Virginia Auto Insurance Everything You Need To Know

Virginia has a unique set of regulations concerning auto insurance. It states that you must prove financial responsibility in order to use your vehicle. One way to do so is by carrying minimum amounts of auto liability insurance. If not, you must pay the department of motor vehicles a $500 fee every time you register your vehicle, which gives you the right to drive an uninsured vehicle. It does not provide auto insurance coverage of any kind.

In addition, every driver must carry uninsured motorist/underinsured motorist (UM) coverage. This is most likely because of the high chances of being involved in an auto accident with someone who does not carry Virginia auto insurance. UM pays for your medical costs and property damage if you are in an accident with an uninsured or underinsured driver and if it is a hit and run accident.

If you are getting auto insurance in Virginia to prove financial responsibility, you must at least the minimum amounts of auto insurance coverage in Virginia.

These mandated amounts are as follows.

$25,000 bodily injury per person

$50,000 bodily injury per accident in total

$20,000 property damage per accident.

It is a very wise move to carry liability insurance coverage as it can protect you from financial ruin if you were found to be responsible for a serious accident. In fact, you should carry limits even higher than those mandated by the state of Virginia for adequate coverage. Suggested coverage is $100,000 bodily injury per person, $300,000 bodily injury per accident and $100,000 property damage.

Other highly recommended coverage is collision and comprehensive. While liability pays for medical expenses and property damage for the other party in an accident; collision covers damages to your vehicle when you are at fault. Comprehensive coverage pays for repairs that result from losses beyond your control, such as theft, wind storm damage and vandalism. These types of coverage protect your vehicle, and as such as required by lenders if you still have a car loan.

If you are interested in learning more about the unique auto insurance rules and regulations in the state of Virginia, and to get Virginia auto insurance rate quotes visit InsuranceBestPrices.com/Virginia-auto-insurance/. Compare and contrast the results to find the best policy for you.

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