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Average cost of car insurance in Virginia for 2024

Updated May 01, 2024

Virginia drivers pay an average of $1,963 per year for full coverage car insurance and $677 per year for minimum coverage.

How much is car insurance in Virginia? 

Virginia drivers pay fairly low average rates for car insurance, especially when compared to the national average. The average car insurance cost in Virginia for full coverage, $1,963 per year, is 15 percent less than the national average of $2,299. Minimum coverage in Virginia costs an average of $677 per year, almost 6 percent more than the national average of $637. These relatively low rates are likely due to the lower cost of living and low traffic density in more rural parts of the state. While average rates are useful as a comparative baseline, the exact amount for how much car insurance in Virginia will cost will vary between drivers.

Key takeaways

  • Virginia car insurance rates average $1,963 per year or $164 per month for full coverage and $677 per year or $56 per month for minimum coverage.
  • The age group that pays the most for car insurance in Virginia is 18-year-old male drivers on their own policy at an average of $557 per year for full coverage.
  • An at-fault accident increases average Virginia full coverage car insurance rates by 41 percent more per year.
  • Drivers with excellent credit pay 21 percent less than the state average for full coverage.

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Virginia car insurance rates by city

Car insurance rates vary by city, and Virginia is no exception. In some cities, rates may be lower due to a lower cost of living or a lower likelihood of accidents. Conversely, rates could be higher in areas that are more likely to see claims being filed. The table below showcases Virginia car insurance rates for ten of the most populous cities and compares each city’s average full coverage premium to the state average.

City Avg. monthly full coverage premium Avg. annual full coverage premium Avg. savings vs. state average

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Average car insurance costs by age and gender in Virginia

How much car insurance costs in Virginia can depend on the age of the driver. Your age impacts how much you pay for car insurance, especially for young drivers. Less experience on the road generally translates to a higher likelihood of claims, which means higher rates. The rates below are for drivers with a clean driving record and their own car insurance policy (with the exception of 16-year-old rates).

Age 16*
Avg. monthly full coverage premium in Virginia
$421
Avg. annual full coverage premium in Virginia
$5,053
Age 18
Avg. monthly full coverage premium in Virginia
$557
Avg. annual full coverage premium in Virginia
$6,680
Age 20
Avg. monthly full coverage premium in Virginia
$409
Avg. annual full coverage premium in Virginia
$4,904
Age 25
Avg. monthly full coverage premium in Virginia
$216
Avg. annual full coverage premium in Virginia
$2,596
Age 30
Avg. monthly full coverage premium in Virginia
$180
Avg. annual full coverage premium in Virginia
$2,161
Age 40
Avg. monthly full coverage premium in Virginia
$166
Avg. annual full coverage premium in Virginia
$1,991
Age 50
Avg. monthly full coverage premium in Virginia
$152
Avg. annual full coverage premium in Virginia
$1,828
Age 60
Avg. monthly full coverage premium in Virginia
$148
Avg. annual full coverage premium in Virginia
$1,772
Age 70
Avg. monthly full coverage premium in Virginia
$163
Avg. annual full coverage premium in Virginia
$1,960
Age 40
Avg. monthly full coverage premium in Virginia
$166
Avg. annual full coverage premium in Virginia
$1,991
Age 50
Avg. monthly full coverage premium in Virginia
$152
Avg. annual full coverage premium in Virginia
$1,828
Age 60
Avg. monthly full coverage premium in Virginia
$148
Avg. annual full coverage premium in Virginia
$1,772
Age 70
Avg. monthly full coverage premium in Virginia
$163
Avg. annual full coverage premium in Virginia
$1,960
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Avg. monthly full coverage premium in Virginia
$374
Avg. annual full coverage premium in Virginia
$4,484
Age 18
Avg. monthly full coverage premium in Virginia
$512
Avg. annual full coverage premium in Virginia
$6,148
Age 20
Avg. monthly full coverage premium in Virginia
$362
Avg. annual full coverage premium in Virginia
$4,350
Age 25
Avg. monthly full coverage premium in Virginia
$205
Avg. annual full coverage premium in Virginia
$2,459
Age 30
Avg. monthly full coverage premium in Virginia
$174
Avg. annual full coverage premium in Virginia
$2,091
Age 40
Avg. monthly full coverage premium in Virginia
$161
Avg. annual full coverage premium in Virginia
$1,935
Age 50
Avg. monthly full coverage premium in Virginia
$144
Avg. annual full coverage premium in Virginia
$1,734
Age 60
Avg. monthly full coverage premium in Virginia
$144
Avg. annual full coverage premium in Virginia
$1,731
Age 70
Avg. monthly full coverage premium in Virginia
$160
Avg. annual full coverage premium in Virginia
$1,918
Age 40
Avg. monthly full coverage premium in Virginia
$161
Avg. annual full coverage premium in Virginia
$1,935
Age 50
Avg. monthly full coverage premium in Virginia
$144
Avg. annual full coverage premium in Virginia
$1,734
Age 60
Avg. monthly full coverage premium in Virginia
$144
Avg. annual full coverage premium in Virginia
$1,731
Age 70
Avg. monthly full coverage premium in Virginia
$160
Avg. annual full coverage premium in Virginia
$1,918
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
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Bankrate’s take: In Virginia, insurance companies can use age and gender as rating factors for car insurance. According to data from the Insurance Institute for Highway Safety (IIHS), men are statistically more likely to engage in risky driving behaviors such as speeding, drunk driving and not wearing a seatbelt. Insurance companies tend to charge male drivers more for car insurance due to this risk, but as men and women get older, the premium difference between the two groups becomes minimal.

