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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| 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.
| 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 |
| Compare Rates Now Go | ||
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.
| 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 |
| Find Cheaper Rates Go | |
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
Insurance 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.
- GEICO policyholders can earn discounts including emergency military deployment, air bags, good student, multi-policy, daytime running lights, driver training, and membership and employees.
- Travelers has discounts for new car, good student, save driver, payment discounts, home ownership, hybrid/electric vehicle, and early quote.
- Nationwide offers premium reductions for easy pay, multi-policy, good student, business or organization, defensive driving, Farm Bureau membership, and accident-free.
- Farmers Insurance may have discounts that include switch companies, business and professional, mature driver, pay in full, and alternative fuel.
- Esurance offers discounts for emergency road assistance, safety device, paid-in-full, multi-car, and renters.
- State Farm has savings for driver’s education, accident-free, multiple autos, anti-theft, and safe vehicle.
- Progressive offers discounts including multi-policy, homeowner, continuous coverage, multi-vehicle, and good student.
- Mercury Insurance may include discounts for good student, professional/association, low natural disaster claims, location of vehicle, ease of repair, anti-theft, and multi-car.
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
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- 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.
- Clean up your credit
- Assess whether full coverage is needed
- Having at-fault accidents will increase rates
- Serious violations like DUI or reckless driving can increase rates dramatically
- Safer vehicles generally have cheaper insurance rates
- Raise deductibles to save money
- Keep rates low by comparing prices once a year
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.
- Nationwide Insurance: Bob McCrearyh CLU Insurance Agency, Inc.
533 Newtown Rd #112 – Virginia Beach, VA 23462 – (757) 497-1899 - Bell Insurance Agency Corporation
1501 Cornwell Ln – Virginia Beach, VA 23454 – (757) 340-0028 - Towne Insurance
301 Bendix Rd #300 – Virginia Beach, VA 23452 – (757) 468-6100