If you actually own a car, then odds are you intend to drive it. If you intend to drive it, then sooner or later you'll almost certainly end up in a road accident. It's after being in an accident, when your car is badly damaged, that you'll either be thankful of your car insurance covering the costs or regret the fact that you never bothered. Regardless of the legality of driving without car insurance in many countries - or lack thereof - the sheer amount of damage that can be done to your car can be devastating if you never bothered with insurance.
That's why it's highly recommended that you take a careful look at ensuring that car is insured with the best possible scheme for you. Note that "best" doesn't mean "most expensive" (as any legitimate form of car insurance can sort out the legal side of things in most countries) simply because the reason you're taking out insurance is to stop yourself from being potentially a few grand out of pocket when the repair bill comes in. In general, though, it is true that the car owner will be all-too aware of the recurring nature of having to pay for car insurance.
Let us say that you end up spending more on insurance than you do on your car, and don't have any accidents. Then clearly there will be a time when you start wondering at the whole point of the insurance policy. Regardless of that, though, if you happen to drive in an area where car insurance is a legal requirement (vast swathes of the world, really) then you'll need some kind of insurance scheme, but it doesn't have to be the most costly one.
Toning down your payments per month might be a viable option by looking at moving to some other insurer. But the fact of the matter is that when you do need to call on your insurance you'll almost certainly wish that you hadn't switched. One way of looking at the long-term reasoning behind making sure that your car is well insured is that, in some respects. It's a little like a loan that works in reverse: instead of getting the lump sum of money at the start, you receive it at the end. This allows you to get either your current car repaired or at least contribute a fairly hefty sum towards buying a new one.
The peace of mind that comes with knowing that, should someone damage your car, sorting out the problem is relatively hassle-free is more than enough to warrant the relatively small payments. At least you won't have a major issue financially in the foreseeable future. The point to emphasize is that being without a car when you, say, travel to work everyday in one can cost you dearly due to the sudden extra amount of effort that you have to put in to earning the money to pay for a new set of wheels. If you were insured at the time, however, many policies include a "courtesy" car. This effectively allows you to keep moving while the current problem with your car sorts itself out.
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