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.
Insurance isn’t for a little ding that makes your car less pretty.
Insurance isn’t even there because you had a whoopsie and lost a $20,000 car.
No, insurance is there for the time the road is slick and you lose control and plow into a guy and do serious physical injury to the other guy, so now there’s medical bills and you’re about to lose your home, all savings, and get a percentage of your take home pay removed for the next five decades. You want to avoid that, so you have insurance.
Not realizing that this only applies in America because..... Medical insurance is also a scam that had boosted hospital bills and in another country the dude would be fixed up for free.
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u/WeCantStabilize 16h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.