How Much Insurance Do Used Cars Need?

Nearly every state requires car insurance. When you’re buying your next Casey used car, however, you may wonder whether you need the same kinds and degrees of coverage you’d take out for a newer model. Because this is a common question, Casey Auto Group is exploring the details and giving you answers you can trust.

What Are the Car Insurance Requirements in Virginia?

Virginia is unique in allowing drivers to drive uninsured at their own risk, provided they’ve paid the Virginia DMV a $500 fee. However, given the catastrophic costs that can be incurred by even a minor accident, it’s advisable to go with the state minimums instead. Policies effective through December 31, 2024, require liability coverage for injury, death, and property damage, but the specific coverage required will increase on January 1, 2025.

Do You Need Full Coverage on a Used Car?

If you pay cash for your car, you can get by with liability insurance. However, financed vehicles – new and used alike – often require collision coverage and may also call for GAP (Guaranteed Asset Protection) coverage. Even if they’re not necessary, they’re still a good idea; in the event of theft, accident damage, or total loss, you want to ensure the required repairs or replacements are covered. Your insurance agent can help, or you can ask the finance department at any Casey dealership.

We understand that nobody likes paying for insurance. However, what seems like a nuisance now can be a lifeline later, so think and spend wisely!

Buy Your Used Vehicle with Casey Auto Group

Casey Auto Group offers a wide selection of premium used cars and helps you navigate every aspect of the purchase and ownership processes. Call, click, or visit to discuss the nuances of insurance coverage on our used vehicles. Visit our Williamsburg and Newport News, VA, locations to explore our extensive inventory of used cars!