Cheapest car insurance companies in Virginia Beach
Virginia Farm Bureau and Travelers offer the cheapest car insurance rates in Virginia Beach for 2023, according to a study by Insurance.com.
Virginia Farm Bureau is the cheapest option for most Virginia Beach drivers, with an average annual rate of $1,106 .
The cost of car insurance in Virginia Beach varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Virginia Beach.
| Companies | Average annual rates |
|---|---|
| Virginia Farm Bureau | $1,106 |
| Travelers | $1,175 |
| USAA | $1,242 |
| Geico | $1,314 |
| Erie Insurance | $1,327 |
| Auto-Owners | $1,357 |
| State Farm | $1,520 |
| Progressive | $1,782 |
| Allstate | $2,292 |
Cheapest car insurance cost in Virginia Beach by Age Group
Virginia Farm Bureau is the cheapest option for car insurance in Virginia Beach for teen drivers, with average annual premiums at just $2,685 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Virginia Beach at about $1,834 per year.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Virginia Beach is Virginia Farm Bureau. Its average rate for a full coverage car insurance policy is $1,129 per year.
Travelers is the cheapest option for senior drivers in Virginia Beach, with an average premium of $1,238 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Farmers | N/A | N/A | N/A | $3,648 |
| Virginia Farm Bureau | $2,685 | $1,925 | $1,129 | $1,309 |
| Erie Insurance | $3,283 | $2,168 | $1,345 | $1,385 |
| Geico | $3,752 | $1,834 | $1,300 | $1,327 |
| Auto-Owners | $3,899 | $2,424 | $1,398 | $1,497 |
| Travelers | $4,025 | $1,907 | $1,205 | $1,238 |
| USAA | $4,553 | $2,108 | $1,269 | $1,363 |
| State Farm | $4,615 | $2,603 | $1,534 | $1,495 |
| Allstate | $6,054 | $3,171 | $2,165 | $2,408 |
| Progressive | $9,121 | $3,130 | $1,802 | $1,929 |
Cheapest car insurance companies in Virginia Beach by driver profile
Your driving profile plays an important role in determining your car insurance rates in Virginia Beach. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
To find the cheapest car insurance company in Virginia Beach, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Virginia Beach drivers based on driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
Nationwide has the cheapest rates for Virginia Beach drivers with poor credit looking for affordable auto insurance. At an annual cost of $1,173, Nationwide offers substantial savings among the insurers analyzed.
The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,173 |
| Geico | $1,459 |
| Progressive | $1,565 |
| USAA | $1,689 |
| Travelers | $1,964 |
| State Farm | $2,199 |
| Allstate | $2,869 |
Cheapest for drivers with a speeding ticket: USAA
In Virginia Beach, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,143, on average.
Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs.
| Company | Average annual premium |
|---|---|
| USAA | $1,143 |
| Nationwide | $1,149 |
| State Farm | $1,209 |
| Progressive | $1,324 |
| Geico | $1,718 |
| Travelers | $1,896 |
| Allstate | $2,447 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Virginia Beach drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,311. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,311 |
| Nationwide | $1,426 |
| USAA | $1,593 |
| Progressive | $1,734 |
| Geico | $1,799 |
| Travelers | $1,914 |
| Allstate | $3,714 |
Cheapest auto insurance after a DUI: State Farm
Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Virginia Beach for drivers with a DUI, with an average annual premium of $1,209.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,209 |
| Progressive | $1,534 |
| USAA | $1,762 |
| Nationwide | $1,891 |
| Geico | $2,357 |
| Travelers | $2,527 |
| Allstate | $3,933 |
Average car insurance cost in Virginia Beach
Full coverage car insurance in Virginia Beach for a coverage limit of 100/300/100 is $1,457 per year or $121 per month, while the state minimum coverage costs an average of $527 a year.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,457 | $527 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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