Cheap car insurance in Virginia,
The State Corporation Commission’s Bureau of Insurance has prepared this Consumer’s Guide to help you understand automobile insurance and how to get the coverage that best suits your needs. This guide explains the basic auto insurance coverages and will help you to decide how much insurance coverage you should buy.
This guide also contains information that will help you if you have a claim or a complaint.
If you need more information about auto insurance, please call or write the Bureau of Insurance. You can
call us in Richmond at (804) 371-9185 or on the State Corporation Commission’s toll-free “hot line” number, which is (877) 310-6560.
I hope that reading this guide will be helpful to you, and I encourage you to contact us if you have auto insurance
questions or concerns.
By Commissioner of Insurance of Virginia
Why Should You Buy Auto Insurance?
If you cause an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses. You may have to pay not only for the
property damage you cause but also for the medical expenses, lost wages, and pain and suffering of any injured person. The amount of money you may have to pay could be substantial.
If you do not have insurance, anything of value that you own, including your home, savings, future wages, and other assets, may be taken to pay for those losses. Auto liability insurance will protect you so that this does not happen. Liability insurance also pays for a lawyer to defend you against any claim or lawsuit.
You can also buy insurance to cover your injuries or damage to your auto. These optional coverages will pay you for your own losses whether or not you caused the loss. Insurance is based on the theory that only a small portion of all drivers will be involved in accidents in any one year. The premiums paid by all drivers during the year are used to pay for the losses of those few drivers who have accidents. When you buy insurance, you receive financial protection in case you become involved in an accident.
You also make sure that a person injured through your fault will recover for losses you cause. You may feel that you never get to use your auto insurance unless something bad happens, but it makes sense to have that protection.
The number one mistake made by car insurance seekers is approaching only the companies that are most heavily advertised. The first insurance company that comes to mind is not necessarily the one that will offer you the best rate.
The single most important factor in getting a cheaper car insurance rate is shopping around for as many quotes you can. Why? because different insurance companies charge different rates for the same coverage. In addition, insurance companies’ competitiveness differ tremendously by customer location. Only by obtaining several quotes that are specific to your situation and location you will be really able to discover the cheapest rate that is available to you. How many quotes? go for at least 5 quotes from different insurers, less than that will not do the job.
Now, usually shopping around for five quotes can be a tedious and time consuming task, but we will make it here much easier for you. We’ve reviewed numerous quoting services to bring you the best two. Each of the
following free services can provide you with several competing quotes from various companies, thus enabling you to compare and pinpoint on the best rate that is available for your location:
Best-Quote-Inc. – Call them (toll-free) at 844-334-8469- this is a free by phone service that provides multiple company insurance rates specific to your location, see how companies compete for your business. Offers great rates from quality insurers.
This is How to Get Cheap Car Insurance Quotes