Get the Best Quotes on Auto Insurance in Virginia

Virginia Car Insurance

Learn about Auto Insurance Requirements for Virginia

Every state within the US differs in regards to laws about carrying auto insurance. For the residents of Virginia, there is no obligation to buy car insurance at all. To purchase license plates or decals or to drive though, your vehicle must either be covered by the minimum insurance requirements or pay the $500 uninsured motor vehicle (UMV) fee. Those who choose not to carry car insurance do so at their own risk. But it is highly encouraged to have it because being insured in Virginia will be crucial in any unexpected vehicle accidents, medically and financially.

The minimum insurance requirements for Virginia are:

• $25,000 for bodily injury liability/death of one person in a single accident
• $50,000 for bodily injury liability/death of two or more people in a single accident
• $20,000 for property damage

Virginia auto insurance rates are much lower than the national average. Seen in the chart below, the comparison is significant in the difference of monthly auto premium costs.

All drivers in Virginia must always have proof of their insurance or proof of UMV at all times. Failing to do so could result in suspension of driving and vehicle registration privileges, penalty fines and fees, and possible imprisonment.

Virginia follows a Tort Insurance System, which means whenever there is an accident, the parties involved must determine who was at fault. This must be decided because then the responsibility for covering all of the expenses incurred will be held solely on them. And because Virginia follows the Tort System, insurance providers most often recommend that drivers purchase more than the minimum amounts the state requires.

If more than one member of a household drives the same vehicle, it is still acceptable (and legal) for you to exclude them out of your personal car insurance policy. The same goes for the insurance company, where if they feel that that your family member is unqualified, they will dismiss their name under your policy. The Virginia insurance company can decline any high-risk driver within the household if they find reasonable motives to do so. Because of these exclusivities, you must be careful when signing the dotted line and ensure that you understand your rights of your auto insurance policy before agreeing to its terms and conditions.

Although the premium rate for Virginia is lower than the nation’s average, the amount fluctuates on a monthly basis. As seen in the graph below, you can see the wide range of price difference between February and November, most likely due to the weather.

Now that you have a better grasp on car insurance for the State of Virginia, the next step is to see how much money you can save on your current premium. By entering your zip code, you can gather insurance quotes and compare to see which carrier can provide you the best bang for your buck. Start saving today.

Sources:

Auto Insurance Tips: Virginia
Car Insurance Info: Virginia