If you believe strongly in buying insurance you should buy the lottery. The reason is that when you buy insurance, you are paying for a possible cause of mishap. This cost of the mishap has already been heavily linked with your premium. In other words, the higher the risk, the more expensive it is. You gain from insurance when an unexpected thing happens. Otherwise you just net even with the premium or even lose.
When you buy the lottery, you win big with a very slim probability. Isn’t that what insurance premium is? They also say the casino never loses…