Hopewell, VA Car Insurance

Hopewell drivers pay, on average, around $68 a month for their car insurance. For more information refer to our guide below.
What can Hopewell residents expect to pay for their car insurance? Are rates in Hopewell higher or lower than those in neighboring areas? How do they compare to the rest of Virginia? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Hopewell?

Area Average Monthly Car Insurance Premium
Hopewell$68
VA$61
United States$81

You can see in the chart above that it's around $7 a month more expensive to insure your vehicle in Hopewell than it is in the rest of Virginia.

On the other hand, car insurance rates in Hopewell are more affordable than the national average. On average, it's about $13 less to insure your vehicle in Hopewell than it is in the rest of the U.S.

Bear in mind that while these rates are the average costs for drivers in Hopewell, it doesn't mean that's what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.

We've broken down the average rates for Hopewell to help you understand what exactly you might be asked to pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$112
25-34$62
35-44$55
45-54$50
55-64$45
65+$49

The longer you've been behind the wheel, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to car insurance bills. According to the table above, you can see that 18-24-year-olds pay twice as much as drivers 65 and older.

You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement your rates may creep back up a bit in Hopewell.

Average Car Insurance Rates by Gender

Gender Average
Male$76
Female$62

On average, female drivers pay slightly less than male drivers for car insurance. This is true in Hopewell, where male drivers pay about $14 more a month. As illustrated in the table above, female drivers in the area pay about $62 on average, while male drivers pay around $76 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$87
Multiple Accidents$82
1 Ticket$71
Multiple Tickets$85

One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. In Hopewell, having a single accident on your record will usually get you rates around $87 a month. In addition, drivers with a single ticket on their record can expect to pay around $71 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$57
2-3 Years$72
4-5 Years$55
6-7 Years$77
8-10 Years$64
11-14 Years$78
15 Years or Older$63

According to the first table above, the cheapest vehicles to insure in Hopewell are by and large trucks and vans, at $55 per month.

SUV drivers will see rates of about $65, while the rates for car owners average out to about $71 per month.

Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you might start to see your rates slide back down slightly. In Hopewell, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$74
Married$52
Divorced$53
Widowed$43

Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.

At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Hopewell as well, where the difference is around $22 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$58
Rent$68
Live with parents$92

Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $10 a month more than those who own their own home in Hopewell. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your overall costs.

Car Insurance Companies in Hopewell, VA

Recent trends in car insurance for Hopewell drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.

In Hopewell, auto insurance rates rose from 2017-2018, before leveling out in 2019. Policy premiums began increasing again in 2020, and finished down in 2022, at $76 a month.

How does Hopewell compare to neighboring areas?

Why are car insurance rates in Hopewell different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate a number of factors. While we mentioned the factors that affect your personal policy, others are based around where you live and drive. These include things like:

  • Number of car accidents
  • Regional laws
  • Off-street parking accessibility
  • Amount of drivers in the community
  • Local crime rates

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.

How can I find the cheapest car insurance in Hopewell?

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. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies offering coverage in Hopewell.

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Hopewell Insurance FAQs

What factors affect car insurance quotes in Hopewell?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Hopewell different from other neighboring cities?

Auto insurance companies consider regional factors, such as crime rates, parking situations, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Hopewell?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Hopewell?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

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 time, regardless of how long is left on your current policy. So, if you've recently moved to Hopewell or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.

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