I have been in constant debate with a friend nowadays as we talk about cars, and how car insurance can actually save him a lot. He kept on saying that he doesn’t need to have a car insurance because it would just add up to his expenses, as he as currently paying his monthly dues with the car loans. He said that it is not something of importance to him and we will just end up spending some more, instead of just including it on the payment of his loan. I told him that he might end up losing more money if in case he didn’t get anything to protect his investment. I told him that no matter what, he has to have a car insurance so at least, if things go wrong, he doesn’t need to shell out a lot of funds because his insurance will be the one to take care of it. He just keep on insisting that it’s just the car company’s way to earn more and he doesn’t need it. I just replied that one day, once the situation calls for it, he will most definitely regret that he said that line because quite frankly, I have known people that did the same mistake and they ended up paying for something that they no longer use…
