Why couldn’t somebody just put money in a savings account monthly instead of paying insurance monthly?
In: Economics
That’s what I do for my phone. Fuck paying $18/mo plus a deductible. Out of the gate, I can afford two phones. I’m quite careful and save money every month which could cover anything that comes up.
But for a vehicle? How many folks have the money on hand for the one they’re buying and one to replace it? Then there’s the liability portion of things. Imagine how much you’d have to keep on hand for that!
Health insurance? I thought I would have paid way more in than I’d ever get as a benefit until my dying days. Nope! Freak accident, helicopter, intensive care, facial reconstructive surgery, dental surgery (I ended up footing that bill). Thanks to health insurance I paid $3,000 for everything plus I settled the dental work debt for like $1,600 out of pocket.
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