The Cheapest Car Insurance in Virginia (October 2023)

American Family is overall the cheapest car insurance company in Virginia. MoneyGeek's research shows that Auto-Owners, Nationwide and Virginia Farm Bureau 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.

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

• American Family: $269 per year
• Virginia Farm Bureau: $337 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 coverages like bodily injury liability (BDL), property damage liability (PDL) and uninsured motorist coverage.

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.

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

• American Family: $674 per year
• Nationwide: $703 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 premiums to increase. For example, American Family’s full coverage policy costs $405 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.

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 and 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.

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.

Age is one of the biggest factors affecting car insurance rates in Virginia. MoneyGeek found that Nationwide and Virginia Farm Bureau offer the cheapest options on average, depending on what age group you and your family belong to.

Based on MoneyGeek's analysis, the cheapest insurance companies for teens 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 $9,603 per year for male teens and $7,784 per year for female 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).

There's a significant difference in policy cost when teens buy their policy compared to when their parents add them to their policy. A 16-year-old male driver usually pays $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.

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.

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

• Virginia Farm Bureau: $810 per year
• Nationwide: $844 per year

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

A 25-year-old driver in Virginia generally pays more for a policy than a 40-year-old driver. For instance, Virginia Farm Bureau charges $70 more to insure drivers in their 20s.

MoneyGeek analyzed that the following companies are the cheapest options for seniors in Virginia:

• Nationwide: $673 per year
• Auto-Owners: $774 per year

Kemper provides senior drivers with the most expensive insurance policies, charging $2,192 yearly.

Senior drivers pay $30 less for a Nationwide car insurance in Virginia compared with middle-aged drivers. Insurance rates significantly increase when drivers are in their 70s and 80s.

Many insurance companies like Allstate, GEICO and American Family 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.

The cheapest car insurance company for drivers with a speeding ticket or an at-fault accident is Auto-Owners. Drivers with a DUI on their record may find the cheapest rates from Virginia Farm Bureau.

Nationwide offers the most affordable policies for drivers with poor credit, while American Family has the cheapest rates for those with sports cars.

The likelihood of filing a claim increases after a traffic violation, so insurers charge higher rates. You should work to improve your driving record and compare quotes from different insurers to get the cheapest rates.

MoneyGeek found the cheapest car insurance companies for drivers with speeding tickets are:

• Auto-Owners: $820 per year
• Nationwide: $866 per year

National General provides the most expensive policies to drivers with speeding tickets, costing an average of $3,192 annually.

A speeding ticket on your record generally causes your premiums to increase. Drivers with a speeding ticket in Virginia pay an average of $377 more for a policy than drivers with a clean record.

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

• Auto-Owners: $742 per year
• American Family: $929 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 $561 more than someone with a clean driving record.

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

• Virginia Farm Bureau: $945 per year
• State Farm: $1,108 per year

Cincinnati Insurance charges the most to insure drivers with a DUI in Virginia. A policy with this company costs an average of $2,726 per year.

Drivers with a DUI pay as much as $604 more for car insurance than drivers with no violations on their records.

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

• Nationwide: $944 per year
• Virginia Farm Bureau: $1,164 per year

The most expensive insurer for drivers with bad credit is Auto-Owners, charging an average of $2,674 per year.

The average annual premium for drivers with a credit score below 580 is $824 more than for drivers with a strong credit history (above 750).

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 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.

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

• American Family: $730 per year
• Auto-Owners : $762 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 $166.