Find Best Cheapest Car Insurance Rates in Virginia - Car insurance premiums to provide the state's 5.7 million licensed drivers a solid idea of the best car insurance policy rates in Virginia. We studied car insurance policy rates by company, city, and profile, and located the overall average for being $2,737 for the standard liability protection.
Find Best Cheapest Car Insurance Rates in Virginia
While $2,737 was the mean blended premium, we found out that rates could vary quite widely. In fact, for the very same driver, we got the difference between minimum and maximum auto insurance costs for being as much as 7x between different companies and cities. This is why to find the very best rates, consumers should check around. Type your local zipcode below to get started on shopping great quotes on the top car insurance companies locally, or find out more below :
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Best Auto Insurance in Virginia
The annual premiums take a look at based on car insurance policy coverage that contributes uninsured / underinsured motorist coverage, medical payments, plus some comprehensive and collision protection besides the minimum insurance liability limits inside the state of Virginia.
Based around the sample rates below, prospective policyholders is able to see how researching and comparing rates produce a more informed decision. The difference relating to the most expensive and lowest rates is $4,206, which may have almost covered four more years of automobile insurance at USAA. For non-military drivers, that delta is $3,714 between Progressive Direct Insurance Company and Travelers Home and Marine Company. Read below for the most effective car insurance companies ranked by premiums.
Cheapest Auto Insurance in Virginia
Based on survey data, a few companies with all the cheapest car insurance rates were USAA, Garrison Property and Casualty Insurance Company, and Traveler's Home & Marine Company. Since the initial couple of are specialty auto insurers (USAA and Garrison are affiliated firms that provide financial services for people in the military forces), we'll add two more for the list: GEICO Casualty and Mid Century Insurance (a subsidiary of Farmers Insurance). Annual car insurance rates for GEICO, Travelers, and Mid Century averaged over to $1,729, which had been about 37% less expensive the average inside state.
Most Expensive Auto Insurers
At additional end on the spectrum, the three costliest insurers within the survey were: Progressive Direct Insurance Company, Nationwide Mutual Insurance Company, and Liberty Mutual Insurance Corp. The average these three companies is $5,294, which can be almost twice the complete state average (93% higher). This helps as one example of that underwriting criteria and methodologies may vary widely for the very same profile across multiple insurers, and this consumers should compare rates for a few insurers to be aware of what a fair market rate because of their policy would cost.
The areas sampled inside study represent a blend from the state capital, large cities, and smaller rural areas. In general, across cities, there is not much variation from the cost of insurance throughout the 25 underwriters and three driver profiles from the study. Roanoke, having a population of 97,000 was the lowest priced place to insure a motor vehicle at $2,364 annually. Alexandria, the most costly city from the sample, was 23% more costly.
Alexandria, VA
As the hometowns of Presidents George Washington and Gerald Ford, Alexandria, VA is really a city steeped ever sold as well as one of the most high-priced cities in Virginia for motor insurance. The annual expense of insuring one's car in Alexandria was $2,917, the most costly in our sample size. Car insurance rates for 45 year-old married adults, however, were an outlier: they saved money by residing in Alexandria, in contrast to Norfolk or Roanoke, two cities with higher costs just for this demographic.
The most high-priced insurer in Alexandria within the study was Progressive Direct Insurance Company at $5,742, whilst the cheapest motor insurance company was United Services Automobile Association (USAA) with rates of $1,178. However, you have to be a member or maybe a direct relative of an member with the military services to be able to qualify for insurance. For those without military affiliation, GEICO ranked being a close second cheapest car insurer in this subject with annual premiums of $1,634.
Richmond, VA
The 210,000 residents paid about $2,765 12 months to insure their cars in Richmond, the capital with the Old Dominion and former capital on the Confederacy. Car insurance rates on this city were middle-of-the-road for the 3 driver profiles compared for the other cities inside study. In addition to USAA, Travelers Home and Marine Insurance Company had the most beneficial car insurance rates each year of $1,465. On another end with the spectrum was Nationwide Mutual Insurance Company, with annual premiums of $5,469.
To give readers a sample of the vehicle insurance rates across our profiles, single 20 yr old males and females could pay $3,920 and $2,947, respectively, in Richmond. Middle-aged married adults could see annual premiums of $1,429 - nearly half the rates with the younger adults.
Virginia Beach, VA
Despite being essentially the most populous city in Virginia with 447,000 residents, Virginia Beach had the other best and cheapest car insurance policy rates within the study. $2,624 was the annual blended expense of insuring and keeping one's vehicle in Virginia Beach - about 4% less than the state average, $292 less expensive than Alexandria, and $141 more affordable than Richmond.
Thanks for reading Find Best Cheapest Car Insurance Rates in Virginia.