How To Self-Insure A Vehicle

How To Self-Insure A Vehicle

Virtually all states have statutes that outline the requirements for Self-Insurance or Private Passenger Vehicle Insurance. States often allow a cash deposit with the DMV (Department of Motor Vehicles) of $xx,000. The DMV will then issue a "self-insurance certificate" to be presented at any incident or traffic stop. Alternatively, a surety bond for the required insurance amount from a company that is licensed to do business within the given state.

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