Chris Rock summed it up best, they should call it "In case shit". I can understand the side of not wanting to pay such high prices, but "in case shit happens", I don't want to be caught out of it paying for an empty spot in my driveway, paying for someone elses car because I was irresponsible or paying money off for 10 years with nothing to show for it.....
As for the other topic brought up anyone with no insurance at all should be belted across the face with a large trout.