do you have to have auto insurance in the state of va. did t

by Guest » Thu Aug 26, 2010 11:34 pm
Guest

i was told the law change and you dont need insurance anymore.

Total Comments: 3

Posted: Fri Aug 27, 2010 12:55 am Post Subject:

You were told wrong.

You think something as huge as that might be on prime time news.

Posted: Fri Aug 27, 2010 04:19 am Post Subject:

From the Virginia DMV website:

To purchase license plates or decals, you must certify that the vehicle is covered by the minimum insurance requirements or pay the uninsured motor vehicle fee. Insurance requirements also apply to antique motor vehicles. Your insurance carrier must be authorized to conduct business in Virginia.

Virginia requires the following minimum coverage:

* Bodily injury/death of one person $25,000
* Bodily injury/death of two or more persons $50,000
* Property damage $20,000

The $500 Uninsured Motor Vehicle (UMV) fee, which is paid to the Department of Motor Vehicles (DMV), does not provide any insurance
; it only allows you to drive an uninsured vehicle at your own risk. It expires with your registration and must be paid at renewal.

Note: If liability insurance coverage on a vehicle terminates or cancels during the registration period, either reinsure the vehicle, pay the uninsured motor vehicle fee, or surrender the license plates to DMV.

Self-insurance or Surety Bonds are special options for owners of business vehicles. Details are available at any DMV office.

Posted: Fri Sep 10, 2010 12:44 pm Post Subject:

Re-insuring the vehicle seems a better option than just paying for the UM vehicle fee.

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