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The only insurance I will ever have is car, and that is because it is legally mandated. House insurance I may accept, simply because its often a condition of the loan.
Insurance companies calculate MY risk based on the risk of people SIMILAR to me. And by similar, its usually age. I know that I'm not like most people my age, and have a much smaller risk of car accidents and dehabilating health problems. I've never been ill enough to go to the hospital, and I'm rarely sick to the point of perfect attendance.
I know my risk far better than the insurance company, simply because they're basing it on my bracket and not me. Therefore, I budget for MY risk and save accordingly. I still insure myself from risk, without being subject to an inherently flawed probability model and accompanying outrageous prices.
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"I'm typing on a computer of science, which is being sent by science wires to a little science server where you can access it. I'm not typing on a computer of philosophy or religion or whatever other thing you think can be used to understand the universe because they're a poor substitute in the role of understanding the universe which exists independent from ourselves." - Willravel
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