A few months ago, my husband and I bought a new (to us) car. The gas mileage is a lot better than what he used to drive, and so we are seeing the economic benefits of the purchase. However, our car insurance went up when we bought the new car. it's more expensive to insure a three year old car instead of ten or fifteen year old car. Sometimes it can be frustrating to keep shelling out money to insurance companies when we don't actually use the insurance. My sister and I had a similar conversation about health insurance earlier this week. We are paying more each month, then we use it. Then there are the few accidents or illnesses that make you really thankful you have insurance.
Insurance is your buffer against financial ruin. If life is going great, and you don't use it, then you are paying for peace of mind. But if the worst were to happen--a car accident, your appendix bursts, you get gallstones or someone breaks into your apartment--then insurance is there to help limit your liability and to make it easier to put your life back together again. That is why I carry insurance, even though I hope I never have to use it.