Auto Insurance in Virginia is Designed to Protect all Drivers

Rates for auto insurance in Virginia, as in most states are set by the drivers of Virginia themselves. The insurance companies in this state take the overall cost of insuring drivers in Virginia, including claims, medical and legal bills and lump them all together. They then divide this amount among the total number of drivers in the state. However, this amount is not distributed evenly.

Unfortunately, for many people, the insurance companies do not take this amount and share it equally among all of the drivers. Instead, they take other factors such as the type of car being driven, the safety features of the car, the driving record of the individual, the age and sometimes even the sex of the driver. Insurance companies will categorize drivers based on this information and set insurance rates accordingly.

When you are purchasing auto insurance in Virginia, you will learn that Virginia is a tort state, which means that the driver is responsible for any bodily injury or property damage that they cause when they are at fault for an accident. Therefore, liability insurance is required by law. The minimums for liability insurance as set by law are $25,000 for personal injury per person, up to a total of $50,000, and $20,000 for any property damage.

It is also required by law to have insurance for the uninsured and underinsured. This insurance coverage protects drivers if they are involved in an accident with someone who does not have insurance, or has inadequate insurance coverage. The minimums for this insurance coverage are also $25,000 for personal injury per person with a total of $50,000, and $20,000 for property damage.

Because insurance companies do not use the same criteria in determining the categories for drivers in setting their insurance rates, it is always recommended to shop around and do your research before purchasing any insurance policy.