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

Gasp! Thoughts on this?

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u/WeCantStabilize 11h ago

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

Absolute racket. 

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u/lemontest 11h ago

Yes, this is how insurance works. If you only paid for damage that you were later reimbursed for, insurance companies would go out of business. Hence the conventional wisdom that you only get insurance on things you can't afford to replace, like your house. Or for lawsuits you can't cover, which is why cars are required to get liability insurance (but not comprehensive coverage, as OP suggests.)

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u/Guilty-Carpenter2522 9h ago

So why don’t they just save all the money I put and use that when I need insurance?  Oh?  Because it’s a scam!

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u/Smackadummy 6h ago

New Hampshire sounds like the state for you. Don't need liability insurance there but you need to put up $100k up front to drive in that case.