4 ms·

Some states don't require car insurance, e.g. Virginia.

by s_q_b 12y ago

72deluxe 12y ago
So what happens if you hit someone else?
- s_q_b 12y ago
  You're personally liable. Let me be clear on this: I'm not advocating being uninsured, and of course I insure my own vehicle. I'm just pointing out there are some states that don't require it.
  - 72deluxe 12y ago
    Wow, a great way to save money though I suppose? Best drive carefully and hope the accident is the other person's fault! Personal liability for accidents is a horrifying thought.
    - s_q_b 12y ago
      Seriously, can you imagine being individually liable for personal injury in an accident, with no insurance company lawyer to back you up? Insanity.
awavering 12y ago
Virginia requires the following minimum coverage: Bodily injury/death of one person $25,000 Bodily injury/death of two or more persons $50,000 Property damage $20,000 https://www.dmv.virginia.gov/vehicles/#insurance.asp https://www.dmv.virginia.gov/vehicles/#insurance.asp
- s_q_b 12y ago
  IFF you have insurance: "The Virginia Uninsured Motor Vehicle (UMV) fee allows a motor vehicle owner to register an uninsured motor vehicle. At the time of registration, the motor vehicle owner must certify whether the vehicle is insured or uninsured. If the vehicle is uninsured, the motor vehicle owner is required to pay to DMV a $500 uninsured motor vehicle fee in addition to normal registration fees. Payment of the $500 fee does not provide the motorist with any insurance coverage. If involved in an accident, the uninsured motorist remains personally liable. This fee is valid for twelve months but may be prorated for a shorter amount of time." https://www.dmv.virginia.gov/vehicles/#uninsured_fee.asp https://www.dmv.virginia.gov/vehicles/#uninsured_fee.asp
fiatmoney 12y ago
Most (maybe all) of the ones that don't require insurance require you instead to post a bond. "In some cases, substitutions, such as a bond from an insurance company or a cash deposit of $60,000 posted with the Wisconsin Department of Transportation (WisDOT) will be accepted." http://www.dot.wisconsin.gov/drivers/drivers/apply/doc/proof-of-ins.htm http://www.dot.wisconsin.gov/drivers/drivers/apply/doc/proof...
- s_q_b 12y ago
  Virginia might actually be the only state that allows un-bonded uninsured motorists. I know it shocked me when I learned they allowed it.

Some states don't require car insurance, e.g. Virginia.

by s_q_b 12y ago

Some states don't require car insurance, e.g. Virginia.

72deluxe 12y ago

So what happens if you hit someone else?

s_q_b 12y ago
You're personally liable. Let me be clear on this: I'm not advocating being uninsured, and of course I insure my own vehicle. I'm just pointing out there are some states that don't require it.
- 72deluxe 12y ago
  Wow, a great way to save money though I suppose? Best drive carefully and hope the accident is the other person's fault! Personal liability for accidents is a horrifying thought.
  - s_q_b 12y ago
    Seriously, can you imagine being individually liable for personal injury in an accident, with no insurance company lawyer to back you up? Insanity.

awavering 12y ago

Virginia requires the following minimum coverage: Bodily injury/death of one person $25,000 Bodily injury/death of two or more persons $50,000 Property damage $20,000 https://www.dmv.virginia.gov/vehicles/#insurance.asp https://www.dmv.virginia.gov/vehicles/#insurance.asp

s_q_b 12y ago
IFF you have insurance: "The Virginia Uninsured Motor Vehicle (UMV) fee allows a motor vehicle owner to register an uninsured motor vehicle. At the time of registration, the motor vehicle owner must certify whether the vehicle is insured or uninsured. If the vehicle is uninsured, the motor vehicle owner is required to pay to DMV a $500 uninsured motor vehicle fee in addition to normal registration fees. Payment of the $500 fee does not provide the motorist with any insurance coverage. If involved in an accident, the uninsured motorist remains personally liable. This fee is valid for twelve months but may be prorated for a shorter amount of time." https://www.dmv.virginia.gov/vehicles/#uninsured_fee.asp https://www.dmv.virginia.gov/vehicles/#uninsured_fee.asp

fiatmoney 12y ago

Most (maybe all) of the ones that don't require insurance require you instead to post a bond. "In some cases, substitutions, such as a bond from an insurance company or a cash deposit of $60,000 posted with the Wisconsin Department of Transportation (WisDOT) will be accepted." http://www.dot.wisconsin.gov/drivers/drivers/apply/doc/proof-of-ins.htm http://www.dot.wisconsin.gov/drivers/drivers/apply/doc/proof...

s_q_b 12y ago
Virginia might actually be the only state that allows un-bonded uninsured motorists. I know it shocked me when I learned they allowed it.