Which of the following is a requirement for obtaining a personal auto insurance policy?

To obtain a personal auto insurance policy, having a valid driver's license is essential. This requirement ensures that the individual is legally allowed to operate a motor vehicle, which is foundational for any driving-related insurance coverage. Insurance companies need to verify that the policyholder is licensed to drive because it reflects the driver's competency and adherence to legal standards.

While owning a vehicle outright and maintaining a perfect driving record may be favorable or beneficial in securing lower premiums or certain types of coverage, they are not prerequisites for obtaining a policy. Similarly, living in a high-risk area does not prevent someone from obtaining auto insurance, though it could affect the premiums charged. Ultimately, the presence of a valid driver's license is a non-negotiable criterion for individuals looking to underwrite a personal auto insurance policy.