*Loan,banking and credit>>>auto insurance

Auto insurance. Do you think it is a rip-off?

I live in MI and auto insurance takes so much of my monthly income. I believe auto insurance should be a choice. Not mandatory.

It doesn't help that you live in a state that rates higher on auto insurance. If you moved to another state and get quotes for that state, you will realize that MI is expensive on insurance.

sure until you have a wreck, oh and by the way,, the wreck does not have to be your fault, sombody runs a red light and whamo its 5000 to fix your car, i was in a car wreck with a guy that had no insurance and i think he s still paying off the hospital bill from 5 years ago, plus my insurance sues the crap out him, so he will pay through the nose for a very long time,, i got a check within 30 days
I can't understand why it would eat up a significant portion of your income. The only reasonable explination is that you have a loan outstanding on the vehicle.

Law only requires that you carry liability. This is usually fairly cheap. However, if you have a loan on your vehicle, your LENDER (or bank) requires that you have full coverage. The obvious way around this: stop buying cars that you can't affford. Pay cash for your vehicle, even if it mean you have to drive a POS.

The other option: lie. Don't carry insurance, except when you tag your car. If you are a safe driver, and you don't get into accidents, it won't matter. If you do get pulled over and ticketed, it entirely legal to run out that same day and get insurance. You will beat the ticket.

If you don't like the way the system works, find a different way to work the system. Otherwise, you will never get ahead.
The problem with any insurance is that we all feel like we are thowing your money away. But before you say you want car insurance to be a option rather than a must consider this:

If you are in a wreck and the other person is at fault, this means the other person or other person's insurance should cover any damage to your vehicle or your person. Now lets say that the other person by choice doesn't have insurance and absolutely refuses to pay for any damage. You could take them to court for the money but if they don't have the money its kinda like trying to get blood from a turnip.

As long as everyone is required to buy insurance then you know if you are in an accident and you are not at fault you know that the other person's insurance will pay for any damage with out your insurance going up. If your insurance had to cover all damage even if the accident wasn't your fault your premiums would be even higher.
First off it may feel like a rip off if you never need it but that first accident you will be glad you have it, No it should not be a choice to have insurance I've been in accidents where the guy that hit me didn't have insurance and I had to pay to fix my car and he ran the stop light, I paid the hospital bill when I had a punchered lung, 2 broken ribs. Unless you have millions of dollars in your pocket you can't afford to be in a accident without insurance.
Reduce your coverage to PLPD, if your car is paid for. If you have an accident, injure or kill somebody, at the very least there will be some compensation for the person you hit. PLPD will cover only damages to others, not so much you, and definitely not the damage to your car. Your choice, but if someone hit me, injured me, they would live in the "poor house" for the remainder of their life. Considering, they were driving un-insured.
If that is the case then it is probably that you are under the age of 25 or you have some stuff on your record. The longer you stay wreck and ticket free and with the same insurance your rate will lower. I have been with the same insurance for 2 years and every 6 months my premium drops. Hang in there and yours will too. Good luck