New Hampshire is the only state in the US that does not require liability insurance. If you drive through NH, make sure you have uninsured coverage. (and it is a good idea anywhere)

It is legal to drive without liability insurance in almost every state… you just have to post a $20k-$50k bond with the state.

Yea but if the costs of accident exceed that bond you still have to cover it if your at fault.

Plus most medical expenses quickly will exceed those bond values these days. Maybe decades ago if you had a lot money to just set aside getting no interest on it it may have made sense.

However the costs of medical and even cars today make it quite a risky proposition

Laws haven’t kept up with rising costs, so the amount of coverage you are required to have in most states won’t cover the average accident, let alone catastrophic ones. Same with the amount you have to bond for.

That's not any different than with car insurance. If the costs of a car accident exceed your limits you have to pay it too.

Ahh yes, the "legal if rich" clause. classic.

It really. Anyone with money has good coverage plus umbrella.

I looked into it as I prefer to self-insure for any non-catastrophic risk.

It makes absolutely no sense for me to post a bond for such a small amount when I can get ~10x the coverage, plus all the claims handling, for $1200/yr for two cars and two drivers.

It would make sense if I was a business who had hundreds of cars or some other weird corner case perhaps, but regular people who could afford to post a bond have a better option in the insurance market.

It makes no sense to self insure like you said. You would get totally screwed in any split risk decision

LOL $20k-$50k? If that other driver ends up in the hospital at all you are SOL.

That’s no less than the state mandated liability coverage in most areas.

https://www.nerdwallet.com/article/insurance/minimum-car-ins...

Hospitalizations are not covered in many states. You have to cover your own medical costs

Even if hospital costs aren't covered the average US car price in 2024 is close to $50k and a totaled car is definitely covered. Lord help you if you hit a Hummer EV or a Cyberbeast.

Yeah the minimum coverage is no longer enough. But that’s always been a problem if you hit a Bentley or exotic. People who drive 100k cars should really have to cover that extra repair cost with their own insurance but that’s not how most state laws work.

Virginia also does not require liability insurance, but they impose an additional tax if you want to drive without it.