On the other hand, you likely need more liability insurance with more wealth, at least in the range where this topic of affordable transport comes up. In an ac

On the other hand, you likely need more liability insurance with more wealth, at least in the range where this topic of affordable transport comes up. In an accident, your risk becomes not the cost to restore your ride, but the cost to defend yourself from vampire litigants looking to suck you dry. Without significant assets, you can just treat bankruptcy as your answer here. With growing assets at middle-class and higher levels, that would be a pretty painful outcome for most. I suppose, once you are fabulously wealthy, you can wisely be self-insured again, simply trusting that your wealth can defend itself in a sustainable way?