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The Best Cheap Car Insurance Companies for Virginia Drivers in 2020

Most drivers in the state will be able to choose from the top five car insurance companies when seeking affordable car insurance in Virginia. The table below provides approximate rates for the average driver from each of the state’s main providers.

Company
Amount
1. Progressive
In 2020, Progressive ranked #1 in Virginia for the cheapest car insurance on average.
$504
per year
2. USAA
In 2020, USAA ranked #2 in Virginia for the cheapest car insurance on average.
$664
per year
3. GEICO
In 2020, GEICO ranked #3 in Virginia for the cheapest car insurance on average.
$670
per year
4. Erie
In 2020, Erie ranked #4 in Virginia for the cheapest car insurance on average.
$676
per year
5. Nationwide
In 2020, Nationwide ranked #5 in Virginia for the cheapest car insurance on average.
$714
per year

It's important to remember that each person is unique and personal details and driving record will be taken into consideration when preparing a quote. While this table provides approximate rates for each provider, please request a personalized quote to learn more. Not sure how much coverage you need? MoneyGeek can help with that too!

The Best Car Insurance Companies in Virginia for 2020

MoneyGeek has created a unique rating system to highlight the five Virginia car insurance companies and help you with your search. This system is based on ratings from reputable outlets like J.D. Power and AM best, including J.D. Power’s customer satisfaction score and AM Best’s financial strength rating. The best insurance companies have high ratings in reliability, affordability, and customer satisfaction.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

New Jersey ManufacturersScore: 97.5
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

HartfordScore: 87.5
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

5

State FarmScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

TravelersScore: 85
+

2/5

User Satisfaction

5/5

Claims Ratings

2/5

Affordability

A++

Financial Stability

7

ProgressiveScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

8

NationwideScore: 77.5
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

9

FarmersScore: 75
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability

10

CSAAScore: 75
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability


Market Share by Company

The National Association of Insurance Commissioners (NAIC) reported that the CEICO Group holds 19.01% of the market share, making it the largest car insurance company in the state of Virginia. The following table showcases the four largest companies in the state.

Company
Market Share
1. GEICO
19.01%
2. State Farm
16.02%
3. USAA
13.33%
4. Progressive
10.17%
5. Allstate
9.44%

Cheapest Car Insurance for Drivers With a DUI in Virginia

Driving under the influence is one of the leading causes of fatal accidents in the country. Being cited with a DUI will likely result in jail time, fines, a license suspension and a spike in your insurance rates. In the state of Virginia, DUI offenders can face a minimum of five days in jail, a minimum of $250 in fines and a one-year license suspension. The following table showcases what drivers in Virginia who get a DUI can expect to pay in auto insurance.

Company
Amount
1. Progressive
In 2020, Progressive ranked #1 in Virginia for the cheapest car insurance for drivers with a DUI.
$706
per year
2. State Farm
In 2020, State Farm ranked #2 in Virginia for the cheapest car insurance for drivers with a DUI.
$814
per year
3. Erie
In 2020, Erie ranked #3 in Virginia for the cheapest car insurance for drivers with a DUI.
$1,064
per year
4. Mercury
In 2020, Mercury ranked #4 in Virginia for the cheapest car insurance for drivers with a DUI.
$1,159
per year
5. Nationwide
In 2020, Nationwide ranked #5 in Virginia for the cheapest car insurance for drivers with a DUI.
$1,198
per year

It’s not uncommon for insurance rates to double overnight after a DUI, and the minimum estimated cost for a DUI is estimated at $45,435. Finding cheap car insurance with a DUI in Virginia will require requesting quotes from multiple insurance providers who will look at your offense in addition to other regularly considered factors (age, gender, etc.) to give you the best rate possible.

Cheapest Car Insurance for VA Speeding or Distracted Driving Tickets

According to the NHTSA, 778 accidents in 2018 were the result of distracted driving, but 2,841 people were killed in crashes involving a distracted driver across the country that same year in total. It might feel like distracted driving or speeding shouldn’t result in a citation or an increase in insurance rates, but they are intended to discourage distracted driving and to keep people safe. According to Insurance.com, a texting ticket can cause your insurance rates to increase by 26% on average. The following chart features the rates that drivers in Virginia can expect to pay for auto insurance after receiving a distracted driving or speeding ticket.

Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Virginia for the cheapest car insurance for distracted drivers.
$670
per year
2. Progressive
In 2020, Progressive ranked #2 in Virginia for the cheapest car insurance for distracted drivers.
$670
per year
3. Erie
In 2020, Erie ranked #3 in Virginia for the cheapest car insurance for distracted drivers.
$705
per year
4. USAA
In 2020, USAA ranked #4 in Virginia for the cheapest car insurance for distracted drivers.
$804
per year
5. State Farm
In 2020, State Farm ranked #5 in Virginia for the cheapest car insurance for distracted drivers.
$814
per year

If you do receive a speeding or distracted driving ticket, don’t panic. The amount your rate increases will depend on your insurance provider and your previous driving history, but you will likely see a change in your fees for months or years. To find cheap car insurance after getting a ticket in Virginia, speak with multiple top-rated auto insurance companies in Virginia to request a free car insurance quote before choosing your plan.

Cheapest Car Insurance Companies in VA for Drivers With Bad Credit

The average credit score in Virginia in 2019 was 709 — meaning most drivers score “good” on the FICO credit score scale. However, poor credit can negatively impact a variety of items including your car insurance rates. Some companies look at your credit score to determine your financial responsibility and reliability, which is why having a lower score might lead to higher insurance rates. The following are auto insurance estimates for individuals with poor credit in Virginia.

Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Virginia for the cheapest car insurance for drivers with poor credit.
$779
per year
2. Progressive
In 2020, Progressive ranked #2 in Virginia for the cheapest car insurance for drivers with poor credit.
$868
per year
3. Nationwide
In 2020, Nationwide ranked #3 in Virginia for the cheapest car insurance for drivers with poor credit.
$944
per year
4. Erie
In 2020, Erie ranked #4 in Virginia for the cheapest car insurance for drivers with poor credit.
$1,125
per year
5. USAA
In 2020, USAA ranked #5 in Virginia for the cheapest car insurance for drivers with poor credit.
$1,134
per year

Insurance providers will take your credit score into consideration, so rates can vary from driver to driver. If you do have bad credit and are searching for cheap car insurance quotes, it’s important to recognize the root of your credit issues and work to improve it.

Cheapest Car Insurance Companies in Virginia for Seniors

Senior drivers face a unique set of driving challenges that come with age, such as vision and hearing loss, slower reflexes and shorter attention spans. Therefore, the state of Virginia has implemented a series of procedures and rules for mature drivers to ensure the safety of everyone on the road. Drivers over the age of 75 must renew their license in person at the DMV every five years.

The following table shows what senior drivers in Virginia may pay for auto insurance.

Company
Amount
1. Progressive
In 2020, Progressive ranked #1 in Virginia for the cheapest car insurance for seniors.
$567
per year
2. Erie
In 2020, Erie ranked #2 in Virginia for the cheapest car insurance for seniors.
$699
per year
3. State Farm
In 2020, State Farm ranked #3 in Virginia for the cheapest car insurance for seniors.
$732
per year
4. Nationwide
In 2020, Nationwide ranked #4 in Virginia for the cheapest car insurance for seniors.
$737
per year
5. USAA
In 2020, USAA ranked #5 in Virginia for the cheapest car insurance for seniors.
$757
per year

Due to the increased risks older drivers face behind the wheel (7,359 car crash fatalities in 2017 involved a driver over 65), insurance companies are often likely to increase their rates. However, senior drivers tend to have a lot of experience behind the wheel and often take more precautions — they’re more likely to wear a seatbelt while driving and avoid texting and talking on the phone. If you’re looking for affordable car insurance in Virginia as a senior, a good driving record can help keep your rates down.

Cheapest Car Insurance for Students

Virginia Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,465 INCREASE

This is a difference of 97%.

Virginia has put laws and regulations in place to keep young drivers safe. Still, auto insurance for teen drivers is almost always greater than for older drivers. To control these costs, the Virginia DMV suggests asking the insurance company for a higher deductible on any damages.

For college students enrolling in school outside of Virginia, let the insurance company know if a vehicle will be used in the student's state for more than 30 days per year, or consider scaling back the student's coverage to "occasional driver" if your child won't be using a car often.

The table below demonstrates approximate rates for young drivers. Unfortunately, teen drivers lack maturity and experience behind the wheel and therefore are the most expensive demographic to insure. Compare car insurance quotes and don’t forget to ask the insurance company about discounts for good grades and safe driving. Letting your teen use a large-frame family sedan with advanced crash protection and safety features may also lower your premium.

