The vehicle you are buying coverage for is probably the biggest factor that determines if you can find low-priced car insurance for good drivers. Vehicles with limited top-end speed, excellent safety ratings, or low incidents of liability claims will cost significantly less to insure than fast, unsafe models.
The information below features car insurance costs for the most economical vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$906|
|Honda CR-V EX-L 4WD||$927|
|Ford Explorer XLT AWD||$1,014|
|Toyota Tacoma Double Cab 4WD||$1,068|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,105|
|Ford F-150 STX Regular Cab 2WD||$1,127|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,145|
|Ford Fusion SE 4-Dr Sedan||$1,153|
|Dodge Grand Caravan SE||$1,150|
|Dodge Ram Quad Cab SLT 2WD||$1,164|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,190|
|Honda Odyssey EX||$1,192|
|Nissan Rogue SL AWD||$1,199|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,204|
|Chevrolet Equinox LT AWD||$1,216|
|Toyota RAV4 4WD||$1,220|
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in vehicle location which can alter price quotes considerably.
Looking at the data, you can assume that vehicles like the Ford Escape, Honda CR-V, and Toyota Prius will definitely be the most economical vehicles to insure for safe drivers.
Locating cheap insurance is not easy, and finding out which companies offer the cheapest insurance rates for good drivers will take even more rate comparisons. Each auto insurance company has their own guidelines to set premium rates, so let’s rank the insurance companies that tend to have lower prices in Virginia.
It’s important to understand that Virginia Beach insurance rates are based on many factors which can substantially change the cost of having a policy. This price variation is why drivers need to shop around when trying to get the most budget-friendly car insurance rates for good drivers. Car insurance prices are made up of many risk factors and change frequently, so the best company six months ago may now be one of the more expensive options.
Lowest Insurance Price Quotes for Good Drivers
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$810|
|15||National Grange Mutual||$1,060|
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Travelers quotes some of the cheapest car insurance rates in Virginia Beach at around $679 each year. This is $479 less than the average premium paid by Virginia drivers of $1,158. USAA, Penn National, Utica National, and Cincinnati Insurance also make the cut as some of the lowest-priced Virginia Beach, VA car insurance companies.
As the rates illustrate above, if you buy coverage from Utica National and switched to USAA, you could see an annual premium reduction of around $42. Customers with Cincinnati Insurance may save as much as $47 a year, and The Hartford customers might reduce prices by as much as $61 a year.
If you want to find out if you’re overpaying, click here to start your free quote or visit several of the following companies.
Remember that these prices are averaged across all insureds and vehicles and do not factor in a specific location for good drivers. So the car insurance company that can offer you the best price may not even be in the top 30 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.
One of the many things that help determine insurance cost is where you call home. Areas with more people or more claims will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The next table lists the highest-priced places in Virginia for good drivers in which to purchase auto insurance. Virginia Beach makes the list at #16 with an annual rate of $920 for car insurance, which is approximately $77 per month.
|Rank||City||Average Per Year|
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Information shown are estimated as the specific Virginia Beach residence address can impact price quotes significantly.
Types of discounts on Virginia Beach auto insurance rates
Car insurance companies that sell policies for good drivers may also give you discounts that can lower rates by 30% or more if you are eligible. A list of companies and some of the premium reductions they offer include:
- State Farm has discounts for driver’s education, Drive Safe & Save, defensive driving training, passive restraint, and accident-free.
- Liberty Mutual offers discounts including newly retired, preferred payment discount, new vehicle discount, good student, and safety features.
- American Family includes discounts for multi-vehicle, good driver, air bags, bundled insurance, TimeAway discount, defensive driver, and accident-free.
- Progressive may offer discounts for multi-policy, multi-vehicle, online signing, homeowner, good student, online quote discount, and continuous coverage.
- Farmers Insurance discounts include early shopping, distant student, good student, alternative fuel, electronic funds transfer, and mature driver.
- Auto-Owners Insurance may include discounts for multi-policy, good student, safe driver, student away at school, paperless, paid in full, and group or association.
- SAFECO has savings for teen safe driver, multi-car, bundle discounts, accident prevention training, and drive less.
The information below visualizes the comparison of car insurance costs with and without discounts. The premiums assume a male driver, no claims or violations, Virginia state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, multiple policy, claim-free, accident-free, multiple vehicle, and marriage discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for good drivers is 28% or $336.
Liability-only versus full coverage
Paying less for insurance is probably important to most drivers, and an easy way to pay lower rates for insurance for good drivers is to not pay for full coverage. The diagram below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. Data assumes no claims, a clean driving record, $100 deductibles, drivers are not married, and no policy discounts are applied.
On average, full coverage costs an additional $1,481 per year more than just insuring for liability. That raises the question if it’s worth it to buy full coverage. There is no definitive guideline for dropping comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $6,500 after paying your deductible. If it’s costing in excess of $650 a year for full coverage, then it’s probably a good time to buy liability coverage only.
Buying coverage from a high-quality car insurance provider can be difficult considering how many choices there are in Virginia. The company rank data in the next section may help you select which auto insurance companies to look at when trying to find cheaper insurance for good drivers. The rankings below include large nationwide companies, so companies that focus mainly on Virginia business will not be included in this list.
|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