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All drivers in Virginia should have car insurance, but it doesn't come cheap. Typical drivers pay thousands of dollars per year, though it's possible to get that cost down by going with the best Virginia auto insurance providers. Here's a look at which companies offer the cheapest car insurance in Virginia for a variety of driver profiles.
Geico offers the best car insurance in Virginia for typical drivers. Its average male driver pays about $999 annually, which is well under the $1,819 state average. Female drivers who choose Geico can expect to pay a little more -- about $1,114 per year on average -- but it's still below the state average of $1,788. This is based on the profile of a 35-year-old driver with a clean driving record.
Other companies that offer some of the cheapest car insurance in Virginia for typical drivers are:
Drivers with prior accidents pay about $2,493 annually for Virginia auto insurance, but drivers who go with Auto-Owners Insurance can knock over $1,000 off that bill. The average Auto-Owners driver with a single accident on their record pays only $1,428 annually.
Drivers with imperfect records can also score affordable car insurance in Virginia with one of these companies:
Drivers with a single speeding ticket on their records will see their Virginia auto insurance rates climb to about $2,357 on average. But Geico's rates come in well below that, at about $1,275 per year on average.
The following companies also have some of the cheapest car insurance quotes in Virginia for drivers with a single speeding ticket:
Teens and young drivers pay some of the most expensive Virginia auto insurance premiums, averaging about $5,249 per year. This is based on the profile of an 18-year-old male driver with a clean driving record. But Virginia Farm Bureau Insurance offered these drivers a much more affordable $2,251 average annual premium.
The following companies also offer some of the cheapest car insurance in Virginia to young drivers:
Senior drivers typically have cheap auto insurance for Virginia, paying only $1,604 per year on average. But drivers who go with Geico could get insurance coverage for around $886 annually.
The following insurers are also among the best car insurance companies in Virginia for drivers 65 and up:
Cheap liability car insurance in Virginia costs drivers about $641 on average, though Geico drivers only pay about half that. Geico's average annual premium for minimum coverage was just $324.
The following Virginia auto insurance providers also offer low-cost car insurance to those seeking minimum coverage:
Though it may seem unrelated to driving, poor credit can raise car insurance rates. The average driver with poor credit can expect to pay about $3,028 per year for their Virginia auto insurance. But once again, Geico provides these drivers with coverage at a much more affordable price -- about $1,626 per year on average.
Drivers with poor credit should also check out the following Virginia auto insurance companies:
How much is car insurance in Virginia? That varies, depending on several factors, but the average driver can expect to pay about $2,220 per year for Virginia auto insurance. This is a little under the national average of $2,646 per year.
|Average Rate Category||Virginia||National Average|
|1 accident on driving record||$2,493||$3,092|
|1 speeding ticket on driving record||$2,357||$2,766|
Here are some basic Virginia car insurance laws all drivers should be aware of:
In at-fault states like Virginia, the driver who is found to be at fault in an accident is responsible for paying the medical expenses for themselves and the other driver. This can be costly, which is why it's usually a good idea to purchase more than the minimum liability coverage required by state law.
It is possible to legally drive a car in Virginia without insurance, but drivers who plan to do this must pay a $500 annual Uninsured Motor Vehicle fee that expires with their vehicle registration. Those who do not do this and drive without insurance will have their driving privileges and vehicle registration suspended.
In order to reinstate these things, drivers must pay a $600 noncompliance fee, file an SR-22 certificate with the DMV for three years, and pay a reinstatement fee.
All drivers who choose not to pay the $500 Uninsured Motor Vehicle fee must carry at least the following car insurance coverage:
Drivers need the following bodily injury liability coverage:
Virginia drivers must also have at least $20,000 in property damage liability coverage to pay for damages to other vehicles or property if they're found at fault in an accident.
If you're looking for the cheapest car insurance in Virginia, try the following tips:
Here are some other things to bear in mind when shopping for Virginia auto insurance:
Virginia law allows residents to drive without insurance as long as they pay a fee. This could be problematic for you if you are hit by one of these drivers. Even if you're hit by a driver that only has Virginia minimum car coverage, their policy may not be enough to cover all the damages. That's why it's usually a good investment to purchase uninsured and underinsured motorist coverage as well. This pays for a driver's medical bills and vehicle repairs if they're hit by a driver that doesn't have sufficient insurance coverage.
State minimum coverage only protects other drivers and their vehicles if they're injured in an accident. If you want your vehicle to be protected, you must also add collision and comprehensive coverage to your policy. Collision coverage protects the policyholder's car in the event of an accident while comprehensive coverage protects them against weather damage, theft, animal-vehicle collisions, vandalism, and a variety of other problems.
What additional coverage do you recommend specifically for Virginia drivers?
For Virginia drivers, collision and comprehensive are both recommended additional coverage -- if the value of the car and replacement parts exceed the cost of premiums and deductibles. In combination, collision coverage and comprehensive coverage work together in most cases to repair damage or replace your vehicle. Plus, a driver can start repairs soon after an accident, rather than waiting for a determination of fault.
Other recommended coverage to consider is medical payment coverage (also called medical expense benefits). This covers a driver's medical-related costs resulting from an accident, regardless of fault. Also, suppose there is a death of a person covered by the policy in the accident. In that case, the coverage may pay for funeral expenses. In evaluating this type of coverage, reflect on the cost of short-term emergency expenses after a car accident related to health insurance coverage and its deductible. This coverage may be able to help pay for the health insurance deductible.
Another optional addition to a policy to consider is lost income benefits coverage, which will provide a small supplement to income to help cover monthly expenses if there is an accident.
For Virginia drivers that don’t have a clean driving record, what can they do to improve their insurance rate?
There are several actions that Virginia drivers can take to improve their insurance rate:
Why do you think drivers in Virginia pay about 16% less than the national average?
Drivers in Virginia pay less than the national average for car insurance due to a couple of factors. First, the insurance market in Virginia is competitive, allowing drivers to comparison shop. Second, Virginia has had lower prices on average for auto repairs. But this trend may not continue long term. As more people drive, there are inevitably more accidents, leading to more claims and payments by insurers. Repair costs are also increasing as car technology advances and more sophisticated features are added. Other trends that may increase long-term insurance prices include severe weather predictions, the number of uninsured drivers, and healthcare costs.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The Motley Fool has a Disclosure Policy. The Author and/or The Motley Fool may have an interest in companies mentioned.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
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