Proof of Financial Responsibility

What is proof of financial responsibility? Proof of financial responsibility guarantees that a driver can afford to cover the expenses associated with an auto accident. Carrying your state’s minimum auto insurance requirements acts as evidence of financial responsibility. In some states, a cash deposit, surety bond, or a government bond also suffices. To see the financial responsibility requirements or coverage minimums in your state, check out our list below.

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UPDATED: May 9, 2022

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