Commercial Auto Insurance Minimum Requirements in Virginia
Compare Insurance Rates in 3 Easy Steps
1. Start Your Quote:
No matter if you own a vehicle for business or personal use, or some combination of both, the Department of Motor Vehicles (DMV) insists that you meet the state's financial responsibility standards.
Ways to Establish Financial Responsibility
You can meet the state's requirements through these methods:
- Purchase a vehicle liability policy that meets the state's minimum requirements.
- Pay the $500 uninsured motor vehicle (UMV) fee (you must pay with each registration renewal).
- Opt to self-insure.
- Post a surety bonds.
Note: The latter two options are only available for owners of business vehicles. And, the UMV fee doesn't provide insurance protection; you will need to pay for any damage you cause in an accident through your own funds.
Assessing whether you need commercial insurance―or if a personal auto policy will suffice―can be challenging. So, if you need some guidance, ask yourself the following:
- How many vehicles need insurance?
- What kind are they?
- How will they be used?
- Who will drive them?
- Who owns them?
Your answers can lead you in the right direction. Most business-owned vehicles do require commercial coverage; this includes those used for deliveries and for farming. Meanwhile, if you're an employee and your company requires you to drive its vehicles as part of your job, your firm's policy might protect you.
Some self-employed individuals or sole proprietors might be able to get by with their personal policies, especially if the only business use of their vehicles is for business trips. This might even apply, for example, to senior citizens who use their own vehicles to deliver flowers or to transport passengers for a fee. But, this is a tricky area, and one you should examine carefully.
If any of the following apply to your situation, the odds you'll need commercial protection increases:
- You can't remove your business equipment from your vehicles.
- You allow your employees to use your vehicles for your business.
- You can't find personal auto policies with high enough coverage limits.
In the end, you might need to partner with both the DMV and your insurance carrier. The DMV can advise you on the legal requirements for your business; your provider can assist you in determining the amounts and types of coverage that you'll need to protect your business assets.
If you opt for commercial coverage, your next step will be to discuss the following with an insurance agent or representative:
- Who owns the vehicles
- How much they weigh
- How they're used
Depending on your situation, you might also need to talk about what sort of cargo your vehicles will carry, how much they're worth, what sort of special equipment they contain, and other insurance-related issues.
But, during this conversation, always keep the state's minimum liability insurance requirements in mind:
- $25,000 of bodily injury coverage for injuries or a death occurring to one person in an accident.
- $50,000 of bodily injury coverage for injuries or deaths occurring to more than one person in an accident.
- $20,000 of property damage coverage per accident.
If you need assistance figuring out how much coverage you should purchase, contact the DMV or an insurance agent.
Once you've decided on the coverage, the next challenge is finding the right provider. Choices in the commercial field abound, ranging from smaller carriers that specialize in commercial policies to larger insurances offering an array of products. So, it's best to first comparison shop online or by phone to quickly narrow your options, and then give a thorough review of the remaining choices for price, service, and extent of coverage.
But, don't overlook your current providers, as many insurers offer discounts to customer holding multiple policies.
The DMV requires insurers to electronically notify the agency whenever a customer starts or stops liability insurance coverage.
If you have a blanket policy insuring several vehicles under one policy, make sure the DMV has the vehicle identification number (VIN) for each vehicle so the state realizes you've properly insured all your vehicles.
You can provide proof of insurance when you show your valid insurance identification card or SR-22 or FR-44 certificate.
What happens if you allow your policy to lapse and have no proof of insurance?
You could face license and registration suspension. Reinstating both means filing an SR-22 form for three years with the DMV, and paying both a $500 fee and a $30 reinstatement fee.
In This Section
Other Topics in This Section
- Auto Insurance Requirements
Virginia car insurance information center. What insurance to buy in Virginia, how to decide, compare policies, purchase VA car insurance.
- Motorcycle Insurance Minimum Requirements
VA financial responsibility requirements for your moped, atv, scooter or motorcycle. Protect your bike and your liability in Virginia by purchasing motorcycle insurance.
- Commercial Auto Insurance Minimum Requirements
Commercial vehicle insurance requirements in VA. Protect your rig or your fleet by maintaining proper financial responsibility on your commercial vehicles in Virginia.
- Penalties For Driving Without Insurance
Learn More On Penalties For Driving Without Insurance In Your State. No Insurance Violations Vary By State. Avoid Allowing You Car Insurance Policy To Lapse.
