Vancouver’s average car insurance cost is $516 per annum for minimum liability. Full coverage policies average $1,211 per annum. This is considerably lower than the national average car insurance cost, which is $1,674 per annum for full coverage, and $565 for minimum coverage. Even if you live in an area with higher-than-average annual premiums, finding affordable car insurance can be a priority.
Bankrate evaluated several factors to find the most affordable car insurance in Vancouver. Our team looked at factors such as coverage options, pricing and discounts, and third-party ratings like AM Best or J.D. Power. These indicators indicate that the best affordable car insurance providers in Vancouver are USAA, PEMCO, Geico and State Farm for 2021.
Best car insurance companies in Vancouver
USAA is rated the highest in customer service by J.D., making it one of the top car insurance companies in Vancouver. Although technically it is not eligible for rank, Power has the highest customer service score. State Farm is the provider with the highest customer service rank. However, PEMCO and Geico are cheaper than their average annual premiums. The averages shown in the chart may vary depending on your individual situation.
USAA
USAA holds the cheapest rates in the North Central region, but it is technically considered rank-ineligible because membership is limited to active members of the military and veterans, as well as their families. USAA offers discounts for military personnel, including discounts for those who store their car on-base and deployed. USAA also offers optional roadside help, rental reimbursement and personal injury protection (PIP). This will enhance your protection.
PEMCO
J.D. has awarded PEMCO impressive customer satisfaction scores. Power offers competitive rates for multifaceted coverage, which includes many protections that are not available from other providers. You have the option to choose from coverage for custom parts and equipment, towing and labor coverage and key coverage. There is also coverage for your auto loan. PEMCO offers accidental death coverage of up to $10,000 and insurance for your pets up to $1,000. Rideshare coverage is also available if you work for Uber or Lyft. PEMCO is only available in Washington State and Oregon.
Geico
Geico is slightly less satisfied with its customer service in the North Central region of Canada than its counterparts. However, it has amazing mobile resources that will empower you to manage your policy. Geico also offers optional PIP coverage. It also provides rental reimbursement, emergency roadside assistance and mechanical breakdown insurance. Geico’s already competitive rates may be made more affordable by offering vehicle discounts such as safety-related savings or safe driver discounts. Check for discounts for driver affiliation, such as savings for specific employees or members of certain groups.
State Farm
State Farm is the top-rated provider in the North Central region when it comes to customer satisfaction. This is no surprise considering the company has over 19,000 agents nationwide. State Farm offers optional rideshare insurance as well as rental insurance. State farm discounts may help you get lower rates. State Farm offers two discounts that can help you save: its Drive Safe & Save discount and Steer Clear discount.
Cheapest car insurance in Vancouver
Vancouver’s car insurance is slightly more expensive than the rest of Washington. The average policy for full coverage costs $1,211 in Vancouver. However, it costs $1,176 annually in Washington. In both cases, car insurance here is much cheaper than the average cost of car insurance in the U.S., which costs $1,674 per year, based on quoted annual premiums from Quadrant Information Services.
Vancouver’s cheapest car insurance carriers are very similar to those that offer the most affordable coverage. There are similarities between the top three largest carriers in terms of market share. State Farm, USAA and Geico all make it on the list. Based on their competitive rates for full and minimum coverage, Progressive and Travelers are the most affordable car insurance in Vancouver. These providers offer great coverage options and discounts, as well as affordable pricing. They also have high ratings from third-party providers such J.D. Power and AM Best.
Vancouver insurance requirements
According to Washington state laws, drivers in Vancouver must carry a minimum amount of auto insurance before they can legally drive. The minimum auto insurance required for Vancouver drivers includes:
- $25,000 bodily injury liability per individual
- $50k bodily injury liability per accident
- Ten Thousand Dollars per accident property damage liability
PIP and underinsured motorist coverage must also be available. However, they can be declined in writing. Certificates of deposit and liability bonds are available for drivers who wish to self-insure.
You must have minimum auto insurance to operate a vehicle. You may need to have additional coverage if you lease, finance, or trade a vehicle.
It is recommended that you consider more than minimum liability. Your insurance coverage can protect you against financial ruin if you suffer a serious loss.
Car insurance discounts in Vancouver
Vancouver drivers have many discounts. Some of the best car insurance discounts available for your Vancouver car insurance policy include:
- Driver: Based on your driver type, you could be eligible for a special discount. Many companies offer discounts for seniors, college students, and teen drivers.
- Safety: Many providers offer discounts on safety features such as anti-theft and anti-lock brakes.
- Payment: You could save significant money if you sign up for paperless statements or renew your quote in advance.
- Group discounts: These discounts could be based on your employer, membership in certain groups or military affiliation.
You can get multiple discounts by being a safe driver with certain providers. Some of the most popular discounts are those that are accident-free or claims-free. If you complete a defensive driving class, you can save money.
Questions frequently asked
Which is the best auto insurance company?
Your personal requirements for auto insurance will determine the best car insurance company. Each driver is unique, so different insurance companies may offer coverage that suits you better than others. Bankrate’s best car insurance companies for 2021 are an excellent place to start, given their many coverage options, discounts and high third-party ratings.
What is the cost of car insurance in Vancouver?
Vancouver’s average car insurance cost is $516 per annum for minimum liability coverage and $1,211 for full coverage. However, auto insurance is calculated based on several rate factors, including where you live, the make and model of your car, your credit score and driver history.
What amount of car insurance do you need in Vancouver?
If you want to drive in Vancouver, you must carry auto insurance that includes a minimum of $25,000 of bodily injury or death per person per accident, $50,000 of bodily injury or death per accident, and $10,000 of injury to or destruction of property of others per accident. There are other ways to satisfy financial responsibility, but they may put you at risk of financial loss in the case of a costly accident.
