Insurance is something that is a must to have for any person, and this applies to you as well. Whether it is personal insurance or insurance for your vehicle, whatever is your need, it is a must you should go for.
If you miss it because of negligence, then it can cost you much more than insurance fee you need to pay.
It is better not to save the fee instead you can save in another spending which is not very necessary as they seem to like.
It is better for an individual to plan his expenditure in an appropriate manner so that he never miss thing which is a priority and must have for him.