How is it really scam? Car insurance as will as most other insurances are a good thing. Sure you don't need it 99.9% of the time but when that 0.1% comes it pays for it all over a hundred folds.
Look at my mother for example. She had a major car accident 3 years ago. With out car insurance she would have to pay so much that it isn't funny. $5k for medical bills, $8k for car replacement, $2k for other people's medical bills, and $25k-50k (don't remember how much) for a law suit since she was the one who hit the guy. So for her paying $1k a year doesn't seem like much when that one accident would have cost her $40-60k.
And another example for how insurance helps a lot is medical. It costs my father $10k a year for health insurance. It may seem like a lot but with out it he would have went bankrupt. We would have to pay about $12k to $15k for medication alone (some of my mother's pills costs $200 per month for 30 bloody pills). And if that isn't bad enough a single hospital visit would tack on another $500 at least. And forget surgeries. My mother had to have about 10 surgeries in the last 7 years. Each one of the ranges from $5k-20k each. And lets not forget about my psychotic sister who has been in the mental institution twice in the last 2 years and each time it costed the insurance company $40k-80k.
So sure it does seem like a waist of money for insurance. But just keep in mind. You'll be safe once that unlucky 0.1% of the time happen to you and you need it. Granted it's bad to hit someone and send them to the hospital, but at least you don't have to be worried about being sued for it and loose everything you have.
NoPeace - out
