Who Has Cheap Virginia Beach Auto Insurance Rates for Lyft Drivers?

One of the many criteria that are looked at to determine the amount you pay for auto insurance is where your car is garaged. Regions with more people or even just more weather-related claims tend to have higher rates, whereas more rural areas benefit from lower rates.

The illustration below lists the highest-priced areas in Virginia for Lyft drivers to purchase car insurance in. Virginia Beach ranks #18 with an annual cost of $920 for the average insured, which is about $77 each month.

How much does car insurance cost in Virginia Beach, VA?
Rank City Average Per Year
1 Burke $1,068
2 Alexandria $1,047
3 Lake Ridge $1,042
4 Dale City $1,038
5 Centreville $1,037
6 Richmond $1,015
7 McLean $985
8 Arlington $973
9 Portsmouth $972
10 Reston $963
11 Norfolk $960
12 Newport News $958
13 Danville $950
14 Hampton $943
15 Tuckahoe $939
16 Leesburg $931
17 Ashburn $920
18 Virginia Beach $920
19 Suffolk $910
20 Chesapeake $899
21 Charlottesville $886
22 Lynchburg $851
23 Harrisonburg $800
24 Blacksburg $799
25 Roanoke $799
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Rates are approximated as specific Virginia Beach zip code can increase or decrease coverage prices greatly.

The vehicle you are trying to insure is a large factor when consumers are trying to find the best cheap insurance for Lyft drivers. Vehicles with lower performance, advanced safety features, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models. The information below ranks insurance rates for the cheaper automobiles to insure in Virginia.

Cheapest Vehicles to Insure in Virginia Beach, VA
Insured Vehicle Estimated Cost for Full Coverage
Ford Focus S 4-Dr Sedan $1,239
Ford Edge SEL 2WD $1,249
Chevrolet Equinox LS 2WD $1,265
Toyota RAV4 Sport 2WD $1,270
Toyota Camry LE $1,265
Ford Escape XLT 2WD $1,310
Honda Accord LX 4-Dr Sedan $1,316
Honda CR-V EX 4WD $1,340
Chevrolet Silverado LT Crew Cab 4WD $1,354
Jeep Grand Cherokee Limited 4WD $1,360
Toyota Corolla XRS $1,354
GMC Sierra SL Crew Cab 4WD $1,364
Hyundai Sonata GLS 4-Dr Sedan $1,357
Jeep Wrangler Rubicon 4WD 2-Dr $1,373
Nissan Altima 2.5 4-Dr Sedan $1,450
Chevrolet Malibu Hybrid $1,456
Toyota Prius $1,455
Dodge Grand Caravan SXT $1,476
Ford Explorer Limited 2WD $1,485
Honda Civic LX-S 4-Dr Sedan $1,497
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in your specific Virginia Beach, VA location which can modify price quotes considerably.

Based upon the rates shown, you can see that vehicles like the Ford Focus, Ford Edge, Chevrolet Equinox, Toyota RAV4, and Toyota Camry will be a few of the cheapest vehicles to insure for Lyft vehicles.

The diagram below highlights how deductible choice can impact annual premium costs when getting quotes for cheap insurance for Lyft drivers. The information is based on a married female driver, comp and collision included, and no discounts are applied.

As shown above, a 50-year-old driver could cut expenses by $238 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $358 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old category, could lower their rates up to $586 or even more by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it’s a good idea to have enough savings set aside to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Buying coverage from the highest-rated car insurance provider can be challenging considering how many different companies insure vehicles in Virginia. The ranking information listed below could help you choose which insurers you want to consider comparing rates from. The rankings below are only comprised of companies that write coverage in many states, so smaller companies are not factored into the list.

Top 10 Large Auto Insurance Companies in Virginia Beach Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. GEICO
  6. Liberty Mutual
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. Titan Insurance

Top 10 Large Auto Insurance Companies in Virginia Beach Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Full coverage rates compared to liability-only

Reducing the cost of insurance is probably important to the majority of vehicle owners, and one good way to pay lower rates for insurance for Lyft drivers is to only pay for liability coverage. The diagram below illustrates the difference between auto insurance costs with full coverage compared to only the Virginia minimum liability coverage. The costs are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

If averaged out across all ages, physical damage coverage on your policy costs $1,813 per year more than carrying just liability coverage. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no exact rule of when to drop physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

There are some cases where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

The agents listed below are a good start to provide answers to your questions and help you determine which policy is best, as some drivers wish to get some help when shopping around for cheaper insurance for Lyft vehicles. It can be time-consuming to find the best policy yourself, so agents can provide peace of mind knowing you have adequate protection in the event of a claim. To locate a Virginia Beach insurance agent close to where you live, click the button link following the list or click here to compare rates now.

View map of Virginia Beach, VA insurance agents