What Auto Insurance is Cheapest for Active Military in Virginia Beach?

The type of vehicle requiring insurance is probably the most important factor when trying to find low-priced insurance for active military. Vehicles with lots of horsepower, poor passenger safety features, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models.

The data below ranks coverage rates for a handful of the most cost-effective automobiles to insure in Virginia.

Cheapest Vehicles to Insure in Virginia Beach, VA
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,206
Honda CR-V EX-L 2WD $1,318
Jeep Wrangler Sahara 4WD 2-Dr $1,321
Honda Accord LX 4-Dr Sedan $1,331
Chevrolet Impala LS $1,367
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,421
Ford F-150 XL Crew Cab 2WD $1,443
Dodge Grand Caravan CV $1,448
Ford Explorer XLT AWD $1,443
Toyota Prius $1,472
Hyundai Sonata GLS 4-Dr Sedan $1,492
Honda Odyssey Touring $1,497
Toyota Corolla XRS $1,506
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate quotes do not factor in specific zip code location which can impact premiums greatly.

Based upon the table data, we can infer that vehicles like the Ford Escape, Honda CR-V, Jeep Wrangler, Honda Accord, and Chevrolet Impala are most likely to be a few of the less-costly vehicles to insure for military personnel.

Finding out which companies quote the cheapest insurance rates for active military may require a bit more work in order to find the lowest price quote. Each company has their own process for filing rates in each state, so let’s rank the insurance companies with the overall best prices in Virginia Beach, VA.

It’s important that you understand Virginia insurance rates are calculated based on many things which can substantially change the price you pay for coverage. Improving your credit rating, increasing deductibles, or getting a speeding ticket can produce rate changes resulting in some companies being cheaper than competitors.

Best Car Insurance Prices for Military

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Cheapest Virginia auto insurance companies
Rank Company Cost Per Year
1 Travelers $659
2 USAA $709
3 Penn National $718
4 Cincinnati Insurance $733
5 Utica National $758
6 Auto-Owners $781
7 The Hartford $801
8 Virginia Farm Bureau $802
9 Erie $812
10 Donegal Mutual $886
11 Nationwide $953
12 Allied $982
13 GEICO $1,006
14 ALFA $1,018
15 National Grange Mutual $1,060
16 State Farm $1,110
17 Chubb $1,145
18 Electric $1,192
19 Amica $1,229
20 California Casualty $1,239
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Travelers may offer some of the most affordable car insurance rates in Virginia Beach at around $659 each 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 qualify as some of the most economical Virginia Beach, VA car insurance companies.

In this example, if you currently have coverage with Cincinnati Insurance and switched to USAA, you might see an annual premium reduction of in the vicinity of $24. Policyholders with Utica National could save as much as $49 a year, and Auto-Owners insureds might reduce rates by $72 a year.

Be aware that those estimates are averaged across all ages of drivers and types of vehicles and do not factor in an exact location for active military. So the company that is best for you may not even be in the list above. That point stresses why you need to quote rates from many companies using your own specific driver information and vehicle.

Picking a good quality company can be a challenge considering how many companies provide coverage in Virginia. The information displayed below could help you pick which providers to look at when trying to find cheaper insurance for active military. These ratings are only made up of large nationwide companies, so companies that may only write in Virginia are not included in these rankings.

Top 10 Large Auto Insurance Companies in Virginia Beach Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Large Auto Insurance Companies in Virginia Beach Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Titan Insurance – A+
  7. Esurance – A+
  8. Progressive – A+
  9. Nationwide – A+
  10. The Hartford – A+

Full coverage rates compared to liability-only

Saving on insurance is probably important to the majority of drivers, and one way to pay lower rates for insurance for active military is to buy liability only. The example below illustrates the difference between annual premium costs with liability coverage only compared to full coverage. The prices are based on no violations or claims, $500 deductibles, drivers are not married, and no other discounts are factored in.

Averaged out for all age groups, full coverage on your policy costs an extra $1,625 per year more than just buying liability only. Many drivers may wonder if buying full coverage is worth the expense. There is no written rule for eliminating comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

Your cheap policy may actually be overpriced

Virginia Beach, VA insurance rates are calculated based on many things that control the cost of a policy. Getting older, having a teen driver, or getting a driving violation can trigger price changes resulting in some companies being more affordable than competitors. Additionally, car insurance companies modify rates every year in order to remain profitable. Higher than normal claims may cause additional price hikes, while a better claims history may result in lower-priced Virginia Beach car insurance rates.

To illustrate this point, the chart below shows the cheapest car insurance in Virginia Beach, VA for a 40-year-old female driver with a clean driving record, no accidents, and a high credit rating. If we estimate rates based on her current rating profile, Travelers has the most affordable car insurance rates in Virginia Beach at $823 annually. This is $335 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Auto-Owners, and Cincinnati Insurance are also included in the cheapest Virginia Beach, VA auto insurance companies.

The example below compares rates after we give the driver in the first chart an at-fault accident, a little lower credit rating, and a blemish on her driving record. Due to the fact that each insurance company has a proprietary method for determining rates, getting updated rate quotes will most likely result in a different list of companies as shown below.

Utica National now has the best car insurance rate in Virginia Beach with The Hartford, Virginia Farm Bureau, Donegal Mutual, and Nationwide also having competitive pricing. This demonstrates why consumers need to perform an extensive rate comparison to find the most budget-friendly insurance rates for active military. Auto insurance prices can be determined by many risk factors and change substantially, so the most economical option three years ago may now be an over-priced policy.