Cheapest Auto Insurance for Lyft Drivers in Virginia

It’s hard to avoid all the ads from auto insurance companies like GEICO, State Farm, and The General that claim the cheapest rates, so drivers should just choose any one of them, right?

Unfortunately, it’s not that simple as there are a whole slew of unknown elements such as if you are requesting full coverage, any prior traffic citations, how safe your vehicle is, and what level of deductibles you wish to have, that help determine the price you have to pay. This article will cover these things and also should give you a solid foundation to find cheaper car insurance in Virginia.

One of the more important considerations that control car insurance rates is where you choose to live in Virginia. Areas with more people or more claims like Dale City, Lake Ridge, and Alexandria tend to pay higher rates, whereas areas that are not as densely populated tend to receive cheaper rates.

The table below shows the most expensive cities in Virginia for Lyft drivers to buy an auto insurance policy in.

Rate quotes are estimated as the specific area where the vehicle is garaged can lower or raise premium rates significantly.

The make and model of vehicle requiring insurance is probably the biggest factor that determines whether or not you find affordable auto insurance for Lyft drivers. Vehicles with higher performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The data below ranks car insurance rates for a selection of the cheaper vehicles to insure in Virginia.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Prices do not factor in vehicle garaging location which can lower or raise auto insurance rates considerably.

Based upon the rates shown, you can conclude that vehicles like the Kia Forte, Honda CR-V, and Ford Escape will be some of the most economical vehicles to insure for Lyft vehicles.

Discounts on Virginia auto insurance

Insurance companies that provide the cheapest auto insurance for Lyft drivers in Virginia may also give you policy discounts that may potentially lower prices by 25% or more if you meet eligibility requirements. Large insurance companies and a selection of discounts can be read below.

• State Farm may offer discounts for multiple policy, anti-theft, passive restraint, Drive Safe & Save, and driver’s education.
• Farmers Insurance policyholders can earn discounts including business and professional, youthful driver, pay in full, electronic funds transfer, teen driver, early shopping, and switch companies.
• GEICO offers discounts for daytime running lights, seat belt use, five-year accident-free, military active duty, membership and employees, multi-vehicle, and defensive driver.
• American Family offers premium reductions for defensive driver, air bags, bundled insurance, multi-vehicle, and good student.
• Nationwide has savings for Farm Bureau membership, accident-free, easy pay, multi-policy, business or organization, anti-theft, and family plan.
• Progressive has discounts for online quote discount, multi-policy, homeowner, multi-vehicle, online signing, good student, and continuous coverage.

The information below illustrates the comparison of insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no accidents or driving violations, Virginia state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, multiple vehicle, claim-free, vehicle safety, homeowner, and anti-theft discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for Lyft drivers is 28% or $367.

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