Cheapest Minimum Coverage Car Insurance In Virginia For 20
Drivers in Virginia who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:
Alfa: $568 per year, or about $47 per month.
Travelers: $586 per year, or about $49 per month.
Geico: $666 per year, or about $56 per month.
Erie: $671 per year, or about $56 per month.
State Farm: $812 per year, or about $68 per month.
Car Insurance Discounts In Virginia
Depending on your insurance company, there may be auto insurance discounts to consider in Virginia. In general, the more of these you can qualify for, the more you can save on premiums. However, not all drivers will be eligible for all discounts, and eligibility requirements and discounts offered can vary between insurers.
- Young driver discounts: Discounts designed for young drivers may be offered, including good student discounts, distant student discounts and drivers training discounts.
- Safe driver discounts: Insurers often offer discounts tailored to drivers that have demonstrated safe driving patterns and habits. These discounts can be in the form of a usage-based telematics discount, where driving behaviors are monitored through a mobile app or plug-in device to earn a discount, a claims-free discount or a discount for having specialized safety features on your vehicle.
- Other discounts: Many insurers offer other forms of discounts, such as low-mileage, multi-car, policy building, paperless billing and paid-in-full discounts to help reduce insurance costs.
Factors That Can Impact Your Car Insurance Rates In Virginia
In addition to selecting the coverages, limits and deductibles that’s right for you, these factors could also affect your car insurance rates in Virginia:
- The type of car you’re insuring
- Your driving habits and annual mileage
- Demographic factors, like zip code
- Any discounts you may qualify for
Learn more about these factors that could impact your car insurance premium.
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Delaney Simchuk Car Insurance Writer
Virginia requires drivers to carry bodily injury liability insurance and property damage liability insurance to pay for others medical expenses and repairs to others property after an accident. However, drivers in Virginia may opt out of carrying car insurance if they pay a $500 fee with the state department of motor vehicles every time you renew your vehicle registration..
How To Find The Best Car Insurance In Virginia In For You
While looking for the best car insurance company in Virginia, research providers that balance cost, customer service and financial stability. While MoneyGeek has conducted research on the matter, each driver should contact multiple companies to compare quotes for their specific needs.
Research Customer Service Reputations in Virginia
MoneyGeek has collected information about customer service records of different companies in Virginia. However, you can also look up J.D. Power satisfaction scores and the NAIC complaint ratios in the state for insurers you want to research. The Virginia Insurance Department website also offers resources for more information.
Compare Quotes for Yourself
MoneyGeek has collected average insurance quotes for a sample driver across many locations in the state but not every location. You should get at least three quotes by yourself and then compare them to get an idea of how much insurance costs in your state.
Make Sure the Company Has the Coverage You Want in Virginia
Sometimes insurance companies advertise certain offers and discounts which may not be available in every state. Always confirm with insurance companies if they offer what youre looking for.
Double-Check Financial Stability Ratings
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Cheapest Auto Insurance In Virginia For 60
Drivers with poor credit in Virginia can look at the following companies with the lowest average rates for full coverage:
Nationwide: $958 per year, or about $80 per month.
Geico: $1,082 per year, or about $90 per month.
Virginia Farm Bureau: $1,483 per year, or about $124 per month.
Mercury: $1,486 per year, or about $124 per month.
Travelers: $1,567 per year, or about $131 per month.
Virginia Auto Insurance Requirements
Virginia does not require drivers to carry car insurance. Instead, you can pay a $600 fee to the Department of Motor Vehicles , known as the Uninsured Motor Vehicle Fee. Paying this fee allows you to drive legally on Virginia roads for 12 months without any insurance.
If you do purchase insurance, your policy must meet the following minimum liability requirements:
| Bodily injury liability | $30,000 per person/$60,000 per accident |
| Property damage liability | $20,000 per accident |
We strongly urge all Virginia drivers to purchase at least the minimum amount of liability insurance, and we recommend adding higher liability limits and collision and comprehensive insurance as well.
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Virginia Car Insurance Overview
When it comes to car insurance, Virginia is a fault state. In fault states, the driver responsible for the auto accident is financially liable for the medical expenses, lost wages, property damage and other accident-related bills incurred by the other driver, pedestrian or cyclist.
In Virginia, the statute of limitations for filing a personal injury lawsuit resulting from a car accident is two years from the date of the incident. For property damage, the statute of limitations is five years. Claims brought after that date cannot go forward in court. If a person dies from the injuries sustained in an auto accident, the personal representative of the estate may file a wrongful death lawsuit within two years of the death date, not the accident date.
Common Types Of Auto Insurance
- Liability coverage for bodily injury and property damage
- Uninsured and underinsured motorist coverage in case youre hit by someone who doesnt have any or enough car insurance.
- Comprehensive coverage protects your car from other types of damage such as theft, hail, or vandalism.
