ValuePenguin.com analyzed car insurance premiums to give the state's 5.7 million licensed drivers an idea of the best auto insurance rates in Virginia. We studied car insurance rates by company, city, and profile, and found the overall average to be $2,737 for a standard liability protection.
While $2,737 was the mean blended premium, we found that rates could vary quite widely. In fact, for the same driver, we saw the difference between the minimum and maximum car insurance costs to be as much as 7x between different companies and cities. This is why to find the best rates, consumers should shop around. Type your zip code below to start shopping great quotes from the top auto insurance companies in your annual premiums below are based on auto insurance coverage that adds uninsured / underinsured motorist coverage, medical payments, and some comprehensive and collision protection in addition to the minimum insurance liability limits in the state of Virginia.
Based on the sample rates below, prospective policyholders can see how researching and comparing rates result in a more informed decision. The difference between the most expensive and lowest rates is $4,206, which could have almost paid for four more years of car insurance at USAA. For non-military drivers, that delta is $3,714 between Progressive Direct Insurance Company and Travelers Home and Marine Company. Read below for the best car insurance companies ranked by premiums.ased on survey data, the three companies with the cheapest auto insurance rates wereUSAA, Garrison Property and Casualty Insurance Company, and Traveler's Home & Marine Company. Since the first two are specialty auto insurers (USAA and Garrison are affiliated companies that provide financial services for members of the military forces), we'll add two more to the list:GEICO Casualty and Mid Century Insurance(a subsidiary of Farmers Insurance). Annual auto insurance rates for GEICO, Travelers, and Mid Century averaged out to $1,729, which was about 37% cheaper than the average in the state.
Most Expensive Auto Insurers
At the other end of the spectrum, the three most expensive insurers in the survey were: Progressive Direct Insurance Company, Nationwide Mutual Insurance Company, and Liberty Mutual Insurance Corp. The average of these three companies is $5,294, which is almost twice the overall state average (93% higher). This helps to illustrate that underwriting criteria and methodologies can differ widely for the same profile across multiple insurers, and that consumers should compare rates at a few insurers to understand what a fair market rate for their policy would cost.
Average Cost of Car Insurance in Virginia: by City
The areas sampled in the study represent a blend of the state capital, large cities, and smaller rural areas. In general, across cities, there was not much variation in the cost of insurance across the 25 underwriters and three driver profiles in the study. Roanoke, with a population of 97,000 was the cheapest place to insure a car at $2,364 a year. Alexandria, the most expensive city in the sample, w