Virginia has a financial responsibility law, Motor Vehicle Code 46.2-706, that requires all Virginia registered motor vehicle owners to have motor vehicle liability insurance or enough money to pay for any losses that may result from an automobile accident.
The financial responsibility requirement can be met in one of several ways however most motorist choose the option of purchasing auto insurance for their vehicle. The vehicle owner can insure the motor vehicle with minimum liability coverage thru a policy issued by an insurance company licensed to do business in Virginia. The minimum liability coverage is as follows.
- Bodily injury/death of one person $25,000
- Bodily injury/death of two or more persons $50,000
- Property damage $20,000
So the minimum amount of car insurance required for bodily injury or death of one person in Virginia is $25,000.
Click here for an auto insurance quote for Virginia.
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