After an accident in which you were the at-fault driver, how can you provide proof of financial responsibility?

Correct answer

  • Deposit funds with the DPS to cover your liability.
  • Agree in writing to pay the other parties for all losses suffered.
  • Provide proof that you were covered by a vehicle liability insurance policy.

Explanation

After an accident in which you were at fault, there are several ways that you can demonstrate financial responsibility: (1) Provide proof that you were covered by a vehicle liability insurance policy. (2) Deposit sufficient funds with the DPS to cover all losses suffered by all other parties involved in the accident. (3) Agree in writing to directly compensate all other parties for all losses they suffered. (4) Provide proof that all other parties have released you from liability.

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