If you must drive in most countries it's compulsory that you buy a form of insurance coverage. Nevertheless, is that the only reason a vehicle insurance coverage is necessary -- To satisfy the requirements of the authorities?
Most people apply for their California auto insurance coverage with that mentality. They just ensure they get an auto policy that meets their state's minimum requirements.
You guessed right: Something happens (No, they never knew it could happen to them) and then they start looking for a wayout. If they are very fortunate, they'll learn a lesson by loosing their car to theft or fire. This is about the worst that could happen. It could be devastating if they have a court rule that they compensate injured or affected people in an accident. This could be as high as five million dollars. So unless they are really rich, liquidation becomes inevitable.
Painful as it seems, it could occur to anyone who doesn't protect him/herself. So before you start explaining the wisdom behind getting the barest minimum (Even questioning why you must be compelled to take car insurance at all), think deeply.
Now, I know it is pretty obvious that auto insurance isn't just something you do because the law says so. It is done for your own good.
This shouldn't have been an issue if everyone had several financial resources. This is why so experts have taken out much time to build sites that will help you make as much savings as possible (up to two thousand dollars sometimes). This is not the savings you make by getting policies that compromise you. Those sites show you how to make real savings while getting the best coverage for you. You can take advantage of these quotes sites for massive savings.
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