The average cost of car insurance in Virginia is $294 per year for minimum coverage, according to Bankrate’s analysis of average rate data. On the other hand, Virginia drivers with full coverage car insurance pay an average of $770 per year. Both of these average car insurance rates are lower than the national average. Nationwide, drivers pay an average of $565 per year while the cost of full coverage averages $1,674 per year.
However, car insurance is based on individual factors, which means that individual driver rates can vary widely from the average. Still, it’s possible to find affordable car insurance in Virginia while also maintaining the right coverage for your needs. To help you get started, Bankrate found the cheapest auto insurance companies in Virginia.
The cheapest car insurance companies in Virginia
Finding the cheapest car insurance companies in Virginia involves comparing the rates for both minimum and full coverage from several national insurance providers. Bankrate utilized Quadrant Information Services and third-party sources to identify the cheapest carriers with financial strength and high customer satisfaction ratings. This provides drivers with an estimate and the ability to make a more informed decision.
Although there are numerous insurance providers offering cheap rates, your exact rates will depend on a variety of personal factors. These factors may include your zip code, vehicle, miles driven, driving history and age.
The cheapest companies for minimum coverage in Virginia
The five cheapest car insurance companies for minimum coverage in Virginia include USAA, Geico, Alfa, State Farm and Erie. Premiums range from $294 to $350 annually.
|Car insurance company||Average annual minimum coverage premium||Average monthly minimum coverage premium|
The cheapest companies for full coverage in Virginia
If you are looking for full coverage in Virginia, the cheap car insurance companies include:
|Car insurance company||Average annual full coverage premium||Average monthly full coverage premium|
|Virginia Farm Bureau||$984||$82|
Events that can impact your cheap rates in Virginia
Finding cheap rates in Virginia is one part of purchasing an auto insurance policy. Certain events or life changes can have an impact on your premiums after you purchase your policy. These include:
- Adding a teen driver: Teen drivers are considered a higher risk to insurance providers. As a result, your premiums are likely to increase if you add a teen driver to your policy. Luckily, there are ways you can possibly cut the costs you incur by adding a teen driver to your policy. This includes taking advantage of discounts for good grades and having your teen take a driver safety course.
- Received a speeding ticket: If you receive a speeding ticket or other moving violation, it is possible your rates will increase. The increase in premiums might be felt for up to three years. It may be possible to lower the cost of your premiums by taking defensive driving classes or completing other driver safety courses.
- Involved in an at-fault accident: Not only are at-faults stressful and scary to deal with, but they can also wreak havoc on your premiums. Some drivers will see an impact for up to five years. Accidents happen, and some insurance providers are less concerned with prior accidents than others, so shopping around for a new carrier with more competitive rates may be a good solution.
- Deemed a high-risk driver: If you are considered a high-risk driver due to factors like being convicted of a DUI or having multiple at-fault accidents in a short period of time, you will likely pay much higher rates for your car insurance. Shopping for insurance providers offering cheaper rates may not only make it more affordable, but may also be necessary if you want to find a provider willing to provide coverage.
Cheapest cities in Virginia for minimum coverage
Rates not only vary from one state to another, but can change depending on the zip code (in states where allowed). The table below shows how Virginia auto insurance rates can vary. This is important to remember if you choose to move within the state, which could have an impact on your rates.
|City||Average annual minimum coverage premium||Average monthly minimum coverage premium|
Cheapest cities in Virginia for full coverage
Full coverage policy costs can also vary by city and ZIP code. The costs are impacted by factors such as cost of living and cost of repairs on vehicles in each area. The cheapest Virginia cities for full coverage auto insurance include:
|City||Average annual full coverage premium||Average monthly full coverage premium|
Minimum coverage requirements for Virginia drivers
Drivers in Virginia are required to carry minimum liability coverage unless the driver is willing to pay the uninsured vehicle fee. The uninsured vehicle fee is a $500 fee paid directly to the DMV that allows you to drive without insurance for 12 months, but does not provide you with any insurance coverage. Massachusetts state minimum coverage includes:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $20,000 property damage liability per accident
Uninsured and underinsured motorist coverages must be offered but can be declined in writing. Purchasing only the minimum required coverage could put drivers in Virginia in a vulnerable situation. There is no guarantee minimum coverage would cover the entire cost of an at-fault accident — nor will it provide any payment towards the repair or replacement of your own vehicle — which can make it even more difficult to financially recover from an accident.
Here is how to find (and keep) cheap car insurance in Virginia
Finding cheap car insurance rates in Virginia is one piece of the puzzle, but so is keeping your low rates over time. Here are a few things to keep in mind as you navigate through your insurance provider choices and quest for affordable rates:
- Comparing numerous insurance providers is key. The best way to know if you are getting the cheapest rates is to compare a number of insurance providers. Rates vary from one carrier to another, which means you can benefit from shopping around. Keep in mind the coverage limits that are best for you, and be sure to compare coverage options in addition to rates.
- Maintain good driving records and safe driving habits. Maintaining a clean driving record not only keeps you safer on the road, but also helps you qualify for additional savings. Also, as your vehicle ages, you should make it a regular habit to review your policy and adjust coverages as necessary.
Frequently asked questions
What is the best car insurance in Virginia?
There are plenty of great car insurance companies in Virginia, but the right one for you will depend on what you are looking for in a provider. For example, if you prioritize customer satisfaction, you may prefer working with an insurance carrier that has a large network of local agents. You may also want mobile app or online portal accessibility to manage your policy on your own. These are just some considerations to take into account when looking for the best car insurance in Virginia.
How can I get cheap car insurance quotes in Virginia?
Getting cheap car insurance quotes is possible by using a couple of different methods. One option is to input your personal information and get online quotes by visiting a number of different insurance providers’ websites. Another option is to work with one or more local agents to finalize a personalized quote for you. You may be able to call the customer service number for different agents and walk through the information over the phone as well.
Is Virginia a no-fault state?
No, Virginia is not a no-fault state. This is why Virginia drivers should strongly consider purchasing more than just the state-required minimum liability. Full coverage insurance can keep you from being put into a financial predicament if you are found liable for an accident or another type of claim.
Does Virginia require underinsured/uninsured motorist coverage?
No, Virginia does not require underinsured/uninsured motorist coverage. While underinsured motorist/uninsured motorist coverage must be offered in the state of Virginia, it can be declined in writing. If as a driver in Virginia you opt into underinsured/uninsured motorist coverage, your insurance kicks in once the other person’s policy’s limits are reached. The limits are often the same as the state’s minimum liability requirements. Therefore, if the other driver’s policy paid $20,000 for property damage, your carrier would cover up to an additional $20,000 if necessary.
How can you find the cheapest car insurance in Virginia?
The cheapest car insurance in Virginia will be different for every driver. Factors that impact the cost of car insurance could include where you live, what kind of car you drive, your driving and claims history, and more. Insurance carriers also offer different rates based on the coverage types and options you select, and discount opportunities can vary as well among insurers. Requesting quotes from more than one insurance company may be the best way to find the cheapest rate and best coverage for your needs.
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 coverage that meets 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.