Virginia Auto Insurance Requirements
Virginia is a "Tort" state, which means drivers are financially responsible for all property damage and bodily injury they cause in an accident. Most Virginians choose to purchase an auto insurance policy as proof of their financial responsibility.
If you choose not to purchase auto insurance, you can pay $500 to the Department of Motor Vehicles (DMV) to drive your car uninsured.
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A standard auto insurance policy consists of several parts:
- Liability insurance will help to cover the costs on both property damage and bodily injury that are a result of an accident for which you are at fault. The auto liability minimums are 25/50/20 (see the chart below).
Drivers may also purchase uninsured/underinsured motorist coverage, which helps pay for damages (property damage and bodily injury) in the event that you are in an accident with a driver who does not have enough insurance or no insurance at all.
Many Virginia drivers choose to protect themselves even more by carrying optional collision, comprehensive, medical expense, loss of income, and/or funeral expense coverage.
| Coverage Type |
Required? |
Minimum Coverage Amount Required |
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You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.
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Auto Insurance for Leased Vehicles in Virginia (VA)
Most leasing companies in Virginia typically require drivers to maintain insurance coverage which exceeds the minimums set by Virginia state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
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Virginia Department of Motor Vehicles
PO Box 27412
Richmond, VA 23269
www.dmv.state.va.us |
Virginia Bureau of Insurance
Tyler Building
1300 E. Main Street
Richmond, VA 23219
www.scc.virginia.gov/division/boi |
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**Auto Insurance Finder is not an insurance broker or carrier. Content on this site is for comparison and informational purposes only. The products and services listed on this site may not be available in all states.
Last Updated: February 14, 2008
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