That’s basically the conclusion I reached for my car insurance, once I started having somewhat nicer/recent cars I used to put the highest insurance on them. I had two minor incidents (one my fault one not), during which they said “sure, we’ll cover the costs to repair your vehicle, but we’ll also make the monthly premium go up by X and by the time it’s back to normal you’ll have paid 10x what it would cost to just fix the thing”.
So now I get the minimal legal insurance and I’m just ready that I’ll have to pay myself for my own car (which I already was anyway due to issue described above).
That’s basically the conclusion I reached for my car insurance, once I started having somewhat nicer/recent cars I used to put the highest insurance on them. I had two minor incidents (one my fault one not), during which they said “sure, we’ll cover the costs to repair your vehicle, but we’ll also make the monthly premium go up by X and by the time it’s back to normal you’ll have paid 10x what it would cost to just fix the thing”.
So now I get the minimal legal insurance and I’m just ready that I’ll have to pay myself for my own car (which I already was anyway due to issue described above).