Cost considerations for young drivers in Virginia

Very often, young drivers don’t purchase their own car insurance policy. Instead, they’re added as drivers to their parents’ or guardians’ policy. Generally, this is the cheapest way to get coverage, and it’s usually encouraged for young drivers to stay on the shared policy if they are still a member of the parents’ or guardians’ household. Once a young driver moves out and establishes their own household, they’ll then be required to purchase their own car insurance policy.

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Age 16*
Avg. annual premium for drivers in VA
$4,768
Age 17
Avg. annual premium for drivers in VA
$4,361
Age 18
Avg. annual premium for drivers in VA
$4,021
Age 19
Avg. annual premium for drivers in VA
$3,526
Age 20
Avg. annual premium for drivers in VA
$3,283
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in VA
$6,414
Age 19
Avg. annual premium for drivers in VA
$5,043
Age 20
Avg. annual premium for drivers in VA
$4,627
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 60 percent more
Age 19 43 percent more
Age 20 41 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Virginia?

Your driving record has one of the biggest impacts on your Virginia car insurance rates. If you have speeding ticket convictions, at-fault accidents or DUI convictions on your record, you are more likely to be viewed as a high-risk driver and pay higher rates for car insurance. For example, Virginia drivers with a DUI conviction on their records pay around double what a driver with a clean driving record pays. Below you can see the average cost of car insurance in Virginia for drivers with either a speeding ticket, an at-fault accident or a DUI conviction on their motor vehicle records.

Clean driving record
Avg. annual premium* in Virginia
$1,963
Percentage increase from Virginia avg. annual premium*
0%
Avg. annual premium* in Virginia
$2,369
Percentage increase from Virginia avg. annual premium*
21%
Avg. annual premium* in Virginia
$2,769
Percentage increase from Virginia avg. annual premium*
41%
Avg. annual premium* in Virginia
$3,950
Percentage increase from Virginia avg. annual premium*
101%
*The table above compares driving records with different incidents and highlights how much, on average, these incidents tend to raise rates. *The rates reflected are for full coverage policies.

Car insurance rates in Virginia by credit tier

Virginia, like most states, allows insurers to use your credit history to calculate a credit-based insurance score. This score is then used, in part, to determine your car insurance premium. Drivers with lower credit scores tend to file more claims, which makes them a higher risk for insurers. In Virginia, drivers with poor credit pay 154 percent more than drivers with excellent credit scores.

Avg. annual premium* in Virginia
$3,927
Percentage difference from Virginia avg. annual premium*
100%
Average
Avg. annual premium* in Virginia
$2,198
Percentage difference from Virginia avg. annual premium*
12%
Avg. annual premium* in Virginia
$1,963
Percentage difference from Virginia avg. annual premium*
0%
Excellent
Avg. annual premium* in Virginia
$1,545
Percentage difference from Virginia avg. annual premium*
-21%
*Rates reflect full coverage policies.

Virginia car insurance rates by vehicle type

Lastly, our team took a look at the average car insurance cost in Virginia by the type of vehicle being insured. Some vehicles, like sports or luxury cars, are more expensive to insure. Liability coverage might be pricier if a vehicle has a higher statistical likelihood of an accident, while full coverage may cost more if a vehicle is more expensive to repair or replace. Of the models we analyzed in Virginia, the Honda Odyssey had the cheapest average rate at $1,774 per year for full coverage. The most expensive was a BMW 330i, at $2,400 per year. Keep in mind that this is still below the national average cost for full coverage, which is $2,299 per year.

Avg. annual premium* in Virginia
$1,963
Avg. annual premium* in Virginia
$1,873
Avg. annual premium* in Virginia
$1,774
BMW 330i
Avg. annual premium* in Virginia
$2,400
Toyota Prius
Avg. annual premium* in Virginia
$2,081
*Rates reflect full coverage policies.

Estimate your car insurance cost in Virginia

Selecting the best car insurance policy can come with a lot of big decisions. To make things easy, Bankrate created the handy calculator tool below. After entering some basic information, you'll see a rough insurance premium estimate. While this is not an exact quote, knowing what you could expect to pay for car insurance can help you budget accordingly.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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