What are the Virginia car insurance laws?
Due to Virginia’s tort law system, whoever is found at fault in an accident is responsible for the damages. Therefore, it is absolutely essential to carry auto insurance. There are minimum required limits, but they really aren’t enough to protect you from a big claim. We wont get into how much coverage you should carry in this article. If you would like to learn about our recommended auto insurance policies, visit our page on Virginia car insurance.
Virginia law requires minimum limits of 25k for bodily injury for a single person and 50k for more than multiple people. Additionally, a minimum of 20k in property damage must be carried. This is considered split limit coverage and is often referred to as 25/50/20.
Virginia law does not require comprehensive or collision coverage.
What happens if you break Virginia auto insurance laws?
If you fail to maintain the proper insurance coverage, your license will be suspended along with your vehicle registration. In order to get them back, you are required to pay a $500 fee to the Department of Motor Vehicles. Additionally, you will be required to a certificate of financial responsibility, also known as an SR-22, for three years. These are very expensive to get. Expect that your insurance costs will triple, and in some cases quadruple, if you have to carry a certificate of financial responsibility.
Furthermore, most preferred Virginia auto insurance carriers will not deal with you if you are uninsured or have had your license suspended. Coverage can be found, but you will have to pay dearly for it.
Virginia car insurance laws are designed to encourage adequate insurance coverage. The expense of recovering from a violation far exceed the cost of carrying proper coverage. If you need help securing the correct coverage, call our office at 804-744-3345 and one of our licensed professionals can help you secure affordable coverage that will put you on the right side of Virginia’s auto insurance laws.