I have been driving for 10 yrs (no accidents, no tickets & never been pulled over) i have paid about $125 per month, thats $15,000 that i have been cheated out of. & if i were to get in an accident I would have to pay them a deductible..is it safe to say that Americans are being cheated out of billions ???
Sheesh $15,000….

Basically insurance is the idea that none of us have a million dollars to cover that crazy chance that we seriously injure someone or even $10,000 if we just total someone's parked car. So we all agree we'll put our little amounts of money into this bin and then when one of us do have that accident, we'll take from the bin and pay it.

However maybe you are being cheated because this is my first year with insurance on my own car (I had a company car before so I didn't need insurance) I have 3 speeding tickets on my record, I have full coverage and I only pay about $93 a month. I should be paying more than you if you are a good driver.