Virginia car insurance laws do not require drivers to buy car insurance. Virginia allows drivers to demonstrate financial responsibility by paying $500 in DMV fees. Proving financial responsibility is not the same as obtaining insurance coverage, and drivers can still be held financially responsible for damages after an accident. So even though car insurance is optional in Virginia, it’s a very good investment.
If drivers choose to purchase Virginia car insurance, they need at least $25,000 of bodily injury liability coverage per person and $50,000 per accident, plus $20,000 of property damage liability coverage.
Bodily injury liability insurance and property damage liability insurance cover injuries or damages that you accidentally cause with your car. Your car insurance pays up to the listed limit for each category. If you choose to buy insurance and want additional coverage, you can buy higher limits than the minimum requirements.
Another important Virginia car insurance law to note is the registration grace period for new residents. When you move to Virginia, you have 60 days to register your car. You’ll have to know whether or not you want to buy insurance before you register.
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