The average cost of auto insurance in Virginia is $ 1,304 per year for full coverage and $ 441 per year for minimum coverage. While auto insurance rates in Virginia are already lower than some neighboring states, you may be able to find a lower price from one of the cheapest auto companies in Virginia. Knowing the factors that affect your premium could help you better control your insurance costs.
How Much Does Auto Insurance Cost in Virginia?
Auto insurance in Virginia costs an average of $ 1,304 per year for full coverage and $ 441 per year for minimum coverage. Drivers in Virginia pay less for auto insurance than the national annual average of $ 1,674 for full coverage and $ 565 for minimum coverage.
However, several factors affect your auto insurance rates. The region you live in, your age, your driving history, and the auto insurance company you choose all play a big role in car insurance rates in Virginia.
Virginia auto insurance rates by company
Bankrate collected premium data from Quadrant Information Services for insurance companies in Virginia. Because each company has its own rating algorithm, prices vary for the same coverage:
|Auto insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Alfa||$ 331||$ 1,043|
|Allstate||$ 466||$ 1,421|
|Insurance Cincinnati||$ 475||$ 1,584|
|Donegal||$ 379||$ 1,203|
|Electrical insurance company||$ 918||$ 3,308|
|Erie||$ 350||$ 1,025|
|Geico||$ 309||$ 1,227|
|Kemper||$ 946||$ 2,386|
|Mercury||$ 353||$ 1,239|
|MetLife||$ 754||$ 1,885|
|At national scale||$ 357||$ 770|
|Progressive||$ 364||$ 945|
|State farm||$ 331||$ 993|
|Travelers||$ 361||$ 910|
|United States||$ 294||$ 890|
|Virginia Agricultural Office||$ 366||$ 984|
Virginia auto insurance rates by city
Even within a state, auto insurance premiums can vary widely. The table below shows the 20 largest cities in Virginia by population and how their average premiums compare to the state average. Every city and even every zip code has its own unique set of pricing factors, like the likelihood of accidents, that affect its premiums.
|City||Average annual premium for full coverage||% difference from the average annual state premium|
|Virginia Beach||$ 1,378||6%|
|Newport News||$ 1,366||5%|
|City of Dale||$ 1,377||6%|
Virginia Auto Insurance Rates by Age
As is the case in most states, younger drivers tend to pay more for auto insurance in Virginia than older drivers. This is probably due to the inexperience of young drivers. Teenage drivers face the most expensive premiums in part due to the number of traffic accidents and fatalities for their age group.
* 16 years added to their parents’ policy
Virginia Auto Insurance Rates by Driving Record
Safe drivers usually get the cheapest auto insurance rates. This is because if you have accidents and tickets on your driving record, insurance companies generally consider you to be more likely to cause an accident in the future. If you have a DUI on your record, you may have to pay car insurance premiums twice the state average.
|Driving incident||Average annual premium for full coverage in Virginia||% increase in average annual premium|
How To Save On Auto Insurance In Virginia
Although auto insurance premiums in Virginia are lower than the national average, you may be able to save by:
- Periodically compare your current rate: Getting quotes from multiple auto insurance companies could help you find a lower premium for the same coverage. If you find a new business, you can switch your insurance to the cheapest provider.
- Telematics registration: Some insurance companies have programs that track your driving habits and reduce your premium based on the data received. If you are a safe driver, you could earn a discount.
- Bundled coverage: If you purchase home insurance or home insurance with your auto policy, you may get a discount on both.
- Check with your employer: Some companies offer special affiliate discounts with certain insurers that could give you a discount on your auto insurance.
Every business has their own set of discounts, so talking to your agent can be the best way to identify savings opportunities.
Frequently Asked Questions
How Much Does Auto Insurance Cost in Virginia Per Month?
Based on Bankrate’s findings on the average cost of auto insurance in Virginia, minimum auto insurance is around $ 36.75 per month and full coverage averages about $ 108.67 per month. Your price will vary based on your unique scoring factors.
Do I Need Full Coverage Auto Insurance In Virginia?
If you finance your vehicle with a lease or loan, the dealership or lender will likely require you to purchase full auto insurance. If you don’t have a loan and opt for liability only coverage, you will be responsible for repairing or replacing your vehicle.
What is the difference between liability only and full coverage?
Liability coverage alone covers you for damage you cause to others, including their injuries and property damage. Comprehensive coverage includes comprehensive insurance and collision insurance, which covers damage to your own vehicle.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
These are sample rates and should be used for comparison purposes only.
Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied.
Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.