Cheapest Car Insurance in Virginia (June 2024)


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Updated: June 14, 2024

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Virginia Farm Bureau is overall the cheapest car insurance company in Virginia. MoneyGeek's research shows that Auto-Owners and Nationwide and also offer the cheapest rates for certain types of drivers.

The best car insurance companies in Virginia provide a balance of quality customer service and affordability.

Why Trust MoneyGeek? The insurance rates included in this study are based on the latest data from the Virginia Bureau of Insurance and Quadrant Information Services.

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These rates reflect the cheapest car insurance quotes in Virginia as of June 2024.

68,805Quotes Analyzed
 
15Companies Compared
 
87ZIP Codes

Cheapest Minimum Liability Car Insurance in Virginia (June 2024)

The cheapest car insurance companies for a minimum coverage policy in Virginia are:

  • Virginia Farm Bureau: $310 per year
  • American Family: $343 per year

Kemper offers the most expensive minimum coverage in Virginia, charging an average of $1,184 per year. In Virginia, a minimum coverage policy only includes bodily injury liability, property damage liability and uninsured motorist coverage.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
Virginia Farm BureauAnnual Premium$310Monthly Premium$26
American FamilyAnnual Premium$343Monthly Premium$29
MercuryAnnual Premium$387Monthly Premium$32
TravelersAnnual Premium$392Monthly Premium$33
ErieAnnual Premium$394Monthly Premium$33
Auto-Owners Insurance CoAnnual Premium$401Monthly Premium$33
Cincinnati InsuranceAnnual Premium$416Monthly Premium$35
State FarmAnnual Premium$491Monthly Premium$41

A minimum coverage policy will protect you against the damages you inflict on other drivers or their property; however, it won’t cover damages to your car. You should buy a full coverage policy with comprehensive and collision insurance for full protection.

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Find the Best Car Insurance in Virginia for You

 

Your insurance policy rates will vary based on your insurance needs, requirements and preferences. The table above lists rates for a minimum coverage policy.

Understand how much car insurance you need.

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We collected information about the best car insurance companies in Virginia, offering a balance between cost and service quality.

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MoneyGeek researched the average cost of car insurance in Virginia to help you understand how rates vary based on your profile and other factors.

Cheapest Full Coverage Car Insurance in Virginia (June 2024)

MoneyGeek found the following companies offer the cheapest full coverage policies in Virginia:

  • Virginia Farm Bureau: $743 per year
  • Auto-Owners Insurance Co: $811 per year

Kemper offers the most expensive full coverage car insurance company at $2,184 per year.

Opting for a policy with comprehensive and collision insurance will cause your premium to increase. For example, Virginia Farm Bureau’s full coverage policy costs $433 more than its minimum coverage policy.

However, a full coverage policy covers on-road incidents like hitting a tree and off-road incidents like flooding or other weather events.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Virginia Farm BureauAnnual Premium$743Monthly Premium$62
Auto-Owners Insurance CoAnnual Premium$811Monthly Premium$68
ErieAnnual Premium$828Monthly Premium$69
NationwideAnnual Premium$847Monthly Premium$71
ProgressiveAnnual Premium$852Monthly Premium$71
TravelersAnnual Premium$857Monthly Premium$71
American FamilyAnnual Premium$911Monthly Premium$76
Cincinnati InsuranceAnnual Premium$934Monthly Premium$78

The amount of car insurance you need will greatly influence your rates. Our sample full coverage policy has the following limits:

  • $100,000 in bodily injury liability per person
  • $300,000 in bodily injury liability per accident
  • $100,000 in property damage liability per accident

Lowering your liability limits, increasing your deductible for comprehensive, collision, or both, or excluding comprehensive and collision insurance from your policy are ways to save on insurance premiums. However, you won’t have complete financial protection from accidents.

How to Compare Cheap Virginia Car Insurance Quotes Online

You can get online quotes from various insurers. However, be prepared to spend up to 15 minutes on the process. You must also enter your information and compare rates from multiple websites.

