For new drivers, one of the more important things that are used to help calculate the cost of insurance is where you keep your car in Virginia Beach. Larger areas tend to have higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The illustration below shows the most expensive places in Virginia for a learners permit to buy auto insurance in. Virginia Beach comes in at #12 with a yearly cost of $948 for car insurance, which is about $79 monthly.
|Rank||City||Premium Per Year|
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Information shown are approximated as specific Virginia Beach garaging address can raise or lower auto insurance rates noticeably.
The car, truck, or SUV requiring insurance is one of the primary factors that determines the availability of affordable insurance for a learners permit. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models. The information below ranks auto insurance prices for a handful of the most budget-friendly automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,509|
|Honda CR-V LX 4WD||$4,519|
|Ford Escape XLS 2WD||$4,509|
|Dodge Grand Caravan CV||$5,072|
|Honda Odyssey EX W/Rear Entertainment||$5,306|
|Honda Civic DX 4-Dr Sedan||$5,316|
|Toyota RAV4 Limited 2WD||$5,348|
|Chevrolet Equinox LT 2WD||$5,358|
|Chevrolet Impala LT||$5,348|
|Jeep Grand Cherokee Laredo 2WD||$5,358|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$5,389|
|Ford Explorer Limited 4WD||$5,396|
|Toyota Camry SE||$5,621|
|Ford Edge Limited AWD||$5,627|
|Nissan Altima 2.5 S 4-Dr Sedan||$5,621|
|Toyota Corolla S||$5,626|
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific garaging location which can affect premium rates considerably.
Looking at the numbers, we can conclude that models like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius should be some of the most budget-friendly vehicles to insure for new drivers. The cost of a car insurance policy will be higher anyway because of the fact that there is more liability exposure for a learners permit, but generally speaking those vehicles will tend to have the lowest insurance rates that you’ll find.
Trying to find low-cost auto insurance is tough enough, and determining which insurers offer the cheapest auto insurance rates for a learners permit requires even more diligence.
Each auto insurer has their own process for determining rates in each state, so let’s rank the auto insurance companies that tend to have lower prices in Virginia. It’s important to understand that Virginia Beach auto insurance rates are calculated based on many things which can substantially change the price you pay. That is why it is critical to shop around with many companies when trying to find cheap insurance quotes for a learners permit. Insurance prices are calculated by many risk factors and change frequently, so the best company when you bought your policy may now be one of the higher cost companies.
Best Cheap Insurance Rates in Virginia
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$810|
|15||National Grange Mutual||$1,104|
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Travelers offers some of the lowest car insurance rates in Virginia Beach at around $653 annually. This is $505 less than the average rate paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National also qualify as some of the cheapest Virginia Beach, VA auto insurance companies.
As the rates illustrate above, if you buy coverage from USAA and switched to Travelers, you could see a yearly savings of in the neighborhood of $56. Insureds with Penn National may save as much as $65 a year, and Cincinnati Insurance customers might see rate reductions of $80 a year.
Be aware that those premium estimates are averages across all types of insureds and vehicles and do not factor in a specific vehicle garaging location for a learners permit. So the car insurance company that can offer the best rates for your situation may not even be in the top 30 companies shown above. That illustrates why you need to get quotes using your own specific driver and vehicle information.
Liability-only versus full coverage
Paying less for auto insurance is important to the majority of vehicle owners, and one great way to lower the cost of insurance for a learners permit is to buy liability only. The chart below illustrates the comparison of annual premium costs with full coverage and liability only. The premiums assume no claims or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.
As an average for all age groups, physical damage insurance costs $1,500 per year over having just liability coverage. At some point, almost every driver questions when is the right time to remove full coverage. There is no written rule of when to drop full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s assume your vehicle’s settlement value is $8,500 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,500 after paying your policy deductible. If you are paying more than $750 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where eliminating full coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
Ending up with a high-quality auto insurance company is hard considering how many different companies there are to choose from in Virginia. The company rank data in the next section can help you choose which providers you want to consider when shopping insurance around for a learners permit.
These ratings include companies with a nationwide focus, so companies that may only write in Virginia are not taken into consideration for these rankings. To check prices from these companies and more, follow this link.
Top 10 Major Car Insurance Companies in Virginia Beach Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Major Car Insurance Companies in Virginia Beach Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Tips for finding budget-friendly auto insurance for a learners permit
Below you’ll find some of the better money-saving ideas that can help you buy low-cost coverage.
- Higher deductibles mean lower rates
- Claim-free drivers earn discounts
- Better credit scores save money
- Multi-policy discounts save money
- On older vehicles, drop full coverage
- Buy safe vehicles
- Keep rates low by shopping around frequently
The last tip in the list is extraordinarily crucial, as was affirmed in this article. Auto insurance rates in Virginia Beach go up and down frequently, so don’t be hesitant to buy from a different company if you can save money. Sticking with a specific company is fine, but it’s not a great idea if that loyalty ends up costing a lot of money. If you have a few minutes, now is a great time to shop around and find cheaper insurance for a learners permit.
If you aren’t sure which coverage you need and prefer to have a professional recommendation when trying to find lower insurance rates for new drivers, the insurance agencies below can most likely help you make a decision which coverages and limits you need.
To find a Virginia Beach insurance agency close to where you live, click the button after the list or click here to compare prices now.
- Lee Barnes – State Farm Insurance Agent
1625 Salem Rd Ste 103 – Virginia Beach, VA 23456 – (757) 467-8890
- Insurance Strategies – The Cooksey Agency
780 Lynnhaven Pkwy #400 – Virginia Beach, VA 23452 – (757) 819-6896
- Nationwide Insurance: Bob McCrearyh CLU Insurance Agency, Inc.
533 Newtown Rd #112 – Virginia Beach, VA 23462 – (757) 497-1899
- Sharon Lynch – State Farm Insurance Agent
3617 Dam Neck Rd – Virginia Beach, VA 23453 – (757) 430-9000
- The Coelho insurance agency
800 Seahawk Cir #142 – Virginia Beach, VA 23452 – (757) 437-9647