Auto Insurance Chesterfield VA

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Insurance & Financial Services is not only an insurance agency, our licensed agents care about our clients’ well-being. We provide the tools and resources necessary for consumers to receive the proper Auto Insurance Chesterfield VA Education.  Helping you understand your policy is our duty as a Trusted Choice Agent.

As part of our Auto Insurance Chesterfield VA Education, we have included the basic information about your auto insurance policy. We encourage you to schedule a free review of your individual policy for specific details on coverages, terms, limits, conditions, and exclusions.





Auto Insurance Chesterfield VA { Policy Agreement }

Insurance & Financial Services | Auto Insurance Chesterfield VA | (804) 739-9121An insurance policy is a contract between a policy holder and an insurance company. All policies are unilateral in that the policy holder pays the insurance company a premium.

The purpose of an auto insurance policy is to make one whole, or return the policy holder back to their original condition prior to a covered financial loss.  For example: you own a 2015 vehicle with actual cash value of $50,000 and the car was totaled by a covered peril.  The recovery amount is limited to the amount of the actual loss incurred, and not the actual cash value – or replacement cost less depreciation.




Auto Insurance Chesterfield VA {Laws and Regulations}

Insurance & Financial Services | Virginia Auto Insurance Education | (804) 739-9121Virginia law requires motorists to have auto insurance.  No owner of a motor vehicle registered in Virginia may operate, register, or maintain registration of a motor vehicle, or permit another person to operate the vehicle, unless the owner maintains the required liability coverage.

Virginia law requires all drivers to carry some types of coverage – at least state minimum. This means that you must have a policy with at least the following limits:

$25,000 of coverage for bodily injury liability per person

$50,000 of coverage for bodily injury liability per incident

$20,000 of coverage for property damage liability per incident

$25,000 of uninsured/underinsured motorist bodily injury coverage per person

$50,000 of uninsured/underinsured motorist bodily injury coverage per incident

$20,000 of uninsured/underinsured property damage coverage per incident

* Proof of auto insurance shall be carried in the insured motor vehicle at all times. * 



Failure to Comply with the Law May Result in Severe Penalties!

Insurance & Financial Services | Auto Insurance Chesterfield VA | (804) 739-9121

The Virginia DMV monitors insurance coverage through their Insurance Verification Program. If a vehicle is found to have become uninsured at any point, the license and registration of the driver will be suspended until the driver:

* Pays a $500 statutory fee

* Maintains proof of financial responsibility, Form SR-22, for three years

* Pays a reinstatement fee, if applicable



Auto Insurance Chesterfield VA {Implied Consent Law}

Insurance & Financial Services | Auto Insurance Chesterfield VA | (804) 739-9121

Virginia’s Implied Consent law requires that any driver submit to testing to determine the alcohol or drug content of their blood or breath when arrested by law enforcement for suspicion of driving under the influence (DUI). Refuse the test and you’ll face the following penalties in addition to the penalties for a DUI:

First Offense: 1 year driver’s license suspension

Second Offense: 3 year driver’s license suspension (if prior refusal occurred within 10 years)

Third Offense: 3 year driver’s license suspension (if prior refusal occurred within 10 years)



Breakdown Auto Insurance Policy Coverages

There are 6 primary components to your Auto Insurance policy and our licensed agents can help you determine the best coverages you need for your situation with a price that meets your budget.  For example: if you have 2 teenage drivers on your policy and own a $500,000 home – we would recommend enough coverage for a loss up to $500,000 so that your mortgage is covered in case of loss.  Virginia Auto Insurance Liability Insurance protects you, the insured/policy holder, against a claim made by another party, and covers the insured’s legal responsibility to body and property damage.  Bodily injury liability (BI) insurance covers you if you cause an accident in which someone else is injured. Your policy is designed to pay claims for each person injured in an accident, and limits the total paid per occurrence.


  • Property damage liability (PD) insurance covers you when you damage someone else’s property. For example, your property damage will pay out when you are at fault for an accident that causes damage to someone else’s car.


  • Uninsured/Underinsured motorist (UM/UIM) insurance covers your expenses when you are hit by a driver who does not carry adequate or does not have auto insurance. Our agents always recommend carrying uninsured/underinsured motorist insurance, so that you are not left with a financial loss because of someone else’s negligence to carry auto insurance.


  • Comprehensive insurance covers you in case your vehicle is damaged by an other than collision incident. The covered perils include hail, fire, theft, flood, earthquake, explosion, falling objects, and encounters with wildlife, such as deer 0r a Turkey and all glass breakage.  Comprehensive is optional coverage and you may choose your deductible amount.