- Collision coverage to help you repair or replace your vehicle if the accident or damage is your fault.
- Medical payments coverage will help with healthcare costs related to injuries sustained from an accident.
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Best Car Insurance In Virginia
WalletHub makes it easy to find the best car insurance companies in Virginia.
Information on this page is provided ‘as is’ and solely for informational purposes, not for any other purpose or advice. In addition, this information does not originate from us and thus, we do not guarantee its accuracy.
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Regardless of advertiser status, none of the information displayed on WalletHub constitutes a referral or endorsement by WalletHub of the respective company or professional, or vice versa. Furthermore, it is important to note that the inclusion of a company or professional on WalletHub does not necessarily indicate their involvement with the site or control over the information that we display. Information is displayed first and foremost for the benefit of consumers.
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Cheapest Auto Insurance In Virginia For 20
Drivers with poor credit in Virginia should look at the following insurers with the lowest average rates for minimum coverage:
Geico: $736 per year, or about $61 per month.
Travelers: $921 per year, or about $77 per month.
Virginia Farm Bureau: $1,264 per year, or about $105 per month.
Allstate: $1,273 per year, or about $106 per month.
Erie: $1,450 per year, or about $121 per month.
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Protect Your Vehicle With Physical Damage Coverages
If you’re leasing or financing a vehicle, most lenders mandate that you carry collision and other than collision coverage. Also, if your vehicle holds some value, it may be wise to add them. Collision and other than collision can pay to repair or replace your car if it’s in an accident, is stolen, or is otherwise damaged as a result of a covered incident.
The Progressive Snapshot® discount program personalizes your rate based on your driving habits. The safer you drive, the more you could save. See more on Snapshot.
Cheapest Full Coverage Car Insurance In Virginia For 50
Drivers in Virginia with clean driving records may want to get quotes from these insurers, which had the lowest average rates:
Nationwide: $741 per year, or about $62 per month.
Alfa: $859 per year, or about $72 per month.
Erie: $914 per year, or about $76 per month.
Virginia Farm Bureau: $923 per year, or about $77 per month.
Travelers: $937 per year, or about $78 per month.
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Virginia’s Rules On Electronic Proof Of Insurance
If you are stopped by the police and asked to show proof of insurance, you may wonder if you need to find a paper copy of your insurance card, or if you can use an electronic version. In Virginia, you are allowed to show an electronic copy of your insurance card on your mobile device.
You can use the Allstate Mobile App for iPhone® and Android® to access a digital ID card.
How To Get Cheap Car Insurance In Virginia
Finding cheap insurance doesnt have to be complicated. Here are some easy tips for finding affordable rates:
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Ask about discounts. Most companies offer discounted rates for safe drivers, good students, military families, seniors, and more.
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Bundle policies. Get your auto insurance from the same company that insures your home, boat or motorcycle and youll save on all your coverage.
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Shop around. Just because one company charges more to drivers with poor credit doesnt mean they all will. Find the company that offers you the most affordable coverage.
Find car insurance in your city:
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Consider Minimum Insurance Requirements In Virginia
Before deciding how much coverage you might want or need, you may want to know how much the state requires. Virginia laws require all drivers to maintain at least minimum amounts of bodily injury liability and property damage liability, unless vehicle owners pay a $500 uninsured motorist fee to drive without insurance for a year. Insurance companies must offer you uninsured motorist coverage and underinsured motorist coverage, although you can decline these options in writing. Specific limits and requirements can be found on the Virginia DMV website. The minimum requirements coverage limits were increased in Virginia as of Jan. 1, 2022 for new policies and renewals, the first adjustment since 1975.
Cheapest Car Insurance After An Accident: Farm Bureau
Farm Bureau has the cheapest auto insurance for Virginia drivers with an at-fault accident on their record. It costs $914 for a full coverage policyâ 53% cheaper than the state average of $1,955. In fact, the company charges the same rate before and after the accident.
In Virginia, auto insurance premiums increase by 45% after an accident, on average.
| Company |
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*USAA is only available to current and former military members and their families.
Drivers with poor credit are more likely to file a claim than those with average credit, and insurers usually raise rates to account for this risk. On average, rates for Virginia drivers with poor credit are 44% higher than rates for drivers with average credit.
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Cheapest Car Insurance For Teen Drivers After A Ticket: Geico
The best quotes for young Virginia drivers with a recent speeding ticket come from Geico. A minimum coverage policy costs $1,072, which is $851 cheaper than the state average.
| Company |
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| A++ |
USAA is only available to current and former military members and their families.
All of the companies we analyzed received a financial strength rating of A or better from AM Best, indicating an “Excellent” or “Superior” ability to pay out claims.
Our editor’s rating is determined by analyzing the policy coverages each company offers, its customer satisfaction scores and its rates in relation to its competitors.
