Liability limits in auto insurance are the maximum amount your insurance company will pay for injuries and property damage in accidents you cause. Never assume that your insurance automatically covers your passengers without reading your policy and checking your coverage with your insurance company. For example, both collision insurance and comprehensive insurance cover damage to the policyholder's car. For more information, see WalletHub's guides on how much car insurance you need and affordable car insurance in Virginia.
If the program cannot verify coverage, the vehicle owner will receive an insurance verification inquiry letter with instructions for submitting policy information through the insurance verification page on the Virginia DMV website. Virginia auto insurance law requires that all policies include bodily injury coverage for uninsured motorists and property damage coverage for uninsured motorists equal to the limits of liability coverage purchased. UM coverage is standard in Virginia auto insurance policies, unless you have liability limits that exceed the minimum requirements. A car insurance deductible is simply the amount you'll have to pay before the insurance company assumes the rest of the costs.
You'll also find helpful tips to make sure you get the right car insurance for your situation. If you're a small business owner or are self-employed and use your car for work-related activities besides going to work, you may qualify for a commercial auto insurance policy. Similar amounts of coverage are also required for underinsured motorists if you choose to take out car insurance in Virginia. Drivers should also consider taking out other types of auto insurance to better protect themselves, since liability insurance does not cover the injuries or property of the policyholder.
If Virginia drivers don't purchase at least the minimum required coverage or don't follow the correct protocol to choose not to meet the minimum requirements, they may face the consequences of driving without insurance. If a driver decides to purchase insurance, Virginia policies have medical payments insurance (MedPay) instead of a PIP. An SR-22 is a certificate that your insurance company submits to the Virginia DMV, usually electronically, that verifies that you have current insurance coverage that meets the state's minimum liability requirements.