Who made car insurace a mandatory law in the 45 states?

Who made car insurace a mandatory law in the 45 states?

Does anyone know the origins of this law, who passed it, who even came up with it?

UCANTCME

I DON'T REALLY KNOW BUT I DO KNOW THAT THE ROMANS HAD A SIMILAR TYPE OF INSURANCE.Source(s):923

Nick

Car insurance was actually started in England in 1895.The first policy written in America took place three years later.Massachusetts was the first state to require insurance (1927) and pretty much every other state followed suite. If you think its a bad idea - get into a wreck in Eastern Europe and find out what happens without insurance.Source(s):http://www.carinsurancerates.com/news/31…

fwdcow

The insurance companies, of course. Since auto insurance is mandated here (Michigan) then the state should be the insurer. Insurance is a product, no different than a hammer purchased at a hardware. Yet the hardware lobby apparently isn't strong enough to get government here to mandate hammer purchases. Mandatory auto insurance is nothing but a scam by insurance companies to force us to buy their product at inflated prices (profit!). Our legislature was bought off mainly by Farm Bureau, which owns most of our elected officials. So your answer is, lobbyists buying off state representatives is why we are forced to buy something that we don't want.

MSAD

Insurance is regulated at the state level. There is no one law that made it mandatory in all states. Each state had to enact it's own laws.Most states don't require insurance. They require financial responsibility. The law is frequently known as the "Financial Responsibility Law". The law requires that each driver be able to pay a minimum amount for bodily injury and property damage that you cause other people. If you have sufficient resources, you can file a bond with your state and pay a fee and driver without insurance. In Essene, you self insure. However, most people can not afford to do that. And the ones who can, want the protection from law suits that an insurance policy provides. So most people meet their obligation under the financial responsibility law by purchasing car insurance.Homeowners insurance is not required by law.Source(s):Insurance Adjuster

Insuranceman

Insurance is just one way to protect the "common man (or woman)" from financial disaster.The State legislatures in the various States have to enact the various laws required to have mandatory insurance in each State. Each State is a little different, as they all have different minimum limit requirements and various other requirements, such as carry the ID Card at all time, not carry the ID, only need to show proof at the time of an accident, show it at time of re-registration and inspection.Although it IS a requirement, about 20-25% of the drivers on the streets do NOT carry it for one reason or another (and this number varies by State - some higher, some lower.) You have some that will NEVER buy it until caught without it and forced to buy, you have some that will buy it and then as soon as some other financial crisis comes along they will cancelm and you have some that wouldn't leave home without it.Good luck and I hope this helps!Source(s):Insurance agent for 25+ years

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