1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Consult with state law to make sure that is permissible.  Your lender will take a dim view of your driving an uninsured vehicle.  Normally they require insurance to protect their interests in their “collateral.”  If you can pay the injured and repair the damage to all the vehicles in a collision then you probably don’t need auto insurance.  Oh did I mention that everyone involved can sue you into bankruptcy.
    Answered on August 4, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! It is never a good idea to drive anything anywhere without it being covered by insurance. The liability of having to pay for everything out of pocket if God forbid something bad were to happen alone should be enough to persuade you not to. The best thing to do is to contact your agent with the car's VIN, and the dealer info, and have them issue you a temporary policy so that you can get it off the lot, and then get a real policy established ( if they can't just do that for you on the spot) I hope that helps, thanks for asking!
    Answered on August 5, 2014
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