Insurance Resource Center
- Auto Insurance Policy Basics
- Top Reasons To Buy Insurance Coverage
- Auto Insurance Minimum Requirements
- Buying Car Insurance Basics
- Buying Car Insurance For Teens
- Teen Guide To Car Insurance
- How To Get Car Insurance Coverage With A Learners Permit
- First Time Drivers Guide To Car Insurance
- How To Save Money On Teen Car Insurance
- Common Driving Mistakes Teens Make
- Safe Driving Tips For Teenage Drivers
- Safe Cars For Teen Drivers
- How To Add Teens To Your Auto Insurance Policy
- Tips for Car Insurance Policy Holders
- Types Of Auto Insurance Coverage
- Buying Car Insurance For Seniors
- Senior Guide To Car Insurance
- Extended Insurance Coverage Guide
- How To Get The Most Out Of Your Auto Insurance Coverage
- When To Buy Rental Car Insurance
- How To Cover Vandalism Through Car Insurance
- How To Cover Auto Theft Through Car Insurance
- How To Cover Windshield Repair Through Car Insurance
- How To Cover Accidents With Wildlife Through Car Insurance
- How To Cover Lost Wages Through Car Insurance
- How To Cover Medical Expenses Through Car Insurance
- How To Cover Pet Injuries Through Car Insurance
- How To Avoid Auto Insurance Non Renewal
- Commercial Auto Insurance Requirements
- Commercial Auto Insurance State Requirements
- Federal Motor Carrier Insurance
- CDL Federal Requirements
- Commercial Insurance Filing
- State Commercial Insurance Filings
- Federal Truck Filings
- Intrastate Truck Filings
- Interstate Transportation Filings
- Certificate Of Insurance
- Uniform Carrier Registration Plan
- Types Of Commercial Auto Insurance
- Commercial Vehicle Insurance Discounts
- Multiple Policy Discount For Commercial Vehicles
- Paid In Full Commercial Vehicle Insurance Discount
- Commercial Business Experience Discount
- Commercial Auto Insurance Quotes
- Commercial Auto Insurance Articles
- Who Needs Commercial Auto Insurance
- Types Of Commercial Vehicles To Insure
- How To Save Money On Commercial Auto Insurance
- What You Need For A Commercial Insurance Quote
- Types Of Business Vehicle Insurance
- How To Compare Commercial Insurance Quotes
- How To Get The Most Out Of Your Commercial Auto Insurance Coverage
- Types Of Commercial Trailers To Insure
- Online Commercial Auto Insurance
- Motorcycle Insurance Minimum Requirements
- Types Of Motorcycle Coverage
- Accessory Coverage For Motorcycles
- Comprehensive Physical Damage Insurance For Motorcycles
- Collision Insurance For Motorcycles
- Bodily Injury Liability Insurance For Motorcycles
- Property Damage Liability Insurance For Motorcycles
- Medical Payments Insurance For Motorcycle Riders
- Personal Injury Protection Insurance For Motorcyclists
- Uninsured Motorist Coverage For Motorcyclists
- Underinsured Motorist Coverage For Motorcyclists
- Motorcycle Roadside Assistance
- Motorcycle Insurance Quotes
- Motorcycle Insurance Rates
- Motorcycle Insurance Discounts
- Online Motorcycle Insurance
- Motorcycle Insurance Articles
- Motocross Insurance
- Dirt Bike Insurance
- Moped Insurance
- Trike Insurance
- Scooter Insurance
- Auto Insurance Deductible
- Auto Insurance Limit
- Auto Insurance Premium
- Auto Insurance Quote
- Auto Insurance Rates
- Motor Vehicle Report
- Proof Of Financial Responsibility
- Auto Insurance Endorsement
- Auto Insurance Exclusion
- Auto Insurance Rating
- Auto Insurance Code
- Auto Insurance Discounts
- Auto Insurance Glossary
- How To Obtain Proof Of Insurance
- How To Change Auto Insurance Providers
- Factors That Affect Insurance Rates
- How To Cancel An Auto Insurance Policy
- When An Accident Happens
- Accident Loss
- Auto Accident Payment Recovery
- Total Loss
- Proof of Loss
- Actual Cash Value
- Lost Wages
- Salvage Vehicles
- How To File An Accident Report With The Police
- Evaluating Personal Injury In Auto Accidents
- First Steps Following A Personal Injury Auto Accident
- When To Seek Medical Attention For Personal Injury
- Protection Against Auto Insurance Fraud
- How To Handle Staged Car Accidents
- Types of Insurance Claims
- Bodily Injury Claims
- Property Damage Claims
- Windshield Claims
- Third Party Insurance Claims
- About Car Insurance Claims
- How Car Insurance Claims Affect Your Auto Insurance Policy
- When To Cover Personal Injury With Auto Insurance
- How Much Personal Injury Protection To Buy
- Supplementing Health Insurance With Personal Injury Protection
- Pain And Suffering In Personal Injury Claims
- Statute Of Limitations And Personal Injury
- Negligence And Determining Legal Liability
- Auto Insurance Claim Settlements
- Auto Insurance Settlements Involving Personal Injury
- Proving Fault In An Auto Accident Personal Injury Case
- Compensation For Auto Accident Personal Injury Claims
- Tips For Settling A Motor Vehicle Accident Claim
- Factors That Affect Compensation In Personal Injury Claims
- Legal Representation For Insurance Claims
- When To Hire A Personal Injury Attorney
- When To Hire A Lawyer
- Personal Injury Attorney Fees
- How To Choose Personal Injury Lawyers
- Benefits of Hiring A Personal Injury Attorney
- What To Submit To A Personal Injury Attorney
- Processing Car Insurance Claims
- How Car Insurance Companies Handle Claims
- How Car Insurance Companies Investigate Accident Claims
- How To Document Auto Accident Damage
- When To Report An Auto Accident To The DMV
- Tips On Documenting Personal Injury Expenses
- Paying Medical Bills Before Receiving Personal Injury Compensation
- Wage Loss In Personal Injury Auto Accident Cases
- How To File A Loss Of Wages Auto Claim
- Stages Of A Personal Injury Case
- Filing Car Insurance Claims
We put a lot of effort into making our content helpful & accurate. Please let us know if you see something that isn't clear or correct; we are here to ease any frustrations you may have while navigating DMV topics. We are not a government agency, please reach out to your local DMV, insurance agent, or respective professional for further assistance on specific situations.