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Some states do allow "self insurance". Texas being one of them. If you deposit $55,000 with the Texas state comptroller you do not have to purchase liability insurance.
Personally I do not have $55,000 just lying around, plus I do not like the idea that one bad day and the entire amount could be lost. (Imagine hitting a new Mercedes Benz) Insurance seems like a much better deal. I pay <$300 /yr for my very basic insurance policy with USAA, plus I get a partial refund at the end of the year. ($200,000 in liability coverage) I highly recommend USAA to all prior service military and their families (USAA will allow family of prior-service people to join as well).
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