Are You An Underinsured Motorist?

While most people act responsibly by purchasing auto insurance, the Commonwealth of Virginia does not require drivers to take out such safeguards. Compounding that problem, many drivers only take out the minimum to save money, and those low coverage thresholds could leave you underinsured in the event of an accident. At the Insurance Shopper VA, our professionals are here to work with the good people of Virginia Beach, VA to create policies that provide secure coverage.

Uninsured Motorists

Virginia is one of only two states that do not require auto insurance by law. Drivers can satisfy their financial ability to drive by simply paying $500 to the DMV. Unfortunately, that fee does not provide coverage. If you’re involved in an accident with one of these legally uninsured motorists, there is no insurance to pay for the damage, injuries, or medical bills. That means your best protection is to have a comprehensive policy that supports your financial security.

Minimum Coverage Can Fall Short

In Virginia, drivers can also fulfill their financial obligation to operate a motor vehicle by purchasing auto insurance. The minimum standards in Virginia are determined per person for injury, per accident, and a minimum amount set for property damage. You also must carry uninsured motorist coverage at the same minimums. When you consider these coverage limits in a real-life context, it’s clear they can fall far short.

Stop and think about what it would cost to have only a minor surgery after a car accident. The excessive cost of health care could quickly exceed $25,000. Having a major injury and being forced to stay out of work for an extended period could be financially devastating. On the property damage side, few new vehicles cost less than $20,000. In reality, minimum auto insurance coverage leaves drivers underinsured and at risk. It’s important that you avoid placing yourself in a vulnerable position.

At the Insurance Shopper VA, our professionals will explore options that provide you with adequate and secure auto insurance coverage. We are here to serve the Virginia Beach, VA community and look forward to working with you. Contact us by phone or visit our office for any of your insurance needs.