Average cost of car insurance in Virginia

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The average cost of car insurance in Virginia is $1,304 per year for full coverage and $441 per year for minimum coverage. Although car insurance rates in Virginia are already lower than some neighboring states, you may be able to find a lower price from one of the cheapest auto companies in Virginia. Knowing what factors affect your premium could help you feel more in control of your insurance costs.

How much does car insurance cost in Virginia?

Auto insurance in Virginia costs, on average, $1,304 per year for full coverage and $441 per year for minimum coverage. Drivers in Virginia pay less for car insurance than the national annual average of $1,674 for full coverage and $565 for minimum coverage.

However, there are several factors that affect your auto insurance rates. The area you live in, your age, driving history and the car insurance company you choose all play an important part in car insurance rates in Virginia.

Virginia car insurance rates by company

Bankrate collected premium data from Quadrant Information Services for insurance companies in Virginia. Because each company has its own rating algorithm, prices vary for the same coverage:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Alfa $331 $1,043
Allstate $466 $1,421
Cincinnati Insurance $475 $1,584
Donegal $379 $1,203
Electric Insurance Company $918 $3,308
Erie $350 $1,025
Geico $309 $1,227
Kemper $946 $2,386
Mercury $353 $1,239
MetLife $754 $1,885
Nationwide $357 $770
Progressive $364 $945
State Farm $331 $993
Travelers $361 $910
USAA $294 $890
Virginia Farm Bureau $366 $984

Virginia car insurance rates by city

Even within a state, auto insurance premiums can vary greatly. The table below shows the 20 largest cities in Virginia by population and how their average premiums stack up against the state average. Every city and even every ZIP code has its own unique set of rating factors, like the likelihood of accidents, that affects its premiums.

City Average annual premium for full coverage % difference from state average annual premium
Virginia Beach $1,378 6%
Richmond $1,384 6%
Norfolk $1,499 15%
Chesapeake $1,357 4%
Arlington $1,314 1%
Newport News $1,366 5%
Fredericksburg $1,286 -1%
Alexandria $1,398 7%
Hampton $1,377 6%
Roanoke $1,185 -9%
Portsmouth $1,446 11%
Charlottesville $1,265 -3%
Lynchburg $1,224 -6%
Suffolk $1,339 3%
Williamsburg $1,196 -8%
Centreville $1,359 4%
Stafford $1,296 -1%
Winchester $1,162 -11%
Harrisonburg $1,097 -16%
Dale City $1,377 6%

Virginia car insurance rates by age

As is the case in most states, younger drivers tend to pay more for auto insurance in Virginia than older drivers. This is likely due to the inexperience of young drivers. Teen drivers face the most expensive premiums in part due to the number of accidents and traffic-related fatalities for their age range.

Age Average annual premium in Virginia
Age 16* $2,084
Age 18 $4,382
Age 20 $3,243
Age 25 $1,770
Age 30 $1,431
Age 40 $1,347
Age 50 $1,202
Age 60 $1,165
Age 70 $1,294

*16-year-old added to their parents’ policy

Virginia car insurance rates by driving record

Safe drivers typically get the cheapest car insurance rates. This is because, if you have accidents and tickets on your driving record, insurance companies usually view you as more likely to cause an accident in the future. If you have a DUI on your record, you could be facing car insurance premiums that are over twice as high as the state average.

Driving incident Average annual full coverage premium in Virginia % increase in average annual premium
Speeding ticket $1,634 25%
Accident $1,891 45%
DUI $2,705 107%

How to save on car insurance in Virginia

Although auto insurance premiums in Virginia are lower the national average, you might be able to save by:

  • Periodically comparing your current rate: Getting quotes from several car insurance companies could help you to find a lower premium for the same coverage. If you find a new company, you could switch your insurance to the cheaper provider.
  • Signing up for telematics: Some insurance companies have programs that track your driving habits and discount your premium based on the data received. If you are a safe driver, you could earn a discount.
  • Bundling coverage: If you buy home or renters insurance with your auto policy, you could get a discount on both.
  • Checking with your employer: Some companies have special affiliation discounts with select insurance providers that could earn you a discount on your car insurance.

Every company has its own set of discounts, so talking to your agent might be the best way to identify opportunities to save.

Frequently asked questions

How much is car insurance in Virginia per month?

Based on Bankrate’s findings of the average cost of car insurance in Virginia, minimum car insurance is about $36.75 per month and full coverage averages about $108.67 per month. Your price will vary based on your unique rating factors.

Do I need full coverage car insurance in Virginia?

If you finance your vehicle with a lease or loan, you will likely be required to have full coverage car insurance by the dealer or lender. If you do not have a loan and you opt for liability only coverage, you will be responsible for your vehicle’s repairs or replacement out of pocket.

What is the difference between liability only and full coverage?

Liability-only coverage covers you for damage that you cause to others, including their injuries and property damage. Full coverage includes comprehensive and collision insurance, which provide coverage for damages to your own vehicle.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
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