What is the legal requirement for vehicles on the road regarding insurance?

The legal requirement for vehicles on the road is that all vehicles must have at least minimum insurance coverage. This requirement is in place to ensure that drivers are financially protected in the event of an accident, which can lead to significant costs for liability, medical expenses, and property damage. Minimum insurance coverage typically includes liability coverage, which pays for damages you may cause to others in an accident.

Having this coverage is essential for maintaining road safety and protecting both the driver and other road users. Laws vary by jurisdiction, but the fundamental principle remains that insurance serves as a financial safety net. Without it, drivers would be exposed to potentially catastrophic financial losses, and this could also lead to increased risks on the roads.

Other options like warranty documents, maintenance certificates, and theft protection insurance may be beneficial for vehicle ownership but do not fulfill the legal requirements necessary for allowing vehicles to operate on public roads.