I live in West Virginia and need auto insurance. Is it likely to be expensive?
Unfortunately, auto insurance in West Virginia is significantly higher in price when compared to equivalent polices found in neighboring states. The current average price of a policy is $1,820 and this figure is $244 above the national US average.
Why is insurance more expensive in West Virginia?
Auto insurers operate on a factor of risk and the bigger the likelihood of an incident occurring, the higher the cost of an insurance premium. Carriers take many different aspects of risk into account including population density, geographical topography and crime rates. This will ultimately have an effect on the insurance policy itself.
What insurance must I buy as an absolute minimum?
You are legally obliged take out the minimum mandatory levels of auto insurance coverage although it is always advisable to purchase extra insurance if you can afford to do so. The minimum levels in West Virginia are $20,000 and $40,000 of bodily injury liability per person and accident respectively and $10,000 of property damage coverage.
Will I need anything else?
Yes. West Virginia likes motorists to take precautions against those who might be driving illegally. You will be required to take out protection against uninsured and underinsured motorists. This is set at levels of $20,000 and $40,000 per person and accident respectively. There is also a legal obligation to take out uninsured motorist property damage cover to the sum of $10,000. Personal injury protection (PIP) is not required but purchase is advisable.