[Aloha]

In California for example, You post the bond in the amount required by the state (35k), that acts as your certificate of insurance. Purchase a surety bond from a company licensed in California, or file a certificate of self insurance (only for motor carriers, and requires a 300-750k deposit), or you can purchase traditional liability insurance.

https://www.dmv.ca.gov/portal/dmv/detail/pubs/brochures/fast...

[justinator]

But why would one do that, rather than pay insurance? What's the benefit to the driver?

[Aloha]

In the long run, its cheaper - if you have the initial capital.

[justinator]

So it's an example of, "being poor is more expensive than being rich"

Any other pluses to doing it this way?

[Aloha]

One less thing to worry about, you file the bond once, and its good forever