First, you are PERSONALLY held financially liable for damages you cause. You are required to pay for damage to other cars, injuries to people or animals, damage caused to real estate (houses, landscaping, business property and any other structure or apurtenance to the land) and anythine ELSE that you might damage that is not specifically covered. Second, your driving privileges can be revoked until such time as you satisfy the damages that you cause. Third, you can be criminally prosecuted for failure to carry insurance. But all of the above are dependant upon the laws in YOUR state. Whatever YOUR legislature has passed into law will determine what happens to you.
you get money
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
You get ticketed and fined, regardless of whether you were at fault or not, Auto Insurance is required by law in the state of Louisiana. You get ticketed and fined, regardless of whether you were at fault or not, Auto Insurance is required by law in the state of Louisiana.
If there was a police officer involved then you would probably be cited for not having auto insurance. If you are found to be at fault then legal action could be brought against you by either the other party or the other parties insurance company.
If the accident was your fault, you are liable for all damages. The law states that no vehicle can be registered or licensed without proof of insurance or a surety bond. This is why people carry insurance - paying those monthly premiums would have been lots cheaper than paying out Tens of thousands of dollars in damages now.
nothing, just illegal to drive with out it.
If it is found to be your fault, then your insurance could go up. If you are found to be at fault, then it shouldn't.
Auto insurance.
It's a law that was passed. It's now required to have auto insurance mostly so that it's cheaper for you, if you happen to get in a wreck.
re: auto insurance, no; auto insurance is written on the vehicle, not on a person.
No. Insurance co will not pay drink and drive accidents. Neither Life Insurance nor auto insurance cos.
yes you can get a auto loan without a license but you can not get auto insurance with out one and you can't complete the loan closing without insurance.