Comment by tredre3

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.