Why Are We Required To Buy Car Insurance? 
The reason you are required to have insurance is because in the event of you causing injury or damage to someone else . Your insurance pays for that . Now there is such a thing as self insured which means you can afford to pay for all damages yourself . but the thought can be quite frightful , Example you plow into a school bus full of children because your tire blew and you killed a bunch of children would you be willing to risk everything you own to pay for the damages ? That is why you have insurance is to cover damages to others . On the flip side that also covers you if you have un insured and under insured coverage 's so that if someone hit you and has no insurance then your medical bills are covered also 