 Do some historic research. Insurance companies have been around for about 400 years, and we've become extremely dependent on them. Co-dependent, I guess you could say. I like your house. Even though you probably don't plan on burning your house down, it could happen. You're still going to have a house if you've got insurance. Now all the states make it a requirement that you have insurance on your car because they know there's a high probability that you might have an accident.