Car insurance and gambling?

[Firefly]

Insurance is basically a gambling scam, you pay (a price higher than the expected value) to take a tiny chance that if something rare happens you will be covered.
Same thing for lottery you pay (a price higher than the expected value) for a tiny chance that if something rare happens you will be rich.

I am actually debating with myself whether I should buy both car insurance and a lottery subscription??

Ok for rich people it wouldn't be worth it because getting in a car accident wouldn't change their lives in terms of money they would still be rich and their standard of living would be the same.

For poor people it would also NOT be worth it because the extra money they would be paying for those subscriptions would make a huge impact on their standard of living.

Now here is the tricky part:
For people slightly less poor about in the middle class:
Arguably paying for those subscriptions would not make an impact on their standard of living
(But could delay big life plans by extra ~6 months like saving for a house / moving to another country etc.. lets say it would take you 8 years to save up for your house then now it would take you 8.5 years.)
But if you get in a car accident it could really fuck you up and will change your standard of living for the worse and might even crush your big life plans not only delay further.
Same thing with a lottery subscription, if you win then your standard of living will substantially change for the better.

What do you guys think?

 

[Foreverbrad]

You aren’t legally forced to buy lottery tickets.

Car insurance is to protect rich people so they can offload the risk of driving their shiny new status symbol onto the poors.

Lottery is worthless, just buy excessively volatile stocks.