What is the minimum cash or security pledge required if opting out of liability insurance in Washington?

In Washington State, if a person opts out of liability insurance for their vehicle, they are required to make a cash or security pledge to ensure they can cover potential damages in the event of an accident. The amount mandated by the state for this pledge is set at $60,000. This requirement is established to provide financial protection for other motorists and to ensure that individuals who choose not to carry insurance have adequate funds to cover liability expenses.

The amount of $60,000 reflects the seriousness with which Washington addresses the financial responsibilities of drivers. This pledge acts as a safety net, ensuring that individuals who may be found at fault for an accident have the means to settle claims for bodily injury or property damage, thereby protecting both themselves and other road users.

Understanding this requirement is crucial for drivers considering their options and helps them to make informed decisions regarding their insurance needs or alternative financial security measures.