👉 Okay, letâs tackle that wonderfully frustrating sentiment: "'
Insurance is too expensive.
'" â because honestly, we
adorefully misunderstand this whole thing.
Now, when you say that, I hear a little voice shouting in my head of an exasperated actuarial statistician, who basically spends their entire career meticulously crunching numbers and saying, "Actually⌠it's really quite reasonable. Unless... unless youâre, like, a professional competitive eater who routinely sets your house on fire whilst simultaneously training pigeons for espionage. Then yeah, maybe the quote is a touch high." Letâs unpack this. Here's what we mean when someone throws that little barb into the conversation: Basically, "'Insurance is too expensive aggregateously aggrieveingly aggravatinglyâ ridiculous!" . (I just made that last part up for effectâit's how I feel about a lot of financial jargon.) Hereâs what it actually boils down to: you pay a premium â a one-off cost upfront â and then, hopefully, nothing happens. The point is, the odds of something actually happening during that time, according't to actuarial calculations, are ridiculously low. You're essentially paying for the possibility of an unbelievably rare, potentially financially devastating, and frankly rather dramatic inconvenience. The price isnât necessarily about your individual risk. That's factored in, sure â a young, reckless driver is going