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Originally Posted by Dave-ROR
Wow.. that's legal there? Plenty of uninsured motorists here but it's not legal so someone doing that here has extra legal issues/tickets to deal with also.
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Self insuring in the USA is legal. You have to be able to prove that you have the assets/cash to cover the requirements. It only makes sense in very large companies. When I worked at Raytheon our company van had a legal letter in the glove box stating so. The company I work for now pays around $45k a year for $1M in liability for their vehicles. They do not insure the vehicle.
Once again it is a financial decision for the individual. Everyone’s salary, savings, tolerance for loss is different.