Best car insurance in Virginia for 2023

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.

Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 

Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.

Virginia car insurance laws make it possible to opt out of car insurance altogether by paying a $500 uninsured motorist fee. However, a bill is on the table to eliminate this option, and most insurance professionals recommend that you purchase a policy for financial protection. Be aware that even if you pay the uninsured fee, you may still be responsible financially for any accident you cause. When determining how much coverage to buy, considering the total value of your vehicle in case of total loss may be an important step. Before you purchase your policy, you can ask your insurance provider or agent about any additional coverage that may benefit your needs.

When obtaining an insurance quote, you will typically need to provide your vehicle’s information, including the vehicle identification number (VIN) and the make and model of the car. You will also need the date of birth and driver’s license number for every driver listed on the policy and living in your household. If you have current auto insurance, having your declarations page available to reference may be helpful, as it typically includes information needed to start the quoting process.

Yes. In order to purchase license plates and drive legally in the state of Virginia, drivers must carry the state's minimum insurance requirements or pay the $500 uninsured motor vehicle fee.