Do I need car insurance if I don’t own a car in Virginia?

Is it legal to have insurance on a car you don’t own?

Can I insure a car I don’t own? Yes, you can take out a separate car insurance policy on someone else’s car. Just tell the insurer you’re not the owner or the registered keeper of the vehicle when you apply.

Is it illegal to not have car insurance in Virginia?

Here’s the short answer: if you are a Virginia resident, it is legal to drive your vehicle without purchasing auto insurance. However, it’s important to learn all the factors involved before making a decision. Driving without insurance can come with serious consequences.

Is it mandatory to have car insurance in Virginia?

Surprisingly, the answer is no. Drivers are not required to purchase auto insurance on a vehicle registered in Virginia. However, according to Va. Code § 46.2-706, if you do not purchase auto insurance, you are required to pay an uninsured motorist fee of $500.00 per year.

Do I need insurance for a parked car?

If you aren’t driving your car and it’s not registered, you do not need insurance. If your car is parked in the street long-term, it could be damaged by other vehicles, in which case you may want coverage that serves as parked car insurance.

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Does the owner of a car have to be on the insurance?

Generally, whoever is the titled owner of a car needs to be the one to insure it. Car insurance companies want to make sure the primary policyholder has what’s called insurable interest in the car they’re insuring.

What states have no car insurance?

There are only two states where car insurance is not mandatory for all drivers: Virginia and New Hampshire. In Virginia, an uninsured motor vehicle fee may be paid to the state, while in New Hampshire, vehicle owners have the option to post cash bonds.

How much is car insurance per month in Virginia?

How much is car insurance in Virginia per month? Based on Bankrate’s findings of the average cost of car insurance in Virginia, minimum car insurance is about $36.75 per month and full coverage averages about $108.67 per month. Your price will vary based on your unique rating factors.

What is the minimum car insurance required in Virginia?

It is illegal to drive a car in Virginia without at least the minimum amount of liability coverage required by law: Bodily injury: $25,000 per person and $50,000 per accident. Property damage: $20,000 per accident. Uninsured motorist bodily injury: $25,000 per person and $50,000 per accident.

What is the minimum insurance required in VA?

Virginia requires the following minimum coverage: Bodily injury/death of one person $25,000. Bodily injury/death of two or more persons $50,000. Property damage $20,000.