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How much is car insurance in Chesapeake?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Chesapeake are about the same as what you would pay anywhere else in Virginia.
On the other hand, when compared to the national average, the cost for auto insurance in Chesapeake is lower. It's about $18 cheaper than the national average to insure your vehicle in Chesapeake.
These may be the average auto insurance rates for Chesapeake, but that doesn't mean it's exactly what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. Variables like age, gender, vehicle make and model, driving record, and even credit score(depending on your area) can all be taken into consideration when determining your monthly payment amount.
But don't worry, we ve broken down the average rate for Chesapeake residents based on several different factors so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
Generally, the older you are, the more experienced you are on the roads. It also makes sense that the more experienced of a driver you are, the safer you are, which leads to lower rates. In this case, 18-24-year-olds pay two times the amount that someone who is at retirement age.
For every 10 years, you can expect to see a drop in your monthly premium. You may see your rates begin to climb back up once you hit retirement.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. While this isn't true in Chesapeake, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Drivers with clean records will pay lower rates than those with accidents or violations. Drivers in Chesapeake with one accident will pay around $82 a month. In addition, drivers with a single ticket on their record can expect to pay around $82 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$60|
|15 Years or Older||$58|
As you can see in the first table above, the cheapest vehicles to insure in Chesapeake are typically trucks and vans.
The typical bill for a car owner each month is in the ballpark of $62, whereas the bill for SUV owners is closer to $60.
Truck and van drivers, however, typically pay around $55.
Vehicle age also plays a role in your monthly payment. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is more than 5 years old. In Chesapeake, however, vehicles four-to-five years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
Overall, those who are currently married will pay slightly less for their car insurance. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.
In Chesapeake, single drivers pay around $12 more each month for their car insurance compared to similar drivers who are married.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$79|
One other element taken into consideration is your housing status. If you rent your home or apartment, expect to pay around $12 a month more than drivers who own property in Chesapeake. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance premiums.
Car Insurance Companies in Chesapeake, VA
Recent trends in car insurance for Chesapeake drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.
Auto insurance rates in Chesapeake rose from 2016-2018, before leveling out in 2019. They finished down in 2021, at $50 a month
How does Chesapeake compare to neighboring areas?
Why are car insurance rates in Chesapeake different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider many factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you call home. These include things like:
- Road Safety (frequency of car accidents)
- Area crime rates
- Regional regulations
- Total amount of drivers in the area
- Access to off-street parking
While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Chesapeake?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But wait! Compare.com does all of that work for you. Enter your ZIP code below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from many of the car insurance companies offering plans in Chesapeake.
Chesapeake Insurance FAQs
What factors affect car insurance quotes in Chesapeake?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Chesapeake different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, parking situations, and local laws -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Chesapeake?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Chesapeake?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Chesapeake or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.