Skip to Main Content

Best car insurance in Virginia for 2023

Geico, State Farm, Travelers, Nationwide and Erie are some of the best insurance companies in Virginia based on Bankrate’s research.

Updated Nov 29, 2023
Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance companies in Virginia

We know that the best car insurance company may be different for each driver. To find the best companies in Virginia, Bankrate reviewed multiple aspects of each company, including average premiums, coverage options, discounts and J.D. Power’s customer satisfaction ratings for the Mid-Atlantic region. Each company was assigned a Bankrate Score on a scale of 0.0 to 5.0. The higher the score, the more highly that company ranked in each category we considered.

Based on our analysis, utilizing data from Quadrant Information Services, the top five carriers offering auto insurance in Virginia include Geico, State Farm, Travelers, Nationwide and Erie. The table below provides the scores and average pricing for full and minimum coverage for each company. This should help provide a good comparison against Virginia’s state averages of $1,439 for full coverage and $494 for minimum coverage.

Insurance company
Bankrate score
Info
Average full coverage rate* Average min coverage rate*
4.4
Rating: 4.4 stars out of 5
$1,332
$416
4.2
Rating: 4.2 stars out of 5
$1,192
$372
4.0
Rating: 4 stars out of 5
$1,001
$344
3.9
Rating: 3.9 stars out of 5
$946
$396
4.1
Rating: 4.1 stars out of 5
$1,047
$607
*Displayed rates are average annual premiums
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best for digital policy management

Rating: 4.4 stars out of 5
4.4 Bankrate Score
JD Power: 818/1,000 AM Best: A++

Average annual premium

$ 1,332 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Geico made our list: Geico is the third-largest U.S. auto insurer and stood out for its digital tools, which allow for easy claims filing, policy management and customer support access through the carrier's app or website. Although Geico received a J.D. Power customer satisfaction rating that is slightly below the regional average, it carries the highest possible financial strength rating from AM Best. Plus, Geico customers may enjoy lower premiums on average compared to other insurers in Virginia. Policyholders may see even lower rates with potential discounts for safe driving, being a federal employee, military service and more.

Who Geico may be good for: Geico may be a good option for customers who are looking to manage their policies digitally or those looking for a wide variety of discounts.

Read full Geico Insurance review

Best for local agents

Rating: 4.2 stars out of 5
4.2 Bankrate Score
JD Power: 843/1,000 AM Best: A++

Average annual premium

$ 1,192 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why State Farm made our list: State Farm is the largest insurer of private passenger auto policies in the U.S. and our 2023 Bankrate Award winner for best car insurance for high-risk drivers. For Virginia drivers, the company offers an average full coverage premium that is competitive compared to the state’s average, as well as discounts that may lower your premium even more. State Farm also earned second place for customer satisfaction in the Mid-Atlantic region from J.D. Power, indicating that many customers are satisfied with the service.

Who State Farm may be good for: State Farm insurance could be a good choice for policyholders who prefer the one-on-one experience with a local agent. If you like having all your financial products in one place, State Farm may be a good option, as it also offers many other insurance, banking and investment products.

Read full State Farm review

Best for optional add-ons

Rating: 4 stars out of 5
4 Bankrate Score
JD Power: 822/1,000 AM Best: A++

Average annual premium

$ 1,001 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Travelers made our list: Travelers has a wide variety of endorsement options for auto insurance including gap insurance, new car replacement and roadside assistance. Thanks to a variety of available discounts, you may be able to save on your Travelers premium by bundling your policies, owning a home, or buying a new car, an electric car or a hybrid vehicle.

Who Travelers may be good for: Travelers may be a good choice for drivers who want to customize their coverage without sacrificing customer service. It may be an especially good choice for drivers looking for coverage for an electric or hybrid vehicle.

Read full Travelers review

Best for budget-friendly options

Rating: 3.9 stars out of 5
3.9 Bankrate Score
JD Power: 820/1,000 AM Best: A+

Average annual premium

$ 946 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Nationwide made our list: Nationwide offers some of the lowest average rates for Virginia drivers on our list, especially for full coverage. Despite receiving a below-industry-average score from J.D Power for customer satisfaction, the company was rated A+ (Superior) for financial strength from AM Best. Nationwide does offer a few options for customization, including roadside assistance and gap insurance, but may not offer as many endorsements as some of its competitors.

