Comment by sagarm
1 day ago
In California you can post a surety bond in lieu of insurance. I'm sure the same applies in other states with governance that is not captured by corporate interests.
1 day ago
In California you can post a surety bond in lieu of insurance. I'm sure the same applies in other states with governance that is not captured by corporate interests.
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
You 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...
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.
Thats 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