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Just learned today that if you plop $35K in a bank account & give a bank passport to the DMV, you're considered financially responsibile for you own vehicle (and therefore are not required to have an insurance provider).
Probably not the best thing to do unless you're filthy stinking rich & can cover lawsuits and such, but if you are filthy stinking rich (or thereabouts) and have a fleet - this might not be such a bad option. You also get the benefit of no rate increase for driving poorly.
Case 2 for no insurance: If you have over 25 cars and are worth more than $500K (or so - maybe it was closer to $600K), you're considered financially responsible for yourself. You have to provide proof of income for the last 6 years and have to renew each year, but hey... If you've got the dough, keep it.
useless trivia fact #379.... and may only cover CA.
Probably not the best thing to do unless you're filthy stinking rich & can cover lawsuits and such, but if you are filthy stinking rich (or thereabouts) and have a fleet - this might not be such a bad option. You also get the benefit of no rate increase for driving poorly.
Case 2 for no insurance: If you have over 25 cars and are worth more than $500K (or so - maybe it was closer to $600K), you're considered financially responsible for yourself. You have to provide proof of income for the last 6 years and have to renew each year, but hey... If you've got the dough, keep it.
useless trivia fact #379.... and may only cover CA.