Company
Amount
1. Progressive
In 2020, Progressive ranked #1 in Virginia for the cheapest car insurance for students.
$1,293
per year
2. Nationwide
In 2020, Nationwide ranked #2 in Virginia for the cheapest car insurance for students.
$1,928
per year
3. State Farm
In 2020, State Farm ranked #3 in Virginia for the cheapest car insurance for students.
$2,236
per year
4. Allstate
In 2020, Allstate ranked #4 in Virginia for the cheapest car insurance for students.
$2,395
per year
5. GEICO
In 2020, GEICO ranked #5 in Virginia for the cheapest car insurance for students.
$2,429
per year

Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$4,664
car
Average premium for two 2008

Town and Country Limiteds

$2,994
Annual benefits of minivans:$1,670 saved

This is 36% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$890 DECREASE

This is a savings of 28%.

Potential discounts for teens in Virginia

Impact on annual premium with good student and defensive driving discounts:

coins
$386 SAVED

Virginia students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$3,080 at home

graduation

$2,477 at school

$603 IN SAVINGS

female
Average premium for a 19-year-old female
car

$2,710 at home

graduation

$2,218 at school

$492 IN SAVINGS

Insurance Rate Information for Military Drivers and Veterans

The major insurance carriers in Virginia offer reduced rates for the state's active-duty military personnel and veterans. Geico maintains a special military center to serve the numerous bases in Virginia. In addition, there are also specialty insurance carriers who work just with military families on their coverage needs. Get at least three price quotes in writing to make a good comparison of prevailing rates.

The state DMV guide for military personnel covers insurance, licensing and registration requirements for enlisted men and women. While stationed in Virginia, if you purchase a vehicle, you can register that vehicle in your home state or in Virginia. Vehicles titled and registered in your name can be driven with a valid out-of-state license plate, but only if you are the sole owner. Co-owners must also be on active duty; otherwise, the vehicle must be registered in Virginia.

If you're from Virginia but stationed outside the state, most of the business you would normally need to conduct with the DMV can be done online.

Insurers operating in Virginia that give discounts to military personnel and veterans include GEICO and USAA. With GEICO specifically, you may see discounts of up to 15%. The following table reflects estimates of what active-duty and veteran military personnel can expect to pay in Virginia for auto insurance.

Age savings for Virginia service members

male
25 years$1,230
50 years$959
female
25 years$1,187
50 years$945

$271 Saved
$242 Saved

Median auto insurance for service members: $1,045

Who Needs Car Insurance in Virginia?

In Virginia, car owners are financially responsible for their vehicles, whether they're driven or parked by the curb. The state doesn't require insurance for vehicles stored on private property, but they cannot be registered for road use. A classic Mustang that's getting restored in the garage, for example, doesn't need to be covered by insurance until it's licensed and registered.

Proof of Insurance in Virginia

Virginia drivers are required to carry proof of insurance (or the uninsured motorists' fee) while driving. Although insurance carriers still recommend keeping a card in the glovebox, the Virginia vehicle code allows drivers to store their insurance information on a smartphone. The insurance card should have:

  • Your name.
  • The policy number.
  • A telephone number to call for help in filing claims.

You have to provide proof of insurance or the uninsured motorists' fee after an accident and be prepared to show it to any law enforcement officer who asks to see it.

Minimum Liability Insurance Requirements in Virginia

Virginia requires you to have minimum liability insurance coverage of:

  • $25,000 for injury to a single person.
  • $50,000 for all injured persons in an accident. Once that $50,000 has been used up, any other injured individuals who want compensation can file a civil lawsuit against you.
  • $20,000 for property damage.

Virginia cracks down on uninsured motorists with an online verification system that detects vehicle owners who don't comply with state law.

Alternatives to Insurance in Virginia

If you own business vehicles, you may be able to self-insure or purchase a surety bond in lieu of insurance.

If you don't have auto insurance, you can still register your vehicle in Virginia and buy license plates by paying a mandatory $500 uninsured motorist's fee each year. Paying this fee does not provide any auto insurance coverage. If you're an uninsured driver in Virginia, remember that you are personally liable for any accident you cause.

Car Insurance Requirements in Virginia: How Much Coverage Do You Need?

What percentage of drivers in Virginia lack vehicle insurance?

9.9%

National average: 13%

Source:

Insurance Information Institute.

Nearly everyone wants cheap car insurance, but the required minimum isn't always enough to protect you.

If you can afford extra coverage, the Insurance Information Institute recommends a policy that pays $100,000 per injured person or $300,000 (known as 100/300) for all people injured in an accident. Consumer advocates also recommend uninsured motorist insurance, which would cover your medical bills in case you're hit by a driver without car insurance.

If you have a loan for a new car, you'll also have to buy collision and comprehensive insurance. Having trouble getting insurance because of a poor driving record or other reasons? Virginia has an assigned risk car insurance program that will help you get coverage, although it may cost more than regular insurance.

For more on the type of discounts you may qualify for, see the MoneyGeek guide to car insurance.

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Sources