Virginia state laws do not require collision insurance, but you generally must purchase collision coverage if you finance or lease your vehicle. Most lenders or lienholders require full coverage insurance, which includes comprehensive and collision insurance. They may also require guaranteed asset protection (gap) insurance.
Virginia drivers must maintain minimum amounts of liability insurance, which may help cover third-party bodily injuries and property damage.
The liability limit requirements in Virginia are comparatively low in regard to other states’ limits, and liability insurance only pays up to the policy’s limits. Your agent may recommend purchasing more auto liability insurance than the minimum required amount.