Insurance Loophole To Close July 1

Starting July 1, all Virginia drivers must have car insurance, as the state eliminates the requirement to register uninsured vehicles for a $500 fee. This change comes after legislation was passed responding to concerns about uninsured drivers causing financial strain on those involved in accidents. The move aligns Virginia with most other states nationally that mandate auto insurance. According to the Insurance Information Institute, despite rate increases, expanded liability coverage benefits insured drivers, offering higher protection against crash-related costs. The shift aims to increase road safety and reduce financial risks for drivers.