Since I'm on a Rant - Liability Insurance

I'm willing to be convinced on why, in the state of Texas, we are required to buy liability insurance to protect the other person's vehicle.

Why couldn't each person have the option of purchasing insurance to protect his own vehicle? It would of course be a better practice to carry the insurance, so that you're insured. And of course banks could still require full coverage on any vehicles that are financed. Being uninsured is not the goal. It's giving people a choice.

Even better, what if each person could get an insurance card that he carried with him, so that it protected whatever vehicle he was driving? Coverage on your own vehicles could still be available, in case of theft, etc.

With my proposed system, no one would have to worry about having an accident with an uninsured motorist. And if a person didn't have insurance, then they would not be protected. Unwise, sure, but each person would have that option.

I don't understand how our present system is the best -- other than as a revenue source, a golden goose to fill the state coffers by fining people exorbitantly for not having liability insurance.

I'm willing to be convinced, but it better be good.