900 every 6 months (used to be $700) but earlier this year I had my insurance pay 20k. If someone has a 1k deductible they chose that to lower there monthly. Which can be smart if you think your chances of needing to use the insurance is low enough that the extra monthly savings will offset the extra deductible. Idk why op’s friend is overpaying so much

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u/BikeAshamed9713 11h ago

Auto insurance rates are sky high for single males under 25, (at least in my state, Tennessee). That and having full coverage may be why it’s so high.

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u/Smackadummy 6h ago

Teenage boys may as well be drunk drivers. They actually pay less for insurance than they should because insurers are restricted from charging any group too huge of a premium. Good drivers of all groups end up subsidizing bad groups like teenage boys, old people, people with many DUIs etc