Who pays for insurance?

Answer 1

For most types of insurance the insured (i.e. you) pays for the insurance via premiums. The insurance company makes its money by calculating loss expectations and setting the premiums high enough across the entire group of insured such that after paying the worst case estimated loses they still have money left over to pay their operating costs plus profits.

Some types of insurance are subsidized by the government using taxpayer's money to reduce premium costs and encourage people to get insurance that might otherwise be too expensive.