Car Insurance in Virgin Islands

Most drivers in Virgin Islands State can enjoy cheaper car insurance, which averages around $1,560. Although rates are lower than in other US states, younger drivers and policyholders from larger cities must expect significantly higher rates, which may exceed $2,964 annually. Bodily injury (BI) liability coverage, for which the minimum insurance limits are set at $10000, is an insurance cover that helps you pay for medical expenses related to the other driver’s injuries. Property damage (PD) liability coverage pays toward property damage that you cause to others involved in a traffic accident. In Virgin Islands, you are required to comply with the minimum PD liability insurance limits of $25000.

Car insurance in Virgin Islands is mandatory if you own a car. You are required to have at least the minimum amount of insurance as determined by the law of the Virgin Islands. The types of insurance that are typically required are bodily injury liability and property damage liability. There are other types of insurance that are not required but may be purchased, such as collision, comprehensive, medical payments, and personal injury protection.

If you are caught driving without insurance, you may be subject to a fine or have your driver's license suspended. If you cause an accident and are found to be at fault, you may be sued by the other party involved in the accident. If you do not have insurance, the other party may not be able to collect from you for their damages. To get car insurance in the Virgin Islands, you can contact an insurance company or agent, or you can purchase a policy online. Be sure to shop around and compare rates before purchasing a policy.

Bodily injury liability coverage per accident is set at $25,000 in Virgin Islands and is therefore among the lowest. However, do not rely on low minimum limits and pay extra for better insurance coverage. In the event of an accident, you will be assured of sufficient financial compensation. Virgin Islands has some of the lowest limits for the minimum bodily injury liability coverage per person of $10,000. In most cases, this amount is completely insufficient, so it is an absolute minimum, which you should definitely increase given your financial possibilities. If you caused an accident in Virgin Islands (if you're at fault), your property damage liability insurance coverage can cover up to a total of $10,000 for the other party's vehicle repairs.