Who Has Affordable Auto Insurance for Felons in Virginia Beach?

The words “low-cost” and “insurance” really don’t belong together, especially when comparison shopping for the best price on coverage for felons. Because it’s so expensive, let’s take a look at some things that have an impact on car insurance prices, and find a few ways to take the bite out of the next policy you buy.

Deciding which companies have the most affordable car insurance rates for felons takes a tad more effort in order to find the lowest price. Each company has their own unique process for filing rates in each state, so let’s look at the rankings for the car insurance companies with the most affordable rates in Virginia Beach, VA.

It’s important that readers know that Virginia car insurance rates are based on many factors which can significantly increase or decrease the cost of your policy. Improving your credit rating, having a claim, or getting caught speeding may cause policy rate changes that can cause some rates to be more affordable than before.

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Rankings for the cheapest car insurance companies in Virginia
Rank Company Cost Per Year
1 Travelers $673
2 USAA $695
3 Penn National $726
4 Utica National $758
5 Auto-Owners $758
6 Cincinnati Insurance $763
7 The Hartford $801
8 Erie $804
9 Virginia Farm Bureau $826
10 Donegal Mutual $852
11 Nationwide $963
12 Allied $982
13 ALFA $1,018
14 GEICO $1,026
15 National Grange Mutual $1,060
16 Chubb $1,112
17 State Farm $1,132
18 Electric $1,192
19 Progressive $1,246
20 Amica $1,267
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Travelers generally has some of the cheapest car insurance rates in Virginia Beach at around $673 each year. This is $485 less than the average premium paid by Virginia drivers of $1,158. USAA, Penn National, Utica National, and Auto-Owners are also some of the cheapest Virginia Beach, VA insurance companies.

In the rate table above, if you have coverage with Auto-Owners and switched to USAA, you could earn an annual premium reduction of about $63. Virginia drivers with Cincinnati Insurance could save as much as $68 a year, and The Hartford policyholders might see rate reductions of $106 a year.

To compare your rates to other Virginia insurance companies, click here to start your free quote or visit any of the companies below.

These prices are averages across all insureds and vehicles and and are not figured with a specific zip code for felons. So the car insurance company that can offer you the best price may not even be in the top 30 companies shown above. That emphasizes why you need to get rate quotes using your own specific driver information and vehicle.

The type of vehicle that is being insured is one of the main factors when shopping around for the best cheap coverage for felons. Vehicles with high performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than safer, lower-performance models. The next list estimates insurance premiums for some of the more affordable vehicles to insure in Virginia.

Cheapest Vehicles to Insure in Virginia Beach, VA
Make and Model Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,162
Toyota Prius $1,287
Ford Escape XLS 4WD $1,331
Toyota Camry LE $1,375
Dodge Grand Caravan Hero $1,382
Toyota Tacoma Double Cab 4WD $1,402
Volkswagen Jetta S 2.5 Station Wagon $1,443
Honda CR-V EX 4WD $1,458
Honda Odyssey Touring $1,473
Chevrolet Equinox LTZ AWD $1,483
Ford F-350 XLT Crew Cab Lariat 2WD $1,524
Hyundai Sonata SE 4-Dr Sedan $1,544
Ford Edge SEL AWD $1,549
Toyota Camry Hybrid $1,571
Ford Fusion Sport AWD 4-Dr Sedan $1,573
Toyota RAV4 2WD $1,578
Chevrolet Impala LT $1,686
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific zip code location which can affect rates significantly.

Looking at the numbers, vehicles like the Honda Accord, Toyota Prius, Ford Escape, and Toyota Camry are a few of the most budget-friendly vehicles to insure for felons.

Rate increases following a ticket or accident

The easiest way to find low car insurance premiums in Virginia Beach for felons is to be a cautious driver and not get tickets or have accidents. The information below shows how speeding tickets and at-fault fender-benders raise insurance costs for different age groups of insureds. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

The data charted above shows the average cost of a car insurance policy in Virginia Beach per year with no accidents or violations is $1,625. Get one speeding ticket and the average cost surges to $1,832, an increase of $207 each year. Now include one accident along with the one speeding ticket and the yearly cost of car insurance for felons increases to an average of $2,413. That’s an increase of $789, or $66 per month, just for being a little careless behind the wheel!

Comparison of full coverage and liability-only policies

Saving on car insurance is the goal of most people, and an easy way to buy cheaper insurance for felons is to not pay for full coverage. The diagram below compares insurance prices with and without full coverage. The prices are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are taken into consideration.

If we average the cost for all age groups, physical damage coverage on your policy costs an extra $1,844 per year more than just insuring for liability. Lot’s of drivers question if you should buy full coverage. There is no definitive rule of when to eliminate physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your vehicle’s replacement cost is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,500 after paying your deductible. If it’s costing in excess of $750 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few situations where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

If you would rather have a consultation when trying to find lower insurance rates for felons, the agencies below are willing to help you decide which car insurance policy is best.

To locate a Virginia Beach car insurance agency closest to you, click the link at the bottom or click here to compare rates now.

More Virginia Beach, VA insurance agents

How to find the cheapest insurance for felons

It is possible to find better rates, and here are some of the better money-saving ideas that can help Virginia Beach drivers quote cheaper auto insurance.

The final tip is notably valuable, as we noted in the article above. Auto insurance prices in Virginia Beach can change significantly in a year, so don’t hesitate to buy from a different company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty ends up costing thousands of dollars over the life of your policy. It takes less than five minutes to compare rates and find cheaper auto insurance for felons.