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28 How much insurance must a driver carry?




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This article is from the California Driving (and Surviving) FAQ, by "George J Wu" georgewu@netcom.com with numerous contributions by others.

28 How much insurance must a driver carry?

from the Spring 1991 DMV California Driver Handbook:

California's COMPULSORY FINANCIAL RESPONSIBILITY LAW requires every DRIVER
and OWNER of a motor vehicle to maintain financial responsibility. There
are four forms of financial responsibility:

o Coverage by a motor vehicle liability insurance policy [of at least
$15,000/30,000/5,000].
o A deposit of $35,000 with DMV.
o A bond for the same amount (although generally bonds are unavailable).
o DMV approved self-insurance.


 

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