Virginia Auto Insurance Policy Requirements

Q: What is in a basic Virginia auto insurance policy?
A: Your Virginia auto insurance policy may include these primary types of auto insurance:

  1. Liability Coverage
    1. Since property and people are completely separate insurance concepts, liability insurance is divided into two types:
      1. Bodily Injury Liability Coverage
      2. Property Damage Liability Coverage
    2. Minimum liability coverage in Virginia is:
      1. $25,000 for injury/death to one person.
      2. $50,000 for injury/death to more than one person.
      3. $20,000 for damage to property.
      4. 25/50/20” (Virginia’s minimum auto insurance requirement)
    3. Liability minimums are different for vehicles that have been leased.
  2. Collision Coverage is an optional addition only if the vehicle is no longer financed. If your vehicle is still financed, then collision is a mandatory part of your Virginia auto insurance policy.
  3. Comprehensive Coverage is an optional part of your Virginia auto insurance policy only if the vehicle is no longer financed. If your vehicle is still financed, then collision is mandatory.
  4. Medical Payments Coverage is optional but certainly recommended as part of your insurance policy in Virginia.
  5. Uninsured (and Underinsured) Motorist Coverage is not optional in Virginia – you must include it in your policy.
  6. Personal Injury Protection (PIP) Coverage is another optional – although recommended – insurance option in Virginia.
  7. Other Options
    1. Towing Coverage
    2. Rental Coverage
    3. Loan/Lease Gap Coverage
Q: Is Virginia a No-Fault state?
A: No, Virginia is not a state that uses a no-fault system.

Q: How can I get a discount on a Virginia auto insurance policy?
A: You may qualify to lower the cost of your auto insurance policy – check our list of auto insurance discounts.

Q: Where can I find more information about Virginia auto insurance?
A: For more authoritative information on Virginia insurance check these online resources:
  1. Virginia Insurance Resources
    1. The Virginia Department of Motor Vehicles (DMV) offers several services to Virginia drivers, including providing them with more information on Virginia auto insurance.
    2. The Virginia Bureau of Insurance ensures that citizens are provided with adequate and dependable insurance.
  2. National Insurance Resources

Virginia’s hazy Blue Ridge Mountains, the Natural Chimneys of Valley and Ridge, the wide country of the foothills, and National Park of the Shenandoah Valley are just a few of its natural attractions. Virginia residents are proud of their home, and CLICKinsure is pleased to provide its brokerage services to the “Old Dominion”. Whether you live in some of the most populous cities, like Roanoke, Richmond, Hampton Roads, Northern Virginia, Norfolk, Virginia Beach, Chesapeake, Tysons Corner, Loudoun County, or a smaller town like Liberty, please consider CLICKinsure as your auto insurance broker.

 

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