How Much Is Car Insurance in Virginia? (July 2024)

In Virginia, the annual average cost for a full coverage car insurance policy is roughly $1,081, while minimum coverage policies typically average around $526 annually. Car insurance premiums are complex and several factors can influence how much you pay.

A person's age, the level of coverage they choose and the area they live in all influence costs. Your driving record and credit history are important factors insurance companies look at when setting rates. Keeping a clean driving record and good credit can contribute to more affordable car insurance options.

Virginia's average full coverage car insurance cost is around $1,081 yearly. Knowing the average car insurance cost in Virginia can help when you begin comparing car insurance quotes.

Here's what you might pay for auto insurance in Virginia, from minimum coverage to full protection. Review these numbers to estimate your insurance budget.

Car insurance in Virginia is generally moderate compared to other states. The average annual premium for state minimum liability only insurance in Virginia is $526, which breaks down to about $44 per month. In comparison, the national average cost of car insurance at the state minimum liability is $526 annually or approximately $50 monthly, making Virginia's rates more affordable.

The moderate cost of car insurance in Virginia is due to factors such as a lower number of uninsured motorists, effective traffic enforcement, and lower risk of natural disasters, which all contribute to fewer claims that insurers need to pay out. Additionally, the relatively low incidents of car thefts and competitive insurance market in Virginia also help in keeping the insurance costs at a reasonable level. The state's well-maintained road conditions and the proactive traffic law enforcement may also play a role in maintaining affordable insurance premiums.

Car insurance premiums can differ greatly between companies, even within the same state. In Virginia, for example, Virginia Farm Bureau offers the most cost-effective full coverage option at around $743 annually, while Kemper stands on the pricier end with an average annual premium of $2,184.

Shopping around can lead to significant savings, so it's crucial to check out various providers to secure the cheapest car insurance in Virginia.

The cost of car insurance in Virginia is also determined by the selected coverage level. Virginia drivers can expect to pay around $44 monthly for minimum coverage, whereas full coverage costs about $90 monthly. It is recommended to opt for full coverage because it provides more comprehensive protection against a wide array of incidents.

Including comprehensive and collision coverage will understandably upsurge the insurance premium. However, selecting a higher deductible can offset the increased expense. It's worth noting that the deductible is a per-claim amount applicable to each comprehensive and collision coverage case.

In Virginia, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident, $20,000 for property damage per accident, and equal limits for uninsured/underinsured motorist coverage.

Your car insurance premiums can change just by where you live. The full coverage rate in Newport News is $994, while in Norfolk it jumps to $1,142.

In Virginia, factors like the number of uninsured drivers, local crime rates and traffic congestion can affect car insurance costs. Other considerations include state laws and the frequency of natural disasters.

Age does affect the cost of car insurance in Virginia, with younger drivers typically paying more. Drivers aged 22 to 29 face the highest rates, averaging $1,368 annually. Premiums generally decrease as they grow older, with those aged 30-59 paying about $1,081. The curve of car insurance premiums shows younger drivers pay the most, and rates drop around age 30, stabilizing as drivers mature, before inching up again after age 60 to an average of $1,094.

In Virginia, age and gender do play significant roles in determining car insurance rates. For instance, a 16-year-old male driver added to a family policy averages a high annual cost of $3,458, the steepest premium across all ages.

Teens under 18 usually cannot legally purchase their own car insurance without a guardian's co-signature. If a 16-year-old opts for an individual policy, the premium soars to $5,904.

The average annual cost for full coverage car insurance for a 2012 car model is $968, whereas a 2022 model averages $1,197. The increase in premium is due to higher actual cash value and repair costs for newer models, along with a greater risk of theft. Drivers of newer cars should opt for comprehensive and collision coverage, offering protection against a wider range of incidents.

In Virginia, your driving record plays a significant role in determining the average cost of car insurance.

• With a ticket: $1,472 per year; $123 per month
• With an at-fault accident: $1,666 per year; $139 per month
• With a DUI: $1,726 per year; $144 per month

Violations like tickets, at-fault accidents, and DUIs will increase your car insurance premiums. The more severe the violation, the more you'll pay, and this increase will continue as long as the violation stays on your record. The duration of how long a violation affects your premiums can vary; for example, in Virginia, a DUI can stay on your record for up to 5 years.

The table shows the average cost of minimum coverage or full coverage insurance in Virginia for various driving records, including by age group.

The average cost of car insurance in Virginia can substantially vary with credit scores ranging from as low as $780 for those with excellent credit to a high $1,535 for drivers with poor credit. Your credit score can significantly affect your car insurance rates in this state. Lower credit scores often lead to higher insurance premiums as insurers view those individuals as riskier to insure.

Understanding the average cost of car insurance in Virginia hinges on several key factors directly impacting premiums. Here are some factors of importance:

• Driving Record: A clean driving record can lead to more affordable plans, whereas traffic violations and accidents often result in higher car insurance rates.
• Age and Experience: Younger, less experienced drivers may face higher rates, as insurers view them as higher risk. Rates can decrease with age and a solid driving history.
• Credit Score: Insurers in Virginia consider credit scores when determining rates. Higher scores can contribute to lower premiums, reflecting a responsible financial history.
• Vehicle Type: The make, model and age of your vehicle affect insurance rates. High-performance or luxury vehicles often incur higher premiums compared to economy models.
• Location Within Virginia: Rates vary significantly across different areas. Urban regions with dense traffic tend to have higher insurance costs than rural areas.
• Coverage Level: Opting for state minimum coverage will be more affordable than a comprehensive plan. However, additional coverage options like collision insurance and comprehensive insurance provide broader protection.
• Annual Mileage: The amount you drive can influence your premium. Less time on the road generally means less risk and can lead to discounts.

Each of these factors is taken into account to calculate individual insurance premiums, which is why rates can vary so widely between drivers.

To secure affordable car insurance in Virginia, compare rates from various providers, opt for a higher deductible and fully use all applicable discounts to lower premiums.

Find concise explanations about car insurance rates and how you can find affordable coverage in Virginia.