There are many countries where insurance is not required by law and they are doing just fine.
Linas Don't drive like an a@@ and you will not hit that Farrari. Go back to driving school. I think if someone gets into accident that is clearly their fault, they should be spanked, driving rovked forever and jailed in my opinion. Mistakes happen but they are never eye poping big. I am generalizing here of course so I must be wrong and I am exagerating. But point being, if you drive well within speed limit, know the priorities, drive road worthy car, drive according to conditions, drive with full concentration, drive smart and avoid unnecessary travel, take routes that are less busy etc etc you minimize the chances. Now if someone hits you, its their problem not yours. They should fork out cash.
If someone who cannot afford to get into accident should not be driving like an a@@ in the first place or have insurance. That is my view and I stand by it. I keep two car distances between the car infront of me at 30mph and the guy in my rear view can do f all. Not caring. Never crossed 70mph. Never crossed 20mph limit. Que behind me? that is their fault for over speeding and causing batches.
I pay x3 times the value of my car for insurance... Isn't that a joke?
Insurance is biggest scam in the world and people who buy it are either forced or they know they are pish poor at driving and get into accident. Again, my view but I am too annoyed at this. I know a guy who gets insurance on everthing... why? he f ing breaks them so he can claim insurance and get a new item. Drops his laptop intentially etc. What a con. And calls himself a pure proud brit.