The words “bargain” and “insurance” really shouldn’t be used together, especially when shopping around for the best car insurance after a speeding ticket. In an attempt to save some money, let’s learn about some situations that impact auto insurance premiums, and come up with some ideas to slash the price of your next policy.
One of the many components that determine the amount you pay for auto insurance is where you keep your vehicle in Virginia Beach. Areas with increased crime or more people tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The next table lists the most costly cities in Virginia after a speeding ticket to buy car insurance in. Virginia Beach is ranked #15 with an annual premium of $938 for the average insured, which is approximately $78 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Dale City | $1,038 |
| 2 | Burke | $1,026 |
| 3 | Alexandria | $1,016 |
| 4 | Richmond | $1,015 |
| 5 | McLean | $1,015 |
| 6 | Lake Ridge | $1,012 |
| 7 | Centreville | $1,007 |
| 8 | Arlington | $1,003 |
| 9 | Norfolk | $1,000 |
| 10 | Portsmouth | $972 |
| 11 | Reston | $963 |
| 12 | Danville | $950 |
| 13 | Hampton | $943 |
| 14 | Tuckahoe | $939 |
| 15 | Virginia Beach | $938 |
| 16 | Newport News | $930 |
| 17 | Suffolk | $928 |
| 18 | Chesapeake | $926 |
| 19 | Charlottesville | $922 |
| 20 | Leesburg | $904 |
| Compare Prices Now Go | ||
Rate information is approximated as the vehicle garaging location can lower or raise coverage rates substantially.
Figuring out which companies quote the best car insurance rates after a speeding ticket will involve a little more work in order to find the best price. Each company has a different process to determine premium rates, so let’s take a look at the car insurance companies with the overall best prices in Virginia Beach, VA.
It’s important that readers know that Virginia car insurance rates are influenced by many factors that may substantially change the cost of your policy. Improving your credit rating, increasing deductibles, or having a fender bender can cause premium changes that can now make some companies affordable when they were higher priced.
Find the Cheapest Car Insurance with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $659 |
| 2 | USAA | $709 |
| 3 | Penn National | $748 |
| 4 | Cincinnati Insurance | $763 |
| 5 | Auto-Owners | $781 |
| 6 | Utica National | $781 |
| 7 | Erie | $788 |
| 8 | The Hartford | $801 |
| 9 | Virginia Farm Bureau | $826 |
| 10 | Donegal Mutual | $878 |
| 11 | Nationwide | $953 |
| 12 | ALFA | $998 |
| 13 | GEICO | $1,006 |
| 14 | Allied | $1,022 |
| 15 | National Grange Mutual | $1,093 |
| 16 | Chubb | $1,134 |
| 17 | State Farm | $1,143 |
| 18 | Electric | $1,180 |
| 19 | Progressive | $1,259 |
| 20 | Amica | $1,267 |
| Get a Custom Quote Go | ||
Travelers generally has some of the best car insurance rates in Virginia Beach at around $659 per year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners would also be considered some of the cheapest Virginia Beach, VA auto insurance companies.
As shown above, if you have coverage with Auto-Owners and switched to USAA, you may realize yearly savings of in the neighborhood of $72. Virginia drivers with Utica National might save as much as $72 a year, and Erie customers might lower prices by $79 a year.
Remember that these estimates are averages for all drivers and vehicles and do not factor in an exact zip code location after a speeding ticket. So the auto insurance company that is best for you may not even be in the top 30 companies shown above. That illustrates why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The vehicle you are trying to insure is probably the most important factor when shopping for affordable car insurance after a speeding ticket. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The next list estimates insurance rates for a number of the cheapest vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,532 |
| Honda CR-V EX-L 4WD | $1,537 |
| Ford Edge SE 2WD | $1,641 |
| Ford Explorer XLT AWD | $1,676 |
| Chevrolet Equinox LT 2WD | $1,771 |
| Ford Focus SES 4-Dr Sedan | $1,834 |
| Dodge Grand Caravan SE | $1,848 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,901 |
| Jeep Grand Cherokee SRT-8 4WD | $1,910 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,901 |
| Chevrolet Impala LS | $1,918 |
| Toyota Prius | $1,931 |
| Toyota Camry LE | $1,955 |
| Compare Rates Now Go | |
Table data assumes single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, and multi-vehicle. Rate information does not factor in specific location information which can increase or decrease prices substantially.
