How To Save On Virginia Car Insurance? 7 Tips To Reduce Costs

By Randy Luton | Last Updated: 05/18/2022

Key Insights:

  • Car insurance rates are rapidly rising in every state of the country. The same goes for Virginia.
  • Insurance companies check multiple factors to decide the car insurance rates of a driver.
  • There are different reasons for the higher insurance rates of auto insurance.
  • But car insurance rates can be decreased by combining different discount types on the policy.

The average car insurance rate in Virginia is around $1000 per year which is not that expensive as compared to other states. But the drivers are still finding it difficult to afford the auto insurance policy every year.

RateForce knows that you are looking for ways to get cheaper car insurance and hence we have created this guide for you. Keep reading till the end to know some tried and tested ways to get discounts on your policy.

Average Car Insurance Cost in Virginia

There are a lot of factors that affect the car insurance cost for any driver. Every company has its own way of leveraging the value of these factors and deciding the rate for the policy. As a result, the cost varies from company to company.

One company might consider you a safe driver while others might not consider you a safe driver. To help you understand the variation in the insurance cost from different companies, we have listed the top car insurance companies in Virginia with their average rates.

Car Insurance CompanyAverage Car Insurance Rate
Electric Insurance Company$3,313
Kemper$2,395
MetLife$1,891
Cincinnati Insurance$1,587
Allstate$1,412
Mercury$1,242
USAA$903
Nationwide$789

Why Car Insurance is Expensive in Virginia?

The location of the driver plays an important role while profiling the driver. The state where the driver lives, the cities where he drives, and even the area where he parks play an important role. Especially in cities like Chesapeake, Richmond, and Norfolk.

There are other factors too that affect the car insurance rates of a driver. To help you understand that; below are some reasons why car insurance is expensive in Virginia:

1. A Higher Number Of Road Accidents

Virginia has witnessed more than 100,000 road accidents in the year 2020. A higher number of road accidents means a higher number of claims for repair and medical care. This results in the loss of car insurance companies. As a result; to cover their losses they provide higher insurance premiums to the drivers.

2. Auto Repairs Are Getting More Expensive

The average cost of auto repair in Virginia is around $382 which is higher compared to most of the states. Expensive auto repairs mean a higher amount of claims which results in again the loss of insurance companies. As a result, they will provide expensive insurance premiums.

3. Number Of Uninsured Drivers In Virginia

More than 10% of drivers in Virginia are uninsured. Uninsured drivers are becoming a liability for insurance companies. If a driver gets into an accident with an uninsured driver then despite the fact that who was at fault; the insurance company will have to pay for the repair and medical care of their customer.

4. Weather Conditions

Virginia witnesses severe thunder and rain storms every year. These storms damage the vehicles in the city which results in more claims. As a result higher insurance rates to the drivers.

How to Save on Virginia Car Insurance?

Now that we know why car insurance is expensive in some states; let’s have a look at ways to get affordable car insurance.

  1. Get Quotes From Different Companies And Compare
    Getting quotes from different companies will give you an exact idea of what other companies are providing at a similar cost. There are chances that some new company might provide you with cheaper rates based on your profile.
  2. Bundle Up All Your Policies
    We all need multiple policies like homeowners insurance, renters insurance, life insurance, etc. If you buy all these policies from one company and bundle them up then your insurance company will provide you with a discounted rate.
  3. Work On Your Credit Score
    Your credit score talks a lot about you and your profile. A driver with a good credit score is considered a reliable driver who will pay all the premiums on time. While a driver with a bad credit score might skip a premium payment. This is why insurance companies check the credit score before deciding the profile type of the driver.
  4. Keep Your Insurance Updated
    Some of us think about skipping a policy for a year or a few months because of different reasons. But keeping a policy for the long term will only make you a reliable and responsible driver and as a result, can lower your policy rates.
  5. Choose The Upfront Payment Model
    If you decide to pay for your policy in advance every year or twice a year then you will become a loyal customer of the company. Hence the company will try its best to provide you with affordable rates so that you stay with them for the long term.
  6. Leverage The Latest Technologies
    With the help of advanced technologies like telematics you can prove that you are a safe driver and you should get cheaper rates. Telematics will keep a track of your mileage, speed, and total driving time. This data will then be used to check if you are a safe driver or not.
  7. Driver Safely
    Try to keep a clean and safe driving record. When your record does not have any DUI, speeding ticket, or at-fault accident then you will be considered as a good driver. As a result, your insurance company will give you lower rates.

Over To You

Auto insurance rates are rapidly increasing in every state of the country. This is why you might have to pay more to renew your insurance policy. Our team of experts will create a list of top companies for car insurance in Virginia along with a list of car insurance rates.

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SOURCES

  • Referred to III to know uninsured drivers in Virginia state on 2nd April 2022.
  • Referred to NBC news to check the rates of auto repairs in Virginia on 2nd April 2022.
  • Read an article on BB Trial to check the number of road accidents that occurred in Virginia on 2nd April 2022.

Editorial Guidelines: The above is meant as general information to help you understand the different aspects of auto insurance. This information does not refer to any specific auto insurance policy. Coverages and other features vary between insurers, vary by state, and are not available in all states. References to costs of coverages/repair, average or typical premiums, amounts of losses, deductibles, etc., are indicative and may not apply to your situation. We encourage you to speak to our insurance representative and to read your policy contract to fully understand your coverages.

Randy Luton is the Founder and CEO of RateForce. He is passionate about InsurTech services and has in-depth knowledge about the auto insurance sector of the USA.