HD4 - Uninsured Motorists in Virginia (1995)
Executive Summary: Insurance Monitoring Activities July 1, 1993 - June 30, 1994 As of June 30, 1994, there were 5,333,919 vehicles registered in Virginia. This figure represents an increase from the 4,808,556 vehicles registered as of June 30, 1993. The following statistics provide an overview of the Department of Motor Vehicles' insurance monitoring activities for FY93-94: • 327,589 vehicle owners were issued notices which resulted in 26,850 net orders of suspension. • The average overall detection rate for DMV's Insurance Monitoring Program was 8.19%. • The detection rate for each insurance monitoring process was as follows: Vehicle Registration Sample: 6.53% Conviction Sampling: 20.77% Suspected Uninsured Accident: 69.92% Law Enforcement Notification: 47.69% Citizen Information/Police Accident Report: 53.69% • 7,038 motorists voluntarily paid the uninsured motor vehicle fee at the time of registration. • 21,028 motorists paid the penalty fee after being detected by DMV as being uninsured. • A total of 84,051 certificates of insurance were filed. • Net revenue collections were $8,986,523. • DMV's appropriation was $3,893,324. • The net funds available for transfer to the State Corporation Commission were $4,868,511, an increase of $794,992 from FY92-93. |
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