Who Has the Cheapest Car Insurance Quotes for Drivers with Good Credit in Virginia Beach?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, in particular when trying to find the lowest insurance prices for drivers with good credit. To help control this cost, let’s introduce you to some of the factors that have an impact on insurance rates, and come up with some ideas to lower the price of your next policy.

The type of vehicle you are insuring is probably the biggest factor that determines whether or not you find the lowest-priced auto insurance for drivers with good credit. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The data below showcases auto insurance rates for the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in Virginia Beach, VA
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $1,066
Honda CR-V EX 4WD $1,091
Toyota Prius $1,181
Ford Edge SE AWD $1,239
Chevrolet Malibu Hybrid $1,265
Jeep Grand Cherokee Laredo 4WD $1,273
Ford Focus SES 4-Dr Sedan $1,305
Honda Odyssey EX-L $1,331
Dodge Grand Caravan SE $1,373
Honda Accord LX-S 2-Dr Coupe $1,422
Volkswagen Jetta SE 2.5 Station Wagon $1,432
Hyundai Sonata Limited 4-Dr Sedan $1,446
Toyota Camry Hybrid $1,456
Toyota RAV4 Limited 4WD $1,450
Toyota Camry LE $1,459
Ford Explorer XLT AWD $1,469
Toyota Tacoma 4WD $1,477
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in specific zip code location which can raise or lower coverage rates substantially.

Looking at the numbers, vehicles like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Edge should be some of the most affordable vehicles to insure for financially responsible drivers.

One of the more important considerations that aid in calculating the price you pay for insurance is where your residence is. Areas with more people or higher crime rates tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.

The information below shows the most expensive places in Virginia for drivers with good credit in which to buy car insurance. Virginia Beach comes in at #18 having an annual price of $910 for the average policyholder, which is approximately $76 monthly.

How much is car insurance in Virginia Beach?
Rank City Average Per Year
1 Burke $1,057
2 Alexandria $1,047
3 Dale City $1,038
4 Lake Ridge $1,032
5 Arlington $1,013
6 Centreville $997
7 McLean $985
8 Richmond $985
9 Norfolk $970
10 Reston $963
11 Hampton $963
12 Portsmouth $934
13 Tuckahoe $929
14 Danville $922
15 Newport News $920
16 Charlottesville $913
17 Suffolk $910
18 Virginia Beach $910
19 Chesapeake $899
20 Leesburg $895
21 Ashburn $893
22 Lynchburg $843
23 Roanoke $807
24 Harrisonburg $800
25 Blacksburg $791
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Annual rates are comparative as specific Virginia Beach zip code can raise or lower price quotes considerably.

Does full coverage make sense?

Finding cheaper insurance is the goal of the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance for drivers with good credit is to only pay for liability coverage. The illustration below visualizes the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

If the expense is averaged for all age categories, full coverage costs an extra $1,648 per year more than just buying liability insurance. Lot’s of drivers question if paying for full coverage is worth it. There is no written rule to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $9,500 after you pay the deductible. If it’s costing in excess of $950 a year for full coverage, then you might want to think about dropping full coverage.

The information below illustrates how your deductible choice can impact insurance costs when trying to find cheap insurance for drivers with good credit. The price estimates are based on a married female driver, comp and collision included, and no policy discounts are applied.

The data above shows that a 40-year-old driver could cut expenses by $176 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $266 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 category, can save up to $436 each year just by choosing higher deductibles. When using a larger deductible, it’s a good idea to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Picking the highest-rated auto insurance company can be a challenge considering how many choices you have in Virginia. The company rank data below can help you decide which companies you want to consider comparing prices from.

The ratings below only include large, nationwide insurance companies, so smaller companies that only insure vehicles in Virginia are not factored into this list. To compare prices from these top-rated insurers and more, simply click here.

Best Ten Insurance Companies for Drivers with Good Credit in Virginia Beach
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Insure.com Best Car Insurance Companies