One of the more important components that determine the price you pay for insurance is where you keep your car in Virginia Beach. Areas with more people or higher crime rates tend to have more expensive auto insurance rates, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The following table sorts the highest-priced areas in Virginia for college students to buy an auto insurance policy in. Virginia Beach ranks #18 with a yearly premium of $910 for the average insurance policy, which is around $76 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Centreville | $1,037 |
| 2 | Burke | $1,037 |
| 3 | Dale City | $1,028 |
| 4 | McLean | $1,015 |
| 5 | Alexandria | $1,005 |
| 6 | Arlington | $1,003 |
| 7 | Lake Ridge | $1,002 |
| 8 | Richmond | $985 |
| 9 | Norfolk | $970 |
| 10 | Tuckahoe | $967 |
| 11 | Portsmouth | $963 |
| 12 | Hampton | $963 |
| 13 | Newport News | $958 |
| 14 | Reston | $954 |
| 15 | Suffolk | $928 |
| 16 | Danville | $922 |
| 17 | Leesburg | $922 |
| 18 | Virginia Beach | $910 |
| 19 | Chesapeake | $899 |
| 20 | Charlottesville | $895 |
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Annual rates are comparative as the specific Virginia Beach residence address can raise or lower insurance rates noticeably.
Deciding which companies quote the lowest-priced auto insurance rates for college students will involve more time than just comparing rates from one or two companies.
Every car insurance company uses their own calculation for setting prices, so we’ll go over the auto insurance companies with the overall cheapest rates in Virginia Beach, VA. It’s important to understand that Virginia Beach auto insurance rates are impacted by many factors which can substantially decrease or increase the cost of your policy. Simply having another birthday, buying a home instead of renting, or getting a ticket for careless driving can cause premium changes resulting in some companies being cheaper in comparison to the competition.
Cheapest Insurance Rates for College Students
Travelers has some of the cheapest car insurance rates in Virginia Beach at around $673 per year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners also rank well as some of the more affordable Virginia Beach, VA car insurance companies.
In the rate table above, if you buy coverage from Cincinnati Insurance and switched to Travelers, you could see an annual savings of approximately $60. Insureds with Auto-Owners might save as much as $85 a year, and Utica National insureds might reduce prices by as much as $108 a year.
To find the cheapest rates for your vehicle, click here to get a free quote or visit any of the companies below.
Remember that these premiums are averages for all types of insureds and vehicles and do not factor in a specific vehicle garaging location for college students. So the auto insurance company that is best suited for you may not even be in the top 30 companies shown above. That’s why you need to get car insurance quotes using your own driver data and vehicle information.
Auto insurance companies ranked
Choosing a good quality auto insurance company can be rather challenging considering how many companies sell coverage in Virginia Beach. The ranking data in the lists below could help you analyze which auto insurers you want to consider comparing rate quotes with. These ratings are only comprised of large nationwide companies, so smaller companies are not taken into consideration for these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
The information below shows how choosing a deductible can raise or lower insurance prices when researching cheap insurance for college students. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
As shown above, a 30-year-old driver could reduce rates by $238 a year by increasing from a $100 deductible to a $500 deductible, or save $360 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save $694 each year by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will now be necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why you should be shopping around
Virginia auto insurance rates are calculated based on many things which can significantly increase or decrease the price of your policy. Simply getting older, moving across town, or getting into an accident can produce rate changes that can cause some rates to be cheaper than competitors.
And not only may your rating factors change, but insurance companies amend premium rates as often as every quarter to adjust for gains or losses. An extended period of higher than normal claims can result in a rate increase, while long-term profits can result in lower-cost Virginia Beach car insurance rates.
The graph below shows which companies have the cheapest car insurance in Virginia Beach, VA for a 40-year-old female driver with no prior claims, no tickets, and good financial standing. When quoting prices based on her current risk profile, Travelers might quote the lowest car insurance rates in Virginia Beach at $751 a year. This is $407 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners are also on the list of the best Virginia Beach, VA auto insurance companies.
Let’s now give the driver from the first set of rates an accident surcharge, slightly worse credit, and a couple of points charged on her driving record. Since each auto insurer has their own unique process for establishing rates, analyzing rates most likely will result in a different ranking of the cheapest companies as shown below.
Erie now has the cheapest insurance rate in Virginia Beach, VA with Utica National, Virginia Farm Bureau, Donegal Mutual, and Nationwide also having competitive pricing. This shows why consumers need to take the time to shop around to get the most economical car insurance rates for college students.
Prices are impacted by many risk factors and can change without notice, so the best price the last time you shopped your coverage around may now be wasting a lot of money.