Insurance is not mandatory as the DMV of each state insists, financial stability is. Granted, financial stability usually comes in the form of insurance. But, insurance is not the only method of protecting oneself financially in case of damage or liability.
With the price of insurance packages continually on an upward trend resulting in skyrocketing premiums, insurance is becoming cost prohibitive. There is an alternative (and perhaps more than the one that I am presenting here).
Bonds are fast becoming the sure replacement for insurance of any kind. For the roadways, I recommend a Silver Bond from ANPC for all vehicles, trailers, RVs, boats, campers, etc. to enhance your repetitive ever-increasing insurance premiums. The bond package is a one-time purchase. At this time, there exists no premiums or recurring payments for the bond. So, by the end of year 2 after purchasing the bond, you will have justified the price of purchasing the bond since you will no longer have liability insurance payments to make. Some of you will save thousands a year in insurance payments; others will save hundreds. It all depends on your vehicle insurance premiums of today.
As I continue on this journey (and I am right in the midst of this particular one), I will provide details on how you can eliminate having to pay insurance for all of your vehicles. Once a few last steps are taken by me, the process will be explained.