Sorry dear, I believe in insurance, lots of it. And the example given was a real life one where my nephew was run over in the crosswalk, minding his business going to middle school by someone who knew their insurance was expired, but was going to pay it at lunch time when she got her check. Major surgery, my sister off of work for 6 months while he recovered.... and my family got to pay for it all.
I've yet to see an $800/mo insurance policy yet (dramatic much??), but I'll tell you that my policy limits are so high (with an umbrella policy) that I could believe that I could hit a couple of Porsches and be OK. If you have a premium that's $800/mo, then it probably has more to do with the fact that your driving is as bad as your command of the language.