Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
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Notes -
What do you mean by "losing your car"? Are you saying everyone you know has totalled their car multiple times to an uninsured hooligan? I don't think I know very many people who have totalled their car for any reason. Personally, I have never been in an accident that did more than damage a bumper.
Even if this is your situation, it doesn't make sense to buy insurance for something you expect to happen a few times in your life. Savings and loans are tools that already exist to even out the expense over your lifetime. Insurance adds an unnecessary cost to this.
Now, if you are unusually prone to getting into accidents and your insurer doesn't know that, then it makes sense, but this averse selection is exactly why it wouldn't make sense for most people.
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