>>712797036you are half right in that insurance is a "middleman" that needs its own cut, making the cost overall higher on aggregate
not exactly an einstein level take
but if you think for just 5 seconds about the services they provide, you'll see why they deserve a cut
they spread the cost, and in a fair manner
are you healthy?
do you drive safe?
is your house built to code?
you pay less
fat? smoker?
do you think speed limits are suggestions?
did you DIY your wiring?
you pay more
their bottom line is also tied to assessing risk and safety, so they fund a lot of research into stuff like vehicle safety and food quality standards
purely out of their own self-interest