Auto Insurance Laws in Different States
Every state has a unique set of auto insurance laws, however, every state has financial responsibility laws.  This means that you must be able to prove that you are financially capable of covering the costs that you could possibly incur in a vehicle accident.  If you are not aware of what the insurance laws are in your state, it is a lot wiser to  assume that you need to purchase some sort of bodily injury and property damage liability. You may also consult the insurance information institute. Also, your state insurance department and your local auto insurance agent will all be able to discuss with you the minimum standards of coverage required in your state.

Driving Without Auto Insurance
If you got caught on the road without any auto insurance, either due to a road  accident or simply because a police officer got you pulled over for an unrelated matter, you may be subjected to a criminal prosecution and charged with fines or worse, serve jail time. Moreover, your driver’s license can also be suspended or revoked. Furthermore, you will be held liable for any damage the accident has caused to other cars or people involved in the  accident. Sadly, this incident could  wipe out your financial assets.

Paying Lower Than the Required Auto Insurance Premiums
There are some low-income drivers who find it necessary to drive just to get to their destination, but are unable to pay the required monthly insurance premium. There are some states with laws that provide low-income drivers, or those with to those who can prove a sub-standard income, special rates and benefits. These individuals can also lower their premiums by opting for a higher deductible, although they will then be responsible for paying that deductible if an accident should occur.

Auto Insurance Requirement for Leased Vehicles
Just like any other vehicles, a leased vehicle is still required to have a standard liability insurance. There are, however, some instances where your lender may also require you to have a collision and/or comprehensive coverage simply for the protection of their vehicle. If you are planning to hit the road with a leased vehicle, be sure to check your lease contract to make sure if you are accountable for any collision and/or comprehensive insurance premiums.