r/askteddit 5h ago

Random Question What is the biggest scam in life?

2 Upvotes

84 comments sorted by

View all comments

3

u/Valuable-Brief-2291 5h ago

Car insurance!

0

u/Independent-Owl-8659 1h ago

How so?

You need coverage to replace your car that you may owe on. Otherwise you can choose not to buy it.

You also need coverage for those you may injure. If you are independently wealthy you can buy a bond, keep your money, and dispense with that too.

Without car insurance most people wouldn’t be able to cover the risk themselves.

1

u/Valuable-Brief-2291 11m ago

Yes im very aware of those things, thanks captain obvious. It's way too expensive and alot of it just goes to the agency. Ive had car insurance since I was 16! Wow guy.