What Auto Insurance is Cheapest for Business Use in Virginia Beach?

The words “affordable” and “auto insurance” really don’t belong together, specifically when you are shopping around for the lowest insurance prices for business use. In an attempt to save some money, let’s get started by showing you some of the factors the can have a considerable influence on auto insurance rates, and see if we can help you take the sting out of the next policy you buy.

For using your car for business, one of the largest factors that are looked at to help calculate auto insurance rates is where your car is garaged. Cities with more crime and/or more people tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.

The following table rates the most expensive places in Virginia for business use in which to purchase auto insurance. Virginia Beach comes in at #11 with an annual cost of $948 for the average policyholder, which is around $79 monthly.

Car insurance prices in Virginia Beach
Rank City Annual Rate
1 Burke $1,037
2 McLean $1,025
3 Arlington $1,013
4 Lake Ridge $1,012
5 Alexandria $1,005
6 Richmond $1,005
7 Dale City $998
8 Centreville $997
9 Reston $983
10 Norfolk $970
11 Virginia Beach $948
12 Portsmouth $943
13 Tuckahoe $939
14 Suffolk $937
15 Hampton $934
16 Newport News $930
17 Danville $922
18 Leesburg $922
19 Charlottesville $922
20 Chesapeake $908
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Price information shown is comparative as the vehicle garaging location can influence prices considerably.

The type of vehicle on the policy is one of the largest factors that determines whether or not you can buy the most affordable car insurance for business use. Vehicles with economical engines, a great safety record, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.

The data below showcases insurance costs for a number of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Virginia Beach, VA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,110
Ford Escape Limited 2WD $1,134
Dodge Grand Caravan CV $1,247
Ford F-150 XLT Super Cab 4WD $1,273
Chevrolet Malibu Hybrid $1,314
GMC Sierra SLE Regular Cab 2WD $1,321
Chevrolet Equinox LS 2WD $1,314
Toyota Camry XLE $1,383
Honda CR-V EX-L 4WD $1,397
Toyota Prius $1,407
Chevrolet Silverado LS Crew Cab 4WD $1,409
Hyundai Elantra SE Touring Station Wagon $1,481
Hyundai Sonata Limited 4-Dr Sedan $1,503
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in your specific Virginia Beach, VA location which can decrease or increase premium rates significantly.

Based upon the table data, models like the Honda Accord, Ford Escape, Dodge Grand Caravan, and Ford F-150 are going to be some of the less-costly vehicles to insure for using your car for business. The cost of auto insurance will be more costly just because there is more exposure for business use, but in general those makes and models will have the best insurance prices compared to other vehicles.

Selecting the right car insurance provider is hard considering how many companies are available to choose from in Virginia. The ranking data in the lists below can help you pick which companies you want to consider purchasing from.

These ratings are only made up of companies who write in the majority of U.S. states, so companies that have a smaller presence are not included in these rankings. To compare rates from the insurers below and more, click here.

Top Car Insurance Companies for Business Use in Virginia Beach, VA
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
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

The diagram below demonstrates how choosing different deductibles can change annual premium costs when getting quotes for cheap insurance for business use. The rate quotes are based on a married male driver, full coverage, and no discounts are factored in.

In the chart above, a 50-year-old driver could lower their car insurance rates by $242 a year by switching from a $100 deductible up to a $500 deductible, or save $364 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could save $814 or even more just by choosing higher deductibles.

When using a larger deductible, it will be necessary to have enough spare savings to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Ideas for finding economical insurance for business use

Lowering your rates is not difficult, and here are some of the recommended money-saving solutions that can help you get low-cost coverage.

The last suggestion is certainly significant, as was stressed in this article. Insurance rates can change in a short period of time, so drivers shouldn’t be reluctant to change to a new company if a lower price can be found. Brand loyalty is not necessarily bad, but is isn’t recommended if that stubbornness costs you major coinage every year. Take a few minutes and compare prices to find cheaper auto insurance for business use in Virginia Beach.

If you have coverage questions and would like to get some help when shopping for the best coverage for business use, the agents listed below can provide answers to your questions and help you determine which car insurance policy is best.

To locate a Virginia Beach insurance agent closest to you, click the button at the bottom.

More Virginia Beach, VA insurance agents