Sales people asking you if you want insurance at a counter leans on your anxiety and often leads you to end up buying it. Should you? Well, if it is rental car insurance, Vox says no and does so persuasively, here: Why rental car insurance is usually a rip-off – Vox.
Two other places I see people wasting money on insurance is toys and video games. Toys R Us used to push insurance on me all the time. Before you buy it, consider how your child plays with a toy. Chances are, the insurance doesn’t buy you anything. If it is the only toy you are going to buy your child and the only one they will play with for a long time, then sure. But most children will play intently with a toy for awhile and then the interest drops.
Likewise with video games. Perhaps your child will play with it for a year and it will be their favorite game. Most times, I’ll bet they play intently for awhile, and then the interest drops. During that time, the chance of damage is very slight.
The insurance for toys and video games is low, but it buys you next to nothing. If the store said: do you mind if we charge you an extra 5-10% on this item, you would laugh and say “no!”. Yet that is what they are doing with insurance.
Skip it and use the few bucks to treat your child to a sweet or yourself to a coffee or give it to someone in need.