Does Virginia Require Motorcycle Insurance?

For many people, riding a motorcycle is a source of freedom. However, it also comes with responsibilities, like having the right insurance. Of course, each state has its own insurance requirements, and those requirements can get confusing. So, what do you need to know about motorcycle insurance in Richmond, VA? At Cary-Wheeler & Associates Inc., we can help you figure it out. 

Does Virginia Require Motorcycle Insurance?

Yes and no. In Virginia, motorcycle owners have two options: buying liability insurance or paying an Uninsured Motor Vehicle (UMV) fee. If you pay the fee, you don’t have to carry insurance. However, if you choose this route, you remain uninsured at your own risk. 

Reasons to Choose Motorcycle Insurance

If Virginia allows for a UMV fee, why do so many motorcycle owners still choose insurance? Because risk mitigation matters. Carrying insurance can help you as a motorcycle owner reduce your liability risk. 

The UMV fee may save you some money in the short term, but motorcycle insurance provides the more cost-effective choice in case of an accident. If you do cause an accident on your bike, you could pay hundreds or even thousands of dollars out of your own pocket. Having a good insurance policy can protect you from financial struggles. 

And of course, insurance can help you gain some peace of mind. Riding a motorcycle should be an enjoyable experience. But if you’re constantly worried about your lack of coverage, you won’t enjoy the experience as much as you should. Liability coverage can help you breathe a little easier on the road. 

Motorcycle Insurance Questions? 

Do you have questions about your coverage options? At Cary-Wheeler & Associates Inc., we can answer your questions and help you make sure you have the right coverage. We serve motorcycle owners in Richmond, VA. Get in touch with us today to learn more.