There is a benefit to having elections so frequently. At least for some people.
If you are Haredi and vote for a Haredi party, you get so many more opportunities for fulfilling the mitzva of doing what the rabbis instruct you. If you are a Religious Zionist, no matter who you vote for it is an opportunity to get the mitzva of voting for the government of the State of Israel, being part of the mitzva of yishuv haaretz.
The dysfunctional government of the past couple of years has been very good for the religious public. Very supportive of creating opportunities for mitzvas.
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