What is the Cheapest Auto Insurance in Virginia?

Determining which insurers offer the lowest-priced car insurance rates in Virginia Beach may require a little more sweat in order to find the most economical policy.

Every car insurance company uses a slightly different approach for determining rates in each state, so let’s rank the most affordable car insurance companies in Virginia Beach, VA. It’s important that readers know that Virginia car insurance rates are calculated based on many things that can increase the cost of your policy. Simply improving your credit, adding a teenager to your policy, or getting a few speeding tickets may prompt premium changes resulting in some rates now being more affordable than before.

Travelers has some of the cheapest car insurance rates in Virginia Beach at around $679 annually. USAA, Cincinnati Insurance, Penn National, and Auto-Owners would also be considered some of the cheaper Virginia Beach, VA auto insurance companies.

As shown above, if you currently have coverage with Penn National and switched to USAA, you might achieve an annual savings of in the vicinity of $32. Policyholders with Auto-Owners may save as much as $49 a year, and Utica National customers might lower prices by up to $49 a year.

Understand that those premiums are averages for all insureds and vehicles and do not factor in a price decrease in Virginia Beach. So the insurer that fits your age and vehicle best may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.

Where do you live?

For drivers in Virginia Beach, one of the largest components that are used to help calculate the price you pay for insurance is where you call home in Virginia. Areas with more people or more claims like Alexandria, Burke, and Centreville tend to pay slightly more, whereas areas with less people or fewer weather incidents have the luxury of lower rates.

The illustration below rates the highest-priced areas in Virginia to purchase car insurance in.

Where does Virginia Beach, VA rank for car insurance cost?
Rank City Annual Premium
1 Alexandria $1,047
2 Lake Ridge $1,042
3 Burke $1,037
4 Dale City $1,028
5 Centreville $1,027
6 Richmond $1,005
7 Norfolk $1,000
8 McLean $995
9 Reston $992
10 Arlington $983
11 Hampton $972
12 Newport News $958
13 Portsmouth $943
14 Tuckahoe $939
15 Suffolk $937
16 Leesburg $931
17 Ashburn $929
18 Virginia Beach $920
19 Charlottesville $913
20 Danville $912
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Premium amounts are approximated as specific Virginia Beach garaging address can alter auto insurance rates considerably.

The vehicle model that needs insurance is one of the primary factors in finding the lowest-priced insurance in Virginia Beach. Vehicles with average performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than higher performance models.

The list below ranks car insurance rates for a selection of the most economical vehicles to buy coverage for.

Cheapest Vehicles to Insure in Virginia
Vehicle Make and Model Estimated Cost for Full Coverage
Jeep Wrangler Sport Islander Package 4WD 2-Dr $507
Toyota Prius $510
Ford F-150 XLT Super Cab 2WD $517
Dodge Grand Caravan SE $522
Ford Escape XLS 4WD $527
Ford Edge Limited 2WD $534
Nissan Altima 2.5 4-Dr Sedan $545
Chevrolet Malibu Hybrid $552
Toyota RAV4 4WD $545
Ford Focus SEL 4-Dr Sedan $564
Honda Odyssey EX-L $574
Toyota Tacoma X-Runner 2WD $582
Honda CR-V EX 4WD $579
Chevrolet Silverado 3500HD LT Crew Cab 2WD $594
Honda Accord EX 2-Dr Coupe $613
GMC Sierra SLE Crew Cab 2WD $624
Toyota Camry Hybrid $634
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Above prices assume 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, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can affect insurance rates considerably.

Looking at the data, you can expect vehicles like the Jeep Wrangler, Toyota Prius, and Ford F-150 will definitely be some of the cheaper vehicles to insure for drivers in Virginia Beach.

The illustration below shows how choosing a deductible can raise or lower yearly insurance costs when quoting cheap insurance in Virginia Beach. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.

The chart above illustrates that a 30-year-old driver could lower their policy premium by $238 a year by changing from a $100 deductible to a $500 deductible, or save $360 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could drop their prices as much as $694 every year by using a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is important to have enough funds in savings to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Cost difference between full coverage and liability

Saving money on auto insurance is the goal of the majority of vehicle owners, and a good way to reduce the cost of insurance in Virginia Beach is to not buy comprehensive and collision coverage. The example below shows the comparison of insurance premiums when comparing full coverage to liability only. The rates are based on no claims or driving citations, $500 deductibles, single marital status, and no policy discounts are applied.

As an average, physical damage insurance costs an extra $1,651 per year more than just buying liability only. That brings up the question if buying full coverage is worth the money. There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Auto insurance rates are higher with tickets and accidents

The obvious way to obtain affordable auto insurance premiums for drivers in Virginia Beach is to be a cautious driver and not receive tickets or have accidents. The illustration below illustrates how speeding tickets and accidents can impact yearly insurance costs for each age group. The premiums assume a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of an auto insurance policy in Virginia per year with no violations or accidents is $1,447. Add in one speeding ticket and the average cost swells to $1,633, an increase of $186 each year. Now add one accident along with the one speeding ticket and the annual cost of auto insurance in Virginia Beach goes up to an average of $2,152. That’s an increase of $706, or $59 per month, just for not driving responsibly!