Any insurance we have is for the "just in case" situations. We don't get sick often, but when we do, we have insurance. I could have less coming out of my paycheck for it. But I'd rather not deal with higher deductibles or doctors I don't like. We don't get in accidents regularly, but in the one-off situations when it may happen, I'm not trying to pay some crazy bill. Again, I could pay less a month for less coverage, but I don't want to get stuck having to come up with MORE money when I'm already stressed out. Same goes with the phones. Paid in full or not, they are not cheap to fix and/or replace. I'd rather pay a bit more each month then deal with it if something does happen.