How important are Android security patches?

Once a month, Google updates the Android Security Bulletin and releases a new security patch for Pixel and Nexus phones. Other OEMs like Sony and Essential have been getting better at pushing these updates just as fast as Google does, but the likes of Samsung, LG, and others often keep users waiting and waiting for the latest patch.

These security-focused updates help to ensure your phone is as safe as can be from any potential bugs/issues, but how important are they really in day-to-day use?

One of our forum users recently popped this question, and these are a few of the responses they received.