Car insurance information is freely available from your insurance company and from the web itself as well. There are so many companies out there that are doing their best to educate the consumer. The basic idea behind insurance is to gather small premiums, well small in the eyes of the insurance company, so that they have the funds to pay out the bigger losses when they occur. Yes, they are making money off you, but they have overheads that need to be paid as well as salaries for the people who will assist you when you need them. So even though you are paying premiums for years, you might thank your stars you had your insurance when you have a claim. Should you decide to go without insurance and to rather save that money in the bank in case you have an incident, you have no guarantee that you will have saved up enough funds to replace your vehicle or to repair it, should it come to that. This is where the benefit of the pooled funds comes in handy. Rest assured and rather insure your car.