What Car Insurance is Cheapest for 18 Year Olds in Virginia Beach?

Finding budget auto insurance is hard enough, and determining which company quotes the cheapest insurance rates for 18 year olds involves even more rate comparisons. Each company uses a little different formula to set their prices, so let’s begin by examining the insurance companies that tend to have lower prices in Virginia Beach.

It’s a good idea to be aware that Virginia insurance rates are impacted by many factors that can increase the price you pay for coverage. That is why Virginia Beach drivers need to shop around with many companies when trying to get cheap insurance quotes for 18 year olds. Rates are determined by many risk factors and change dramatically, so the lowest-price company the last time you shopped around may now be one of the more expensive options.

Best Cheap Insurance Rates for Teens

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Cheapest insurance companies in Virginia
Rank Company Cost Per Year
1 Travelers $653
2 USAA $709
3 Penn National $748
4 Cincinnati Insurance $755
5 Utica National $758
6 Auto-Owners $765
7 The Hartford $809
8 Erie $812
9 Virginia Farm Bureau $826
10 Donegal Mutual $860
11 Nationwide $963
12 Allied $1,012
13 ALFA $1,018
14 GEICO $1,026
15 National Grange Mutual $1,071
16 Chubb $1,101
17 State Farm $1,132
18 Electric $1,216
19 Progressive $1,222
20 Amica $1,267
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Travelers has some of the cheapest car insurance rates in Virginia Beach at around $653 per year. USAA, Penn National, Cincinnati Insurance, and Utica National are also some of the best Virginia Beach, VA insurance companies.

As shown in the rates above, if you are a customer of Penn National and switched to Travelers, you might realize a yearly savings of in the vicinity of $95. Drivers with Cincinnati Insurance might save as much as $102 a year, and Utica National insureds might lower prices by $105 a year.

To compare your rates to other Virginia insurance companies, click here to get quotes or visit several of the following companies.

Remember that these policy rates are averages for all drivers and vehicles in Virginia and and are not calculated with an exact vehicle garaging location for 18 year olds. So the insurer that is best for you may not even be in the list above. That’s why you need to get rate quotes from many companies using your own specific driver and vehicle information.

The type of vehicle that is being insured is probably the most important factor when looking for the best insurance for 18 year olds. Vehicles with lots of speed or power, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models.

The next list illustrates auto insurance costs for some of the cheaper automobiles to insure in Virginia.

Cheapest Vehicles to Insure in Virginia Beach, VA
Vehicle Estimated Cost for Full Coverage
Ford Escape XLT 2WD $3,495
Honda CR-V EX-L 2WD $3,532
Ford F-150 XL Regular Cab 2WD $3,640
Toyota Prius $3,809
Honda Odyssey LX $3,877
Dodge Grand Caravan CV $3,915
Honda Civic DX 4-Dr Sedan $4,114
Ford Focus SE 4-Dr Sedan $4,121
Chevrolet Malibu Hybrid $4,152
Toyota RAV4 Limited 4WD $4,161
Chevrolet Impala LT $4,152
Ford Explorer Limited 4WD $4,192
Toyota Tacoma Double Cab 4WD $4,200
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Data based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific zip code location which can revise coverage prices considerably.

By looking at the data, makes and models like the Ford Escape, Honda CR-V, Ford F-150, Toyota Prius, and Honda Odyssey should be some of the cheapest vehicles to insure for teen drivers. The price for an auto insurance policy will tend to be higher just due to the fact that there is more liability risk for 18 year olds, but generally speaking those specific models will probably have the lowest insurance prices available.

Poor driving habits will raise your insurance rates

The obvious way to receive affordable insurance rates in Virginia for teen drivers is to drive safe and not receive tickets or have accidents. The information below demonstrates how traffic citations and at-fault fender-benders can affect insurance costs for different age groups of insureds. Data assumes a married male driver, comp and collision included, $100 deductibles, and no discounts are factored in.

The data above shows the average cost of auto insurance in Virginia Beach per year with no accidents and a clean driving record is $1,268. Get two speeding tickets and the average cost rises to $1,750, an increase of $482 each year. Then include two accidents along with the two speeding tickets and the yearly cost of insurance for 18 year olds jumps again to an average of $3,461. That’s an increase of $2,193, or $183 per month, just for a couple of infractions!

Liability rates compared to full coverage

Reducing the cost of insurance is probably important to the majority of vehicle owners, and one easy way to buy cheaper insurance for 18 year olds is to buy only liability coverage. The information below illustrates the difference between auto insurance rates with full coverage compared to only the Virginia minimum liability coverage. Data assumes no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are factored in.

If averaged for all ages, full coverage costs an extra $1,219 per year more than insuring for liability only. Many drivers may wonder if buying full coverage is worth the expense. There is no definitive guideline to delete full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

How to find more affordable car insurance for 18 year olds

The list below summarizes a few money-saving suggestions that can help Virginia drivers locate low-cost coverage.

The last suggestion is remarkably significant, as was affirmed in the prior information. Prices charged by companies can be adjusted at any time, so don’t hesitate to switch companies if a lower price can be found. Having a favorite company is great, but it’s not recommended if it’s costing you a fortune every year. Now is a great time to compare prices and find cheaper insurance for 18 year olds in Virginia Beach.

The Virginia Beach auto insurance agencies shown below are willing to provide answers to your questions and help you determine which coverages you need, since lots of drivers aren’t clear which coverage they need and would like to have professional advice when comparing insurance rates for teen drivers. It’s not always simple to find the best rates on your own, so a licensed agent can give satisfaction knowing your policy gives you adequate protection. To find an agent near you, click the button after the list.

Nationwide Insurance: Lovas Insurance Agency Inc
244 Mustang Trail #1Virginia Beach, VA 23452(757) 340-8310

Bell Insurance Agency Corporation
1501 Cornwell LnVirginia Beach, VA 23454(757) 340-0028

Frank Owens – State Farm Insurance Agent
1776 Laskin Rd #102Virginia Beach, VA 23454(757) 428-3101

Choice Insurance Agency
4664 South BlvdVirginia Beach, VA 23452(757) 416-5100

More Virginia Beach, VA insurance agents