As noted earlier, the Virginia DMV does a thorough job of tracking
Virginia auto insurance coverage and cancelations in the State of
Virginia. Through the use of State approved insurance agencies
and the Electronic Motor Vehicle Liability Insurance Reporting process,
the regulation of Virginia Auto Insurance is stringently monitored.
A Virginia auto insurance agency must be registered to do business in
the State of Virginia; otherwise, they are not able to offer auto
insurance to drivers. This adherence to registration regulations
ensures that the Virginia DMV has access to all of the data necessary
to make swift determinations and to maintain information on individuals
within the State.
Auto Insurance Agents
Need to find an auto insurance agent in your area? Read
Do shop around! Virginia auto insurance companies are
competing for your business, assuming you are an equitable driver, and
you will receive different quotes from different Virginia auto
insurance companies. On the other hand, if you are a high-risk
driver with speeding tickets and a DWI/DUI, for example, on your
Virginia Driving Record, you may be turned down by some auto insurance
companies and be forced to acquire auto insurance from agencies that
quote outrageously high rates. This is the consequence of
careless or reckless driving behavior. Read more...
Safe-driving points are typically awarded at the rate of
one-per-year for every year that your driving record remains untainted
in Virginia, with a maximum of 5 safe-driving points accumulating on a
driving record at any one time. Read more...
Levels of Auto Insurance
The minimum level of auto insurance you are required to carry will
vary from State-to-State; however, it is important to take into
consideration the costs you will incur if you are involved in a motor
vehicle accident. In Virginia, it is totally acceptable to cover
your vehicles at the minimum auto insurance coverage allowable;
however, minimum coverage might not cover you completely, which means
that you might incur some of the cost. Read more...
No auto insurance? No registration in the State of
Virginia! It’s that simple. Virginia requires minimum auto
insurance coverage of $20,000 for property damage, $25,000 for
bodily injury or death of one person, and $50,000 for bodily injury or
death of 2 persons or more. Furthermore, your Virginia auto
insurance policy must be issued by an agency that is licensed to do
business in the State of Virginia. The Virginia DMV uses the Electronic
Motor Vehicle Liability Insurance Reporting process, which means that
the Virginia DMV is notified by Virginia auto insurance companies when
liability insurance is issued or canceled for vehicles registered in
Virginia. Read more...
Risks of Not Having Auto Insurance
This is a very unwise decision! While you may boast a clean
driving record, you must remember that there are hazardous drivers on
the road and that an accident can occur at any time. Be sure you
are covered by at least the minimum Virginia auto insurance coverage
allowable in the State of Virginia to guard you and your family from an
unfortunate turn-of-events. Read more...
Virginia Motorcycle Insurance
Motorcycles must be insured based on the same minimum liability
requirements as a motor vehicle in the State of Virginia.
However, it is advisable that, given the high risk of personal injury
occurring while riding a motorcycle, motorcyclists inquire about
motorcycle insurance that includes higher MedPay, PIP, and/or
Underinsured/Uninsured coverage. Read more...
Types of Coverage
First, Liability Insurance is in-place to cover you for the amount
of damage you do to others. Read more...
What Affects Insurance Rates?
Remaining violation-free indicates to an auto insurance company that
you are a low-risk insurance candidate, and you could be rewarded with
lower insurance premiums and insurance discounts. Enrolling in a
Virginia Defensive Driving school or Virginia Traffic School can also
result in premium reductions and insurance discounts. Read more...