The Buckets by Greg Cravens for February 19, 2003
Transcript:
"Let me get this straight. We pay money to an insurance company so that they'll pay the bills if we have an accident." "Right. Except we still pay more for accidents..." "But if you drive for years and years without ever asking them to pay for anything, they never have to give the money back, but you just keep paying them." "Riiiight..." "And it's illegal to drive without paying an insurance company?!" "Today, you are a man."
I don’t know about other states, but in Texas you can get away without insurance if you give the court a deposit of $55,000 as assurity of financial responsibility. Over the long term that’s surely cheaper, but few people have that kind of cash to spare.