@Laotionne - I agree that saving a little money each month to prepare for the cost of repairing a washing machine is a good idea, and this will save you money that you would have spent buying an insurance policy for the machine. However, I can see one potential problem with this approach.
If you are concerned about the cost of the insurance then I assume you are on a tight budget. So what happens when your car needs repairs and you don't have the money available. My guess is that you will borrow from the money you have saved for the washing machine repair.
So, basically what I am saying is that while your approach sounds like a good idea, there is a good chance that the money will have been spent on something else by the time your washing machine breaks down, and then you are stuck with no working washing machine, no money to repair it, and no washing machine insurance to cover the cost of repairs.