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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 $30,000 of bodily injury liability coverage per person and $60,000 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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If you’re at fault in a car accident, your liability insurance pays for the other driver’s car repairs and will likely cover any doctor’s bills if they’re injured. No-fault states are the exception, as they require each driver to use their own insurance to pay for medical expenses after an accident. But regardless of the state, fault always dictates whose liability insurance pays for property damage.
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Car insurance follows the car, not the driver, in most cases. There are a few situations where car insurance follows the driver, though, such as when the car’s insurance limits are exceeded, in which case the driver’s coverage can be used to fill in the gaps. There’s also some disparity from company to company – your policy might provide less coverage for other drivers, or even no coverage at all.
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read full answerWhat states are PIP states?
The 12 states that require PIP insurance, also known as personal injury protection, are Delaware, Florida, Hawaii, Kansas, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, and Utah. Eleven of these states are “no-fault” states.
In addition, Pennsylvania law requires drivers to purchase $5,000 in medical benefits, but does not mention PIP specifically. PIP coverage is also available, but optional, in seven additional states, plus the District of Columbia.
PIP States
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