If you want to drive legally in most of the United States, you need to carry a minimum amount of automobile insurance. That legally minimum amount of insurance is called “compulsory insurance” and is required in all but five states in the United States. Even in those five states, some drivers may be required to carry compulsory automobile insurance. Because compulsory insurance only covers the bare minimum required in your state, it usually carries the cheapest premiums you’ll be able to get in your state. Does that mean that compulsory automobile insurance is your best deal?
Frankly, the answer is no. Compulsory automobile insurance only covers the bare minimum of expenses or liabilities that you may incur if you have an accident. That