Who Nationwide may be good for: Nationwide may be a good option for policyholders on a budget. In addition to low average rates, the carrier offers potential discounts for multiple policies, safe driving, remaining accident free and more.

Read full Nationwide Insurance review

Best for customer service

Rating: 4.1 stars out of 5
4.1 Bankrate Score
JD Power: 863/1,000 AM Best: A+

Average annual premium

$ 1,047 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Erie made our list: With coverage in just 12 states and a distribution network of local independent agents. Erie is a super-regional insurance company with the highest ranking for customer satisfaction in the J.D. Power annual study for the Mid-Atlantic region. Although its premiums are already competitive, Erie offers several potential discounts to help customers lower their rate, including potential savings for safety features, bundling and remaining claims-free.

Who Erie may be good for: Erie Insurance stands out for its commendable customer service, having secured the top spot in Virginia’s region in the J.D. Power Auto Insurance Study for customer satisfaction. Those exploring insurance options might consider Erie not only for this achievement but also for their typically competitive premiums and distinctive coverage choices.

Read full Erie insurance review

Lightbulb

How Bankrate chose the best car insurance companies in Virginia

The best car insurance company may look different for every driver based on their coverage needs and priorities. This is why Bankrate took a holistic approach to evaluating carriers when choosing our best car insurance companies in Virginia. In addition to average premium data from Quadrant Information Services, Bankrate also looked at customer satisfaction, financial strength, coverage options, digital tools and more to assign each carrier a Bankrate Score out of five points. We hope this Score will help provide an overview of each carrier's offerings and indicate which companies could best fit your needs.

Bankrate logo

Why you can trust Bankrate

Read our full methodology

To help Virginia drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

20.7K

ZIP codes examined

1.2M

quotes analyzed

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Caret DownCaret Up
Please select age
Location-Icon
Lock Secure Your information is secure
SAVE WITH TRUSTED PROVIDERS
+ MORE
Powered by Coverage.com (NPN: 19966249)
Insurance Disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Badge No spam. No fees. No surprises.
Caret Left Back
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Choose from offers in
Powered by Coverage.com (NPN: 19966249)
Insurance Disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in Virginia

The best car insurance for one driver is not always the best for another, so some tips and tricks may help you narrow down the best company for your needs. Comparing quotes may help you find the cheapest carriers in Virginia, while the strategies below could help ensure that the carrier you choose meets your coverage and customer service needs.

New

News that affects Virginia drivers

Virginia drivers may notice a change in their car insurance bills due to a recent adjustment in state law that took effect on July 1, 2023. The new regulations alter the way insurance companies handle payouts for claims involving underinsured drivers. Previously, if a driver was involved in an accident with an underinsured at-fault party, their insurance company would deduct the amount paid by the at-fault driver's policy from their payout. Now, that amount is added to the victim's coverage, offering more protection in case of major accidents. However, this increased coverage might lead to a slight rise in premiums. It's recommended that drivers consult with their insurance agents before making any coverage decisions.

Related content:

Ready for your quote?

Answer a few questions to see personalized rates from top carriers in Virginia

Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Virginia?

The average cost of car insurance in Virginia is quite a bit lower than the national average for both minimum coverage and full coverage. While the national averages for full and minimum coverage are $2,014 and $622, respectively, Virginia’s average rates are $1,439 for full coverage and $494 for minimum coverage. Virginia’s average rates are also lower than that of nearby states with West Virginia and North Carolina averaging $1,580 and $1,446 for full coverage, respectively.

These lower rates in Virginia may be attributed to lower accident frequency and severity and lower vehicle theft rates. These rates are based on 2023 quoted annual premiums from Quadrant Information Services. Keep in mind that these rates are estimates and may vary by state, driver profile and individual company.

Estimate your car insurance cost in Virginia

Understanding the landscape of car insurance in Virginia can sometimes feel like navigating a winding road. To streamline your journey and help you gain clarity on potential costs, use our calculator for a tailored estimate of Virginia auto insurance premiums.

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Calculate your monthly car insurance payment

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

Caret DownCaret Up
Please select age
Lock Secure Data protected by bank-level security.
Caret DownCaret Up
Please select credit score
Why we're asking
Methodology

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 2021 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.

Clock Wait
46
years of industry expertise
Search
122
carriers reviewed
Location
20.7K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed
Savings

Compare rates and save on auto insurance today!

ZIP code
Close X
Written by
Ashlyn Brooks

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute