Just curious. What percent of your income goes for insurance?

[leftyladyfrommo]

I think about half of my income goes to insurance of one kind or another. And I have never used any of it. My medical has such a high deductible that I end up paying for the little bit of medical stuff that I can afford. Then there is house insurance, business liability insurance, car insurance. I bet I have paid thousands and thousands of dollars over the years. I would have been better off to have just paid for stuff myself and forget the insurance.

My bother has health insurance through work but he still pays 1200 a month for two people. He said that about half of his income goes to insurance.

[Mojambo]

1. That would be 0.0 percent.

I prefer to eat and wear clothing.

[SoCalDem]

2. That's the thing about insurance.. You are paying for something you hope you'll never HAVE to use.

What you are really paying for is the peace of mind...

[TexasProgresive]

4. And if you use it

they raise the rates.

[madokie]

3. Pretty good chunk

and I use the VA for my personal health care

[Coyote_Bandit]

5. Ummmm......

I easily spend over well $10,000 a year for homeoweners insurance, auto insurance, high deductible catastrophic medical coverage and property taxes.

I am mid to late 40s with no documented health problems. Of course it has been over a decade since I have seen a doctor for any reason.

I live in a small home that is over 60 years old. I installed a monitored alarm system and get the discount for that. The cost of monitoring exceeds the amount of the discount.

I have't received a traffic ticket or been involved in an accident or filed a homeowners insurance claim in many years. I qualify for all the discounts.

These costs exceed my combined annual expenditures for the following: cellphone, landline, cable tv including premium channels, cable internet, alarm monitoring, natural gas, electric, water, sewer, trash, susidized ambulance service, groceries, gasoline, and clothing.

If I exclude discretionary expenditures then the insurance costs easily represents over half of my annual expenditures.

[Jeep789]

8. Same here nt

[CreekDog]

6. about 5k per year

health (my share), dental, auto, homeowners, earthquake

[sinkingfeeling]

7. I spend about $6300 a year on life, health, disability, car, home owners, and long-term

health care insurance for just myself. My employer contributes about 75% to my health coverage.

[littlebit]

9. Between house, car, medical, workers comp, and

life insurance I easily pay $20,000 a year. That also includes the insurance for my tractors and cargo insurance.

[guitar man]

10. 22.6%

:(

[niyad]

11. that would be zero.

[Control-Z]

12. Well over 15,000.00 a year

That's health, dental, life, auto...I know I'm forgetting something.

None of the coverage is all that great, either.