When Did Car Insurance Become Mandatory?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    In California we have a financial responsibility law.  It requires that a driver be able to cover all the costs which result from an accident.  While it doesn’t require insurance, that is the most economical manner to handle it.  Many drivers look at insurance as a tax.  It is certainly far from that.  It is in the public interest that drivers be financial capable to repair any damage that they create.  In California the state has made a certain set of limits as the mandatory minimums.  These limits would not adequately protect a driver if they were involved in a serious accident.
    Answered on March 12, 2014
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