Agent Jay Roce

Life insurance is cheap enough to fit most budgets

For most people, term life insurance is an affordable option. Depending on how much coverage you need and your age when you apply, you may be paying as little as $20 per month in life insurance premiums for a term life insurance policy.

Term life insurance only lasts as long as you need it, and the younger you are when you purchase your policy, the cheaper your premiums will be.

Did you know about the uninsured motorist coverage?

To purchase license plates or decals, you must certify that the vehicle is covered by the minimum insurance requirements or pay the Uninsured Motor Vehicle Fee. Insurance requirements also apply to antique motor vehicles. Your insurance carrier must be authorized to conduct business in Virginia.

Virginia requires the minimum coverage limits set forth in the Code of Virginia § 46.2-472.

Insurance companies may factor in their policy premium the driving record of any individual of driving age that resides within an insured's household. If you have any questions regarding the potential impact a newly licensed driver may have on your policy, you may wish to contact your insurance agent.

The $500 Uninsured Motor Vehicle (UMV) fee, which is paid to the Department of Motor Vehicles (DMV), does not provide any insurance; it only allows you to drive an uninsured vehicle at your own risk. It expires with your registration and must be paid at renewal. If you are driving an uninsured vehicle and are involved in an accident, the other driver may notify DMV that your vehicle is uninsured as part of reporting the accident to DMV.

Self-insurance or Surety Bonds are special options for owners of business vehicles. Details are available at any DMV office.