What State Doesn't Require Auto Insurance?
What state doesn't require auto insurance? A lot of drivers ask this question with their bags all packed. It’s true that insurance costs a lot, but it’s worth that cost most of the time.
The answer to the question above (what state doesn't require auto insurance?) is that all states with the exception of New Hampshire require motorists to have collision insurance. However, some states might not require all motorists to have bodily harm insurance. New Hampshire does not require drivers to purchase collision insurance, but it is still a good idea if you don’t want to wind up in a mess (more on that topic in a bit). Auto insurance laws tend to vary from state to state, though some states are a bit different than others.
The state of Virginia requires all motorists to pay a fee of $500 per year if they do not have liability insurance. Likewise, the state of North Carolina requires that all motorists purchase liability insurance before they can even be issued a license. From state to state, laws regarding insurance tend to fluctuate, but it’s a good idea to have both collision and bodily harm insurance no matter where you are. Why? Simply put, if you don’t have any kind of insurance, you will be responsible for paying damage and bodily harm costs up front. For example: if you get into an accident that was your fault, you will have to pay for the other person’s car and medical bills out of pocket. Now, unless you have a large trust fund, this can be quite a hefty fee.
Some people argue that insurance is not necessary if you are a careful driver. While this might be true, there are lots of different drivers on the road. Some of those drivers might have perfect driving records, but some of them may cause a lot of accidents. If you wind up in an accident that wasn’t your fault, you may have to pay a percentage of medical and car repair bills. In the case of car insurance, it may seem logical to skip those monthly payments, but it never really pays off in the end. Instead of trying to find out what state doesn't require auto insurance, and then moving there, consider shopping around for the best possible policy.
If you find an insurance company with a low rate and a good policy, you really shouldn’t skip that auto insurance. Sure, you may have to pay a monthly fee that will cut into your spending money, but this small amount will seem insignificant if you do get into an accident. If you are worried about bad credit, there are some companies out there that will insure those with a bad credit history too. So, really, don’t forego auto insurance simply to save a few bucks.
Now that you know what state doesn't require auto insurance, consider the suggestions listed above before you decide to move to that state. Auto insurance can be life saving, but not having insurance can cost you a lot of money…and possibly your life. Weigh your options carefully before you decide to cut out your car insurance.