Posts Tagged ‘Virginia Auto Insurance’

Oklahoma and Virginia Auto Insurance Coverage Comparison

Saturday, September 24th, 2011

Oklahoma and Virginia auto insurance minimum coverage limits are similar and each of these states follows the tort system for car insurance purposes. Under this system, the at-fault driver in a motor vehicle accident is responsible for paying for the damages he or she caused and accident victims have the right to sue for compensation for their medical bills and rehabilitation expenses incurred as a result of the incident.

Oklahoma Auto Insurance Minimum Coverage Levels

Oklahoma auto insurance buyers must have at least the following levels of coverage in place to comply with state laws:

  •  $25,000 to pay for injuries or the death of one accident victim
  • $50,000 to pay for injuries or deaths of two or more accident victims
  • $25,000 in property damage insurance coverage to pay for repairs to the other driver’s vehicle, as well as any public property damaged or destroyed in the accident

 Virginia Auto Insurance Minimum Coverage Levels

Drivers in Virginia are required to buy a policy offering at least these coverage levels:

  • $25,000 to compensate a single accident victim for his or her injuries
  • $50,000 to pay for injury and damage claims made by all people injured in the same accident
  • $20,000 in property damage liability insurance to pay for the cost to repair or replace another person’s property damaged or destroyed in an accident

Drivers can choose to buy a policy with a higher level of coverage than the minimum legal requirement, and it’s a good idea for them buy more than this level of protection, since they will have better coverage if an at-fault accident occurs.

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Posted in Oklahoma, USA, Virginia |

Penalties for Driving Without Vermont or Virginia Auto Insurance Coverage

Thursday, August 18th, 2011

Drivers who fail to maintain Vermont and Virginia auto insurance coverage as required under state law will be subject to penalties. Virginia does allow drivers to pay an annual fee of $500 which allows them to operate a vehicle without liability insurance coverage in place.

The driver who chooses this option needs to realize that he or she will be responsible for paying for any damages he or she causes in an at-fault accident personally. A person who is considering this option should think about it very carefully. While paying the fees allow the driver to get plates or a decal for the vehicle, getting auto insurance coverage in place is a quick and easy process, especially if the driver shops for coverage online.

Penalties in Vermont

Drivers who cannot show proof of insurance coverage during a traffic stop will be fined $100 and two points will be added to their driving record. The driver will also be required to demonstrate proof of financial responsibility with the state Department of Motor Vehicles. A driver’s license can be revoked if a driver is caught without insurance after having been involved in an accident.

Penalties in Virginia

In VA, drivers who get caught without having insurance coverage in place will have their driver’s license and vehicle registration suspended. To have them reinstated, the driver will need to pay a $500 statutory fee and have his or her insurer file proof of coverage through an SR-22 (Financial Responsibility Insurance Certificate) for three years. The driver in this situation may also have to pay a reinstatement fee as well.

 

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Posted in USA, Vermont, Virginia |

How Much Virginia Auto Insurance Coverage Do I Need?

Wednesday, August 17th, 2011

Drivers who buy only the minimum level of Virginia auto insurance coverage required by law may not have enough protection if they are involved in a serious at-fault accident. This state is unusual in that it gives drivers another option other than buying a car insurance policy. If a driver pays $500 per year to the state Department of Motor Vehicles, he or she can operate a vehicle without coverage.

Paying this fee is an acknowledgment that the driver is doing so at his or her own risk. A person driving without insurance who is involved in an at-fault accident will be required to pay for the damages caused personally, and the amount owing can be substantial. Buying a Virginia auto insurance policy is a much smarter choice.

For drivers who decide to buy a policy, bodily injury and property damage liability coverage is required. The state has determined that the minimum level of coverage that insurance companies can offer to policyholders is $25,000 to pay for injuries or the death of one person and $50,000 to pay for injuries or deaths of two or more people as a result of the accident.

Property damage liability coverage, which is used to pay for repairs to public property damaged or destroyed in the accident, as well as to fix the other driver’s vehicle, is also required in Virginia. A minimum of $20,000 must be bought for this purpose.

When choosing a level of coverage for Virginia auto insurance coverage, drivers should consider buying as much protection as they can comfortably afford.

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Posted in USA, Virginia |

Virginia Auto Insurance Coverage Requirements

Saturday, August 6th, 2011

Drivers in Virginia must have at least the minimum level of auto insurance coverage mandated by law in place to buy license plates or decals for their vehicle. If they are unable to do so, they will be charged a $500 uninsured motor vehicle fee. The fee does not provide the driver with any insurance coverage; it allows the driver to drive an uninsured vehicle at his or her own risk.

Buying an auto insurance policy from a company licensed to provide coverage in the state is a much better choice. A person who does not have insurance coverage in place who is involved in an at-fault accident will be responsible for paying for damages he or she caused personally.

In Virginia, auto insurance buyers must have at least $25,000 in bodily injury liability insurance coverage to pay for the injuries or death of a single accident victim and $50,000 to pay for injuries or deaths of all victims of the same accident.

Property damage liability protection is also required by law. At least $20,000 in coverage must be put in place to pay for repairs to the other driver’s vehicle and any public property damaged in the accident.

Insurance companies licensed to sell policies in the state are required to notify the Department of Motor Vehicles when they extend coverage to a driver. If the policy lapses or is canceled, the company will inform the DMV of this fact and the Department will contact the policyholder to demand confirmation that proper insurance is in place.

 

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Posted in USA, Virginia |

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