Who Has Affordable Virginia Beach Auto Insurance for Used Cars?

Finding good, budget auto insurance is not most people’s favorite thing to do, and deciding which companies offer the lowest-priced car insurance rates for used cars will involve more quotes for comparison. Every auto insurer has their own guidelines to determine rates, so we need to take a look at the car insurance companies that tend to have lower prices in Virginia.

It’s important that you understand Virginia Beach car insurance rates are calculated based on many things which can substantially change the cost of your policy. Simply having another birthday, buying a safer car, or having an accident may cause policy rate changes that can make some companies way too expensive in comparison to the competition.

Cheap Insurance Rates for Used Cars

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Virginia car insurance ranked by cost per year
Rank Company Cost Per Year
1 Travelers $659
2 USAA $688
3 Penn National $748
4 Cincinnati Insurance $755
5 Utica National $758
6 The Hartford $777
7 Auto-Owners $788
8 Virginia Farm Bureau $802
9 Erie $804
10 Donegal Mutual $886
11 Nationwide $935
12 GEICO $996
13 ALFA $998
14 Allied $1,022
15 National Grange Mutual $1,093
16 Chubb $1,101
17 State Farm $1,132
18 Electric $1,216
19 Amica $1,229
20 California Casualty $1,239
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Travelers has some of the cheapest car insurance rates in Virginia Beach at around $659 a year. This is $499 less than the average rate paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National also make the cut as some of the most economical Virginia Beach, VA car insurance companies.

As depicted above, if you currently have a policy with Penn National and switched to Travelers, you may see savings of roughly $89. Policyholders with Cincinnati Insurance could save as much as $96 a year, and Utica National insureds might lower prices by up to $99 a year.

These premiums are averaged for all ages of drivers and types of vehicles and do not factor in a specific location for used cars. So the insurer that has the cheapest price for you may not even be in the list above. That illustrates why you need to get quotes using your own personalized driver profile and vehicle information.

One of the more important components that are looked at to help calculate the price you pay for insurance is where you normally keep your vehicle. Areas with increased crime or more people likely pay more, whereas areas with less crime or weather claims receive better rates.

The information below ranks the highest-priced places in Virginia for used cars in which to purchase auto insurance. Virginia Beach ranks #19 with an annual rate of $920 on average, which is about $77 each month.

How much does car insurance cost in Virginia Beach, VA?
Rank City Premium Per Year
1 Burke $1,068
2 McLean $1,025
3 Lake Ridge $1,012
4 Alexandria $1,005
5 Arlington $1,003
6 Dale City $998
7 Centreville $997
8 Reston $983
9 Richmond $975
10 Portsmouth $972
11 Norfolk $970
12 Tuckahoe $967
13 Hampton $943
14 Suffolk $937
15 Leesburg $931
16 Ashburn $929
17 Chesapeake $926
18 Danville $922
19 Virginia Beach $920
20 Newport News $920
21 Charlottesville $886
22 Lynchburg $869
23 Roanoke $799
24 Harrisonburg $784
25 Blacksburg $775
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Premium amounts are estimated as vehicle location can influence coverage rates substantially.

The car, truck, or SUV that is being insured is one of the primary factors that determines if you can find economical auto insurance for used cars. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer models. The next table ranks auto insurance rates for some of the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Virginia Beach, VA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape Limited 4WD $1,135
Honda CR-V EX 2WD $1,198
Ford Edge Limited 2WD $1,214
Volkswagen Jetta LE 4-Dr Sedan $1,240
Toyota RAV4 Sport 4WD $1,245
Hyundai Elantra Blue 4-Dr Sedan $1,277
Toyota Tacoma X-Runner 2WD $1,302
GMC Sierra SL Crew Cab 2WD $1,326
Toyota Prius $1,334
Kia Optima LX $1,330
Ford Explorer XLT AWD $1,344
Ford Focus S 4-Dr Sedan $1,391
Chevrolet Impala LS $1,399
Hyundai Sonata SE 4-Dr Sedan $1,393
Honda Accord LX-S 2-Dr Coupe $1,403
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Data assumes single female driver age 40, 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. Rate quotes do not factor in vehicle garaging location which can increase or decrease coverage prices substantially.

By looking at the data, we can tell that models like the Ford Escape, Honda CR-V, and Ford Edge are likely to be some of the more affordable vehicles to insure for pre-owned vehicles.

Full coverage versus liability-only in Virginia Beach

Saving on car insurance should be important to most vehicle owners, and one easy way to find cheap insurance for used cars is to only pay for liability coverage. The example below visualizes the comparison of insurance costs when comparing full coverage to liability only. The data assumes no accidents or driving violations, $100 deductibles, single marital status, and no policy discounts are applied.

On average, physical damage coverage on your policy costs $1,481 per year over and above liability only. Many drivers may wonder if buying full coverage is worth the money. There is no specific rule for eliminating comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

Discount Virginia Beach insurance rates

Car insurance for pre-owned vehicles in Virginia Beach, VAInsurance companies that offer coverage for used cars may also provide price discounts that can lower rates by as much as 35% if you qualify for them. A few popular companies and a partial list of their discounts can be found below.

The diagram below visualizes the comparison of insurance costs with and without discounts applied to the rates. The data is based on a female driver, no violations or claims, Virginia state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, multiple vehicle, passive restraint, accident-free, safe-driver, and vehicle safety discounts applied. In this example, theaverage yearly reduction on car insurance for used cars is 28% or $389.

Insuring your vehicle with the highest-rated car insurance company can be difficult considering how many companies there are in Virginia Beach. The ranking data shown next could help you pick which providers you want to consider comparing price quotes from.

The ratings below only include companies that insure vehicles nationwide, so companies that only write business in Virginia or surrounding areas will not be included in this list. If you’d like to compare prices from these and other top-rated companies, follow this link.

Top 10 Major Auto Insurers in Virginia Beach Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Ideas to find economical insurance for used cars

It is possible to find better rates, and here are some of the better penny-pinching suggestions that can help Virginia drivers quote cheaper auto insurance.

The last tip is especially necessary, as we discussed in the prior article. Prices charged by car insurance companies change frequently, so drivers shouldn’t be reluctant to switch companies if a better rate can be found. Having a favorite company is fine, but it’s not a great idea if that dedication is costing a wad of cash every year. Now is a great time to compare rates and find cheaper insurance for used cars in Virginia Beach.

The insurance agents in Virginia Beach listed below can help you determine which insurance coverage you need, as some drivers aren’t sure which coverage they need and prefer to get some professional advice when buying car insurance for used cars. It can be challenging to find the best coverage yourself, so getting professional guidance from a licensed agent can bring satisfaction knowing your coverage gives you adequate protection.

To locate a Virginia Beach auto insurance agent by location nearest to you, click the button at the bottom of the list.

View more Virginia Beach, VA insurance agents