Islam’s Stance on Auto Insurance
Asalam wa Alakkum,My question is the following: It is my understading that auto Insurance is haram/not permissible except in cases where it is required by law and thus making it a necessity. In one state in the U.S., you are allowed to drive without insurance if you pay a fee that sometimes can exceed the amount it would cost to pay for liablity insurances. For example, in my case, liability insurance would cost me $190.00 per 6 month to drive legally and the liablity insurance protects the other driver in the event that I am at fault. However, the fee to drive legally without liability insurance would cost me $300.00 per 6 month and would not provide me with any protection in the e vent that i am at fault. Thus the fee just gives me permission to drive without insurance. Under Islamic law, should i pay for liabilty insurances or the fee that permits me to drive without insurance?
