Insurance Articles

In order to purchase license plates or decals in VA. The owner of a motor vehicle must certify that their automobile is covered by the minimum insurance requirements which the Virginia auto insurance laws state or pay the uninsured motor vehicle (UMV) fee. This is also applicable to antique cars. The insurer issuing the proof of financial responsibility must be authorized to conduct business and issue policies in the state. The consequences for owner who are uninsured or have not paid the UMV fee will have their registration and driving privileges suspended. In order to be reinstated, the individual must pay a $500 statutory fee and file a Financial Responsibility Insurance Certificate (SR-22) with the DMV for three years.

The minimum liability requirements are as follows; $25,000 for bodily injury or death of one person, $50,000 for injuries or deaths of two or more persons and $20,000 for damage to another party’s property as a result of an accident. Once one has obtained these coverage limits, they are in accordance with the law and can operate an automobile on the roadways once proof has been submitted. Their carrier will provide the DMV with electronic updates of the insured’s policy. Such as a cancellation or any new coverage or changes they may have made. In the case of a cancellation, the owner has three choices. They can either reinsure the vehicle, pay the uninsured fee or surrender the license plates.

VA Car Insurance Quotes Online

Thanks to the internet, obtaining multiple quotes from a wide range of insurers has never been easier than it is now. There are many websites available that provide consumers a way to view rates of providers within a matter of minutes. Most of these sites provide these services free of charge and require no obligation. Many simply ask that the shopper complete a brief questionnaire page usually consisting of questions requiring just basic information such as drivers names, ages, sex, types of vehicles and the address where the vehicle will be garaged. The Virginia consumer’s guide to auto insurance can be a helpful tool to better understand what factors may affect premiums.

Once the application page has been completed and submitted, the consumer will be provided with multiple quotations from many carriers in which they can view and compare. Policy seekers can also choose options beyond basic liability such as comprehensive and collision (full coverage), and uninsured motorist among many others. Not only does this make it one of the easiest and time efficient way to shop for policies, but it also allows future customers to see what insurers are offering and at what price, giving them the advantage of choosing who they would like to business with.