Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Virginia Beach?

For good drivers, one of the big factors that aid in calculating the price you pay for insurance is where you choose to live in Virginia Beach. More densely populated places tend to have more expensive auto insurance rates, whereas areas with less congestion benefit from lower coverage costs.

The following table sorts the most costly cities in Virginia for safe drivers in which to purchase auto insurance. Virginia Beach shows up at #13 with the yearly price of $938 for the average insurance policy, which is about $78 each month.

Car insurance prices in Virginia Beach
Rank City Annual Premium
1 Alexandria $1,047
2 Lake Ridge $1,042
3 Burke $1,026
4 Arlington $1,003
5 Norfolk $1,000
6 Dale City $998
7 Centreville $997
8 McLean $995
9 Reston $983
10 Richmond $975
11 Portsmouth $972
12 Tuckahoe $967
13 Virginia Beach $938
14 Hampton $934
15 Newport News $930
16 Chesapeake $926
17 Leesburg $922
18 Ashburn $920
19 Charlottesville $913
20 Danville $912
21 Suffolk $901
22 Lynchburg $843
23 Roanoke $799
24 Blacksburg $799
25 Harrisonburg $776
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Premium amounts are estimated as specific location information can raise or lower prices considerably.

The make and model of vehicle needing coverage is one of the largest considerations when quoting cheaper auto insurance for safe drivers. Vehicles with lower acceleration and performance, a great safety record, or a track record of few liability claims will cost much less to insure than high performance models.

The information below ranks car insurance prices for the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Virginia Beach, VA
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,029
Toyota Camry LE $1,216
Chevrolet Malibu LT $1,239
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,260
Honda Accord LX-P 4-Dr Sedan $1,262
Ford Escape Limited 2WD $1,292
Toyota Prius $1,308
Nissan Rogue S 2WD $1,315
Dodge Grand Caravan CV $1,322
Hyundai Sonata Limited 4-Dr Sedan $1,396
Dodge Ram Quad Cab Laramie 2WD $1,419
GMC Sierra 2500HD SLE Crew Cab 2WD $1,460
Ford Edge SEL 2WD $1,465
Chevrolet Impala LT $1,495
Chevrolet Equinox LS AWD $1,504
Jeep Grand Cherokee Laredo 2WD $1,495
GMC Sierra SLE Crew Cab 2WD $1,503
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific location information which can decrease or increase insurance rates noticeably.

Looking at the data, you can expect models like the Honda CR-V, Toyota Camry, Chevrolet Malibu, Jeep Wrangler, and Honda Accord are going to be some of the cheaper vehicles to insure for good drivers.

Deciphering which company offers the lowest-priced car insurance rates for safe drivers requires more time than just quoting one company’s rates.

Every insurance provider uses a slightly different approach for establishing rates, so let’s take a look at the lowest cost car insurance companies in Virginia Beach. It’s important that readers know that Virginia Beach car insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Improving your credit score, moving to a new city, or having an accident may prompt premium changes that can cause some rates to be cheaper than before.

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Cheapest Virginia car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $659
2 USAA $688
3 Penn National $740
4 Cincinnati Insurance $755
5 Utica National $758
6 The Hartford $777
7 Auto-Owners $788
8 Erie $804
9 Virginia Farm Bureau $810
10 Donegal Mutual $878
11 Nationwide $953
12 Allied $982
13 GEICO $1,006
14 ALFA $1,028
15 State Farm $1,099
16 National Grange Mutual $1,104
17 Chubb $1,134
18 Electric $1,180
19 Amica $1,229
20 Progressive $1,246
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Travelers offers some of the lowest car insurance rates in Virginia Beach at around $659 per year. USAA, Penn National, Cincinnati Insurance, and Utica National would also be considered some of the cheaper Virginia Beach, VA auto insurance companies.

As depicted above, if you buy coverage from Cincinnati Insurance and switched to Travelers, you could realize a yearly price reduction of in the neighborhood of $96. Virginia drivers with Utica National may save as much as $99 a year, and The Hartford policyholders might realize rate reductions of up to $118 a year.

These premiums are averaged for all drivers and vehicles and and are not figured with an exact location for safe drivers. So the insurer that is best for you may not even be in the list above. That point stresses why you need to quote rates from as many companies as possible using your own individual information.

Full coverage versus liability only rates

Finding the cheapest car insurance is important to most drivers, and one of the fastest ways to buy cheap insurance for safe drivers is to not pay for full coverage. The chart below illustrates the comparison of insurance prices with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

If we average the cost for all age groups, physical damage coverage costs an extra $1,087 per year over and above liability only. That proposes the question when is the right time to remove full coverage. There is no definitive guideline to delete physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Impact of violations and accidents on rates

The obvious way to earn good car insurance premiums in Virginia for good drivers is to be a careful driver and avoid getting tickets or having accidents. The information below illustrates how traffic citations and accident claims increase insurance costs for different age groups. The data is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

In the example above, the average cost of auto insurance in Virginia per year with a clean driving record and no accidents is $1,163. Get written up for one speeding ticket and the average cost swells to $1,317, an increase of $155 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for safe drivers jumps again to an average of $2,705. That’s an increase of $1,542, or $129 per month, just for not driving attentively!

The chart below demonstrates how deductibles can change yearly insurance costs when quoting cheap insurance for safe drivers. The premiums assume a married female driver, full physical damage coverage, and no discounts are taken into consideration.

As shown above, a 40-year-old driver could lower their policy premium by $238 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $358 by selecting a $1,000 deductible. Younger drivers, such as the Age 20 example, could save $586 or more just by choosing higher deductibles.

When increasing deductibles, it’s a good idea to have plenty of savings on hand to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Why you should be shopping around

Virginia Beach, VA car insurance rates are impacted by many things which can significantly increase or decrease the cost of a policy. Simply getting older, having a teenage driver, or getting a couple of tickets can trigger rate changes that can now make some companies more affordable than the competition. And not only may your rating factors change, but insurance companies change prices as needed in order to protect their financial rating. A period of higher than normal claims can result in high rates, while a lower level of claims may result in cheaper Virginia Beach car insurance rates.

For example, the graph below compares the cheapest car insurance in Virginia Beach, VA for a 35-year-old male driver with no accidents or violations, and a high credit rating. If we estimate prices based on his current risk factors, Travelers offers the best car insurance rates in Virginia Beach at $782 each year. This is $376 less than the average rate paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners round out the rest of the cheapest Virginia Beach, VA auto insurance companies.

In the next rate comparison, we’ll give the driver from the first example some claims, a lower credit rating, and a couple of points charged on his driving record. Since every insurance provider uses a different method to set their prices, comparing quotes will most likely result in a completely different list of cheap Virginia Beach auto insurance companies as shown below.

Utica National now has the best price in Virginia Beach with Virginia Farm Bureau, The Hartford, Donegal Mutual, and Nationwide also being competitive. This example demonstrates why Virginia Beach drivers need to compare as many rates as possible when trying to get the cheapest insurance rates for safe drivers.

Insurance rates can be altered by many factors and can decrease or increase without notice, so the best option two years ago may now be costing you a lot of money.