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Someone should get fired for this

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Your lack of understanding is scary. Do you understand that when you are sued, you will be sued for damages beyond just the damage done to their car? Do you know—to the extent multiple people are involved in the accident—they will sue you as well?
Sure, you likely won’t have the assets to pay, but then you may be put into a payment plan via a court order.
This is what I like to call barbarous jape
Good april fools joke OP
Nah, I’ll take the insurance laws. Most people are grease fires with money and irresponsible and wouldn’t be able to take responsibility for their actions. If some moron side swipes my Mercedes, I’d rather be rest assured that Nationwide is on MY side vs. an empty checking account of someone who hits me. It’s just the way the world works, get used to it.
Ha! Especially because in some states if a car registered to you isn’t insured your license can be revoked.