ValChoice’s Virginia Car Insurance Calculator is an online tool that helps drivers estimate how much it will cost them to buy a policy and compare costs from various providers – helping drivers save money by finding the most economical rates available.
Virginia had an average full coverage premium of $2,104 in 2023 – this figure was lower than both the national and state averages, which were both $2,427. Liability-only policies averaged out to approximately $2,080 each in Virginia; higher premiums may apply for certain forms such as an SR-22 or FR-44 form which are certificates of financial responsibility high-risk drivers must obtain in order to drive legally.
Your driving history plays a major role in how much car insurance in Virginia you pay. If your record contains speeding tickets, at-fault accidents or DUI convictions, your rates will likely be more expensive than those of someone with no incidents on their record.
Age plays a key role in determining car insurance rates in Virginia. Younger drivers typically pay higher premiums due to less experience driving. There are ways that younger drivers can lower their rates such as bundling policies together or raising deductibles to bring down premium costs.
Your driving record, vehicle make and model, credit score, age and marital status all play an integral part in how much car insurance in Virginia you pay. Married drivers tend to pay less because insurers view them as lower risk drivers.
Insurance rates differ drastically between cities in Virginia and even by ZIP code due to factors like crime, traffic congestion and population density – an ideal policy may not suit someone living nearby and vice versa.
Drivers with clean records often benefit from finding car insurance providers offering competitive rates and outstanding customer service. Below is a table with five of these cheapest companies for drivers purchasing minimum liability limits required under Virginia law – these limits include $30,000 per person/$60,000 per accident bodily injury coverage as well as $20K property damage coverage per policyholder.
However, driving without liability insurance in Virginia may still be legal but is highly unadvisable as this leaves you financially responsible for any injuries or property damage you cause. Being caught without coverage could result in fines or license suspension; to prevent this scenario from happening to you, purchase a liability-only policy with minimum required coverage or increase it with higher amounts. WalletHub conducted analysis using ratings from JD Power’s 2023 U.S. Insurance Shopping Study ratings to identify which companies offer cheaper auto insurance rates to drivers with clean records.