If you know your car's engine is going to need replaced after exactly 100,000 miles, you know to save up for a new engine or a new car - and you know how long you have to save, so you can precisely set aside an appropriate figure every month.
If you know your car's engine will die sometime within the next 15,000 miles, you know you need to start saving up immediately, but b/c you don't know when in the next 15,000 miles you have to rush your saving.
If you have no idea when your car's engine is going to die, you are likely to end up dead engine and little to no savings.
The real reason insurance is high is because of fraudulent claim risk. Hurricanes themselves are more or less a solved problem in Florida. That data is useless.
The residents of what used to be Ft. Meyers Beach would probably disagree with you.
>Hurricanes themselves are more or less a solved problem in Florida.
I have been in Florida for nearly a decade now. I'd say that the above statement is at best, disingenuous. It's just not true. MAYBE Cat1 hurricanes are a solved problem, but nothing above that. The busiest economic center in Florida (Miami's Brickell area) is 6 feet above sea level. Any major storm locks that part of town down for days. My own building's parking lot is 5 feet above sea level, and yes, it's flooded every time we have a storm.