You have to deposit $75,000 to the DMV and if you get in an accident where you're at fault you will also be on the hook for damages beyond that. You can also get a surety bond for that amount, instead of doing a cash deposit.
It used to be 35k but it was increased in late 2024 (which is good because it hadn't increased since the 70s).
But to do that you really have to hate insurers or be uninsurable. Because realistically putting that 75k in a basic HISA will yield enough interests to pay for regular car insurance and you get to keep your 75k.
It used to be 35k but it was increased in late 2024 (which is good because it hadn't increased since the 70s).
https://www.dmv.ca.gov/portal/vehicle-registration/insurance...
But to do that you really have to hate insurers or be uninsurable. Because realistically putting that 75k in a basic HISA will yield enough interests to pay for regular car insurance and you get to keep your 75k.