• Rivalarrival
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    2 days ago

    The second one is actually a thing. Wrong nomenclature, but you can deposit ~$30,000 with the state and not pay a car insurance bill.

    • Treczoks@lemmy.world
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      1 day ago

      Chances are that they want to see real 30k dollars, not sovcit invented ones like their famous “coupons”.

    • TexasDrunk@lemmy.world
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      2 days ago

      Yep, depending on exactly what you’re doing there are a few ways. Unless you’re VERY well off or have a fleet of cars it’s almost never worth it.

      Surety bonds are one way, and you’re talking about self insurance. Many states offer one or both, and the self insurance route can be anything between 10k and 127k depending on state law.

      But I’m sure that guy is talking about some paperwork you can file to make other people pay when you rear end someone without a driver’s license.