<prompt> Human: Hi, so I have liability on a 2010 Honda Accord which I bought cash outright. I am a single 29 year old male with no kids and a college graduate, so with that status I end up paying about 2200 a year for liability. The bare minimum in California. I dont have any expenses other than the standard living expenses. Would it be wise to remove 35,000 I have in other assets to a bond with the DMV?Edit: I can afford insurance, I just dont trust the government and would rather just give them money to leave me alone. The DMV bond is a little known California out to insurance regulations. Step1: fill out form Step 2: give them 35,000 cash Step 3: the completed form is now your proof of insurance.  <response>: Do not cancel liability insurance. I dont even see how this is legal not saying it isnt but it doesnt make sense. If you get in an accident and total someones car or injure someone 35k wont even begin to cover that. They will sure you for future wages, etc. why would you take that chance? Car accidents happen all the time. 