Which type of insurance is legally required for drivers in Guam?

In Guam, liability insurance is legally required for drivers because it helps cover the costs associated with injuries or damages that you may cause to others while operating a vehicle. This type of insurance is important for protecting other individuals on the road, as it provides financial compensation for medical expenses, property damage, and other liabilities that might arise from an accident. It ensures that if you are at fault in a vehicle collision, there are funds available to address the damages suffered by the other party.

While comprehensive insurance, collision insurance, and uninsured motorist coverage serve valuable purposes, none of them are mandatory under Guam law for all drivers. Comprehensive insurance covers damages to your vehicle from incidents like theft or natural disasters, collision insurance takes care of repairs to your vehicle after an accident regardless of fault, and uninsured motorist coverage provides protection if you're involved in an accident with someone who lacks insurance. However, these types of coverage are optional and not required by law to operate a vehicle legally in Guam.