The average cost for car insurance in Virginia for full coverage is $1,304 and $441 respectively. While car insurance rates are lower in Virginia than in some neighboring States, it is possible to get a lower rate from one of the most affordable auto companies in Virginia. You can feel more in control over your insurance costs by knowing what factors influence your premium.
What is the cost of car insurance in Virginia?
On average, Virginia auto insurance costs $1304 per year to get full coverage and $441 for minimum coverage. Virginia drivers pay less for auto insurance than the national average of $1674 for full coverage, and $565 per year for minimum coverage.
There are many factors that can affect the cost of your auto insurance. Car insurance rates in Virginia are affected by where you live, how old you are, and what type of car insurance company that you choose.
Virginia car insurance rates by firm
Bankrate gathered premium data from Quadrant Information Services in Virginia for insurance companies. Prices for the same coverage can vary because each company uses its own rating algorithm.
Virginia auto insurance rates by location
Auto insurance premiums in different states can be very different. Below is a table that shows Virginia’s 20 largest cities and their average premiums compared to the state average. Each city and every ZIP code have its own set of rating factors that can affect its premiums, such as the risk of an accident.
Virginia car insurance rates based on age
Virginia’s auto insurance is more expensive for younger drivers than it is for older drivers, as is the case with most states. Young drivers are more likely to be inexperienced than older drivers. The high number of traffic-related deaths and accidents among teens drivers is a major reason why they have the highest premiums.
Virginia car insurance rates for driving record
Car insurance rates for safe drivers are usually the lowest. Because of this, insurance agencies view drivers with tickets and accidents on their driving records as more likely to cause another accident. A DUI conviction could result in car insurance premiums twice the state’s average.
How to Save on Virginia Car Insurance
Although Virginia’s auto insurance premiums are lower than the national average, there may be ways to save.
- Comparing your rate regularly: Getting quotes from multiple car insurance providers could help to find a lower premium for similar coverage. You could switch to a cheaper provider if you find a company.
- Telematics: Many insurance companies offer programs that monitor your driving habits and reduce your premium based upon the information. You could be eligible for a discount if you’re a safe driver.
- Bundling coverage: You could save money if you bundle your renters or home insurance with your auto policy.
- Talk to your employer about special discounts that some companies offer with selected insurance providers. This could help you get a discount on your car and home insurance.
Each company offers its own discounts so it is worth speaking to your agent to find out which savings opportunities are available.
Questions frequently asked
What is the cost of car insurance in Virginia per a month?
Bankrate’s average cost of Virginia car insurance was $36.75 per monthly. Full coverage is $108.67 per mois. Your unique rating factors will affect the price.
What is the best type of car insurance for Virginia?
You will be required to have complete coverage by your lender or dealer if you finance your vehicle using a loan or lease. If you don’t have a loan, and opt for liability-only coverage, your vehicle will be repaired or replaced out of pocket.
What is the difference between full and liability coverage?
Liability-only coverage protects you against damage you do to other people, including injuries and property damage. Comprehensive and collision insurance provide coverage for damage to your vehicle.