A convenient and quick alternative is MoneyGeek's car insurance calculator. It doesn't require specific personal information and can help you start to find the cheapest car insurance in Virginia.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jul 18, 2024

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Cheapest Car Insurance in Virginia by Age (June 2024)

Age is one of the biggest factors affecting car insurance rates in Virginia. Nationwide offers the cheapest options on average for teens, Virginia Farm Bureau for young adults, and Auto-Owners for seniors.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Nationwide
Cheapest for young adults: Virginia Farm Bureau
Cheapest for seniors: Auto-Owners

Cheapest Car Insurance in Virginia for Teens and Their Families (June 2024)

Based on MoneyGeek's analysis, the cheapest insurance companies for teens on a family policy with full coverage in Virginia are:

  • Nationwide: $1,268 per year for male teens and $1,135 per year for female teens
  • State Farm: $2,272 per year for male teens and $1,792 per year for female teens

The most expensive company is Kemper, charging $7,784 per year for female teens and $9,603 per year for male teens.

Teens get lower car insurance rates as they get older. The most affordable insurer for 19-year-old males in Virginia is Nationwide ($1,144).

The rates above are what the teen pays on the family policy — not the family's total policy cost. There's a significant difference in policy cost when teens buy their policy compared to when their parents add them to their policy. Plus, if a teen is under 18, they cannot legally purchase insurance without a parent or guardian as a co-signer.

A 16-year-old male driver pays around $5,585 per year for car insurance. However, they will only pay an average of $3,313 annually when added to their parent's policy, a savings of up to $2,272 per year.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
NationwideFamily Plan Annual Premium$1,135Individual Plan Annual Premium$2,314
State FarmFamily Plan Annual Premium$1,792Individual Plan Annual Premium$2,477
Auto-Owners Insurance CoFamily Plan Annual Premium$1,967Individual Plan Annual Premium$1,963
TravelersFamily Plan Annual Premium$2,003Individual Plan Annual Premium$3,992
AllstateFamily Plan Annual Premium$2,423Individual Plan Annual Premium$3,505
GEICOFamily Plan Annual Premium$2,548Individual Plan Annual Premium$4,943
ProgressiveFamily Plan Annual Premium$2,828Individual Plan Annual Premium$6,709
KemperFamily Plan Annual Premium$7,784Individual Plan Annual Premium$11,908
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

Insurers provide discounts to young drivers to help families lower their premiums. For example, State Farm offers discounts for good academic performance and to distant students. Other insurance companies also provide many discounts for teens.

Cheapest Car Insurance in Virginia for Young Adults (June 2024)

The following companies offer the cheapest rates in Virginia for drivers in their 20s:

  • Virginia Farm Bureau: $811 per year
  • Auto-Owners Insurance Co: $1,017 per year

Kempro charges the highest rates for young adults, with an average cost of $2,535 per year.

A 25-year-old driver generally pays more for a policy than a 40-year-old driver. In Virginia, providers charge an average of $287 more to insure drivers in their 20s.

Data filtered by:Results filtered by:
Age Range:
Age Range:22-29
Coverage Level:
Coverage Level:Full Coverage
Virginia Farm BureauAnnual Premium$811Monthly Premium$68
Auto-Owners Insurance CoAnnual Premium$1,017Monthly Premium$85
NationwideAnnual Premium$1,020Monthly Premium$85
TravelersAnnual Premium$1,024Monthly Premium$85
ProgressiveAnnual Premium$1,025Monthly Premium$85
ErieAnnual Premium$1,059Monthly Premium$88
American FamilyAnnual Premium$1,198Monthly Premium$100
GEICOAnnual Premium$1,229Monthly Premium$102

Cheapest Car Insurance in Virginia for Seniors (June 2024)

Our analysis shows that the following companies offer the cheapest auto insurance for Virginia seniors:

  • Auto-Owners Insurance Co: $791 per year
  • Virginia Farm Bureau: $805 per year

Kemper offers the most expensive premium at $2,192 for seniors in Virginia. Senior drivers typically pay slightly more for car insurance than middle-aged drivers, but the exact difference depends on the company.

Those in their 60s pay about $13 more on average than drivers in their 30s to 50s. However, rates are sometimes higher for drivers in their 70s or older. This is because insurance companies consider senior drivers more at risk for an accident due to age-related factors, such as slower reflexes and poorer vision and hearing, compared to younger drivers.

Data filtered by:Results filtered by:
Age Range:
Age Range:60 +
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$791Monthly Premium$66
Virginia Farm BureauAnnual Premium$805Monthly Premium$67
NationwideAnnual Premium$810Monthly Premium$68
ErieAnnual Premium$834Monthly Premium$69
ProgressiveAnnual Premium$835Monthly Premium$70
Cincinnati InsuranceAnnual Premium$843Monthly Premium$70
TravelersAnnual Premium$861Monthly Premium$72
State FarmAnnual Premium$1,061Monthly Premium$88

Many insurance companies like Allstate and GEICO help senior drivers save on their premiums through discounts. Since insurers analyze various factors besides age to determine rates, you should compare quotes to find the cheapest option.

Cheapest Car Insurance for Higher Risk Drivers (June 2024)

Auto-Owners is the cheapest provider for drivers with a speeding ticket, at-fault accident, and sports cars. Virginia Farm Bureau is the cheapest provider for drivers with a DUI. Nationwide is the most affordable provider for people with poor credit.

CHEAPEST CAR INSURANCE COMPANIES FOR HIGHER RISK DRIVERS

Cheapest after a ticket: Auto-Owners Insurance Co ($833 per year)
Cheapest after an accident: Auto-Owners Insurance Co ($756 per year)
Cheapest after a DUI: Virginia Farm Bureau ($934 per year)
Cheapest for poor credit: Nationwide ($1,131 per year)
Cheapest for sports cars: Auto-Owners Insurance Co ($776 per year)

Cheapest Car Insurance in Virginia After a Ticket

The most affordable car insurance providers in Virginia for drivers with a speeding ticket are:

  • Auto-Owners Insurance Co: $833 per year
  • Erie: $954 per year

National General is the most expensive car insurance provider in Virginia after a ticket, with an annual rate of up to $3,192. Those with a ticket on their driving record face a substantial financial penalty for car insurance — they pay $391 more for the cheapest company's coverage than those with a clean record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$833Monthly Premium$69
ErieAnnual Premium$954Monthly Premium$80
NationwideAnnual Premium$1,047Monthly Premium$87
Cincinnati InsuranceAnnual Premium$1,088Monthly Premium$91
Virginia Farm BureauAnnual Premium$1,118Monthly Premium$93
ProgressiveAnnual Premium$1,134Monthly Premium$94
TravelersAnnual Premium$1,213Monthly Premium$101
State FarmAnnual Premium$1,268Monthly Premium$106

Cheapest Car Insurance in Virginia After an Accident

The following insurance companies have the cheapest rates for drivers with an at-fault accident on their record:

  • Auto-Owners Insurance Co: $756 per year
  • Virginia Farm Bureau: $979 per year

Kemper offers the priciest policy for drivers with accidents on their records, with an average cost of $3,265 per year. On average, drivers with an accident pay $585 more than someone with a clean driving record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$756Monthly Premium$63
Virginia Farm BureauAnnual Premium$979Monthly Premium$82
ErieAnnual Premium$1,187Monthly Premium$99
NationwideAnnual Premium$1,224Monthly Premium$102
American FamilyAnnual Premium$1,239Monthly Premium$103
TravelersAnnual Premium$1,264Monthly Premium$105
Cincinnati InsuranceAnnual Premium$1,278Monthly Premium$106
ProgressiveAnnual Premium$1,335Monthly Premium$111
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MONEYGEEK EXPERT TIP

Your first at-fault accident doesn't have to result in a premium increase if you have accident forgiveness coverage. You can add this optional coverage to your car insurance policy with many insurers, and should you cause an accident, it will stop your policy cost from going up as long as you have a clean record beforehand. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Virginia After a DUI

MoneyGeek’s analysis shows that the cheapest insurance companies for drivers with a DUI in Virginia are:

