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Because it's the law to have certain insurance like health and car insurance.
by hanniabu 7y ago
Because it's the law to have certain insurance like health and car insurance.
- daveFNbuck 7y agoYou don't have to have health insurance. You have to pay a fine for not having health insurance. Many people decide that the fine is the cheaper option, so health insurance companies at least have to compete with that.
- gtCameron 7y agoThe "fine" is now $0 after the tax cuts last year
- homonculus1 7y agoYou don't "have to" do anything under the law. Nobody comes and holds you by the wrist and makes you do it. You just have to pay fines, or go to jail for not doing it.
- syshum 7y agoTo drive on the public roads you have to prove "Financial Responsibility" for most people the cheapest and most effective way to do that is Auto Insurance, however every state i am aware of has alternatives, aka "Self Insure" that can be a Bond, or some other guarantee that you are able to cover the minimum liability of state