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Alaskas Mandatory Insurance Law requires drivers to carry liability auto insurance unless they live in an area where registration is not required. Even if registration isnt required, youll have to carry auto insurance if you were ticketed for a violation of six points or more within the last five years.
The SR22 requirement for insurance suspensions is satisfied after maintaining SR22 coverage for 180 consecutive days.
The biggest disadvantage in an accident caused by another driver if you dont have auto insurance is youll most likely have to pay for your own damages out of pocket. This means that you will be personally financially responsible for your losses in addition to any losses you caused a result of your negligence.
If youre not planning on driving your car for an extended period of time, you might wonder if you can temporarily hold your insurance. While most insurance companies do not allow you to temporarily suspend your insurance, they may allow you to temporarily reduce your coverage.
For most offenses, you must carry this kind of insurance policy for three years from the ending day of any revocation. For DWI and Refusal convictions SR-22 is required for: Five (5) years from the ending date on a first offense.
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Its illegal to drive a vehicle on a road or in a public place without at least third party insurance. Even if the vehicle itself is insured, if youre not correctly insured to drive it you could be considered to be driving without insurance and could get penalised.
Depending on your states rules, you may be able to pause your car insurance if you wont be driving for an extended period of time. You might consider suspending car insurance if youre: Taking a long trip and you wont be driving. Going away to college and not driving.
Both the other driver and their insurance company can sue you and have future wages and savings garnished to pay for damages. You could face mounting debt or even bankruptcy, especially if the other driver doesnt carry uninsured motorist coverage or personal injury protection.
You cannot pause your car insurance while traveling. However, you can cancel your policy and renew your policy when you return from vacation. This may be in your best interest if youre taking a long trip abroad say, a 6-month or 12-month: trip.
If at fault in an accident Additionally, if you are found to be at fault for the car crash, Alaskas Financial Responsibility law requires you to pay for any property repair or medical costs you caused the other party. Without liability coverage, you may be unable to pay and will face severe penalties.

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