  • Collision insurance pays for damage to your car if you run into another object. This coverage is not required by law, although your bank may require it, if you have a lien on your car.


  • Medical insurance coverage (Med Pay/MPC) acts as primary coverage for medical expenses you and your passengers incur if injured in a motor vehicle accident, regardless who’s at fault. Med pay can help you pay your bills as soon as they are incurred.


How Much is Virginia Auto Insurance?

Insurance & Financial Services | Virginia Auto Insurance Education | (804) 739-9121Insurance premiums are determined by the statistics of a large group of people who share the same risk. Many factors can affect your premium, and they all help determine how likely you are to have an accident.  Click here for more information from the Insurance Information Institute.  Some of the factors that will be used to determine the cost of insurance can include your driving record, how much you drive, your age, the type of car you drive, etc.

Insurance companies obtain the ratio of exposure by analyzing industry activities and driver statistics.  For example: if you live in an area where the average age of drivers is 45 years and they have decent driving records; the risk is slim, therefore calculating a lower premium.  It’s not that simple, but you get the idea.

Auto Insurance Policy Deductibles. A deductible on an auto insurance policy is the amount of money you agree to pay for damages before the insurance company provides payment towards the damage/loss.  Choosing a higher deductible means there is less risk of a payout for the insurance company, and so you may pay smaller premiums.  Insurance & Financial Services can help you make an informed decision on how to choose your deductible.



Contact one of our professional agents to schedule a free auto policy review.

We’ll make certain you will receive great value for insurance coverages you need.   (804) 739-9121




Auto Insurance Chesterfield VA | Insurance & Financial Services agent.     (804) 739-9121

Why Choose Health Insurance & Financial Services?

Located in Midlothian Virginia, we’ve proudly insured our neighbors with quality strategies for nearly three decades. Whether you’re in the market for an auto insurance policy for the family car, an individual health insurance plan because you’ve started your own freelance business, or you’re interested in a fixed annuity to help supplement your eventual retirement income, at Insurance and Financial Services, we have the resources to provide the solutions you seek.

Insurance and Financial Services is growing!   We are dedicated to strengthening our foundation as an insurance and financial services provider through continual growth and development. In 2017, we added joined the Smart Choice Agents Network to provide many new carriers and markets. This Smart Choice partnership has allowed us to broaden our service markets.

Areas Served

Insurance and Financial Services provides Chesterfield Auto Insurance to distinct communities within Chesterfield County Virginia including:

Bel Bridge, Bel Crest, Belmont, Bermuda Hundred, Bexley, Bon Air, Brandermill, Brandermill, Charter Colony, Chesdin Landing, Chester, Chesterfield, Collington, Colonial Heights, Courthouse, Deer Run, Enon, Ettrick, Fort Lee, Founders Bridge, Fox Creek, Genito, Gordon,  Hampton Farms, Harrowgate, Hening, Highlands, Hopewell, Jefferson Davis North, Magnolia Green, Manchester, Matoaca, Meadowbrook, Midlothian, Moseley,  Petersburg, Prince George, Reeds Landing, Richmond, Robious, Rockwood, Salisbury, South Rockwood, Spring Run, Summer Lake, Summerford, Winterpock, Woodlake, and Woodland Pond.

In addition to Chesterfield Virginia, Insurance & Finanical Services provides Insurance Services & Insurance Products to residents and businesses in Amelia, Chester, Colonial Heights, Fort Lee, Prince George, Hanover, Henrico, Hopewell, Machanicsville, Manchester, Petersburg, Powhatan, Richmond,  and surrounding areas.



Insurance Terms & Definitions

National Association of Insurance Commissioners provides a glossary of insurance terms and definitions that are commonly used in the insurance business.

The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.

Amy Spencer


Amy Spencer started her career in the insurance industry in March 2006 as a customer service representative for Insurance & Financial Services, Inc. She learned the business from the ground up and in September 2006 she decided to move forward with obtaining her Property & Casualty license. Amy has 11 years of experience starting in commercial truck and freight broker insurance. While she continues to serve her clients she also offers personal auto, home, renters, and small business insurance. Amy prides herself with customer service and making sure her clients have the coverage they need.

Amy was born and raised in Chesterfield County. In her free time, she enjoys spending time on the softball field watching and coaching her daughter as well as vacations at the family home at Lake Gaston, NC with her husband, Curtis, and their children Curtis Jr. (wife Breanda), Cameron, Ciara, Andrew, and Theresa.

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