This is oversimplified nonsense and borders on irresponsible, particularly the line saying that if your car suffers $3,000 of damage you should pay for it out o

This is oversimplified nonsense and borders on irresponsible, particularly the line saying that if your car suffers $3,000 of damage you should pay for it out of pocket, simply because you have $10k in savings. The right amount of insurance is a highly personal decision and many factors are involved. It's not black and white.