Since I paid for the car without borrowing money, there was no need to insure it for damage; I only carry liability insurance. No "collision" (another car hits

Since I paid for the car without borrowing money, there was no need to insure it for damage; I only carry liability insurance. No "collision" (another car hits mine) or "comprehensive" (a coyote drops a safe on it) insurance. I lose if my car gets damaged. But insurance premiums are negligible, a dollar per day. For the other used EV I purchased, my wife asked me to get an auto loan. The car value is $18,000 and the lender requires a certain amount of insurance on the car. The insurance alone is more than $100/month.