J.D. Power commissions an annual survey for car insurance customers regarding how satisfied they are with a company’s claims service â a perfect score is 1,000.
Cheapest Full Coverage Car Insurance In Virginia For 30
Drivers in Virginia with clean driving records may get the lowest rates from these companies:
Nationwide: $829 per year, or about $69 per month.
Virginia Farm Bureau: $991 per year, or about $83 per month.
Erie: $1,035 per year, or about $86 per month.
Travelers: $1,079 per year, or about $90 per month.
State Farm: $1,101 per year, or about $92 per month.
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Can I Get Cheaper Car Insurance In Virginia Through Discounts
Progressive offers a range of terrific discounts to help lower the cost of auto insurance in Virginia, including:
- Multi-policy
- Teen driver
- Paperless
Save even more all while protecting your most valuable assets by bundling your home and auto insurance.
See all auto insurance discounts.
Pro tip:
Save when you bundle! Bundling your home and auto insurance policies with Progressive could make your auto insurance cheaper new customers who bundle home and auto save over 20% on average.*
Virginia Car Insurance Penalties
Driving without car insurance can be a major problem if youre caught by the authorities. Every driver is required to have a certain amount of minimum coverage if they plan on driving a motor vehicle in the great state of Virginia. If you fail to meet the minimum requirements for Virginia, it may result in the following penalties and fines:
- A $500 fee in addition to the cost of license and registration reinstatement
- Suspension of your drivers license, registration, and license plates
- A three-year requirement to file an SR-22 yearly to maintain your license, once its been reinstated
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Virginia Car Insurance Discounts
It’s possible to get quality coverage at a lower rate than you might think. When you get a quote for Virginia auto insurance from Allstate, you may be eligible for discounts that could help you save. Some available discounts can include:
- Multiple policy / bundling discount
- Responsible payer discount
- Smart student discount
Review the different types of car insurance discounts tailored to you and enjoy savings without cutting coverage.
Cheap Car Insurance For Drivers With Dui In Virginia
Insurance rates increase for at least several years after a driver is charged with a DUI, and the individual becomes responsible for other fees and filings before getting back on the road. To simplify the overwhelming nature of this process, Insurify has compiled a list of Virginia insurance companies with the most cost-effective rates for drivers with a DUI.
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See More:SR-22 Insurance Virginia
SR-22 Insurance in Virginia
The completion of an SR-22 insurance certification ensures that an individual whose drivers license was suspended meets the states requirements for auto insurance before legally driving again. The following insurance companies offer this SR-22 certification process for Virginia drivers.
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Best Car Insurance In Virginia For Young Drivers And Students
The best car insurance companies for young drivers and students in Virginia are:
- Progressive: MoneyGeek score of 4.2 out of 5
- Nationwide: MoneyGeek score of 3.4 out of 5
These companies were scored based on the cost of their policies and customer service records. Younger drivers lack experience, causing insurers to consider them riskier to insure, which makes finding a low-cost policy difficult.
Virginia Vehicle Registration Fees And Other Costs
Buying a new or used car requires you to spend more money than the sticker price. If youre buying a new vehicle, you need to be prepared to pay registration fees along with other costs. Lets take a look at some of the extra budget considerations you need to make.
Youll also be on the hook for basic DMV fees like title, license plate, and registration fees no matter where and how you purchase your new car, truck, or SUV, as well as buying a new car insurance policy for your car.
Some buyers will find themselves responsible for additional fees such as sales tax, documentation fees, personal property tax, emissions and inspection fees, hybrid and electric vehicle fees, lien recording fees, and a slew of other costs.
If youre interested in learning more about the costs associated with car ownership, check out Compare.coms comprehensive vehicle costs breakdown to make sure you account for all the added fees you might be on the hook for when buying a car in Virginia.
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How To Get Cheaper Car Insurance In Virginia
Multiple factors affect the cost of car insurance. Some things you cant control, but you do have a say in most of the contributing factors. Driving safely, obeying traffic laws, and keeping a clean driving record are the best ways to keep your insurance costs down.
Other than that, the best way to lower your car insurance costs is to compare rates from at least three insurance companies. Ideally, you should check your rates every 6-12 months, when you renew your policy. But at a minimum, be sure to check your record and shop for rates every three to five years, since you may be able to get a lower rate if a traffic violation falls off your record.
In Virginia, the most expensive policies cost roughly $1,256, and the least expensive coverage costs around $396, when all driver profile information is the same. That means you could save as much as $860 simply by shopping around. Be sure to confirm youre getting all the discounts youre eligible for, too.
What is the penalty for driving without insurance in Virginia?
Purchasing Virginias minimum liability car insurance coverage is the easiest way to satisfy the financial responsibility requirement. Drivers in Virginia pay an average of $660 per year to maintain the minimum amount of coverage. Thats nothing compared to the consequences of driving without insurance, especially if you get into an accident.