LogFAQs > #878523338

Smarkil posted...

so long as I don't cause some catastrophic accident.

The only benefit of having car insurance is preventing that catastrophic incident. Otherwise it will never pay off.

That's the thing though, we never know if/when we will get into a car accident or the extent of the damage. I'll agree it's one big gamble/lottery system but some folks might not be able to pay for these catastrophic incident and I am not sure if some folks want to "win" this gamble/lottery and end up having to "cash-in".

Nowadays cars have almost too much tech in them. If someone rear-end me it won't be just some hundreds to replace the bumper but probably some thousand or so for the bumper and sensors inside the bumper and this is just for a simple fender bender.
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