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A good pair of wire strippers is a must for electrical work, but you don't necessarily need to spend a ton of money on them ...
it is hard to go back to stripping wires with an ordinary tool. I know, I know. When I first heard of such a thing, I thought what you are probably thinking now: maybe for some exotic coated wire ...
To get the best value, you'll need the right tools to speed through the material. If you choose to remove the insulation, you can always get a wire-stripping machine to blast through scrap bundles.
Better to cut the bolts precisely to length using the right tool. Your multi-purpose wire strippers are the right choice because they're already in your hand when you're doing electrical work ...