An Unprecedented Surge in Liability Insurance in Virginia: from $25,000 to $30,000 And Beyond

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As the Department of Motor Vehicles of Richmond informs, the recently passed bill SB 1182 significantly increases the liability insurance coverage requirements in 2022 and further, doubling the required injury or death coverage for policies effective on January 1, 2025, and bringing more important changes.

The update will come into force on January 1, 2020, to adjust both policies effective up to the end of 2024 and those effective in 2025 and beyond. The full list of changes is as follows:

For policies effective from January 1, 2022, up to December 31, 2024:

For policies effective on or after January 1, 2025:

According to the DMV, after the updates come into force, it will only be possible to purchase license places and register a vehicle after:

  1. certifying that it is insured;
  2. paying the uninsured motor vehicle fee.

Akin to the insurance changes in Illinois, the Virginians caught driving without completing either a) or b) will have their registration privileges suspended until they pay a $600 non-compliance fee.

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Date added: January 6, 2022