The state of Virginia has a financial responsibility law, VA motor vehicle code 46.2-706, that requires all Virginia registered motor vehicle owners to have auto liability insurance or enough money to pay for any losses that may result from an automobile accident.

Most car owners and drivers within Virginia chose to meet the financial responsibility requirement by purchasing car insurance. A vehicle owner can insure their motor vehicle with minimum liability coverage through a policy issued by an insurance company licensed to do business in Virginia.

The minimum liability coverage is 25/50/20. This stands for bodily injury/death of one person $25,000, bodily injury/death of two or more persons $50,000 and property damage $20,000.

If you have a financed or leased a vehicle, the lien holder will likely require you to also carry collision and comprehensive coverage on the vehicle until it is paid off.

For more information on VA insurance, go to our Virginia car insurance state page.