The average cost of auto insurance in Chesapeake is $762 per year, $28 cheaper than the state average. For most drivers, Progressive has the most affordable rate, with an average of $503 per year. MoneyGeek also evaluated insurers in the city to find the cheapest by coverage level and driving history. For drivers focused on quality and cost, MoneyGeek ranked the best insurers in Chesapeake.
Compare the Cheapest Car Insurance Quotes in Chesapeake, VA
The Cheapest and Best Car Insurance in Chesapeake
The Cheapest Car Insurance Companies in Chesapeake
The most affordable companies in Chesapeake for a full coverage policy are:
- Progressive: $503 per year
- GEICO: $609 per year
MoneyGeek used insurance rates in Chesapeake for a male driver who is 40 years old. This driver has a full coverage policy with liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Chesapeake
In Chesapeake, the average car insurance rate is $762 per year, which is lower than both the state and national averages. Drivers living in Chesapeake pay 3.6% less than the usual annual cost of auto coverage in Virginia, and 46.5% less than the $1,424 average annual premium in the United States.
The Best Car Insurance Companies in Chesapeake
If you are a Chesapeake driver concerned about quality service and affordability, MoneyGeek ranked the best companies in the city. Based on MoneyGeek’s scoring system, the best options for most drivers are:
- GEICO: MoneyGeek score of 93 out of 100
- Hartford: MoneyGeek score of 88 out of 100
USAA received the highest score in Chesapeake by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek evaluated various factors, such as J.D. Power’s user satisfaction, affordability and financial stability ratings, to calculate scores out of 100.
Personalized Quotes to Get You the Cheapest Car Insurance in Chesapeake
Car insurance companies in Chesapeake give you personalized auto insurance quotes according to your personal risks as a driver. In addition to your location, your age, driving record, coverage level and make and model of your vehicle are considered.
For instance, in Chesapeake, a 70-year old male driver will pay $691 annually for his State Farm policy, which is nearly three times less expensive than similar coverage with the same company for an 18-year-old driver.
Since your premiums are affected by your personal circumstances, it’s best that you frequently obtain personalized quotes from at least three auto insurance providers in the city to check if you qualify for discounts or promotions.
Shopping around for car insurance in Chesapeake could save you $259, which is enough to buy:
Cheapest Car Insurance in Chesapeake by Coverage Amount
One of the most significant factors affecting auto insurance premiums in Chesapeake and elsewhere is how much coverage you buy. For a standard policy that only meets state minimums, the average cost is $419 per year. Adding $343 can get you a full coverage policy, which costs $762 on average.
Virginia Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $20,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person, $50,000 per incident and $20,000 for property damage. The minimum coverage may not be enough if you're in a serious accident.
Car insurance companies in Chesapeake provide specified limits for each level of coverage. For example, Progressive offers both 50/100/50 liability-only plans and 50/100/50 full-coverage plans, with a minimal premium difference of $96 between the two levels of coverage.
Getting the 50/100/50 liability-only plan means the maximum amount your auto coverage will pay for an injury to one individual is $50,000, up to $100,000 for each vehicle, with maximum coverage of $50,000 for property damage repair, but this coverage is limited to the other driver’s expenses.
Since the premium differences may vary depending on the auto insurance provider and on your personal needs, you should obtain personalized quotes to find out exactly how much you need to pay for your chosen level of coverage.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Chesapeake if You Have Driving Violations
More affordable car insurance rates in Chesapeake are accessible to you if you have a clean driving record because insurance providers evaluate your risks as a driver and adjust the premiums they offer based on their evaluation. To illustrate, drivers with a clean driving record will pay $138 less for their Nationwide auto coverage than drivers with a speeding ticket on their record.
Additionally, having a DUI on your record may spike your insurance premiums, as GEICO coverage for a driver with a clean record costs $609 annually, while drivers with a DUI will pay $914 more for similar coverage.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Several factors such as cost of living and the number of car-related incidents in your specific residential neighborhood can also have a very slight effect on your car insurance rates in Chesapeake, Virginia. In this city, policyholders who reside in ZIP code 23320 pay about $16 less for auto coverage than policyholders living in ZIP code 23323.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Chesapeake
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Chesapeake. How Chesapeake ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Chesapeake are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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