An auto insurance calculator offers you a fast estimate of the cost of policies tailored to meet your unique needs. It can help you quickly determine how much coverage costs – liability, comprehensive and collision, as well as uninsured motorist protection coverage costs – will add up. However, every insurer evaluates personal rating factors differently so it is still wise to compare rates before settling on one policy provider.
Virginia car insurance calculators can give you a general sense of how much your policy will cost, taking into account factors such as vehicle type and driver profile. But this calculator cannot give a full picture of your auto coverage costs since premiums vary significantly between providers as well as even within each provider’s offerings.
Virginia law mandates drivers must carry liability coverage of at least $25,000 per person or up to $50,000 for multiple victims in an accident and $20,000 in property damage coverage. Some drivers may opt to add collision and comprehensive coverage, with costs depending on vehicle value, whether roadside assistance is desired and whether comprehensive/collision is added as an add-on feature or not. On average, comprehensive/collision will increase annual premium costs by an estimated $408 amount over and above minimum requirements.
Insurance companies in Virginia take several factors into account when calculating car insurance premiums, including age, gender and credit score. Teen drivers in particular often pay much higher premiums due to inexperienced and reckless behavior making them more prone to crashes (the crash rate for teens being four times greater than drivers 20 years and up according to the Insurance Institute for Highway Safety).
Rating factors also take into account your driving record and vehicle. Speeding tickets or DUI convictions may contribute to an increased premium; some insurers offer discounts for those with clean records while others do not; it is best to shop around until you find a company offering competitive prices for coverages you require.
Full coverage insurance policies tend to be the most costly choice in Virginia, covering both collision and comprehensive. Their prices depend on your car’s value – use our car valuation tool to estimate this figure! However, it may be possible to find cheaper comprehensive and collision policies from carriers who don’t provide full coverage policies.
When searching for cheap car insurance in Virginia, one approach may be finding basic liability-only policies as an affordable solution. Although minimum coverage requirements exist under Virginia law, opting for minimum protection leaves you open to risk and isn’t advised by insurance professionals; full coverage policies might not always fit within budget either.