Looking at the rates, we can tell that vehicles like the Ford Escape, Honda CR-V, Ford Edge, Ford Explorer, and Chevrolet Equinox are going to be a few of the cheapest vehicles to insure after a few driving violations.
Insurance rate increases from tickets or accidents
The obvious way to enjoy the most affordable car insurance prices in Virginia after a few driving violations is to drive carefully and avoid accidents and traffic citations. The diagram below highlights how speeding tickets and fender-benders can affect auto insurance rates for different age groups. The information is based on a single female driver, full coverage, $100 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of a car insurance policy in Virginia Beach per year with no accidents and a clean driving record is $1,405. Factor in two speeding tickets and the average cost hikes up to $1,887, an increase of $482 each year. Now add one accident along with the two speeding tickets and the 12-month cost of car insurance after a speeding ticket increases to an average of $2,370. That’s an increase of $965, or $80 per month, just for being a less-than-perfect driver!
Discounts on Virginia Beach auto insurance
Insurers that provide coverage after a speeding ticket may also give you policy discounts that could potentially reduce rates by as much as 35% or more if you meet the requirements. Larger car insurance companies and a partial list of their discounts are shown below.
- State Farm has savings for good driver, Steer Clear safe driver discount, accident-free, defensive driving training, passive restraint, driver’s education, and multiple policy.
- Esurance may offer discounts for Pac-12 alumni, emergency road assistance, anti-theft, multi-car, and renters.
- Progressive offers premium reductions for homeowner, good student, multi-vehicle, continuous coverage, and online signing.
- Liberty Mutual has discounts for new move discount, safety features, multi-policy, newly retired, and teen driver discount.
- Auto-Owners Insurance may have discounts that include good student, paperless, teen driver, student away at school, and group or association.
- GEICO policyholders can earn discounts including emergency military deployment, federal employee, anti-theft, multi-vehicle, membership and employees, and defensive driver.
The chart below shows the difference between car insurance rates with and without discounts applied to the rates. The prices are based on a male driver, three citations and no at-fault accidents, Virginia state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with vehicle safety, paid-in-full, multiple policy, passive restraint, homeowner, and anti-theft discounts applied. With discounts applied, the average amount saved each year on car insurance after a speeding ticket is 28% or $681.
Why you should compare rates
Virginia Beach, VA car insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Simply having a birthday, getting married, or getting a couple of tickets can cause premium changes that can make some companies more affordable than before. Not only that, but auto insurance companies change rates every year or even multiple times each year in order to maintain liquidity for claims. Higher than normal claims may result in increased rates, while profitable underwriting can produce lower-cost Virginia Beach car insurance rates.
For example, the chart below shows the company with the cheapest car insurance in Virginia Beach, VA for a 40-year-old female driver with a good driving record, no prior claims, and good credit. If we compare prices based on her current rating profile, Travelers offers the cheapest car insurance rates in Virginia Beach at $788 annually. This is $370 less than the average premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and The Hartford are also on the list of the best Virginia Beach, VA auto insurance companies.
Now let’s give the driver from the above example an at-fault accident, a little lower credit rating, and an imperfect driving record. Due to the fact that each insurance company has their own guidelines for setting rates, getting updated rate quotes may result in a different set of affordable companies as shown below.
Utica National now has the best price on car insurance in Virginia Beach with Virginia Farm Bureau, Erie, Donegal Mutual, and Nationwide now rounding out the top five. This illustrates why it is critical to perform a complete rate comparison when trying to find the most economical auto insurance rates after a speeding ticket. Prices are impacted by many factors and can change without notice, so the most affordable company when you bought your policy may now be one of the more expensive options.