On the insurance front – no-one wants to pay any more than they need to for insurance, and the insurance industry is extremely competitive.
If you’ve got the choice between buying an expensive policy from insurer a) who takes on everything and anyone for the same premium, regardless of risk, or a cheaper policy from company b) that’s a bit more selective and precise, and able to offer insurance at a price more in line with your level of risk, which would you choose?
insurance company a) will end up attracting only the worst risks, leaving company b) with the pick of the better risks.
Lucky you if you’re a bad risk with company a), as long as they don’t go bust before you need to claim.