Isn't this the entire point of full disk encryption? You mention cost, but what is even the benefit of encryption that's unlocked by just booting?
So, data on a stolen laptop which has an unprotected TPM (no PIN to boot) can be considered compromised.
If a laptop is stolen the thief can wait sufficiently long for some vulnerability to be discovered somewhere in the stack. With LUKS only the LUKS encryption has to be good and full disk encryption protects the data.
Ideally, your login screen is secure and allows no bypasses into a shell or similar, so you cannot really access any files on the hard drive.
And if you modify some system files or boot another operating system to get around this, you are required to know the disk encryption password to get to them.