Es la verdad!

One more point that you may want to consider.

While your driving skills may be wonderful, that will not prevent the local policia from stopping you for some infraction, real or imagined. They can then ask for your proof of insurance. Lacking that, you may be a.) taken to the local jail and fined and forced to get insurance, or b.) be releived of all of your available cash by the local policia allegedly to prevent scenario a.
Both of these will be far more expensive options than insurance.