Is car insurance legalized robbery?

[jentastic]

Yes, it's robbery

No it's not robbery

[ApplePie409]

Chris Rock said in the video that if shit doesn't happen, the insurance company should give you your money back. Brilliant. And I should get my money back when I lose at the casino. Why should I have to pay if I don't win?

[OtterMan68]

no, but it's a poorly set up system.

Imagine if health care was done the same way: You fall off a ladder. You hurt your leg. You go to the hospital and they say your leg is broken. The insurance company sends you the money, and you decide whether or not to get your leg fixed.

Same thing happens with cars. Take hail damage. How many people take the money but don't get their car fixed? That drives up prices for everyone.

There should be a low-price option: If your car is damaged, you find an approved auto-body shop, and the insurance company pays them directly instead of paying you directly. You agree to this for a lower rate. You don't get the car fixed, you don't get the money.

[Anonymous]

I agree with Chris Rock.

https://www.youtube.com/embed/8_c0xA7Qtv0

[Chazmatazz269]

It’s extortion, not robbery. There’s a difference.

[Rangers]

Yes, just like taxes