How Much Does Car Insurance Cost After a Speeding Ticket in Virginia?

The cost and performance of the vehicle you are insuring is one of the largest considerations when comparing quotes for cheap auto insurance after a speeding ticket in Virginia. Vehicles with high performance features, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The lists below estimates coverage premiums for a selection of the cheapest automobiles to buy insurance for.

Premium data assumes married male driver age 30, two speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, and claim-free. Price estimates do not factor in your specific Virginia location which can decrease or increase auto insurance rates noticeably.

Prices based on married male driver age 30, two speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in vehicle location which can influence coverage prices considerably.

Data based on married male driver age 30, two speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in zip code location which can decrease or increase coverage rates greatly.

Deciding which companies quote the lowest-priced insurance rates after a speeding ticket will require a bit more effort than just getting one or two price quotes. Each insurer uses their own formula for determining rates in each state, so let’s take a look at the insurance companies that tend to have lower prices in Virginia.

It’s important that you understand Virginia insurance rates are impacted by many things which can substantially change the price of your policy. Improving your credit score, buying a different home, or getting a speeding ticket can cause premium changes that can cause some rates to be more affordable than others.

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Travelers may offer some of the cheapest car insurance rates in Virginia at around $673 a year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners also make the cut as some of the cheapest Virginia car insurance companies.

As shown in the table above, if you are insured with USAA and switched to Travelers, you might achieve a yearly price reduction of around $43. Insureds with Penn National could save as much as $67 a year, and Cincinnati Insurance policyholders might lower prices by up to $68 a year.

Bear in mind that those policy rates are averages for all drivers and vehicles in Virginia and and are not calculated with a rate discount after a speeding ticket. So the car insurance company that has the lowest price for you may not even be included in the rate chart shown above. That point stresses why you need to get car insurance quotes using your own driver information and specific vehicle type.

When shopping for cheaper insurance after a few driving violations, one of the many components that establish auto insurance rates is where you normally keep your vehicle in Virginia. Areas with high crime rates or more dense population like Burke, Lake Ridge, and Centreville tend to pay higher rates, whereas areas with less traffic congestion and claims benefit from lower rates.

The next table ranks the most expensive cities in Virginia after a speeding ticket to purchase auto insurance in.

Prices are comparative as the garaging address in Virginia can revise coverage rates noticeably.

Cost of full coverage in Virginia

Finding cheap auto insurance after a speeding ticket in Virginia is important to the majority of people, and one easy way to save on the cost of insurance is to buy liability only. The chart below compares insurance prices when comparing full coverage to liability only. The price estimates are based on no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are applied to the premium.

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Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $1,813 per year over and above liability only. That raises the question if buying full coverage is worth the money. There is no written rule of when to phase out physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

The example below illustrates how choosing a deductible can increase or decrease annual premium costs when researching cheap insurance after a speeding ticket. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3423,3115,2781,2467],[‘Age 30’, 1743,1605,1441,1287],[‘Age 40’, 1743,1589,1421,1257],[‘Age 50’, 1583,1449,1297,1153],[‘Age 60’, 1529,1401,1255,1117],[‘Age 70’, 1867,1717,1553,1399]]);var options = {title: ‘Deductible Levels and Auto Insurance Cost in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could pocket $322 a year by switching from a $100 deductible up to a $500 deductible, or save $486 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, could shave as much as $956 annually just by choosing larger deductibles. If you make the decision to raise deductibles, it will be required to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Which major car insurance company is best?

When shopping for auto insurance after a few driving violations in Virginia, some of the largest companies to start with are State Farm, Geico, Progressive, and Allstate. If you put them all together, they insure about half of the entire U.S. auto insurance market. The table below compares and contrasts some of the different options that may be available in Virginia.

Cheap insurance quotes after a few driving violations

Drivers have many ways to shop around for insurance in Virginia, but the three most common ways are using an independent or non-exclusive agent, an exclusive insurance agent like Allstate or Auto-Owners, or from a direct company like Geico or Progressive.

You can use whichever you prefer, but they are slightly different in how they give price quotes.

Independent agencies can place your business with multiple companies and can compare coverage rates with each one. These agents have the freedom to provide you with more rate quotes, which may give you the best shot at cutting your rates. If your agent finds better pricing, your policy is moved internally which makes it simple for you.

An exclusive ageny is only able to quote rates from just one company, for example State Farm and Allstate agents. These agents normally cannot quote rates from more than one company, which will not provide a complete price comparison.

The last way is buying direct, which means you skip an independent or exclusive agent and buy direct either online or via phone. Buying direct may be a decent choice families who do not need high levels of coverage and have a decent understanding of what specific coverages and deductibles they need.

Out of those three methods, which one works best for finding cheap auto insurance after a speeding ticket in Virginia? We wish we could say buying direct results in the cheapest rates because there are no middleman commissions, but in reality, that argument does not hold true. It could also be said an independent agent saves the most money since there are more companies to choose from, but again, that’s not accurate. For some people, exclusive agencies have very competitive rates that are the lowest in Virginia.

Since insurance rates vary so much, the best method to ensure you are not overpaying is to get rate quotes and compare. We recommend you get rate quotes from all three in order to find the best price. For a list of companies with online discounts, click here to view.