  • Virginia Farm Bureau: $934 per year
  • Progressive: $1,129 per year

Cincinnati Insurance charges the most to insure drivers with a DUI in Virginia. A policy with this company costs an average of $2,877 per year. Drivers with a DUI pay as much as $645 more for car insurance than drivers with no violations on their records.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Virginia Farm BureauAnnual Premium$934Monthly Premium$78
ProgressiveAnnual Premium$1,129Monthly Premium$94
Auto-Owners Insurance CoAnnual Premium$1,267Monthly Premium$106
State FarmAnnual Premium$1,268Monthly Premium$106
TravelersAnnual Premium$1,387Monthly Premium$116
ErieAnnual Premium$1,422Monthly Premium$118
NationwideAnnual Premium$1,444Monthly Premium$120
MercuryAnnual Premium$1,661Monthly Premium$138

Cheapest Car Insurance in Virginia for Drivers With Poor Credit (June 2024)

MoneyGeek found the following companies offer affordable rates for drivers with a bad credit score (below 580):

  • Nationwide: $1,131 per year
  • Virginia Farm Bureau: $1,138 per year

The most expensive insurer for drivers with bad credit is American Family, charging an average of $3,423 per year. The average annual premium for drivers with a credit score below 580 is $905 more than for drivers with a strong credit history (above 750).

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
NationwideAnnual Premium$1,131Monthly Premium$94
Virginia Farm BureauAnnual Premium$1,138Monthly Premium$95
ProgressiveAnnual Premium$1,286Monthly Premium$107
TravelersAnnual Premium$1,524Monthly Premium$127
GEICOAnnual Premium$1,646Monthly Premium$137
Cincinnati InsuranceAnnual Premium$1,692Monthly Premium$141
MercuryAnnual Premium$1,843Monthly Premium$154
ErieAnnual Premium$1,984Monthly Premium$165

Auto insurance companies charge higher rates to insure drivers with bad credit scores because such drivers are more likely to file a claim. Virginia’s laws permit insurers to consider credit-based insurance scores when determining rates.

Comparing rates from different insurers can help you find the cheapest policy. You can also take advantage of various discounts to save on car insurance.

Cheapest Car Insurance in Virginia for Sports Cars (June 2024)

MoneyGeek found that the cheapest car insurance companies for sports car drivers are:

  • Auto-Owners Insurance Co: $776 per year
  • Travelers: $824 per year

Kemper offers the most expensive policy for a sports car owner, charging an average of $2,639 per year. Insurance costs are generally higher for drivers with a sports or luxury car than drivers with a Toyota Camry, with a difference of $178.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Auto-Owners Insurance CoAnnual Premium$776Monthly Premium$65
TravelersAnnual Premium$824Monthly Premium$69
American FamilyAnnual Premium$974Monthly Premium$81
NationwideAnnual Premium$985Monthly Premium$82
ProgressiveAnnual Premium$987Monthly Premium$82
GEICOAnnual Premium$1,271Monthly Premium$106
State FarmAnnual Premium$1,367Monthly Premium$114
AllstateAnnual Premium$1,509Monthly Premium$126

MoneyGeek used a Ford Mustang as the sample sports car for this analysis. Your insurance cost may vary based on your car model. Insurers generally charge significantly high rates to insure electric, luxury or sports cars.

Cheapest Car Insurance in Virginia for Military Drivers (June 2024)

MoneyGeek found that the cheapest car insurance company for veterans and active-duty military members is Virginia Farm Bureau, charging an average of $743 per year.

USAA is another option; USAA tailors its policies to active-duty military members and veterans. Its policies are available in all 50 states and Washington, D.C., and cost an average of $831 per year.

GEICO is another option with military-focused coverages and discounts, which could lead to savings of up to 15% on your policy.

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MoneyGeek Top Pick
Virginia Farm Bureau
  • $743 annual premium

Virginia Farm Bureau does not offer a military discount, yet it is still the cheapest option in the state.

Cheapest Car Insurance in Virginia by City

The cost of car insurance can greatly vary based on where you live in the state. Insurance companies will consider you risky to insure and charge higher rates if you live in an area with high theft, vandalism, or accidents.

Hampton is the cheapest city for car insurance in Virginia — Virginia Farm Bureau charges $808 per year for a policy in this city. The most expensive city for car insurance in Virginia is Richmond. Virginia Farm Bureau charges an average of $907 per year to get a policy in this city.

