California DMV 2021 Financial Responsibility, Insurance

California DMV 2021 (Financial Responsibility, Insurance Requirements, and Collisions) Pt. 6 Flashcards Insurance Requirement (Before you buy insurance) - Before you buy insurance, make sure that the agent, broker, or insurance provider is licensed by the California Department of Insurance Collisions, Insurance, and Minors (What happens when drivers turns 18 years old)

• When the driver turns 18 years old, the parents or

guardians are no longer responsible- Drivers 18 years old and older take on their own financial responsibility Collisions, Insurance, and Minors- Parents or guardians must take on financial responsibility for drivers younger than 18 years old> They (Parents/guardian) must pay for damages and fines if the driver (Minor) is involved in a collision Must have Proof of financial responsibility (Insurance) with you

• You must have your proof of financial responsibility

(Insurance) with you when you drive Collisions on your record- If you are involved in a collision resulting $1000 in damage, or where anyone is injured or dies, DMV will add it to your driving record> It does not matter who caused the collision> The collision must be reported by you, other drivers involved in the collision, and law enforcement Must have Proof of financial responsibility (Insurance) with

you (Why you should: What happens if you cannot show

your proof)

• If you cannot show proof, you may have to pay a fine,>

law enforcement may take your vehicle, and DMV may suspend your license> DMV may suspend your license Must have Proof of financial responsibility (Insurance) with you (Why you should)

• If you get pulled over or get into a collision, you must

show it to a law enforcement officer Insurance Requirements (Your insurance must cover at

least: $30,000 for...)

• $30,000 for death or injury to more than one person

Low Cost Insurance (What if you cannot afford liability insurance)

• If you cannot afford liability insurance, you may be eligible

for the California Low Cost Automobile Insurance Program Must have Proof of financial responsibility (Insurance) with

you (Why you should: DMV may suspend your driver's

license if:)

DMV may suspend your driver's license if:- You are

involved in a collision and do not have insurance- A vehicle you own is involved in a collision and DMV is not sure who was driving- The collision is not covered by your insurance policy Insurance Requirements (Your insurance must cover at

least: $5,000 for...)

• $5,000 for property damage

Insurance Requirements (Your insurance must cover at

least: $15,000 for....)

• $15,000 for a single death or injury