Virginia auto insurance Quotes

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3 Reasons You Should Shop for Virginia auto insurance Quotes

Think about it. Imagine if you truly could shop for Virginia auto insurance quotes and commence saving the extra money you're spending with your company rather than helping them buy more private jets. ?

Virginia has a financial responsibility law which requires you to show that you can pay for losses resulting from motor vehicles you own or operate. These financial responsibility requirements can be met in one of two ways:

1. When you register your vehicles, if you certify that they are covered by an insurance policy, the policy must have the following minimum limits of liability:
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$30,000 for injury or death of one person;

$60,000 for injury or death of two or more people; and

$20,000 for property damage.

2. Uninsured Motorist Vehicle (UMV) Fee: This 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. Although this option satisfies the requirements of the law, it does not constitute insurance, and your home, wages, and other assets may be taken to pay any valid claims against you.

Why Should You Buy Auto Insurance? If you cause an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses. You may have to pay not only for the property damage you cause but also for the medical expenses, lost wages, and pain and suffering of any injured person. The amount of money you may have to pay could be substantial.

If you do not have insurance, anything of value that you own, including your home, savings, future wages, and other assets, may be taken to pay for those losses. Auto liability insurance will protect you so that this does not happen. Liability insurance also pays for a lawyer to defend you against any claim or lawsuit.

You can also buy insurance to cover your injuries or damage to your auto. These optional coverages will pay you for your own losses whether or not you caused the loss. Insurance is based on the theory that only a small portion of all drivers will be involved in accidents in any one year.

The premiums paid by all drivers during the year are used to pay for the losses of those few drivers who have accidents. When you buy insurance, you receive financial protection in case you become involved in an accident. You also make sure that a person injured through your fault will recover for losses you cause. You may feel that you never get to use your auto insurance unless something bad happens, but it makes sense to have that protection.

When you decide to buy an auto. You should have insurance in force on the day you first drive the auto as your own. If you obtain license plates prior to purchase, you will have to have an insurance company who has agreed to write your insurance and who has given you a policy number. The insurance will not need to be effective until you first drive the auto as your own. However, the Department of Motor Vehicles requires compliance with Virginias financial responsibility law (as explained in Section 4) before you receive your license plates.

You should consider having Coverage for Damage to Your Auto in effect on the day you obtain legal title to the auto even if you do not plan to drive it immediately. This will guarantee that if your auto is damaged or stolen before you drive it, you will be compensated. When you trade autos or purchase additional autos. When you purchase a vehicle there are certain coverages extended under your policy for a limited period of time.

It is important that you contact your agent or company immediately to ensure your vehicle is properly insured. If you borrow the money to purchase the car, your lender will typically require that you purchase Coverage for Damage to Your Auto. If you do not have this coverage on your own policy, the bank may get a policy to cover their interest only. When your policy is up for renewal. It is a good idea to regularly shop for auto insurance immediately prior to your annual renewal date. Check to be sure that you are buying the right types of coverages with the best combination of price and service. If you decide it is best for you to change automobile insurance

1. Tell your insurance agent or company certain facts about yourself and your driving habits. If these facts apply to you, they may entitle you to a lower premium: the existence of an anti-theft device, automatic seatbelts, and/ or air bags; the car is used for pleasure driving only; you do not drive it to work; you are in a carpool and drive to work an average of no more than two days per week; you are a full-time student and qualify as a good student (generally B average or above); the distance you drive to work is short; you drive less than 7,500 miles per year; you have had no accidents or violations; or successful completion of a driver education or defensive driving course. Many consumers do not benefit from various discounts simply because they do not supply the necessary information to their agent.

1. Shopping Tips

2.Ask your agent if he charges any additional fees over and above his commission. Agents are allowed to charge fees for services, such as photocopying, mailing, and faxing, as long as the applicant or policyholder consents in writing before the services are performed. A schedule of fees must be kept in the agents office. If you think your agent is charging too much, check with other agents to find out if they charge additional fees.

3. Ask if a company charges a membership fee or other fees. Some companies have additional charges not included in the annual premium amount that can increase the amount you will have to pay.

4. Do your shopping as far in advance as possible. This will give you time to consider more companies, and it will prevent a hasty decision. Remember, policyholders who change companies at times other than the renewal date of a policy are charged for the administrative costs of canceling the policy.

5. If you have been turned down by one insurance company because you had an auto accident or traffic violation, try other companies. Do not assume that you will be turned down by all companies. Just as companies have different premiums, they also have different underwriting standards. Keep trying. If several companies with low premiums turn you down, try some companies that have higher premiums.

6. If all else fails and you are unable to obtain auto insurance, any licensed agent can obtain insurance for you through the Virginia Automobile Insurance Plan. The Plan should be a last resort because the premiums are often higher than those of private companies.

Consequences:

Vehicle owners who are uninsured and have not paid the UMV fee will have their privilege to drive and register motor vehicles suspended. To be reinstated, they may be required to pay a statutory fee, file a financial responsibility insurance certificate (SR-22) with DMV for three years, and pay a reinstatement fee.

If you buy insurance, your policy must contain the following coverages:

(1) Bodily Injury and Property Damage Liability. This coverage provides protection in case you or drivers of your car are responsible for causing injury or death to other people or damage to property of others.

(2) Uninsured/Underinsured Motorist Coverage. The Uninsured Motorist Coverage (UM) provides bodily injury and property damage protection to you if you are in an accident caused by an uninsured motorist or a hit-and-run driver. If your vehicle is damaged by a hit and run driver who cannot be identified, you must pay the first $200. Every policy which offers motor vehicle liability coverage must include this coverage.

Underinsured Motorist (UIM) coverage protects you directly in the event you are injured by a driver whose liability limits are not high enough to cover your damages and not as high as the UM/UIM liability limits on your policy. This minimum amount of coverage required by law is $30,000/$60,000/$20,000.

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