Auto Insurance

Instead of buying auto insurance can an individual legally be self insured for their vehicles and if so how do you do that?


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Wiki User
2015-07-16 18:22:09
2015-07-16 18:22:09

It depends on the state you reside in. If permitted you would need to be bonded by having a certain amount of money "locked" in an account that you would have no access to unless you were to insure your vehicle by normal means.


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Only VEHICLES are required to be insured, not individual drivers.

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Only your insurance company can answer that - mine does... I have insured vehicles that were not in my name and insured vehicles in my name for other drivers - Geico... I have also loaned vehicles that were in collisions and they still covered them even though I did not specifically "add a driver".

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The vehicle is insured not the individual. You can pay for and obtain the insurance in the name of the owner with you listed as an insured operator.

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All drivers are required by law to carry proof of Financial Responsibility. So if you are an insured driver under the terms of the Auto Insurance Contract then you are covered to drive it. If you are not an insured under the terms of that policy then you are not covered. Remember, Vehicles do not drive themselves and vehicles do not carry insurance, People do. Auto Insurance Is to cover the losses and legal liabilities of the Insured.

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