JT
As I understand it, here in Texas you can opt out of buying auto insurance if you can assure that you are financially able to compensate for any damages.
back in the 80s in California,
you could post a $35k bond to the DMV and drive on that in lieu of insurance.
When you are done driving (presumable decades later) you turn in your license and get your bond money back
So yes,
You put up $x and get $x back
= decades of driving without insurance for 'free'.