Quote from: indy on December 06, 2023, 21:50:35An Actuary ran the numbers and saw $$$ for Tesla. This is why they make so much money.
This is true by definition of every single type of insurance - you transfer the risk of a rare but financially devastating loss to an insurance company, and they collect more in premiums over their entire customer base than an actuary expects them to pay in claims.
Insurance doesn't save you money. It protects you from an unexpected financial crisis, a service for which you rightfully pay a (ahem) premium.
If you can afford to cover the loss, don't whine. Just don't buy that insurance!