2 ms·
Can you elaborate on this some? Afaik insurance is the only thing they would accept. I think insurance is generally a nasty scam so anything to get away from it
by CableNinja 20d ago
Can you elaborate on this some? Afaik insurance is the only thing they would accept. I think insurance is generally a nasty scam so anything to get away from it would be pretty neat
- tredre3 20d agoYou have to deposit $75,000 to the DMV and if you get in an accident where you're at fault you will also be on the hook for damages beyond that. You can also get a surety bond for that amount, instead of doing a cash deposit. It used to be 35k but it was increased in late 2024 (which is good because it hadn't increased since the 70s). https://www.dmv.ca.gov/portal/vehicle-registration/insurance-requirements/ https://www.dmv.ca.gov/portal/vehicle-registration/insurance... But to do that you really have to hate insurers or be uninsurable. Because realistically putting that 75k in a basic HISA will yield enough interests to pay for regular car insurance and you get to keep your 75k.
- CableNinja 19d agoThats quite a lot more than i expected, i just have never had a good experience with insurance, everything is a long drawn fight. Probably not worth it unless under specific circumstances