How Much is Car Insurance for Good Students in Virginia?

For student drivers, one of the big things that is used to help calculate auto insurance rates is the neighborhood you call home in Virginia. Areas with more people like Burke, McLean, and Centreville will most likely pay more, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.

The table below shows the priciest cities in Virginia for good students to buy auto insurance in.

Price information shown is estimated as the specific garaging location can influence auto insurance rates substantially.

The type of vehicle you are buying coverage for is a large consideration when looking for low-cost coverage for good students. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models. The next table outlines car insurance costs for some of the most affordable automobiles to insure.

Cost estimates assume single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in garaging location in Virginia which can increase or decrease premium rates considerably.

Looking at the data, models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Chevrolet Traverse should be the most economical vehicles to insure for student drivers.

Finding reliable, reasonably-priced insurance is not the easiest thing to do, and deciding which companies have the most affordable car insurance rates for good students will involve even more perseverance.

Each auto insurance company has a proprietary formula to determine premium rates, so we need to take a look at the overall cheapest car insurance companies in Virginia. It’s a good idea to be aware that Virginia car insurance rates are influenced by many factors that may substantially change the cost of your policy. Simply getting older, moving to a different location, or having an at-fault accident may cause policy rate changes that can cause some rates to be more expensive than others.

Best Car Insurance Prices for Students

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Travelers normally has some of the best car insurance rates in Virginia at around $673 a year. USAA, Penn National, Utica National, and Cincinnati Insurance also qualify as some of the cheapest Virginia car insurance companies.

As illustrated above, if you currently have coverage with Penn National and switched to Travelers, you might see an annual savings of upwards of $75. Policyholders with Utica National may save as much as $85 a year, and Cincinnati Insurance customers might lower prices by up to $90 a year.

To find cheap car insurance for good students in Virginia for your vehicle, click here to get a free quote or visit any of the low-priced companies below.

Understand that those premiums are averaged for all drivers and vehicles and do not take into consideration a price decrease for good students. So the car insurance company that can offer you the lowest price may not even be included in the rate chart shown above. That is why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Price comparison of only insuring for liability

Finding cheap car insurance for good students in Virginia is important to most drivers, and one common way to pay less for insurance is to buy liability only. The illustration below shows the difference between auto insurance costs when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

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If averaged out across all ages, physical damage insurance costs $1,625 per year over and above liability coverage. Many of you may wonder if you should buy full coverage. There is no clear-cut formula for dropping full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

How to get cheap car insurance for good students in Virginia

The list below shows some of the recommended thrifty ideas that can help Virginia drivers get lower-cost coverage.

• Avoid speeding and other traffic citations and pay less
• Drivers with good credit ratings often pay less
• At-fault accidents can raise rates significantly
• Higher physical damage deductibles lower rates
• Try paying for small claims out-of-pocket
• Multi-policy discounts save money
• Shop around for cheaper prices often

The last tip in the list is incredibly critical, as we noted in this article. Auto insurance prices in Virginia fluctuate considerably, so drivers shouldn’t be reluctant to buy a policy from a new company if a more affordable price is available. Staying with the same company for years is fine, but is isn’t recommended if that loyalty results in overpaying big bucks every year. If you have a few minutes, now is a great time to shop around and find cheaper car insurance for good students.