Finding out which companies quote the best auto insurance rates for electric cars takes a little more effort than just comparing a company or two.
Every insurance company has their own unique process for determining rates in each state, so we will examine the lowest cost auto insurance companies in Virginia Beach, VA.
Find the Cheapest Auto Insurance for EV’s
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$834|
|15||National Grange Mutual||$1,060|
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Travelers may offer some of the most affordable car insurance rates in Virginia Beach at around $673 each year. USAA, Penn National, Cincinnati Insurance, and The Hartford also qualify as some of the cheapest Virginia Beach, VA auto insurance companies.
In the rate table above, if you are insured with Cincinnati Insurance and switched to Travelers, you could realize savings of upwards of $68. Policyholders with The Hartford could save as much as $104 a year, and Erie insureds might cut rates by $107 a year.
It’s important to note that these prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for electric cars. So the auto insurance company that can offer you the best price may not even be in the top 30 companies shown above. That points out the importance of why you need to get rate quotes using your own driver information and specific vehicle type.
For eco-friendly vehicles, one of the largest factors that aid in calculating the cost of insurance is where you keep your car. Areas with more people or even just a higher incidence of claims will most likely pay more, whereas more rural areas have the luxury of cheap car insurance rates.
The information below ranks the priciest cities in Virginia for electric cars to buy an auto insurance policy in. Virginia Beach is listed at #17 having an annual price of $910 on average, which is about $76 each month.
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Table data uses comparative as specific location information can influence coverage prices substantially.
The car, truck, or SUV you are insuring is one of the primary factors when quoting the best cheap car insurance for electric cars. Vehicles with lower acceleration and performance, good safety features, or a positive history of liability claims will cost less to insure than fast, unsafe models. The table below outlines coverage prices for a selection of the most affordable automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Toyota RAV4 Limited 4WD||$1,342|
|Hyundai Elantra Blue 4-Dr Sedan||$1,386|
|Honda Accord EX-L 4-Dr Sedan||$1,410|
|Toyota Tacoma X-Runner 2WD||$1,412|
|Honda Odyssey EX-L W/Rear Entertainment||$1,418|
|Honda CR-V EX-L 4WD||$1,424|
|Chevrolet Silverado LT Regular Cab 2WD||$1,439|
|Chevrolet Equinox LTZ AWD||$1,447|
|GMC Sierra SLT Extended Cab 4WD||$1,444|
|Ford Explorer Eddie Bauer 2WD||$1,463|
|Ford Escape Limited 4WD||$1,514|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,526|
|Volkswagen Jetta S 4-Dr Sedan||$1,543|
|Nissan Altima 2.5 4-Dr Sedan||$1,550|
|Dodge Ram 3500 Mega Cab SLT 2WD||$1,560|
|Dodge Grand Caravan SXT||$1,572|
|Ford Focus SEL 4-Dr Sedan||$1,594|
|Ford Edge Limited 2WD||$1,615|
|Chevrolet Impala LTZ||$1,623|
|Toyota Camry LE||$1,649|
|Honda Civic Hybrid 4-Dr Sedan||$1,652|
|Chevrolet Malibu LTZ||$1,657|
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Estimates do not factor in specific garaging location which can modify price quotes significantly.
Based on these rates, you can figure that cars like the Toyota RAV4, Hyundai Elantra, and Honda Accord are likely to be some of the more affordable vehicles to insure for eco-friendly vehicles.
Impact of violations and accidents on rates in Virginia Beach
The best way to earn low auto insurance prices in Virginia Beach for eco-friendly vehicles is to drive cautiously and avoid accidents and violations. The information below demonstrates how speeding tickets and at-fault claims drive up insurance premiums for different age groups. The price estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The data charted above shows the average cost of car insurance per year with no violations or accidents is $1,813. Add in one speeding ticket and the average cost swells to $2,042, an increase of $229 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of auto insurance for electric cars increases to an average of $4,037. That’s an increase of $2,224, or $185 per month, just for not driving safely!
Ending up with a good quality car insurance provider is hard considering how many different companies there are to choose from in Virginia. The company information shown next could help you pick which car insurance providers you want to consider shopping your coverage with.
These rankings are only comprised of companies that insure vehicles nationwide, so companies with more of a regional focus are not factored into the list. To check rates from these top-rated insurers and more, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Do you need full coverage?
Finding cheaper auto insurance is the goal of most drivers, and an effective way to find cheap insurance for electric cars is to buy liability only. The example below compares yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.
As an average for all age groups, comp and collision coverage costs an extra $1,466 per year more than just insuring for liability. That raises the question if it’s worth it to buy full coverage. There is no set guideline to exclude physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.