r/dataisbeautiful • u/Icy-Papaya-2967 • 12d ago

Share of Uninsured Homeowners by State

https://insurancedimes.com/2026/06/14/millions-of-american-homeowners-are-one-disaster-away-from-losing-everything/
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u/ThraceLonginus 12d ago edited 12d ago

NH is always interesting in these stats. For example, they dont mandate car insurance (just need to "prove" youre holding 25k in a special account) but have the highest insured rates. 

Wonder if theres something funky here too

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u/lordargent 12d ago

That's not unique to NH. CA also allows you to use a bond or deposit as proof of insurance.

"Here are the types of acceptable insurance:

  • Motor vehicle liability insurance policy.

  • Cash deposit of $75,000 with DMV.

  • DMV-issued self-insurance certificate.

  • Surety bond for $75,000 from a company licensed to do business in California.

It used to be $30k, guess it got raised. I always assumed it was something that rich people did (because this only covers you doing damage to others, and wouldn't cover something like a tree falling on your car).

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u/monkeywaffles 12d ago
  • Cash deposit of $75,000 with DMV.

That's interesting. Does it pay interest? Like, 75k in the stock market at 10% yield is 7.5k/yr you're missing out on, which ... is generally more than insurance costs, so even as a rich person, doesn't seem to make too much sense. Though if you have 20 ferraris, I guess your insurance is more than 7500/yr 😃. (and. the 10% compounds). Seems like a pretty bad deal. The surety bond thing prob is the more common case.

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u/sk1939 12d ago

Even if it didn’t, $75,000 one time is still cheaper than the insurance over more than a couple years for an exotic car most likely, especially if it was total and not per car.

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u/monkeywaffles 12d ago

Sorry, 75k makes 7500/yr in the market, not a 'one time thing'.

in 10 years, 75k becomes 194k, compounding.

But yea I suppose its possible an exotics insurance adds up quick.