Are you required to have auto insurance if you live in Virginia? Yes, just like every state, there is a mandatory state minimum for automobile insurance in Virginia.
Insurance ads are everywhere (sometimes their funny, often they are not!). But did you know that there are over 100 insurance carriers licensed in the state of Virginia!
It’s helpful to have a local Independent Agent talk over what is necessary and go over the various auto insurance options available.
State Minimums in Virginia
Virginia law says that drivers must have at least the minimum liability insurance policy. This coverage is $25,000/$50,000/$20,000 unless you are going. This read as $25,000 is the limit for what you’d have for bodily injury, $50,000 is the total limit per accident, and $20,000 is the limit for property damage.
Though this is the case for your minimum policy requirements in the state, it’s often recommended to opt for higher limits on your auto insurance policy. For example, if you are a homeowner or someone with assets to protect, the state minimum coverage is most likely not enough.
In fact, opting for higher liability limits often adds little to your policy premium. And in the event of an accident, higher limits provide more peace of mind.
Additional Types of Coverage for Automobiles
Some other kinds of insurance you might want to include the following:
- Collision Coverage- This would take care of any expenses outside of the deductible when it comes to replacement and repair costs at the time the accident occurs.
- Bodily Injury and Property Damage Liability- This is in place for legal liability purposes for instances when another person is injured or someone else’s property is damaged.
- Comprehensive Coverage- If there are any damages that occur that aren’t the result of an accident, such as from fire, vandalism, floods, or another type of natural disaster.
- New Car Replacement- Available on new cars. This coverage will replace your car with a new one without depreciation. Specifics of coverage vary from carrier to carrier.
Serving the Commonwealth of Virginia For Over 50 Years!
At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.
Instead of working for one big company, our family of Independent Agents represent multiple insurance providers. This allows us to compare rates and coverages so you’ll get the best coverage-to-value policy available.
We’re here to serve you.