Virginia drivers required to have car insurance starting July 1

• Now, drivers will have to show proof of insurance when registering a car — or renewing registration — as a result of a law passed last year.

If you don't within 30 days of the DMV asking for it, the agency can:

• Charge you $600 for a noncompliance fee.
• Suspend your license, registration and license plates until you pay it and show proof of insurance.
• Require a $145 reinstatement fee to get your license back.

The big picture: Insurance prices this past month saw the largest annual jump in 40 years.

• And it's happening at a time when high vehicle prices, climate catastrophes and increasingly risky driving patterns are also driving up insurance rates.

Between the lines: The national average cost for a full-coverage policy is $2,019 per year, according to Insurify.

• MarketWatch found Virginia's rates are 11% cheaper at $1,781 or $148 per month.

What's next: The minimum liability insurance coverage requirements will go up next January from:

• $30,000 to $50,000 for the injury or death of one person.
• $60,000 to $100,000 for two or more people.
• $20,000 to $25,000 for property damage.