For many people, even though insurance is just supposed to "make you whole" they end up with a better result after a payout, even with a $500 deductible or whatever.
The deductible for a comprehensive claim is usually a lot lower, mine is only 100 USD while my collision deductible is 1k USD. Of course if you live somewhere with lots of crime this isn’t the case.
Still if it's like my car,took 3 months to pay out. Meanwhile you're SOL renting or busing, then you get the honor of repaying tax, title, and registration to the tune of like 10%. Getting your car totaled really sucks .
For many people, even though insurance is just supposed to "make you whole" they end up with a better result after a payout, even with a $500 deductible or whatever.
Often actual theft is deductible-free.