CHAPTER 4
WHAT’S REQUIRED AND HOW TO GET IT
Every state has a different requirement when it comes to auto insurance, and laws tend to change over time. The best ways to find out what coverage you legally need are to ask your agent or broker, check out your state’s DMV or BMV website, or visit the National Associate of Insurance Commissioner’s website. While you could certainly use a search engine, as well, I don’t recommend this, since not every website will have the most recent information. WHAT INSURANCE IS REQUIRED WHERE Each state has its ownminimum insurance requirements. Some states just require proof of financial responsibility. If a driver is in an accident and doesn’t meet his or her state’s requirements, his or her license and registration will probably be suspended. At the time of this book’s publishing, the only two states that didn’t require any kind of insurance are NewHampshire and Virginia, although most residents of both states do choose to get some type of coverage. (I’msure you can understandwhy at this point.) New Hampshire requires at-fault drivers to pay up to $25,000 for property damage and up to $50,000 for liability. Virginia requires drivers to pay $500 to the state if they opt out of insurance. However, they’re still liable if they cause an accident.
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