The words “low-priced” and “insurance” really shouldn’t be used together, in particular when searching for the cheapest auto insurance for state employees. Because it’s so expensive, let’s teach you some of the things that can significantly affect insurance prices, and come up with some ideas to lower the price of your next policy.
Determining which companies quote the best auto insurance rates for state employees may require a little more sweat in order to find the lowest price quote.
Every auto insurer uses their own calculation for determining rates, so let’s examine the overall cheapest auto insurance companies in Virginia Beach. We do need to point out that Virginia auto insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Simply getting older, buying a new vehicle, or getting a ticket for careless driving can trigger changes in premium that may make certain companies more affordable than before.
Best Insurance Companies in Virginia
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$834|
|15||National Grange Mutual||$1,071|
|Compare Rates Now Go|
Travelers normally has some of the cheapest car insurance rates in Virginia Beach at around $659 per year. This is $499 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners would also be considered some of the cheapest Virginia Beach, VA insurance companies.
As illustrated above, if you currently have a policy with Auto-Owners and switched to USAA, you could realize an annual premium reduction of approximately $63. Insureds with Utica National may save as much as $63 a year, and The Hartford customers might cut rates by $90 a year.
Be aware that those rates are averaged for all drivers and vehicles and do not factor in an exact location for state employees. So the company that has the lowest price for you may not even be in the top 30 companies shown above. That’s why you need to compare rates from multiple companies using your own personal information and vehicle type.
One of the more important criteria that are looked at to determine the cost of insurance is the neighborhood you call home in Virginia Beach. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with less people or fewer weather incidents benefit from lower rates.
The following table sorts the most expensive cities in Virginia for state employees to purchase a policy in. Virginia Beach is listed at #15 with an annual premium of $938 for car insurance, which is around $78 monthly.
|Rank||City||Average Per Year|
|Find the Best Rates Go|
Premium costs are estimated as specific Virginia Beach garaging address can influence premiums noticeably.
The make and model of vehicle you are trying to insure is probably the largest consideration when trying to find cheap coverage for state employees. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost much more to insure than more modest models.
The next list outlines car insurance costs for a handful of the most budget-friendly automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,118|
|Ford Escape XLT 2WD||$1,276|
|Honda Civic DX 4-Dr Sedan||$1,298|
|Toyota Camry LE||$1,322|
|Chevrolet Malibu LT||$1,348|
|Chevrolet Impala LTZ||$1,391|
|Chevrolet Equinox LTZ AWD||$1,418|
|Jeep Grand Cherokee Limited 4WD||$1,425|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,485|
|Ford Edge SEL 2WD||$1,487|
|Honda Odyssey EX||$1,492|
|Ford F-150 XLT Regular Cab 2WD||$1,504|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,509|
|Toyota Camry Hybrid||$1,514|
|Kia Optima EX||$1,521|
|Toyota RAV4 Limited 2WD||$1,516|
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Premium 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, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in vehicle garaging location which can alter coverage prices substantially.
Looking at the rates, we can conclude that vehicles like the Honda CR-V, Ford Escape, and Honda Civic will definitely be a few of the most economical vehicles to insure for state workers.
Best auto insurance in Virginia
Choosing the highest-rated car insurance provider can be challenging considering how many choices you have in Virginia Beach. The ranking information shown next could help you pick which auto insurance companies you want to consider when comparing insurance rates for state employees. These rankings only include the companies with a significant amount of written premium nationwide, so companies that focus mainly on Virginia business are not taken into consideration for this list.
Top 10 Large Car Insurance Companies in Virginia Beach Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- Titan Insurance
How much more does full coverage cost?
Buying cheaper auto insurance is the goal of the majority of drivers, and one good way to buy cheaper insurance for state employees is to not buy full coverage. The chart below illustrates the comparison of car insurance rates with full coverage and liability only. The data is based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, physical damage coverage costs $1,219 per year over having just liability coverage. That raises the question when is it safe to stop buying full coverage. There is no clear-cut formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s say your vehicle’s replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $7,000 after you pay the deductible. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
Low rates can quickly become overpriced
Virginia Beach, VA auto insurance rates are calculated based on many things which can substantially change the cost of a policy. Simply improving your credit, adding a teenager to your policy, or getting a speeding ticket may generate price changes resulting in some rates now being cheaper in comparison to the competition.
And not only may your rating factors change, but car insurance companies amend pricing multiple times each year in order to be able to pay unexpected claims. Larger than normal claims can cause increased rates, while a lower level of claims may cause more affordable Virginia Beach car insurance rates.
To illustrate this example, the graph below demonstrates which company has the cheapest car insurance in Virginia Beach, VA for a 40-year-old female driver with no accidents or violations, and a decent credit rating. If we estimate prices based on her current risk factors, Travelers may offer the lowest car insurance rates in Virginia Beach at $791 per year. This is $367 less than the average price paid by Virginia drivers of $1,158. USAA, Cincinnati Insurance, Penn National, and Auto-Owners are also included in the most affordable Virginia Beach, VA auto insurance companies.
Now let’s give the driver from the first example an accident surcharge, a lower credit score, and a few blemishes on her driving record. Since each auto insurer has their own formula to set policy rates, getting updated rate quotes may now present a completely different list of the cheapest Virginia Beach car insurance companies as shown below.
Erie now has the cheapest price in Virginia Beach with The Hartford, Virginia Farm Bureau, Donegal Mutual, and Nationwide also being competitive. This shows why it is critical to shop around to find the most budget-friendly insurance rates for state employees. Car insurance prices can be altered by many factors and can decrease or increase without notice, so the most affordable company three years ago may now be one of the higher cost companies.
The auto insurance agents in Virginia Beach shown below can aid you in deciding which coverages are best, as many people would rather get some professional advice when trying to find lower insurance rates for state employees. It can be difficult to find coverage yourself, and insurance agents can give satisfaction knowing your coverage gives you decent coverage if you have a claim.
To locate a Virginia Beach auto insurance agent near you, click the button following the list.
212 87th St – Virginia Beach, VA 23451 – (757) 422-6729
Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443
Charlie Hendrick – State Farm Insurance Agent
5350 Kemps River Dr #101 – Virginia Beach, VA 23464 – (757) 523-4115