Is insurance worth it?

[rocket rod 7777]

I 've thought about this for a while now.Why dont we have a compulsory extended 3rd party(other vehicle).Whoever causes an accident at least has insurance to cover the other vehicle they have slammed!If you cause the accident then you wear it.This system should be a user pay system,say on petrol with some sort of a rebate to people who use vehicles for their income.It would be fair to say the more your on the road the more likely an accident.It would also be fair for people who own more than 1 vehicle as you cant be using more than one at a time.While on registrations,you pay the coffers to register a vehicle in your name,right.Then why then do we pay for it every year when it is still in the same name????My 2c worth:"> <i></i>