How Much Does Auto Insurance Cost for Drivers with Bad Credit in West Virginia?

The vehicle model that is being insured is one of the primary factors when consumers are trying to find the most affordable auto insurance for drivers with bad credit. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than higher performance models.

The lists below estimates coverage costs for a number of the most budget-friendly vehicles to buy coverage for.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific zip code location which can decrease or increase coverage prices considerably.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in garaging location in West Virginia which can modify price quotes greatly.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific location information which can increase or decrease rates significantly.

Locating low-cost car insurance is easier said than done, and finding out which insurers offer the cheapest car insurance rates for drivers with bad credit will take even more rate comparisons. Coverage rates will more than likely be moderately greater than the average price in West Virginia, with the increase attributed to the additional risk that goes along with offering insurance for people with poor credit, but reasonable coverage should be available if you compare enough rates. Each company uses their own calculation to determine premium rates, so we need to take a look at the overall cheapest car insurance companies in West Virginia.

It’s important to understand that West Virginia car insurance rates are impacted by many factors that can increase the price you have to pay for coverage. Getting older, buying a home, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be more expensive than others.

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Erie quotes some of the best car insurance rates in West Virginia at around $913 each year. The Hartford, State Auto, Westfield, and USAA are also some of the best West Virginia insurance companies.

As shown above, if you are a customer of The Hartford and switched to Erie, you could realize an annual premium reduction of in the neighborhood of $147. Customers with State Auto could save as much as $303 a year, and Westfield customers might see rate reductions of $349 a year.

These premium estimates are averages across all insureds and vehicles and are not factoring in a price increase for drivers with bad credit. So the car insurance company that can offer you the best price may not even be featured in the list of companies shown earlier. That point stresses why you need to get auto insurance quotes using your own driver data and vehicle information.

One of the more important components that affect a rate quote is where you call home. Areas with more people or higher crime rates like Beckley, Elkins, and Dunbar tend to have higher rates, whereas areas that are not as densely populated benefit from lower rates.

The following table ranks the most expensive areas in West Virginia for drivers with bad credit to purchase car insurance in.

Rates are estimated as the garaging address in West Virginia can modify coverage prices significantly.

Discounts on cheap insurance for drivers with bad credit in West Virginia

Car insurance companies that offer cheap quotes for drivers with bad credit may also provide special discounts that may potentially lower prices by 30% or more if you meet eligibility requirements. Large car insurance companies and some of the premium reductions they offer are:

• GEICO may have discounts that include seat belt use, anti-lock brakes, federal employee, emergency military deployment, driver training, and multi-policy.
• Travelers discounts include driver training, save driver, new car, IntelliDrive, and hybrid/electric vehicle.
• Farm Bureau has discounts for safe driver, 55 and retired, good student, driver training, and renewal discount.
• Liberty Mutual includes discounts for safety features, new graduate, newly married, hybrid vehicle, and exclusive group savings.
• American Family offers premium reductions for defensive driver, accident-free, multi-vehicle, TimeAway discount, bundled insurance, and good driver.
• Progressive offers discounts including online signing, continuous coverage, multi-policy, homeowner, online quote discount, and multi-vehicle.

The diagram below illustrates the difference between auto insurance costs with and without discounts applied to the policy premium. The premiums are based on a female driver, no claims or driving citations, West Virginia state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, marriage, safe-driver, accident-free, passive restraint, and homeowner discounts applied. When discounts are factored in, the average savings per year on car insurance for drivers with bad credit is 28% or $411.

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