Who Has Affordable Virginia Beach Auto Insurance for Single Moms?

The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are looking for the best coverage prices for single moms. In an attempt to save some money, let’s learn about some of the factors that influence car insurance rates, and find out if you can slash the price of the next policy you buy.

For single parents, one of the more important components that determine auto insurance rates is where you keep your car. Cities with larger populations will most likely have higher rates, whereas more rural areas can boast about having cheaper rates.

The next table lists the most costly cities in Virginia for single moms to purchase a policy in. Virginia Beach comes in at #13 with the yearly price of $948 for the average policyholder, which is approximately $79 monthly.

How much does auto insurance cost in Virginia Beach?
Rank City Annual Rate
1 Alexandria $1,036
2 Burke $1,026
3 Lake Ridge $1,012
4 Centreville $1,007
5 Dale City $998
6 McLean $995
7 Norfolk $990
8 Richmond $975
9 Arlington $973
10 Hampton $963
11 Reston $963
12 Danville $950
13 Virginia Beach $948
14 Newport News $948
15 Tuckahoe $939
16 Chesapeake $935
17 Portsmouth $934
18 Ashburn $902
19 Suffolk $901
20 Leesburg $895
21 Charlottesville $886
22 Lynchburg $851
23 Roanoke $831
24 Blacksburg $799
25 Harrisonburg $776
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Prices are approximated as the specific zip code location can raise or lower premiums considerably.

The vehicle that needs insurance is a large consideration when quoting affordable insurance for single moms. Vehicles with more horsepower, a lack of advanced safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models. The data below illustrates auto insurance premiums for some of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Virginia Beach, VA
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,095
Ford Explorer Eddie Bauer 2WD $1,225
Honda CR-V EX 4WD $1,282
Toyota Corolla S $1,360
GMC Sierra SL Crew Cab 2WD $1,387
Chevrolet Equinox LTZ AWD $1,396
Ford Fusion SE 4-Dr Sedan $1,387
GMC Sierra 2500HD SLE Regular Cab 4WD $1,395
Hyundai Sonata GLS 4-Dr Sedan $1,387
Toyota Prius $1,389
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD $1,436
Ford Edge SEL AWD $1,455
Kia Optima EX $1,481
Chevrolet Impala LT $1,484
Chevrolet Malibu Hybrid $1,492
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in specific zip code location which can affect coverage prices considerably.

Looking at the data, you can infer that makes and models like the Ford Escape, Ford Explorer, Honda CR-V, Toyota Corolla, and GMC Sierra are the most affordable vehicles to insure for single parents.

Finding reliable, reasonably-priced insurance is not easy, and determining which companies have the best car insurance rates for single moms will require even more diligence.

Each auto insurer uses different criteria to set their prices, so first let’s look at the rankings for the car insurance companies with the overall cheapest rates in Virginia Beach. It’s a good idea to be aware that Virginia Beach car insurance rates are determined by lots of factors that may substantially change the price you pay for coverage. Events such as a birthday, increasing liability limits, or getting a couple of tickets can trigger price changes that can cause some rates to be more affordable than others.

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Virginia auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $653
2 USAA $688
3 Penn National $718
4 Auto-Owners $758
5 Cincinnati Insurance $763
6 Utica National $765
7 Erie $780
8 The Hartford $809
9 Virginia Farm Bureau $826
10 Donegal Mutual $878
11 Nationwide $935
12 Allied $982
13 GEICO $1,026
14 ALFA $1,028
15 Chubb $1,101
16 National Grange Mutual $1,104
17 State Farm $1,110
18 Electric $1,192
19 Amica $1,241
20 Progressive $1,259
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Travelers offers some of the most affordable car insurance rates in Virginia Beach at around $653 annually. This is $505 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Auto-Owners, and Cincinnati Insurance also rank well as some of the cheapest Virginia Beach, VA insurance companies.

As the example above demonstrates, if you currently have coverage with Penn National and switched to Travelers, you might see a yearly savings of about $65. Policyholders with Auto-Owners may save as much as $105 a year, and Cincinnati Insurance policyholders might see rate reductions of $110 a year.

If you want to see how much you could save, click here or click several companies below for low rates.

Understand that those premium estimates are averages across all types of insureds and vehicles and do not factor in an exact zip code location for single moms. So the company that has the cheapest price for you may not even be in the top 30 companies shown above. That emphasizes why you need to get car insurance quotes using your own personal information and vehicle type.

The information below shows how different deductible levels can increase or decrease insurance premiums when trying to find cheap insurance for single moms. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

In the chart above, a 30-year-old driver could reduce rates by $332 a year by switching from a $100 deductible to a $500 deductible, or save $502 by changing to a $1,000 deductible. Even younger insureds, like the age 20 example, could drop their prices $976 every year by selecting a higher deductible. If you do make the decision to raise your deductibles, it will be important to have enough savings to allow you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Get discount Virginia Beach auto insurance rates

Car insurance for single parents in Virginia Beach, VAInsurers that offer cheap quotes for single moms may also offer discounts that may potentially lower prices by 35% or more if you qualify. A list of companies and some of the premium reductions they offer are shown below.

The chart below compares car insurance costs with and without discounts. The prices are based on a male driver, no accidents or driving violations, Virginia state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with claim-free, passive restraint, vehicle safety, multiple policy, anti-theft, and marriage discounts applied. In this example, theamount saved on car insurance for single moms is 28% or $300.

Full coverage rates vs. liability-only

Paying less for car insurance is probably important to the majority of people, and one common way to buy cheaper insurance for single moms is to only buy liability coverage. The chart below visualizes the comparison of premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no violations or claims, $500 deductibles, marital status is single, and no policy discounts are applied.

If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an additional $1,219 per year more than just buying liability insurance. Many of you may wonder when is it a good idea to stop buying full coverage. There is no exact rule of when to drop full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $11,000 after you pay the deductible. If you are currently paying more than $1,100 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where buying only liability insurance is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Here’s why you should shop around

Virginia Beach car insurance rates are influenced by many factors which can substantially change the cost of coverage. Turning one year older, moving to a new city, or having an accident can produce rate changes that may make certain companies cheaper than competitors. Additionally, insurers amend premium rates as often as every three months as an adjustment for underwriting gains or losses. Larger than normal claims can result in high rates, while profitable underwriting can result in cheaper Virginia Beach car insurance rates.

The data below analyzes the cheapest car insurance in Virginia Beach, VA for a 35-year-old female driver with a good driving record, no prior claims, and good credit. If we look at prices based on her current situation, Travelers has the cheapest car insurance rates in Virginia Beach at $775 each year. This is $383 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National round out the rest of the cheapest Virginia Beach, VA auto insurance companies.

Let’s now give the driver from the first rate comparison a couple of claims, bad credit, and a traffic citation. Since each company uses their own method to set premium rates, analyzing rate quotes may now present a different ranking of the cheapest Virginia Beach car insurance companies as shown below.

Auto-Owners now has the cheapest auto insurance in Virginia Beach with The Hartford, Virginia Farm Bureau, Donegal Mutual, and Nationwide now rounding out the top five. This example demonstrates why it is crucial to compare lots of rates to get the most affordable insurance quotes for single moms.

Auto insurance prices are influenced by many things and can increase or decrease at any time, so the lowest-price company two years ago may now cost much more than other companies.