The VRRP authentication type is not a parameter specific to the virtual router. VRRP uses the authentication type associated with the interfaces on which the virtual router is defined.
If your interfaces do not use authentication, neither does VRRP. For example, if you configure your device interfaces to use an MD5 password to authenticate traffic, VRRP uses the same MD5 password, and VRRP packets that do not contain the password are dropped.
In summary, if the interfaces on which you configure the virtual router use authentication, the VRRP or VRRP Extended (VRRP-E) packets on those interfaces must use the same authentication. The following VRRP and VRRP-E authentication types are supported: