The annual average cost of auto insurance in Norfolk is $816, $26 higher than the average premium in Virginia. The cheapest company in the city is Progressive, with an average rate of $525. MoneyGeek analyzed the most affordable options across various coverage levels and driving profiles. MoneyGeek also ranked the best companies in Norfolk based on affordability and quality of service.
Compare the Cheapest Car Insurance Quotes in Norfolk, VA
On average, the cheapest car insurance company in Norfolk for full and minimum coverage is Progressive, but this can change by coverage level and driver profile. Drivers with a speeding ticket can explore available policies in Erie. Overall, GEICO received the highest score by MoneyGeek’s standards as it balances affordability with quality service.
The Cheapest and Best Car Insurance in Norfolk
The Cheapest Car Insurance Companies in Norfolk
Based on average rates for a full coverage policy, the cheapest options in Norfolk are:
- Progressive: $525 per year
- Erie: $668 per year
Progressive’s rates are twice as cheap as MetLife’s, which has the most expensive coverage in Norfolk at $1,208 per year.
A full-coverage is an all-inclusive policy consisting of liability, collision, and comprehensive insurance. It covers both the driver at-fault and the other driver involved in the accident.
Cheapest Car Insurance in Norfolk
In conducting the analysis as described in MoneyGeek’s methodology, we based our calculations on a 40-year old male driver with a full coverage policy in Norfolk.
A full coverage car insurance policy ensures that a policyholder is fully covered even when they get into an accident with an uninsured motorist. Typically, full coverage is more expensive than a state minimum policy as it has added coverage aside from liability insurance, including:
- Collision Insurance: This pays for damages on your car when you get into an accident with another vehicle or a stationary object.
- Comprehensive Insurance: This coverage pays for non-collision damages such as glass damages, falling objects, civil disturbance, etc.
Drivers with an older vehicle may need to assess whether a full coverage policy is worth it. If the cost of car insurance is worth more than your car, a state minimum may be a better choice.
Cheapest Car Insurance in Norfolk for Minimum Coverage
Auto insurers in Norfolk and elsewhere calculate the cost of insurance based on several determining factors. One of the biggest factors is the amount of coverage you buy. For instance, a policy only meeting state minimums costs an average of $443 per year. Meanwhile, a full coverage policy costs $816 on average. That is a difference of $373.
Cheapest Minimum Liability Car Insurance in Norfolk
A state minimum policy is the cheapest option for drivers in Norfolk. It comes with basic liability coverage for bodily injuries and property damages that the policyholder has caused to another vehicle or person. However, since monthly premiums for a state minimum coverage are low, the coverage level tends to be low as well. While you will not pay as much as you would for full coverage, there is a risk of having to pay more out of pocket after an accident. For example, if bodily injury coverage in a state minimum policy in Norfolk pays up to $25,000 per person, any excess amount incurred in the medical bills will then be paid out-of-pocket.
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.
Cheapest Car Insurance in Norfolk if You Have Driving Violations
Driving habits have a direct impact on car insurance rates. If you have a bad driving record, such as a ticket or a DUI, car insurance companies consider you to be riskier to insure.
On average, the cheapest insurers for drivers with violations include:
- Cheapest after a ticket: Erie, $697 per year
- Cheapest after an at-fault accident: Erie, $877 per year
- Cheapest after a DUI: Progressive, $735 per year
Drivers with bad driving records can still negotiate for a lower rate if they improve their driving habits over time. In the interim, the only way to save is to look for insurance companies that offer cheap insurance costs after a ticket or other driving violation.
Cheapest Car Insurance in Norfolk With a Violation
Average Cost of Car Insurance in Norfolk
On average, the annual cost of car insurance in Norfolk is $816 per year, which is higher than the standard auto coverage rate in the state of Virginia but still lower than the national average cost. Policyholders who live in Norfolk pay about 3.3% more than the usual cost of auto coverage in Virginia, but they pay around 42.7% less than the $1,424 average annual premium in the United States.
Personalized Quotes to Get You the Cheapest Car Insurance in Norfolk
If you and your friend compared car insurance quotes, you may notice that the annual premiums offered to you are different. This is because auto insurance providers compute your rates depending on several individual factors, such as age, driving record, car make and model and coverage level, in addition to your location.
For example, in Norfolk, an 18-year-old driver getting auto coverage from Progressive will pay an average premium of $3,244 per year, which is six times more expensive than similar coverage for a 40-year-old driver.
Because promotions and discount offers vary by provider, you need to regularly get a personalized quote from several car insurance companies in Norfolk to check if you qualify for offers that can help save you money in the long run.
The Best Car Insurance Companies in Norfolk
MoneyGeek ranked the best auto insurers in Norfolk for drivers who value both affordability and high-quality service. The highest-scoring car insurance companies in the city 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 Norfolk 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’s scoring system includes J.D. Power’s user satisfaction, affordability and financial stability ratings.
Average Cost of Car Insurance by Postal Code
How much you pay for your auto coverage varies depending on your residential neighborhood. However, this isn’t really the case in Norfolk, as costs in this city barely vary at all by neighborhood. For example, drivers who live in the most expensive ZIP code for auto coverage, 23503, will pay about $16 more for their car insurance in Norfolk than drivers who live in ZIP code 23518.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Norfolk
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 Norfolk. How Norfolk 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 Norfolk 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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