Think of it this way. Insurance is like asking your parents for money when something terrible happens (”hello mom, the roof blew off the house”). So, you wouldn’t want to ask them for cash for something small. You don’t need a PS2 anyway. I think I can get you a Sega Genesis if you are interested.

I guess it just feels like a penalty for getting what you’ve paid for.

The insurance companies expect you to only come to them for major expenses. They want you to take care of little things out-of-pocket. This is there way of making sure you do that. You can get insurance with zero deductible, but of course it costs more every month.