Average annual car insurance costs in Norfolk are $570 for minimum coverage, and $1,499 to cover full coverage. Bankrate’s most recent study of quotes premiums from Quadrant information Services revealed that there are many car insurance companies in Norfolk with minimum coverage rates below $373 (USAA), and $386 (Geico). The city’s average for minimum coverage auto insurance was $570 per annum. Ten of the ten carriers we examined beat that figure. We examined the providers further to bring you our picks for the best cheap car insurance in Norfolk.
The best car insurance companies of Norfolk
The following four insurance companies have low average annual premiums but do not skimp on coverage options and discounts. These four insurance companies were chosen based on J.D. Bankrate’s price-listing study. Power’s customer satisfaction survey and the variety of coverage options.
USAA
USAA offers Norfolk residents affordable average car insurance rates as well as high-quality customer service. J.D. rated the company as the best. The company is rated the highest in J.D. It made our list because Norfolk is home to the world’s largest naval station.
Geico
Geico’s average annual rate of $386 for minimum coverage, which is available to vehicle owners who are unable to get coverage through USAA on average, is the second-cheapest in the city. Its full coverage car insurance costs $1,331 annually, which is the highest among all the carriers. Geico offers cheaper options if you need full coverage because you finance or lease your vehicle.
Erie
Erie’s annual car insurance rates are affordable for minimum coverage, while its average premiums for full coverage are very competitive. Erie’s full-coverage car insurance may be worth the extra cost, but it offers more value than its price. Erie includes pet coverage for injuries up to $500 per pet ($1,000 maximum) if a furry friend is injured in a covered car accident. The vehicle’s personal items are covered up to $350. The premium also includes locksmith services (upto $75) as well as auto glass repair.
Progressive
Based on our research, Progressive is the best-rated full coverage auto insurance company with a rate $993/year. A notable feature of having coverage with Progressive is its mobile app. You can make changes to your coverage easily, view your insurance cards and start claims. Once you’re paid, you can follow the steps until they are paid. You can manage most insurance issues at any hour of the day or night.
Norfolk has the lowest car insurance
Norfolk’s average annual rates of $1,499 for full coverage car insurance are lower than the national average cost of $1,674 per year. Rates may be lower depending on your driving record, age, and other factors. Bankrate surveyed the top insurance companies in Norfolk to find that five of them beat the average.
USAA is the most affordable, but it is not available to military personnel or their families. Travelers and Geico offer the best discounts for maximum savings. Mercury insurance may have the lowest rates for high-risk drivers who may need an SR-22 or have multiple tickets or previous accidents. The Erie full coverage car insurance package offers the best value with many extras.
Norfolk insurance requirements
Norfolk’s minimum liability coverage requirements are:
- Coverage for bodily injury liability per person: $25,000
- Bodily injury coverage per accident: $50,000
- Property damage coverage: $20,000
Virginia also requires drivers to carry uninsured/underinsured motorist insurance at the same policy limits as your liability insurance, unless you ask in writing for the limits to be reduced. Virginia allows drivers to avoid getting car insurance by paying a $500 fee if they can attest that they have the funds to cover any damages or injuries they sustain in an accident. The concept is not financially viable for most people due to the fact that there are many quality insurance companies offering car insurance starting at $500 per year.
Norfolk offers car insurance discounts
Many car insurance companies offer discounts to policyholders. Some discounts may be available to you, such as:
- Military personnel: Many companies offer discounts for military personnel. Ask if you don’t see it on the company website.
- Young adults are at greatest risk due to inexperienced driving. The high cost of coverage can be reduced by a good student discount.
- Automated payments: You may be eligible for a discount by setting up automatic payments to your premiums. The best part is that your car insurance bill will be one less thing to worry about.
- Bundling: One of the best ways you can save money on your insurance is to buy both home and auto insurance from the same company. Many insurance companies offer both auto and homeowners coverage, and many offer discounts for both.
Stacking multiple discounts will result in the largest reduction of your auto insurance bill. You can save a lot even if you only take advantage of a few.
Questions frequently asked
Which is the best auto insurance company in Norfolk
It can be difficult to pick one carrier as it all depends on your needs. Our picks for the best car insurance companies in Norfolk are USAA for military personnel, Erie for full coverage car insurance and Geico for cheap minimum coverage. You may be able find lower rates and better coverage options with other carriers. Before purchasing car insurance, it is a smart idea to compare different providers.
What is the cost of car insurance in Norfolk?
Average car insurance costs in Norfolk, Virginia are $570 for basic minimum coverage, and $1,499 per year for full coverage, which includes comprehensive or collision coverage. We found several carriers that offer coverage at lower rates than the average.