Compare the Cheapest Car Insurance Quotes in Chesapeake, VA

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.

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Last Updated: 5/16/2022
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In Chesapeake, Progressive is the most affordable company on average for both full and minimum car insurance as well as drivers with speeding tickets. However, rates can change based on coverage levels and driving profiles. According to MoneyGeek, GEICO is the best insurer in the city as it balances affordability and service.

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The Cheapest and Best Car Insurance in Chesapeake

The Cheapest Car Insurance Companies in Chesapeake

On average, the most affordable companies in Chesapeake for a full coverage policy are:

  • Progressive: $503 per year
  • GEICO: $609 per year

Progressive’s car insurance is more than twice as cheap as MetLife, the most expensive in Chesapeake, at $1,168 per year on average. With a full coverage policy, drivers are covered with liability, comprehensive, and collision coverage.

Cheapest Car Insurance in Chesapeake
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    Progressive
    $503
  • 2.
    GEICO
    $609
  • 3.
    USAA
    $632
  • 4.
    Nationwide
    $651
  • 5.
    Erie
    $668
  • 6.
    State Farm
    $702
  • 7.
    Travelers
    $819
  • 8.
    Mercury
    $847
  • 9.
    Allstate
    $891
  • 10.
    MetLife
    $1,168

As described in our methodology, MoneyGeek used insurance rates in Chesapeake for a 40-year old male driver to calculate the averages.

A full coverage car insurance is typically more expensive than a basic or minimum policy. This is because apart from the liability insurance, which covers the damage and injuries caused by the driver at fault, there are added types of coverage that protect the driver at fault as well as their vehicle. These include:

  • Collision Insurance: Coverage that pays for collision damages and injuries.
  • Comprehensive Insurance: Coverage that pays for damages not caused by collision.

Older vehicle owners planning to buy full coverage should take into account whether the amount of their policy is worth more than the cost of their car. In these cases, it is ideally recommended to buy state minimum car insurance instead.

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Cheapest Car Insurance in Chesapeake for Minimum Coverage

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.

Cheapest Minimum Liability Car Insurance in Chesapeake
State Minimum

There are a few drawbacks when getting a state minimum policy. One of those is the limited coverage for damages and injuries. Though you are able to save by paying low monthly premiums, you should prepare yourself for paying out-of-pocket if expenses exceed your coverage amount.

As an example, if you damage someone else’s property, you are legally required to pay for the damages. The state-mandated property damages liability in Chesapeake is $10,000. Any amount that exceeds the limit will be paid out-of-pocket by the driver at-fault.

Virginia Minimum Liability Requirements

  • Item
    Description
  • 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.

Cheapest Car Insurance in Chesapeake if You Have Driving Violations

Drivers with bad records generally have more expensive rates than a typical driver. On average, the cheapest insurers by violation include:

  • Cheapest after a ticket: GEICO, $609 per year
  • Cheapest after an at-fault accident: State Farm, $833 per year
  • Cheapest after a DUI: Progressive, $704 per year

For bad drivers, the worse the violation, the higher the rates. But you can get better rates over time as you improve your record. In the meantime, drivers with violations should shop around for policies with cheap quotations after a ticket or an accident.

Cheapest Car Insurance in Chesapeake With a Violation
Speeding Ticket

Average Cost of Car Insurance in Chesapeake

Chesapeake$762
Virginia$790
U.S.$1,424

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.

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.

Compare Car Insurance Rates in Chesapeake

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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.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
GEICO
Score:92.5

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

3
Hartford
Score:87.5

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

4
State Farm
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

5
Travelers
Score:85

2/5

Affordability

5/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

6
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

7
Nationwide
Score:77.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

8
Farmers
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

9
CSAA
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

10
Allstate
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

11
Plymouth Rock Assurance
Score:72.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

12
Liberty Mutual
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

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 Code
    State Minimumper year
  • 23320
    $752
  • 23322
    $767
  • 23323
    $768

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.

accident2 icon
Most Accidents With Fatalities133rd/300
handcuffs2 icon
Most Car Thefts68th/300
uninsured icon
Most Uninsured Motorists by State34th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall57th/300
umbrella icon
Most Rainy Days82nd/300

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.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.