Quote:
Originally Posted by TXSTYLE
How does it work? Simple... They F*** us out of hundreds of millions in annual revenue knowing 75% of us will NEVER file a claim. CHA-CHING$$$!!!
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seems to me like they are making a reasonable profit by providing an essential service. Without insurance, hardly anyone would own BMWs nor live in anything much fancier than a mud shack, since the financial loss from an accident would be too catastrophic.
Insurance is the glue that holds the world as you know it together. If you think they are too profitable you can always invest in the company as a shareholder to benefit there.