Is Vehicle Trust Required To Have A Bank Account
Yes, almost certainly. Unless one can afford private insurance (~$25,000 deposit in mutual trust with Secretary of State), public insurance is required. The insurance company will legally require the payments (check, wire, credit card) be in the name of the trust. Even if the insurance company accepted payments from another entity, it will be a legal disaster for the trust. How could the trust claim ownership of a policy it never made payments for from its own bank account.