Average Cost of Car Insurance in Virginia (2022 Rates) | Bankrate

This contented is powered by HomeInsurance.com, a accredited policy manufacturer ( NPN : 8781838 ) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states were it is licensed and indemnity coverage through HomeInsurance.com may not be available in all states. All policy products are governed by the terms in the applicable insurance policy, and all relate decisions ( such as approval for coverage, premiums, commissions and fees ) and policy obligations are the sole province of the underwrite insurance company. The data on this web site does not modify any indemnity policy terms in any way. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsor products and, services, or by you clicking on certain links posted on our site. consequently, this recompense may impact how, where and in what order products appear within listing categories. other factors, such as our own proprietorship web site rules and whether a product is offered in your sphere or at your self-selected credit rating score range can besides impact how and where products appear on this web site. While we strive to provide a wide scope offers, Bankrate does not include information about every fiscal or credit product or service. We ’ re crystalline about how we are able to bring quality content, competitive rates, and utilitarian tools to you by explaining how we make money. Bankrate follows a stern editorial policy, so you can trust that our content is dependable and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. The subject created by our column staff is objective, actual, and not influenced by our advertisers.

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the adept advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the lector. Our finish is to give you the best advice to help you make smart personal finance decisions. We follow rigorous guidelines to ensure that our editorial content is not influenced by advertisers. Our column team receives no lead compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We prize your trust. Our mission is to provide readers with accurate and indifferent information, and we have editorial standards in invest to ensure that happens. Our editors and reporters thoroughly fact-check column contentedness to ensure the information you ’ ra reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our column team does not receive send compensation from our advertisers. Bankrate follows a stern column policy, so you can trust that we ’ re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the proper fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ re putting accuracy inaugural. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — monetary value, customer serve, policy features and savings opportunities — so you can feel confident about which provider is right for you. Bankrate follows a rigid column policy, so you can trust that we ’ re putting your interests first. All of our contentedness is authored by highly modify professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your trust. Founded in 1976, Bankrate has a retentive track record of helping people make ache fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take next. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This message is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. The average cost of car insurance in Virginia is $ 1,304 per class for fully coverage and $ 441 per year for minimum coverage. Although car policy rates in Virginia are already lower than some adjacent states, you may be able to find a lower price from one of the cheapest car companies in Virginia. Knowing what factors affect your premium could help you feel more in control of your policy costs .

How much does car insurance cost in Virginia?

car indemnity in Virginia costs, on average, $ 1,304 per class for broad coverage and $ 441 per year for minimum coverage. Drivers in Virginia yield less for cable car insurance than the national annual average of $ 1,674 for fully coverage and $ 565 for minimal coverage.

however, there are several factors that affect your car policy rates. The area you live in, your age, driving history and the cable car insurance ship’s company you choose all play an important part in car policy rates in Virginia .

Virginia car insurance rates by company

Bankrate collected premium data from Quadrant Information Services for indemnity companies in Virginia. Because each company has its own rat algorithm, prices vary for the like coverage :

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Alfa $331 $1,043
Allstate $466 $1,421
Cincinnati Insurance $475 $1,584
Donegal $379 $1,203
Electric 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
Nationwide $357 $770
Progressive $364 $945
State Farm $331 $993
Travelers $361 $910
USAA $294 $890
Virginia Farm Bureau $366 $984

Virginia car insurance rates by city

even within a state, car policy premiums can vary greatly. The board below shows the 20 largest cities in Virginia by population and how their average premiums stack up against the state average. Every city and evening every slide fastener code has its own unique fructify of denounce factors, like the likelihood of accidents, that affects its premiums .

City Average annual premium for full coverage % difference from state average annual premium
Virginia Beach $1,378 6%
Richmond $1,384 6%
Norfolk $1,499 15%
Chesapeake $1,357 4%
Arlington $1,314 1%
Newport News $1,366 5%
Fredericksburg $1,286 -1%
Alexandria $1,398 7%
Hampton $1,377 6%
Roanoke $1,185 -9%
Portsmouth $1,446 11%
Charlottesville $1,265 -3%
Lynchburg $1,224 -6%
Suffolk $1,339 3%
Williamsburg $1,196 -8%
Centreville $1,359 4%
Stafford $1,296 -1%
Winchester $1,162 -11%
Harrisonburg $1,097 -16%
Dale City $1,377 6%

Virginia car insurance rates by age

As is the casing in most states, younger drivers tend to pay more for car insurance in Virginia than older drivers. This is probable due to the inexperience of young drivers. Teen drivers face the most expensive premiums in part ascribable to the number of accidents and traffic-related fatalities for their senesce range. *16-year-old added to their parents ’ policy

Virginia car insurance rates by driving record

dependable drivers typically get the brassy car indemnity rates. This is because, if you have accidents and tickets on your force record, indemnity companies normally view you as more likely to cause an accident in the future. If you have a DUI on your record, you could be facing car indemnity premiums that are over doubly angstrom high as the express average .

Driving incident Average annual full coverage premium in Virginia % increase in average annual premium
Speeding ticket $1,634 25%
Accident $1,891 45%
DUI $2,705 107%

How to save on car insurance in Virginia

Although car indemnity premiums in Virginia are lower the national average, you might be able to save by :

  • Periodically comparing your current rate: Getting quotes from several car insurance companies could help you to find a lower premium for the same coverage. If you find a new company, you could switch your insurance to the cheaper provider.
  • Signing up for telematics: Some insurance companies have programs that track your driving habits and discount your premium based on the data received. If you are a safe driver, you could earn a discount.
  • Bundling coverage: If you buy home or renters insurance with your auto policy, you could get a discount on both.
  • Checking with your employer: Some companies have special affiliation discounts with select insurance providers that could earn you a discount on your car insurance.

Every company has its own hardening of discounts, so talking to your agent might be the best way to identify opportunities to save .

Frequently asked questions

How much is car insurance in Virginia per month?

Based on Bankrate ’ s findings of the average cost of car indemnity in Virginia, minimum car indemnity is about $ 36.75 per month and full coverage averages about $ 108.67 per month. Your price will vary based on your alone rate factors .

Do I need full coverage car insurance in Virginia?

If you finance your vehicle with a lease or lend, you will probably be required to have wax coverage car insurance by the dealer or lender. If you do not have a loan and you opt for indebtedness merely coverage, you will be creditworthy for your fomite ’ mho repairs or surrogate out of pocket .

What is the difference between liability only and full coverage?

Liability-only coverage covers you for wrong that you cause to others, including their injuries and property damage. Full coverage includes comprehensive and collision indemnity, which provide coverage for damages to your own vehicle .

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, good credit and the follow full coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state ’ south requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes. Age: Rates were calculated by evaluating our base profile with the ages 18-60 ( basal : 40 years ) applied. Incident: Rates were calculated by evaluating our al-qaeda profile with the follow incidents applied : blank record ( base ), at-fault accident, one accelerate tag, single DUI conviction and lapse in coverage .

Leave a Reply

Your email address will not be published.