Virginia Liability Insurance Requirements
Virginia requires all motorists to maintain liability insurance on their vehicles. This applies to any of the registered vehicle, whether it is used or not. Liability insurance covers you in the event that you are involved in an auto accident and personal injury or property damage caused. Personal injury for one person in one accident should be covered with at least 25 000 $ in liability insurance. All injuries in one accident should be covered with at least 50 000 $ in liability insurance. The minimum required coverage for property damage is $ 20,000 liability insurance. Virginia also requires motorists to purchase and maintain uninsured motorist coverage for all registered vehicles.
Virginia Proof Of Travel Insurance
You are required to maintain proof of valid insurance coverage in Virginia. Department of Motor Vehicles has an electronic reporting system, which allows insurance carriers to exchange information on policy updates, changes and cancellations. If there is a discrepancy, you may be asked to send in the original insurance certificate. You must also carry proof of insurance in your car at all times in case you are involved in an accident or pulled over for a traffic violation. This proof of insurance, usually in the form of a current insurance card identification that includes your name, the name of your insurance company, the liability limits on your policy, a description of your vehicle as well as the effective and expiration dates of the policy.
Penalties For Driving Without Insurance
The insurance must be stored on your vehicle at any time, even if you take it off the road for repairs. If you do not have valid insurance, several penalties may be imposed. You may have to pay a fee of $ 500 and other fees, Defined. Licenses and registration of your driver’s license of the vehicle may be suspended. You also may have to file a SR-22 (financial liability insurance certificate) for three years.
Tips to Save On Auto Insurance
Many people think that auto insurance is very expensive, but fail to realize that there are ways to circumvent this and use a good discount from the insurer. Insurance companies generally offer many discounts for policyholders. However, it is up to you to do homework and to negotiate a good deal with your insurance company.
Increasing the deductible, for example, will help you take advantage of huge discounts on your auto insurance premium. You should make sure that you have a comprehensive list of franchises that you have the right, in order to ensure that it can be expanded in the price while you shop for insurance.
First, make a list of things you should have in your light, and then decide on the right policy and coverage, etc. You should ideally shop for coverage that is needed and avoid any unnecessary ones. This will help in reducing the insurance premiums largely. For example, if you have an old car that is not worth much, you could just scrap all the additional coverage that is required. If you have health and disability insurance, you could have easily avoided PIP cap. This can save a huge amount on the premium.
Watch this video to find out more about auto insurance in Virginia: