I can agree on all points except insurance. Keep in mind that insurance company is making a bet with you that you will collect much smaller amounts from them compared to premiums you will be paying out all your life.
I never bought collision insurance since first new car in 1964. I am good defensive driver, never had an accident in 64 years of driving in places like Chicago (37 years of 70 miles round trip to work every day through entire city of Chicago), I made the right decision to buy only required minimum liability insurance. I can buy 2 new cars with the money saved. Currently I am skipping home insurance since fire hazard odds are extremely low in a 5 year new house. If house burns down to ground, I can build a new one with savings. In the meanwhile I am saving 4 figures every year.
BS! You are one of those that think you are so much smarter than anyone else.
I trust you’re investing your savings in a self insurance fund that you maintain against an unlikely but devastating loss. If not, you’re deceiving yourself.
I've been thinking about this. I paid off my car early (it's a 2020) but kept the full coverage. But it's going up, dramatically, even as the value of my car goes down. I resent this a lot. I'm thinking of dropping my coverage to basic liability. My only fear is hitting a deer. I live in a rural area and the damn things leap out in front of cars like they're on suicide runs. I haven't decided yet.