Low cost Virginia Auto Insurance 2021 – MarketWatch

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Fortunately, auto insurance in Virginia isn't as expensive as auto insurance in many other states. However, that doesn't mean that you should go for every provider. In this article, we cover the cheapest auto insurance in Virginia and how to get coverage.

  • Cheapest Auto Insurance in Virginia

  • 5 auto insurance options in Virginia

  • Vehicle Insurance Requirements in Virginia

  • How to Get Auto Insurance in Virginia

  • frequently asked Questions

  • Our methodology

Cheapest Auto Insurance in Virginia

Based on our rate estimates, USAA is typically the cheapest auto insurance in Virginia with an average cost of $ 782 per year for full coverage. Good drivers can also find cheap rates at Erie Insurance, Progressive, Nationwide, State Farm, and a few others.

Car insurance company

Estimated annual cost*

USAA

$ 782

Erie insurance

$ 885

Progressive

$ 913

Nationwide

$ 928

District farm

$ 1,014

Geico

$ 1,015

Virginia Farm Bureau

$ 1,083

Average cost of auto insurance in Virginia

According to the National Association of Insurance Commissioners (NAIC), Virginia drivers paid an average of $ 854 for auto insurance in 2018. This price includes both the fully comprehensive and the minimum insurance policy.

So how does that compare to the rest of the country? Virginia's average was about 19% below the national average of $ 1,057 in 2018. It was ranked 35th nationwide for auto insurance costs. Overall, drivers in Virginia will see cheaper rates than drivers in many other states.

Cheapest Auto Insurance in Virginia for Young Drivers

Your age has a huge impact on the auto insurance rates you pay. We estimate that Geico jumps to the top of the list of cheap auto insurance in Virginia for young drivers.

Car insurance company

Estimated annual cost*

Geico

$ 1,117

USAA

$ 1,144

Erie insurance

$ 1,197

District farm

$ 1,397

Nationwide

$ 1,402

Cheapest auto insurance in Virginia for drivers with a parking ticket

In Virginia, USAA, Erie Insurance and State Farm all offer low rates for drivers with parking tickets, although USAA is the cheapest, averaging $ 948.

Car insurance company

Estimated annual cost*

USAA

$ 948

Erie insurance

$ 1,012

District farm

$ 1,112

Nationwide

$ 1,237

Progressive

$ 1,238

Cheapest auto insurance in Virginia for drivers with a recent accident

A recent car accident increases your Virginia auto insurance rates, but how much varies by company. USAA is usually the cheapest option in Virginia, and State Farm is very affordable for anyone who does not qualify for USAA.

Car insurance company

Estimated annual cost*

USAA

$ 1,144

District farm

$ 1,209

Erie insurance

$ 1,271

Progressive

$ 1,468

Virginia Farm Bureau

$ 1,469

Cheapest auto insurance in Virginia for bad credit drivers

Bad credit, we estimate, can increase your Virginia auto insurance rates by approximately 65%. Believe it or not, bad credit has less of an impact on auto insurance in Virginia than it does in many other states. Some drivers in other states may pay more than double for bad credit.

When you look at the providers, Nationwide, USAA, and Progressive can be decent options for affordable auto insurance in Virginia for those with poor credit ratings.

Car insurance company

Estimated annual cost*

Nationwide

$ 1,284

USAA

$ 1,359

Progressive

$ 1,497

Geico

$ 1,538

Virginia Farm Bureau

$ 1,733

5 auto insurance options in Virginia

Our team looked beyond costs to evaluate factors such as coverage options, customer experience, reputation, and claims handling. Here's how we rated five auto insurance companies in Virginia.

Auto Insurance in Virginia

Overall rating

Coverage Rating

Cost evaluation

1. USAA

9.1

8.5

9.5

2. Erie Insurance

7.5

8.0

9.0

3. Geico

9.1

8.5

8.5

4th Progressive

9.0

9.0

8.5

5. State farm

8.6

8.5

8.0

(Our research team takes national factors into account when evaluating providers. The ranking of providers in this table is specific to Virginia auto insurance.)

1. USAA

According to our research, USAA offers the cheapest rates for many types of drivers and offers a variety of coverage options. You qualify if you are a military service, veteran, or immediate family member.

USAA offers standard coverage as well as extras such as classic car insurance, accident compensation, auto replacement assistance and ridesharing insurance. The company's usage-based program, SafePilotTM, is also available in Virginia.

USAA does well in many industry studies, including:

2. Erie Insurance

Our research shows that Erie Insurance offers affordable insurance coverage in Virginia too. Erie offers a variety of coverage extras including:

  • New car replacement

  • Rental car insurance

  • Roadside assistance

  • Erie Rate Lock®

  • Forgiveness of accidents

What Erie lacks compared to large insurance companies is a usage-based option. So if you are counting on such a program to save you money, you will have to look elsewhere.

In general, Erie has solid customer service ratings. The company has an A + rating of BBB. It also took second place in the J.D. Power Auto Insurance Study for the Mid-Atlantic Region.

Erie insurance professionals

Disadvantages of Erie Insurance

A + financial strength rating from AM Best

No usage-based insurance

A + BBB rating

Good range of additional coverage options

3. Geico

Geico insurance offers many types of coverage including:

  • Mechanical breakdown insurance

  • Classic car cover

  • Rent Refund

  • Roadside assistance

  • Carpool insurance

Geico also offers a usage-based program called DriveEasy that you can get in Virginia.

