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- State of Jefferson
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- 2017 CX-5 GT AWD+
Insurance is designed to protect you against catastrophic financial losses, not for every little expense that might happen in life.
I hold auto insurance because one accident could cost hundreds of thousands of dollars and bankrupt me.
I do NOT spend $2400 (plus interest) on an extended warranty to protect me from the potential of a minor car repair.
If you can't afford such a repair, you have no business buying a $30K+ vehicle.
Agreed. You and I wouldn't do it.
But consider that for some people, the "peace of mind" may be worth more than the money they're spending. Even if it's an illusion.