There are 175 insurance companies and agencies in Virginia, each with it’s own prices and benefits. Drivers usually find that while the smaller companies usually have lower rates, the larger companies offer package plans with homeowners insurance and more. Finding the right insurance company takes a little time and research, drivers will want to find a company that offers everything they need at a price that they can afford.
Virginia Car Insurance Requirements
Virginia state law requires minimum Bodily Injury Liability limits of $25,000 per injured person up to a total of $50,000 per accident, and Property Damage Liability coverage with a minimum limit of $20,000. Virginia state law also requires a minimum Uninsured/Underinsured Motorist coverage of $35,000 per person up to a total of $50,000 per accident for bodily injury caused by the uninsured or underinsured driver, this is to help protect against damages cause to drivers and their passengers by uninsured drivers. Virginia also goes by the Tort system, which means that in every accident someone must be found a fault and that person and their insurance company is responsible for all the damages.
Average Auto Insurance Rates
The average auto insurance premium for Virginia residents $1,342, a little less than the national average, which is $1,552. Insurance companies and agencies do not have fixed rates, so drivers may find prices extremely lower, depending on the company, driving history, and the type of insurance the driver wants. Before purchasing insurance, it is advisable to shop around for the lowest rates first.
Bureau of Insurance
The Bureau of Insurance is a division of the Virginia State Corporation Commission that licenses, regulates, investigates and examines insurance companies and their agents, title insurance settlement agents, and agencies for compliance with the Consumer Real Estate Settlement Protection Act. The Bureau of Insurance is located in Richmond, Virginia.
Featured Insurance Companies and Agencies
Clarke & Sampson, Inc.
Innovative Insurance & Financial Services
Agency Insurance Company
Automobile Insurance Company of Hartford
Atlantic Charter Group
R E Doolittle Ins Agcy Inc
Norrie Hoff Insurance Agency
Commerce & Industry
Allied Property & Casualty
Corporate Insurance Mgmt Inc
Southern Insurance Company of Virginia
Virginia Farm Bureau
Acordia Of Virginia
Atlas Insurance Agency