I looked into it as I prefer to self-insure for any non-catastrophic risk. It makes absolutely no sense for me to post a bond for such a small amount when I ca

I looked into it as I prefer to self-insure for any non-catastrophic risk. It makes absolutely no sense for me to post a bond for such a small amount when I can get ~10x the coverage, plus all the claims handling, for $1200/yr for two cars and two drivers. It would make sense if I was a business who had hundreds of cars or some other weird corner case perhaps, but regular people who could afford to post a bond have a better option in the insurance market.