Is Auto Insurance A Federal Requirement?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is an excellent question! Having auto insurance is not a Federal law, but is a requirement in every State. The costs from damages , both medical and physical that arise from an auto accident are so high that the Government has decided that there needs to be protection. And if you were to be hit by an uninsured motorist, as I was, you would agree that insurance is a must. Thank you for asking!Answered on May 21, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482Auto Insurance is not a requirement mandated by Federal law, but instead is required by most if not all states as a condition of registering a car for use on public access roads and highways. Property and Casualty insurance, including car insurance is regulated by state authority as opposed to the Federal Government.Answered on May 22, 2014flag this answer
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