Over spring break, I had the opportunity to purchase my first car. The salesman at the dealership told my father and me that if I was the sole owner of the car, I would have to pay a lot of money for automobile insurance—compared to a “normal” adult. My dad and I eventually decided to be co-owners of the vehicle in order to save money through the insurance plan, since my father is cheaper to insure. Historically, insurance plans were created to cover serious accidents that seldom occur. Property insurance arose in the 17th century in order to protect landowners from fire damage. Life insurance policies emerged a century later as a means of financially protecting families against the unexpected deaths of family members.