Well said Shadow.
The "idiot tax" portion I believe comes in to play when there are unnecessary coverages on a plan or the inflated premiums of low deductible plans. The price difference between a $250 and $500 deductible auto insurance plan can be quite impressive. The amount of money you can save (if you have the discipline to save) with a $500 or even $1000 plan can more than make up for the higher deductible in a short amount of time.
edit: And here in the USA most insurance is administered by private companies so "tax" is also a bit of a misnomer.
The "idiot tax" portion I believe comes in to play when there are unnecessary coverages on a plan or the inflated premiums of low deductible plans. The price difference between a $250 and $500 deductible auto insurance plan can be quite impressive. The amount of money you can save (if you have the discipline to save) with a $500 or even $1000 plan can more than make up for the higher deductible in a short amount of time.
edit: And here in the USA most insurance is administered by private companies so "tax" is also a bit of a misnomer.
The Bill of No Rights
The United States has become a place where entertainers and professional athletes are mistaken for people of importance. Robert A. Heinlein
The United States has become a place where entertainers and professional athletes are mistaken for people of importance. Robert A. Heinlein