> You can insure yourself for like $30k, and you don't have $30k lying around paying $100 bucks a month is a terrible financial decision. Certainly not here (W

> You can insure yourself for like $30k, and you don't have $30k lying around paying $100 bucks a month is a terrible financial decision. Certainly not here (Washington), you must have at least $60,000 AND it MUST be deposited with the DOL or State, unavailable to you, and you will not earn interest on it. How do you propose people get to and from work to come up with $30-60K in savings that they can afford just to have sitting on account with the state? > Take out a personal loan or save the money you would spend on insurance evry year You're generally paying around 9-12% on this personal loan. Say it's over 5 years (that's assuming you can afford the $1,300/month payment), you're paying $21,000 in interest. > Buying insurance is for npcs. So your solution to NOT pay $50-100 a month for insurance is to pay a lender $1,300/mo for 5 years (assuming the amounts haven't increased then)? I don't think you've actually thought this through. It literally would take you FIFTY YEARS to break even on this plan. And in the meantime, you're only "insured" for the minimums, and if you're in a car accident at fault can easily be sued for more.