Best cheap car insurance in Virginia Beach

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According to the Federal Highway Administration, there are almost 6,000,000 licensed drivers driving on Virginia roads. There are many insurance companies competing for the title of best insurer, especially in Virginia Beach, with this many drivers. Virginia Beach’s average car insurance premium is $1,378 per year for full coverage and $538 per year for minimal coverage.

Virginia Beach residents can get affordable rates even from the most reputable car insurance companies. Bankrate considered financial strength, customer service ratings, and premium costs when determining the best car insurance providers in Virginia Beach.

Virginia Beach’s best car insurance companies

These top car insurance companies that offer coverage to Virginia Beach residents are financially strong, provide great customer service, and have affordable rates. Below is a table that shows Virginia Beach’s top insurance companies along with their average annual premiums and customer service scores.

Insurance CompanyJ.D. J.D.Average Annual Premium for Minimum InsuranceAverage annual premium for full coverage
Erie880 / 1,000$427$1,082
Geico871 / 1,000$380$1,203
MetLife886 / 1,000$906$2,087
All over the country876 / 1,000$422$828
State Farm881 / 1,000$431$1,050

Erie

Erie is seventh for market share in Virginia car insurance, covering 4.1% of all vehicles. The 2020 J.D. score was 880. The company was seventh among 25 companies in the 2020 J.D. Power Auto Claims Satisfaction Study. Erie was second in the Mid-Atlantic with 850 points on the 2020 Auto Insurance Study. Erie’s excellent scores in both studies are a reflection of its ability to manage claims efficiently and pay out claims on time.

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Erie ranks in the middle of the pack when it comes to average annual premiums compared with the best car insurance companies on Virginia Beach.

Geico

Geico, also known as Berkshire Hathaway, is the top-selling car insurance company in Virginia with a 19.6% marketshare. Geico is also the best-rated car insurance company in Virginia Beach. 2020 J.D. Power Auto Claims Study: Geico was one point lower than average with 871 points, and one point higher on the regional Auto Insurance Satisfaction Study (with 841 points).

Metlife

MetLife was not ranked in the Top 10 car insurers in the Mid-Atlantic but it remains our top choice due to its excellent study rankings. Metlife was fifth among 25 companies in Auto Claims Satisfaction, scoring 886 points. It was seventh on the Auto Insurance Satisfaction Study, scoring 831 points. Metlife is not the lowest rate in Virginia Beach. It has one of the highest rates on the list. Drivers may be able to save premiums by looking into discounts offered by the provider, such as automatic payments.

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Nationwide

Nationwide is sixth among the 10 highest written car insurance premiums. However, it comes in second as having the Virginia Beach’s lowest average minimum coverage premium. The 2020 J.D. ranks Nationwide ninth. Power Auto Claims Study has 876 points. Nationwide is sixth in the Mid-Atlantic with 835 points.

State Farm

With nearly 15% of Virginia’s market share, State Farm is the 2nd-largest insurance behind Geico. It ranks in the middle of the list for the minimum annual premium and has the second lowest average coverage rate. State Farm is sixth on the 2020 J.D. Power Auto Claims Satisfaction Study is State Farm’s sixth place. However, it is the most trusted insurance provider in the Mid-Atlantic with 855 points for Auto Insurance Satisfaction Study.

Virginia Beach has the lowest car insurance

Virginia Beach has a higher average car insurance cost than in the state of Virginia. Virginia Beach’s average cost for full coverage is $1378 per annum, while Virginia’s average cost is $1,304 per annum. Virginia’s average cost for minimum coverage is $441 per annum. Both are cheaper than the average cost of car insurance in America, which is $1674 for full coverage, and $565 for minimal coverage.

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Below is a table that shows you the best rates on car insurance in Virginia Beach.

Insurance CompanyAverage Annual Premium for Minimum InsuranceAverage annual premium for full coverage
USAA$342$945
Geico$380$1,203
Travelers$409$926
Progressive$415$898
Mercury$415$1,262

USAA offers the lowest minimum coverage rates but is limited to military personnel, veterans, and their families. Progressive is the best option for low rates and full coverage. Every company offers discounts and multiple products to lower the cost. They also have strong financial ratings that will allow you to know that they will pay any claims.

Virginia Beach insurance requirements

Virginia is required to have minimum 25/50/20 coverage. This includes:

  • $25,000 per person to treat bodily injuries
  • $50,000 for bodily injury
  • Property damage: $20,000 per accident

Even though you might prefer the lowest possible level of coverage, in some cases full coverage may be required. Full coverage is possible if you are leasing your car, have a loan or your car is still valued at a fair price.

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We offer rates that include more than the minimum requirements. You can find financial protection in many ways depending on the coverage options you have and your savings. The best Virginia Beach car insurance companies offer coverage.

Virginia Beach car insurance discounts

It is a smart idea to inquire about discounts when you receive a quote from an insurance company, either your current one or the one you are looking for. These five discounts could help you save money on your car insurance.

  • Driver education and defensive driving courses: You might be able save even more if you complete them successfully.
  • Discount for students: Although it can be costly to insure teens drivers, if they are under 25 and have good school grades, they might be eligible for this discount.
  • Multi-policy: Insurance your home, car and other products through the same company can give you multi-policy discounts.
  • Safety features: Anti-lock brakes, air bags and other safety features can save you money and make your car more safe to drive.
  • Vehicle usage: If you have a low vehicle mileage per year, you may be eligible for a discount on car insurance. This can be done by carpooling to work, or driving less than 7,500 miles annually. Most insurance companies consider this low.
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Questions frequently asked

Which is the best auto insurance company?

The best car insurance company will be the one that best suits your needs. There are many options available to you in Virginia Beach for car insurance.

What is the cost of car insurance in Virginia Beach?

Virginia Beach’s average car insurance premium is $1,378 per year for full coverage and $538 per year for minimal coverage. The actual amount that you pay will depend on where you live and what type of car and driving record you have.

What amount of car insurance do you need in Virginia Beach

You will need to have more liability coverage if you are in an accident that results in significant property damage or severe injuries. Ask for quotes on car insurance in Virginia Beach and compare the different options.