[justinator]

But why would one do that, rather than pay insurance? What's the benefit to the driver?

[Aloha]

In the long run, its cheaper - if you have the initial capital.

[justinator]

So it's an example of, "being poor is more expensive than being rich"

Any other pluses to doing it this way?

[Aloha]

One less thing to worry about, you file the bond once, and its good forever