A recent policy change in Virginia may lead to higher auto insurance rates for drivers across the state.
Currently, Virginia law requires minimum coverage of:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $20,000 for property damage
However, when your policy renews, the new minimums will increase to:
- $50,000 for bodily injury per person
- $100,000 for bodily injury per accident
- $25,000 for property damage
Because these changes require drivers to carry more coverage, insurance companies may raise their rates to compensate. Many Virginians are concerned about the potential cost increase and are encouraged to reach out to their insurance providers to explore available discounts and savings opportunities.
For more details, check out the original article here.