Virginia's Cheapest Vehicles To Insure

What Vehicles Are Cheapest on Insurance in Virginia?

The cost of car insurance in Virginia depends on a number of factors, including age, driving history, and location. However, according to research, the cheapest car insurance companies in Virginia are:

- Virginia Farm Bureau

- Erie

- State Farm

- Travelers

- USAA

The average cost of car insurance in Virginia is $1,986 per year for full coverage, which is 14% less than the national average. For minimum coverage, the average cost is $677 per year.

Cheapest car insurance for minimum coverage

The average cost of minimum coverage car insurance in Virginia is $677 per year, but you may be able to find cheaper insurance by shopping around. The cheapest company for minimum coverage in Virginia is Travelers, with an average annual rate of $314.

Minimum coverage requirements for Virginia drivers

Drivers in Virginia are required to carry minimum liability coverage unless they pay an uninsured motorist fee. The uninsured vehicle fee is $500 paid directly to the DMV, which allows you to drive without insurance for 12 months, but does not provide you with any insurance coverage.

For all policies effective from January 1, 2022, to December 31, 2024, drivers must have at least the following coverage amounts:

• $30,000 bodily injury liability per person
• $60,000 bodily injury liability per accident
• $20,000 property damage liability per accident

For all policies effective on or after January 1, 2025, coverage limits are slightly higher:

• $50,000 bodily injury liability per person
• $100,000 bodily injury liability per accident
• $25,000 property damage liability

Both uninsured and underinsured motorist coverages must be offered, but can be declined in writing.

Cheapest car insurance companies for minimum coverage in Virginia

• Travelers
• Virginia Farm Bureau
• Geico
• Erie
• State Farm

Cheapest car insurance for full coverage

The cost of car insurance in Virginia is lower than the national average, with the average cost of full coverage being $1,986 per year, or $1,067 per year, depending on the source. The cheapest car insurance companies in Virginia for full coverage are:

• State Farm: $755 per year
• Travelers: $835 per year
• Geico: $999 per year
• Penn National: $1,057 per year
• Erie: $1,180 per year

However, the cheapest option for you will depend on your age, driving record, and location. For example, for drivers with a DUI on their record, State Farm is the cheapest option, with an average rate of $1,116 per year. For teens, Erie is the cheapest option, with an average rate of $2,004 per year for 17-year-old females and $2,391 per year for 17-year-old males.

Cheapest car insurance for drivers with prior incidents

The cheapest car insurance in Virginia depends on several factors, including age, driving history, location, and the vehicle being driven. Here is a breakdown of the cheapest car insurance options in Virginia for drivers with prior incidents:

For Drivers with Poor Credit:

Nationwide and Virginia Farm Bureau offer competitive rates for drivers with poor credit histories. Their average annual rates are $1,604 and $1,617, respectively.

For Drivers with a Speeding Ticket:

Erie offers the cheapest rates for drivers with a speeding ticket, with an average annual rate of $962.

For Drivers with an Accident on Record:

Erie is once again the cheapest option for drivers with an accident on their record, with an average annual rate of $1,188.

For Drivers with a DUI:

State Farm offers the cheapest rates for drivers with a DUI, with an average annual rate of $1,116.

It is worth noting that insurance rates in Virginia have increased by about 20% in the last year due to rising auto repair costs, accident rates, inflation, and car thefts. As such, shopping around and comparing quotes from multiple insurance providers is essential to finding the cheapest rates, especially for drivers with prior incidents.

Cheapest car insurance for young drivers

According to my search, the cheapest car insurance for young drivers in Virginia is offered by the following companies:

• Erie Insurance
• Virginia Farm Bureau
• State Farm
• Geico
• Progressive

Erie Insurance

Erie Insurance offers the cheapest rates for young drivers in Virginia, with an average annual rate of $2,004 for 17-year-old females and $2,391 for 17-year-old males. Erie also has the cheapest rates for 18-year-olds, with an average cost of $2,425 per year. For 21-year-olds, Erie offers rates of $1,478 per year.

Virginia Farm Bureau

Virginia Farm Bureau offers the cheapest rates for 16 and 17-year-olds, with an average annual rate of $2,758. For 25-year-olds, Virginia Farm Bureau provides estimates of $1,286 per year.

State Farm

State Farm offers the cheapest rates for drivers with a DUI, with an average annual rate of $1,116.

Geico

Geico offers the cheapest rates for 19-year-olds, with an average cost of $1,980 per year.

Progressive

Progressive is also mentioned as one of the cheapest options for young drivers, but specific rates are not provided.

Cheapest car insurance rates by Virginia city

The cheapest car insurance in Virginia is offered by State Farm, Erie, Virginia Farm Bureau, Travelers, and USAA. The average cost of car insurance in Virginia is $1,781 per year, or $148 per month, for full coverage, and $545 per year, or $45 per month, for minimum coverage. However, the cost of car insurance varies depending on factors such as age, location, driving record, and vehicle type.

According to a 2022 study, the cheapest car insurance rates in Virginia by city are as follows:

• Roanoke: $1,173 per year
• Lynchburg: $1,228 per year
• Alexandria: $1,406 per year
• Norfolk: $1,402 per year
• Richmond: $1,254 per year
• Chesapeake: $1,269 per year
• Newport News: $1,274 per year
• Hampton: $1,280 per year
• Portsmouth: $1,302 per year
• Fairfax: $1,316 per year

Frequently asked questions