What are my auto insurance requirements going to be in Virginia?

People that are in the Fredericksburg, VA area will find that owning a car is a practical necessity. As you are looking for a vehicle when you are here, getting the right insurance for it should also be considered a priority. When you are a vehicle owner, you are bound to have different auto insurance requirements. There are a couple of requirements in particular that are common for vehicle owners here.

Requirements Set by State Law

One requirement that you may have when you own a car in Virginia is the requirement to carry liability insurance. Drivers all over the state are required by law to carry at least some level of liability insurance, which gives support if you are at fault during a collision and need to cover damages. If you do not have the right coverage, you will be in violation of the law and could face some penalties. 

Requirements Set by Lenders

You should also get an auto insurance plan if you have an auto loan outstanding. The cost of a vehicle can be significant and because of this, many drivers will end up taking out a loan to buy their car. If you do take out an auto loan, you need to meet your lender’s insurance standards. This typically includes requiring you to have a full comprehensive and collision insurance plan as it will provide ample protection for your vehicle and lender. 

A car owner in Fredericksburg, VA will almost always need to carry auto insurance. As you are assessing your needs and options for this insurance, calling the Pete Webb Agency can be a good idea. There are many factors to assess when looking for coverage and the Pete Webb Agency can help you build a plan that will properly meet your needs.