Virginia Car Insurance
Car Insurance » Virginia
Virginia car insurance offers financial protection for drivers in the event of an auto accident. If an accident is your fault, the other driver or drivers can sue for damages, including compensation for physical suffering and medical treatments. Liability insurance covers these costs so that an unfortunate accident doesn't leave you destitute. Without the protection of insurance, your home, assets, and future wages are fair game in any litigation. By paying insurance premiums, you contribute to a general insurance fund that helps cover the costs of hospital bills, lawyer fees or a new vehicle for those involved in accidents. Many people will never have to use their auto insurance, but the peace of mind in knowing that it's there is very important.
Instead of a mandate to purchase car insurance, Virginia has what is known as a financial responsibility law. Drivers registering their vehicles are required to show that they can pay for any losses they may cause in an auto accident. To demonstrate that this responsibility has been met, drivers can show proof of vehicle insurance. Qualifying insurance plans in Virginia must meet specific minimum limits, such as $25,000 of liability for the death or injury of another person. Liability insurance must also cover at least $25,000 in property damages. All car insurance plans in Virginia must also include coverage protecting against uninsured motorists.
Should a driver choose to operate an uninsured motor vehicle, he or she must pay an Uninsured Motorist Vehicle Fee to the Department of Motor Vehicles. This fee does not replace auto insurance and provides zero protection in the event of an accident. Rather, it represents an acknowledgement on the part of the uninsured driver that their assets are at risk in the event of an accident. An injured driver can sue and recover any losses incurred during an accident.
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