Geico has an A + rating from BBB, along with an A ++ financial rating from AM Best. However, the company has average ratings in the J.D. Power Auto Insurance Study, the J.D. Power Insurance Shopping Study and the J.D. Power Auto Claims Satisfaction Study. Geico has not yet responded to requests for comment on these results.

Geico professionals

Geico cons

A + BBB rating

Average customer experience

A ++ financial strength rating from AM Best

Wide range of coverage and additional options

4. Progressive

According to our cost estimates, Progressive is the third cheapest auto insurance in Virginia. It's also an affordable option for drivers with poor credit ratings. When you shop on Progressive's website, you can use the price comparison tool to compare multiple vendors at the same time.

When shopping, use the Name Your Price® tool to see plans that fit your ideal budget. When it comes to coverage options, Progressive Insurance offers all of the standard options as well as extras such as ride-sharing insurance, gap insurance, breakdown assistance, special parts value and rental refunds. Progressive's usage-based Snapshot® program is also available in Virginia.

Progressive has not yet responded to a request for comment on its underperforming J.D. Power values ​​answered.

5. State farm

Our cost estimates show that State Farm is an affordable auto insurance provider in Virginia, especially for drivers who have a parking ticket or an accident. State Farm can also be affordable for college students as it offers the best student discount in the business. With the discount, good students under the age of 25 can save up to 25% on their policies.

State Farm's additional coverage options include:

  • Ridesharing coverage

  • Roadside assistance

  • Car rental and travel expense accounting

  • Classic car insurance

  • Drive Safe & SaveTM usage-based insurance

State Farm is the largest auto insurance company in the country. State Farm wrote over $ 40 billion in rewards in 2020, according to NAIC. State Farm is not rated BBB, but has an A ++ financial strength rating from AM Best. The company scored in all three subsequent J.D. Power studies above average from:

  • J.D. Power auto insurance study

  • J.D. Power Insurance Shopping Study

  • J.D. Power Auto Damage Satisfaction Study

State farm professionals

State farm cons

A ++ financial strength rating from AM Best

Not rated by the BBB

Good grades for J.D. Power studies

Not always the cheapest option

Usage-based option in Virginia

Vehicle Insurance Requirements in Virginia

Each state has its own financial responsibility laws that dictate auto insurance requirements. According to the Virginia DMV, drivers in the state must purchase vehicle liability insurance with the following minimum levels of coverage:

  • $ 25,000 liability per person

  • $ 50,000 liability per accident

  • $ 20,000 property damage liability per accident

Note that the state minimum liability insurance only pays other parties in the event of accidents that you have caused. You can add comprehensive coverage and collision insurance to pay for any damage to your vehicle. Uninsured motorist insurance will help if someone without insurance has an accident, and medical payments (MedPay) can cover your hospital bills.

If you are not driving your vehicle, you can pay an uninsured vehicle fee of $ 500, which allows you to own an uninsured vehicle for up to a year before renewing the fee. However, this is not insurance.

If you are caught driving without insurance, your registration will be suspended and you will have to pay for the reinstatement. You will also need to file an SR-22, which will add significantly to the cost of insurance over the next several years.

How to Get Auto Insurance in Virginia

As a driver in the state of Virginia, you can take advantage of some of the most affordable auto insurance rates in the country. We recommend USAA as the cheapest provider in the state with high quality coverage options.

Compare providers to find the best auto insurance for you. You can always look around and compare car insurance quotes if your policy needs to be renewed to make sure you are getting the best rate.

frequently asked Questions

What is the cheapest auto insurance in Virginia?

Based on our rate estimates, USAA typically offers the cheapest auto insurance in Virginia, with annual rates of around $ 782 for full insurance. Erie Insurance, Progressive, and Nationwide also offer affordable insurance coverage – typically under $ 1,000 per year.

How much does car insurance cost in Virginia?

Virginia drivers pay about $ 854 a year for auto insurance, according to NAIC. In our own rate estimates, we found prices between $ 782 and $ 1,083 and more for fully comprehensive insurance.

Is Auto Insurance Mandatory in Virginia?

Yes, you must get auto insurance anytime in Virginia. As a driver, you must have a liability limit of $ 25,000 / $ 50,000 per person per accident and property damage coverage of $ 20,000. If you don't drive your vehicle at all, you will still have to pay an uninsured vehicle fee of $ 500 per year.

Our methodology

We have created a rating system to formulate our auto insurance company rankings. We collected data from dozens of auto insurance providers to rank the companies on a variety of ranking factors. The end result was an overall rating for each provider.

Our ratings take the following factors into account:

  • call: Our research team considered market share, industry expert reviews, and years in business in awarding this rating.

  • Availability: Auto insurance companies with greater government availability and fewer licensing requirements performed best in this category.

  • cover: Companies that offer a variety of insurance options are more likely to meet consumer needs.

  • costs: Auto insurance rate estimates and discount opportunities generated by Quadrant Information Services were both considered.

  • Customer experience: This rating is based on the volume of complaints reported by NAIC and J.D. Power reported customer satisfaction ratings. We also considered the responsiveness, friendliness and helpfulness of each insurance company's customer service team based on our own buyer analysis.

* Data correct at the time of publication.

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