The Essential Virginia Car Insurance Comparison ChartMarch 16, 2015
What’s the secret to getting low car insurance rates in Virginia? Shopping around. Compare.com created a Virginia car insurance comparison chart revealing that even if you have a clean driving record, some insurers will offer you dramatically lower rates than others. We’ll show you what we mean.
Virginia Car Insurance Comparison Chart
Virginia drivers are required to carry at least $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident, and $20,000 of property damage coverage. They also need uninsured/underinsured motorist coverage. Unlike many other states, Virginia allows drivers to drive without insurance as long as they pay a $500 Uninsured Motor Vehicle (UMV) fee. This fee offers no insurance protection, but simply allows you to legally drive at your own risk.
Virginia car insurance is cheap, relatively speaking. In 2012, the state ranked ninth-lowest for car insurance costs when measured as a percentage of income. But that doesn’t mean everyone in Virginia pays low rates. We created a Virginia car insurance comparison chart for three different driver profiles to illustrate the range in premiums.
- Is a 44-year-old female
- Owns a 2010 Chevrolet Malibu LS
- Drives for pleasure
- Owns a home and has a master’s degree
- Is a low-risk driver with a clean driving record
- Is a 21-year-old male
- Finances a 2013 Honda Civic SI
- Drives to work
- Rents an apartment and graduated from high school
- Has two speeding tickets on his record
Joe and Julie Average:
- Are a married 41-year-old couple
- Owns a 2012 Grand Caravan SE and finances a 2011 Mazda 6S
- Drives to work
- Owns a condo and both have bachelor’s degrees
- Has minor tarnish on driving record
Which profile is most like you?
All these quotes are genuine, although we’ve left out the names of the insurance companies. Obviously older, safer drivers pay lower premiums, but why are the differences so big? Let’s take a closer look.
Virginia car insurance laws
- Car insurance rates are affected by your driving history. In Virginia, car insurance companies can raise your premiums if you or a member of your household have an at-fault accident or traffic violation on your record. That’s why, on our Virginia car insurance comparison chart, Johnny Racer as well as Joe and Julie Average are seeing some high premium quotes. Even so, there’s a $180 difference between the Averages’ highest and lowest paid-in-full premium. That’s why it’s so important to compare car insurance quotes. There is good news: in Virginia, premiums can only be increased due to accidents or violations in the past 36 months. If you want to check your driving history, you can request your records from the Virginia DMV here.
- Your credit can affect your car insurance rates. Virginia permits insurers to consider consumer credit history when setting premium rates. So if you have poor credit, you may see higher quotes. Virginia does prohibit insurance companies from deciding not to renew your policy solely because of your credit report.
- Age is a factor in determining Virginia car insurance premiums. Anyone under 25 will typically pay higher rates, but men under 25 pay especially high rates. Just look at Johnny Racer’s quotes in the Virginia car insurance comparison chart and you’ll see why. However, state law prohibits insurers from denying you a policy solely because of your age or sex — or your residence, race, color, creed, national origin, ancestry, marital status or lawful occupation (including military service). And once you turn 55, Virginia law requires insurance companies to give you a discount if you complete an accident prevention class.
Your Virginia auto insurance options
Want to pay less for your insurance? Shop around. Our Virginia car insurance comparison chart reveals that some insurers will give you a much better deal than others. If you’re an A+ driver like Elizabeth Allclear, you might expect every auto insurance company to give you great rates. But as you can see, the highest quote for a monthly installment is more than twice the lowest quote.
And if you’re a driver with a few blemishes on your record, like Johnny Racer, don’t assume you have to pay exorbitant rates. Look at the lowest and highest monthly installment quotes: Bet you would enjoy having $150 extra in your pocket each month. The easiest and most accurate way to compare insurance quotes before you buy is on Compare.com. It’s free, fast and easy. Try it now!