What Car Insurance is Cheapest for High Risk Drivers in Virginia Beach?

The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, especially when comparison shopping for the best price on coverage for high risk drivers. Because of the high cost, let’s familiarize you with a few of the factors that determine auto insurance premiums, and find some ways to reduce the cost of your next policy.

Finding decent, budget car insurance is not the easiest thing to accomplish, and finding out which insurers offer the cheapest auto insurance rates for high risk drivers may require more quotes for comparison. Each auto insurer has their own unique process for setting prices, so we need to take a look at the auto insurance companies with the overall best prices in Virginia.

Keep in mind that Virginia auto insurance rates are calculated based on many things which can substantially decrease or increase the price of your policy. This price variability is why it is critical to compare many different companies when trying to find the lowest insurance quotes for high risk drivers. Insurance rates consist of many factors and change substantially, so the cheapest option the last time you compared rates may now cost much more than other companies.

Lowest Insurance Price Quotes for Risky Drivers

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Who has the cheapest car insurance in Virginia?
Rank Company Cost Per Year
1 Travelers $659
2 USAA $688
3 Penn National $726
4 Cincinnati Insurance $755
5 Erie $780
6 Auto-Owners $788
7 Utica National $788
8 The Hartford $801
9 Virginia Farm Bureau $826
10 Donegal Mutual $852
11 Nationwide $935
12 ALFA $998
13 Allied $1,012
14 GEICO $1,036
15 National Grange Mutual $1,093
16 Chubb $1,101
17 State Farm $1,143
18 Electric $1,180
19 Progressive $1,209
20 California Casualty $1,251
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Travelers generally has some of the best car insurance rates in Virginia Beach at around $659 annually. USAA, Penn National, Cincinnati Insurance, and Erie are also some of the best Virginia Beach, VA car insurance companies.

In this example, if you are insured with Cincinnati Insurance and switched to Travelers, you could realize a yearly savings of upwards of $96. Customers with Erie might save as much as $121 a year, and Auto-Owners policyholders might reduce rates by $129 a year.

If you want to see how much you could save, click here to start your free quote or visit any of the companies below.

Remember that these premiums are averaged across all ages of drivers and types of vehicles and are not factoring in a specific vehicle garaging location for high risk drivers. So the car insurance company that can offer you the lowest price may not even be in the top 30 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.

For high risk drivers, one of the big considerations that are looked at to determine the amount you pay for auto insurance is where you keep your car. Cities with larger populations are more likely to have higher rates, whereas less populated areas have the luxury of cheap car insurance rates.

The next table lists the most costly cities in Virginia for high risk drivers in which to buy car insurance. Virginia Beach comes in at #18 costing $910 for coverage, which is about $76 each month.

How much is auto insurance in Virginia Beach, VA?
Rank City Annual Premium
1 Alexandria $1,047
2 Lake Ridge $1,042
3 Centreville $1,037
4 Burke $1,037
5 Dale City $1,028
6 Arlington $1,003
7 Norfolk $990
8 McLean $985
9 Reston $983
10 Richmond $975
11 Portsmouth $972
12 Newport News $958
13 Tuckahoe $957
14 Danville $950
15 Hampton $943
16 Ashburn $929
17 Suffolk $928
18 Virginia Beach $910
19 Leesburg $904
20 Chesapeake $899
21 Charlottesville $886
22 Lynchburg $851
23 Roanoke $799
24 Blacksburg $799
25 Harrisonburg $776
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Rates are approximated as the specific garaging location can modify auto insurance rates greatly.

Choosing the highest-rated insurer can be a challenge considering how many companies there are in Virginia Beach. The ranking information in the next section can help you decide which insurers you want to consider when comparing rates.

These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Virginia business are not factored into this list. To get price quotes from these top insurers and more, click this link.

Best 15 Auto Insurance Companies for High Risk Drivers in Virginia Beach
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 chart below shows how choosing a deductible can raise or lower annual premium costs when researching cheap insurance for high risk drivers. The data is based on a single female driver, full physical damage coverage, and no discounts are factored in.

A 30-year-old driver could save $232 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $352 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, have the ability to save as much as $516 or even more just by choosing higher deductibles. If you do decide to increase your deductibles, it’s a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Why you should be shopping around

Virginia Beach, VA auto insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. Simply turning a year older, moving to a new city, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be more affordable than before. In addition to those changes, insurers file new rates as often as every quarter in order to remain profitable. A period of increased losses may result in increased policy costs, while better underwriting can produce lower-cost Virginia Beach car insurance rates.

As an example, the chart below shows the companies that have the cheapest car insurance in Virginia Beach, VA for a 35-year-old male driver with a clean driving record, no accidents, and good financial standing. If we compare prices based on his current situation, Travelers might quote the lowest car insurance rates in Virginia Beach at $806 a year. This is $352 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National are the remainder of the cheapest Virginia Beach, VA auto insurance companies.

The chart below compares rates after we give the driver from the first example a claim, a lower credit score, and a few traffic violations. Since each auto insurer uses their own method for setting rates, getting updated rate quotes could now result in a completely different list of the cheapest Virginia Beach car insurance companies as shown below.

Auto-Owners now has the lowest car insurance rate in Virginia Beach with Virginia Farm Bureau, Erie, Donegal Mutual, and Nationwide also being competitive. This example shows why drivers need to spend some time comparing rates to find the most economical insurance quotes for high risk drivers. Rates consist of many different factors and can increase or decrease at any time, so the most affordable company when you last compared rates may now be costing you a lot of money.