To tell the truth, auto insurance is three things in one package. It is first and foremost a state prerequisite, it is what you need to make sure any damage you involuntarily make to other people is paid for with no sudden payments required from you, and it is a way for the state to make sure that all parties in an accident are provided justice, the culprit gets to pay up those who were the victims.
Whichever way you look at it, it is a win-win scenario for you. This way all you see is a regular amount of money you pay to an authority so that in case of an accident you are not required to pay up the expenses right off which could possibly wither off all your dreams of a newer car or your own home.
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