Virginia car insurance rates are some of the lowest nationwide, making Virginia an excellent choice for drivers seeking cost-effective coverage. Still, several factors can impact the price of your policy such as coverage type chosen or driving history (for instance DUI/moving violations can cause rates to increase significantly). Policygenius makes comparison easier so you can easily view quotes from top providers and find an appropriate policy plan that meets your needs.
Virginia drivers can expect to pay an average annual premium of $1,349 for full coverage car insurance policies, although the actual costs will depend on various factors including age, driving history, credit score and location. These variables help determine your risk level which in turn determines your premiums; in particular if there have been recent accidents or violations on your record which affect your rates accordingly.
Teenage drivers typically pay higher car insurance premiums due to having limited driving experience and being classified as high-risk by insurers. Furthermore, having poor credit can drive rates even higher; however, rates typically decrease with age and experience gained.
Drivers aged 30-44 typically enjoy lower car insurance premiums in Virginia due to having established an excellent driving history that most insurers deem low-risk.
As one might anticipate, car insurance costs in Virginia vary widely by city. For instance, drivers in Charlotte may pay more for car insurance than drivers in Norfolk because certain cities may experience higher levels of crime or an increased likelihood of accidents.
Virginia car insurance requirements stipulate minimums of $25,000 bodily injury liability per person involved in an accident and $20,000 property damage liability per incident, though experts advise all drivers to purchase higher limits with comprehensive and collision coverage for additional protection.
If you are having difficulty finding car insurance through the voluntary market, Virginia Automobile Insurance Providers Assistance Program (VAIP) offers an alternative. VAIP acts as a pool of insurers that help cover drivers who cannot afford regular coverage – although before making this application to VAIP you must attest that you have tried and been unsuccessful in finding one on your own first.
While Virginia offers affordable car insurance options, costs can quickly skyrocket if there are multiple accidents or violations on your record. To limit such incidents from happening again, maintain a clean driving history by staying away from unnecessary extras like unnecessary extra coverages.