Our list of Virginia cities below can help you compare average car insurance rates based on your location.

AlexandriaCheapest CompanyVirginia Farm BureauAnnual Premium$843
ArlingtonCheapest CompanyProgressiveAnnual Premium$828
ChesapeakeCheapest CompanyAuto-Owners Insurance CoAnnual Premium$815
HamptonCheapest CompanyVirginia Farm BureauAnnual Premium$808
Newport NewsCheapest CompanyAmerican FamilyAnnual Premium$810
NorfolkCheapest CompanyAmerican FamilyAnnual Premium$876
RichmondCheapest CompanyVirginia Farm BureauAnnual Premium$907
Virginia BeachCheapest CompanyVirginia Farm BureauAnnual Premium$834

Car Insurance in Virginia: What You Need to Know

Auto insurance laws in Virginia require drivers to carry a policy with at least bodily injury liability (BDL) and property damage liability (PDL) coverages. It also makes purchasing uninsured/underinsured motorist coverage mandatory, which most states do not require.

Virginia Car Insurance Requirements

Virginia drivers must have an auto policy that meets the state’s minimum requirements. Based on the state’s law, drivers should purchase bodily injury liability (BDL), property damage liability (PDL) and uninsured/underinsured motorist coverages.

You will pay less for a minimum coverage policy; however, it might not offer sufficient protection. Even though it’s your personal decision, you should buy as much liability coverage as possible based on MoneyGeek’s recommendations.

Drivers with serious violations must file an SR-22 in Virginia, and those with a DUI must file an FR-44. You’ll likely need more coverage with such violations on your record.

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    Bodily Injury Liability

    Virginia’s auto insurance laws require that drivers have bodily injury liability coverage of at least $30,000 per person and $60,000 per accident. This coverage will help you pay for medical and other expenses if you harm someone in an accident.

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    Property Damage Liability

    You must have at least $20,000 in property damage liability coverage in Virginia. This coverage will protect you against the cost of damages to another person’s property or vehicle in case of an accident.

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    Uninsured/Underinsured Motorist Coverage

    The required uninsured/underinsured motorist coverage limits for drivers in Virginia are $30,000 for bodily injuries per person and $60,000 for bodily injuries per accident. This coverage will provide financial protection in case of an accident with a driver who has insufficient or no coverage.

Based on MoneyGeek’s recommendations, you should get a policy with $100,000 in bodily injury liability insurance per person, $300,000 in bodily injury liability insurance per accident and $100,000 in property damage insurance per accident.

Drivers who have financed or leased their vehicles must buy comprehensive and collision insurance. Collision insurance protects against damages if your vehicle hits an object or another car on the road. Comprehensive insurance covers your vehicle's repair or replacement cost if it’s stolen or damaged due to vandalism or weather hazards.

You should always consider buying comprehensive and collision insurance if you own a luxury or sports car.

Car Insurance Alternatives in Virginia

An alternative to a car insurance policy in Virginia for business vehicle owners is a certificate of self-insurance from the Virginia Department of Motor Vehicles. With self-insurance, drivers pay the cost of damages caused in an accident.

You must submit the following documents to get a certificate of self-insurance in Virginia:

  • List of vehicles registered in Virginia
  • FR 302, Application for Self-Insurance
  • Latest consolidated financial report certified by a reputable firm of CPAs

Although this certificate is continuous, you must file a financial statement at the end of each fiscal year.

FAQ: Car Insurance in Virginia

MoneyGeek answers the following commonly asked questions to address concerns regarding the cost and quality of car insurance in Virginia.

Which company offers the cheapest car insurance in Virginia?
Should you buy the cheapest car insurance available in Virginia?
Who needs an SR-22 or FR-44 in Virginia?

Expert Advice on Finding Cheap Car Insurance in Virginia

To help you find credible and accurate insight on car insurance in Virginia, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in Virginia should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Virginia take to find affordable car insurance?
Irene Leech, Ph.D.
Irene Leech, Ph.D.Associate Professor of Consumer Studies at Virginia Tech

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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