The average cost of car insurance in Roanoke, Virginia, for minimum coverage is $411 per year and $1,185 for full coverage. However, Bankrate’s recent study on data pulled from Quadrant Information Services found that several Roanoke car insurance companies offer rates well below the average. USAA and State Farm offer the cheapest average annual minimum coverage auto insurance rates in Roanoke, according to our research, while Nationwide offers the cheapest average full coverage premiums.
When shopping around for car insurance, your results could vary based on your age, driving record, type of vehicle and coverage limits. However, the following carriers selected provided the lowest rates and best customer support of the companies we compared.
Best car insurance companies in Roanoke
The following carriers were among the cheapest car insurance in Roanoke and had the best ratings from J.D. Power’s annual insurance study based on policyholder reviews.
|Insurance company||J.D. Power auto insurance study score (Mid-Atlantic)||Average annual premium for minimum coverage||Average annual premium for full coverage|
|USAA*||896 / 1000||$294||$890|
|Geico||835 / 1000||$309||$1,227|
|State Farm||851 / 1000||$331||$993|
|Nationwide||823 / 1000||$357||$770|
*USAA is not officially ranked by J.D. Power due to eligibility restrictions.
USAA offers an impressive combination of low insurance rates and high customer satisfaction. There are no USAA branches in the Roanoke area, but you can reach customer service by phone or through the mobile app or website. Although USAA has the highest J.D. power score of all providers, it is not officially ranked because of its limited availability. Only veterans, former and current Armed Forces personnel or their qualifying relatives can access USAA coverage.
Learn more: USAA insurance review
Geico also makes our list of best car insurance in Roanoke for its low rates. The biggest drawback is Geico’s full coverage rates, which are the most expensive compared to the other carriers we reviewed. But if you are only in search of the minimum amount of coverage required in Virginia to drive legally, Geico is up for the task, with the second-lowest average annual rates on our list. Be sure to take advantage of the huge list of discounts the provider offers, such as occupational, safety equipment, auto payments and safe driver savings.
Learn more: Geico insurance review
State Farm is the largest car insurance company in the U.S. by market share. The provider does not offer many add-on coverage options, but its minimum and full coverage rates are among the most affordable on our list, and its J.D. Power customer satisfaction score is the third-highest in the mid-Atlantic region. There are also a host of discount options available, including programs that reward safe driving habits.
Learn more: State Farm insurance review
Erie Insurance is the highest-rated car insurance company on our list by J.D. Power since USAA is not officially ranked. Its average annual rates are also relatively low for minimum car insurance. If you opt for full coverage car insurance from the carrier, you also get auto glass repair, pet coverage that pays for vet expenses if your pets are injured in an accident and locksmith service up to $75 per incident if you are locked out of your vehicle.
Learn more: Erie Insurance review
Nationwide is the cheapest car insurance company in Roanoke on our list if you need full coverage car insurance, including collision and comprehensive coverage. Your lender or leasing company may require you to carry a more extensive auto policy to protect their vehicle. Nationwide’s free On Your Side review also gives policyholders a free review of their insurance to ensure they have the right coverage.
Learn more:: Nationwide insurance review
Cheapest car insurance in Roanoke
Compare how car insurance companies in Roanoke compare to other parts of the country:
- The average national cost of full car insurance: $1,674 per year
- Virginia’s average cost of full car insurance: $1,304 per year
- Average cost of car insurance in Roanoke: $1,185 per year
As you can see, the average cost of car insurance in Roanoke is much cheaper than in neighboring areas — and the rest of the country. Rates may be higher or lower, depending on the carrier you choose and your circumstances. But the following five carriers might be a good place to start, providing cheap car insurance that beats the city’s average:
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
When evaluating which of the five carriers is best for you, start with online quotes to compare your actual rates. USAA’s availability is limited to individuals with a military affiliation. Alfa, Geico, State Farm and Erie all provide cheap minimum coverage. Alfa and Geico don’t have the most robust coverage options, but both offer an impressive list of potential discounts. State Farm offers competitive minimum and full coverage rates as well as solid customer service rankings. Erie is well-known for excellent customer service, scoring well consistently in J.D. Power’s annual studies.
Roanoke insurance requirements
Roanoke drivers must carry minimum liability coverage with at least these policy limits:
- Bodily injury liability coverage per person: $25,000
- Bodily injury liability coverage per accident: $50,000
- Property damage coverage: $20,000
In Virginia, drivers do have the option to pay a $500 fee to register and drive their car legally without insurance. To qualify, drivers must also legally attest that they are financially able to pay for any damage or injuries if they cause an accident.
While the state enforces minimum amounts of car insurance in most cases, your situation may call for higher limits and more coverage. If you drive a newer-model vehicle or lease/finance your car, your lender will likely require you to purchase full coverage car insurance. Even if you own your vehicle outright, most insurance experts recommend obtaining coverage higher than the legally required minimum amounts to better protect yourself financially.
Car insurance discounts in Roanoke
Although Roanoke’s car insurance rates are comparatively cheap, you may still be able to find more savings. Look out for discounts from car insurance companies, including:
- Telematics: Many carriers have created telematics programs that track your driving and reward safe habits with lower rates. Enrolling in driver tracking might be a good opportunity to start fresh if you have a history of moving violations or accidents. Download the app, allow it to monitor your driving and receive discounts when premiums are due if you demonstrate safe driving habits.
- Bundling: Purchasing coverage for more than one vehicle or combining home and auto insurance with one company can help lower your premiums overall.
- Loyalty: Sticking with the same carrier over time is a good way to build a track record. In addition, you may receive a loyalty discount. Although it is not a bad idea to compare rates from several carriers from time to time to ensure you are getting the best deal for your situation.
- Paperless: The discount is small, but opting to view your statements online instead of through the mail could save you some money.
The discounts with the most significant impact are typically for bundling policies or enrolling in a telematics program. Most telematics programs do not penalize you or raise your rates if you do not practice safe driving habits, but if you engage in careful driving while being tracked, you could net some worthwhile savings on your premium.
Frequently asked questions
What is the best car insurance company?
The best car insurance company is different for everyone and depends on your needs. Our picks for the best car insurance companies in Roanoke are USAA, State Farm, Erie Geico and Nationwide. Still, there may be other companies out there that can offer you lower rates or different coverage options that better fit your needs. We based our decision on several factors, including policy options, customer ratings, pricing and discounts. It’s always a good idea to shop around and compare several companies before purchasing your auto insurance.
How much does car insurance in Roanoke cost?
The average cost of car insurance in Roanoke for minimum coverage is $411 per year and $1,185 for full coverage. However, your pricing may vary depending on your driving record, type of vehicle and the coverage limits you choose.
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.