Meh, for a "small" sum of money, which can vary, Australians are covered bu a "green slip" for up to 20 million dollars, this covers
"You, your passengers or pillion passenger
Anyone else driving or riding your vehicle
The drivers, riders and passengers of other vehicles injured by your vehicle
Other road users, including cyclists and pedestrians, injured by your vehicle
If a person dies as a result of the accident, close relatives may also be able to claim some expenses."
We also have comprehensive and third party
Comprehensive cost vary quite a bit
"A comprehensive car insurance policy provides the highest level of protection of the available types of cover in Australia. It typically covers you for damage to your vehicle and damage to other driver’s vehicles or property.
Furthermore, it covers damage caused by fire, storm, hail, and replacement costs if your vehicle is stolen. A comprehensive policy covers the cost of repairs regardless of which party is responsible for the damage. It also covers features like having a hire car while yours is at the shop getting repaired, or replacing your windshield."
There is also third party only (tpo), this only cover damage or injuries to others, also third party fire and theft, this still doesn't fix your car if you crash.
It seems that my point may have been missed in previous posts, my initial statement was how can someone be out of pocket when there is insurance that can cover all situations.
I have the "green slip and comprehensive", for a small outlay every year I am covered for everything, I would not even concider operating a car or motorbike without it.
Comprehension skills: I could be wrong, but, it seems that in Canada the government covers your "green slip", is this typical for America?
For vehicle repairs, to me it seems that you can have whatever amount of insurance you want, with the OP not having enough to cover a minor accident.
I'm just curious in the differences in how you guys insure your vehicles.
Lets leave cost out of it, my mistake was adding a cost for a product/service, I do this often with international purchases, yes, even between different financial systems in different countries.
TL
R, insurance isn't needed, until it's needed, and when it is you better have enough coverage.