Insurance on the Move
If you plan on moving to Virginia, there’s one thing you’ll want to consider. Is your auto insurance VA compliant? Naturally, you have other things on your mind, but insurance is one of those things that never seems important until it is. States have varying requirements for minimum insurance coverage and it’s important that you let your provider know when you move to another state. Your insurance policy may need to be updated to meet minimum local regulatory requirements. Some states mandate that drivers have liability insurance. Others require that you carry some sort of insurance that will lessen the financial burden of your medical costs regardless of who caused the accident. This kind of insurance is often attached to the policyholder as opposed to the vehicle.
Insurance mandated by the state of Virginia is relatively standard. However, it is one of the states that allows you to pay an annual fee to drive an uninsured motor vehicle. This means that upon payment of that fee, you are legally allowed to be on the road for 12 months without insurance. During that time, you are solely responsible for any accidents or catastrophes you are involved in while on the road. Foregoing the insurance and paying the annual fee is a risky endeavor that is not recommended. For optimal protection against potential disaster, consult an insurance agent to determine the best course of action.