Virginia Auto Insurance
Requirements of Motorists under VA State Law
Everyone has an opinion about insurance. Some people
believe it is a conspiracy to con hardworking people out
of money. You can not imagine how much you need insurance
until you something happens that you were not prepared
for.
Weather its a car accident, a flu, a fire,or a theft
these things happen all the time. You never know if or
when something might happen to you. Don't be caught off
guard by life's unpredictable events.
There are certain "requirements" that are applicable
to each state and varies accordingly. We have attempted
to compile all of the relevant information in to this
single resource to help visitors know what is expected
of them in regards to insurance.
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Virginia
Car Insurance Requirements
Coverage Minimum - 25/50/20
Coverage Explanation - Car insurance
coverage in Virginia must provide a minimum of $25,000
for injury liability for one person in an accident, $50,000
for all injuries in an accident, and $20,000 for property
damage in an accident.
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Important Virginia Auto
Insurance Laws!
1. The VA Law states that motorists have three options
regarding insurance:
- When you register your vehicle, you must certify that
it is insured by a company licensed to do business in
Virginia. Under Virginia auto insurance law, your policy
must provide the minimum limits of liability. OR
- Uninsured Motorist Fee: This $500 Uninsured Motor
Vehicle (UMV) fee, which is paid to the Department of
Motor Vehicles (DMV), does not provide any insurance;
it only allows you to drive an uninsured vehicle at
your own risk. It expires with your registration and
must be paid at renewal.
- Self-insurance or Surety Bonds: These are special
options for owners of business vehicles. Details are
available at any DMV office.
Important to Note:
Non-Compliance Penalties:
In accordance with Virginia auto insurance law, vehicle
owners who are uninsured or have not paid the UMV fee
will have their operator's license suspended. To be reinstated,
they must pay a $500 statutory fee, a $30 reinstatement
fee, and file an SR-22 with DMV for three years, which
certifies that they have insurance.
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Insurance
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