Re: OT - T-Boned
 

In my home state of Maine, you can buy a car and get a license without insurance but you cannot register the vehicle without minimum liability insurance on the VEHICLE itself. SO no matter who is driving, the theory is that the vehicle will be insured for liability losses regardless.

Of course there are always those lawbreakers.

EDIT: And I think the requirement for having collision insurance on a vehicle that has a bank loan comes from the bank / loan agreement and not the law. I work for a rather large insurance agency (quickly ducks) and am kinda' familiar with those types of things. The law is geared to protect the liability aspect and not the bank. The banks put that stipulation in there to protect their investment (how would they repo a totalled vehicle anyways) and not to fulfill the law.

Re: OT - T-Boned
 

Here in Maryland the minimum coverage for liability is $10,000. And that is what most people carry. Problem is that in this area, chances are you will hit a 50k+ car and 10k won't fix it and cover the loss of value claim. And should you actually appear to have hurt someone, look for the suit to be at least a million. My daughter rear ended a lady from Pak..stan, and got hit for a million and a half. In the end it settled for less than 10k. But it was a real sick feeling when I first read the papers.