Al Capone should have sold insurance....

Let's talk for a moment about AUTO insurance. Isn't insurance a grand thing? Some 17 yr old driving down the road texting when he suddenly T-Bones you and destroys your $40k that you don't even own yet! Without insurance, there would be major economic repercussions to either you, or the snot nosed kids parents. Thank god for insurance, right??

Lets fast forward a decade. Let's pretend that this 17 yr old kid never had an accident. Let pretend that he puts his phone is his glove compartment while he drives so he isn't tempted to text. He is 27 yrs old now, and he has paid the insurance company $100 a month without even blinking an eye because HE KNOWS he has to.

So, 10 years, thats 120 months.  That is $12000 this kid has paid in to this insurance company. He has NEVER had an accident, or a speeding ticket. In fact he has never had to ask the insurance company for anything. He just gives them money every month in case he ever needs them. One day he spills coffee in his lap. He accidentally has a fender bender. The damage is minimal...maybe $1000 in damage. He can finally take advantage of this insurance company. He doesn't know that they are about to ram their entire fist up is anal cavity. Because a sane person would think, I have GIVEN this company $12000 since the day I started driving. They can afford $1000. Sure they can. You need to first pay your $500 deductible, so that they will give you money that you already gave them. Now you are an unsafe driver, so your insurance premium is going up by $25 a month.

HOW IN THE HELL IS THIS EVEN LEGAL!!!! Imagine...the millions upon millions of people just giving money to these insurance companies. Hardly any even need the insurance company! They just throw money at them, and where does it go???? Betty left foot tripped on a tube of KY jelly in walmart and get 3.7 million dollars for a concussion.

Why dont we funnel alll this money into personal savings. We have an accident. OH SHIT! Its ok, I have this insurance savings account. Lets get a quote and i'll cut you a check. Hell, let the insurance companies regulate it! The way I see it...all the money I have given you over the years, is MINE. If not, then you stole it.

Not only is it LEGAL for you to steal my money and then make me give you more if I need any of it, ITS REQUIRED BY LAW! 

I bet money if Al Capone were alive today, he'd be the CEO of some cut throat insurance company, and people would be praising him for running a successful business at cutting peoples balls off and selling them back to them at a profit.