Insurance Companies In Virginia – To determine the best cheap car insurance in Virginia, our editors compared quotes from some of the largest car insurance companies in the state for each zip code. Minimum coverage prices meet Virginia’s minimum requirements of $30,000 per person in personal injury liability coverage and $60,000 per accident and $20,000 in property damage coverage. Prices for full coverage policies include collision and comprehensive coverage and higher liability limits than state minimums.
Additionally, we’ve ranked the best Virginia companies based on affordability, customer satisfaction, convenience and availability of coverage for different drivers.
Insurance Companies In Virginia
Geico has the best minimum auto insurance coverage rates for Virginia drivers. Car insurance with Geico costs $327 a year, which is $228 less than the national average.
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The average cost of car insurance in Virginia is $555 per year, or $46 per month, for minimum liability.
Minimum liability insurance has the lowest coverage you can buy, which also makes it the cheapest form of auto insurance. Low rates can make that minimum coverage policy seem like the best option, but in Virginia they can cause injury to another driver and damage to their property. This means that you can pay more in the long run in the event of an accident.
State Farm offers the best comprehensive auto insurance rates in Virginia. At just $912 a year or $76 a month, State Farm’s policy is 32% cheaper than the state average of $1,350.
Comprehensive auto insurance deals include comprehensive coverage with collision and liability insurance. This means that if your car is damaged in an accident that is your fault or an event beyond your control (such as hail or vandalism), your insurance company will pay for the repairs.
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Virginia car insurance costs are generally higher for drivers who have a bad credit score or accidents on their driver’s license, such as a speeding ticket, accident or DUI. Insurers see these incidents as a sign that you are a high-risk driver, which leads to higher rates.
Virginia drivers with recent speeding tickets can find the best rates with Geico. The average annual premium for a full coverage policy from Geico is $938 – $638 below the national average.
Drivers can expect their car insurance rates to increase by 17% after speeding. However, not all insurance companies increase premiums by the same amount. Virginia drivers insured by Geico and Passengers won’t see a price increase even after a speeding ticket. Allstate, the most expensive insurance company, increased rates by 28%.
Such significant differences show why it’s important to shop around to get the best prices, especially if your cars have changed hands.
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The Farm Bureau has the cheapest car insurance for Virginia drivers with an accident record. A full coverage policy costs 53% cheaper than the national average of $914 – $1,955. In fact, the company charges the same before and after the accident.
Drivers with a DUI in Virginia can find cheaper rates from the Farm Bureau, where a full coverage policy costs $1,130 a year. That is 50% more affordable than the average price for DUI drivers. After a DUI citation, the average citation for Virginia drivers increases to 68%.
Geico offers the best rates for Virginia drivers with low credit scores. At $1,103 for a full coverage policy, the company costs $839 less than the Virginia state average.
Drivers with bad credit are more likely to file a claim than those with average credit, and insurance companies typically raise rates to account for this risk. On average, rates for Virginia drivers with bad credit are 44% higher than for drivers with average credit.
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The Farm Bureau offers married drivers the best rate for full coverage insurance at $866 per year – 5% cheaper than the rate for their unmarried partners.
In Virginia, the average annual price for comprehensive coverage is 9% cheaper for married drivers than for unmarried drivers. Statistically, married drivers cause fewer accidents than single drivers.
Married drivers can save even more by adding multiple drivers and multiple vehicles to one car insurance policy – savings that are not factored into these rates.
Young drivers on a budget should consider Geico for their car insurance needs. The average annual premium for minimum coverage insurance for an 18-year-old is $1,072, which is 38% cheaper than the national average. Erie has the best rate for full coverage at $2,685 per year – 37% below the average.
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Young drivers in Virginia pay three times as much as drivers in their 30s. The average cost of car insurance in Virginia with minimum coverage for an 18-year-old is $1,736 per year, or $145 per month.
However, active military members, veterans and their families can take advantage of cheaper fares from USAA. It offers Virginia’s young drivers a minimum coverage rate that is 43% cheaper than average and a full coverage rate that is nearly half the state average cost.
A comprehensive coverage policy for young drivers in Virginia costs $2,493 more per year than a minimum coverage policy. Although this is a significant increase, young drivers should consider purchasing a full coverage policy if possible. Although minimum liability policies are very affordable, young drivers are more likely to be involved in accidents, which can be costly in the long run.
The best recent speeding ticket quotes for young drivers in Virginia are from Geico. The minimum coverage policy costs $1,072, which is $851 less than the national average.
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Young drivers in Virginia were paid 11% more for speeding than young drivers with clean records.
If youare a young driver with an accident on your record in Virginia, you can find the most affordable rates from Geico. The company charges a driver with a debt an annual fee of 1,186 for minimum coverage – 45% cheaper than the state average.
Among Virginia insurers, Erie is our top recommendation with an excellent rating from our editors and a high JD customer service score. strength
Choosing a reliable insurance company is just as important as finding the lowest rate. Virginia drivers should also consider State Farm, Farm Bureau and USAA — all three companies received 4.5 out of 5 stars from our editors.
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All of the companies we analyzed received a financial strength rating of A or better from AM Best, indicating “excellent” or “excellent” creditworthiness.
Our editor’s ratings are determined based on an analysis of the policy coverage each company offers, customer satisfaction scores and competitive rates.
Company J.D. The Power Commission conducts an annual survey of car insurance customers on how satisfied they are with a company’s claims service – a perfect score is 1,000.
Drivers in Merrimac pay the cheapest rate in Virginia at $1,139 per year, while drivers in Lincoln pay the most expensive rate in the state at $1,580 per year.
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The cost of comprehensive car insurance in Virginia varies greatly depending on where you live in the state. The annual difference between the most expensive and cheapest cities is $441.
Virginia does not require drivers to have auto insurance. Instead, you can pay a $600 fee to the Department of Motor Vehicles (DMV), known as the uninsured motor vehicle fee. Payment of this fee allows you to legally drive on Virginia roads for 12 months without insurance.
We recommend all Virginia drivers to purchase minimum liability insurance and add higher liability limits and collision and comprehensive coverage.
Geico has the best value for a minimum coverage policy for most Virginians, with an average cost of $327 per year or $27 per month, which is 41% cheaper than the state average.
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State Farm has the best rates for full coverage insurance in Virginia at $912 per year or $76 per month.
Virginia does not require auto insurance. Drivers who choose not to purchase insurance must pay the DMV $500 annually to register their vehicle and will be financially responsible for any damage they cause in an accident.
The average cost of car insurance in Virginia is $46 per month or $555 per year with minimum coverage. The average cost for full coverage is $113 per month or $1,350 per year.
Virginia is not one of the most expensive states for auto insurance, with an average annual rate of $555 per year for liability only. We found that there are 31 states that have the highest average rate for a minimum coverage policy. However, car insurance rates in Virginia are up 2.15% from last year. That is more than twice the national average growth of 0.64%.
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Ari Our editors, J.D. is our pick for the best insurer in Virginia based on high ratings from Power and AM Best. State Farm, Farm Bureau and USAA are good options to consider when comparing auto insurance quotes.
Drivers in Richmond pay an average of $1,457 per year for full coverage auto insurance, which is 8% more expensive than the national average.
We have collected thousands of rates from zip codes throughout Virginia
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