Who Has the Cheapest Auto Insurance for Retired Military in West Virginia?

The words “bargain” and “auto insurance” really shouldn’t be used together, specifically when you are trying to find the cheapest car insurance for retired military. Because of the high cost, let’s take a look at a few of the factors that significantly impact insurance prices, and see if you can cut the cost of the next policy you buy.

The car, truck, or SUV you are seeking coverage for is a large factor when comparison shopping for the lowest-priced insurance for retired military. Vehicles with average performance, excellent safety ratings, or a track record of few liability claims will cost much less to insure than adrenaline junky models.

The information below presents coverage premiums for a number of the most economical automobiles to buy coverage for.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price estimates do not factor in vehicle location which can impact premiums substantially.

Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Prices do not factor in specific location information which can decrease or increase coverage prices substantially.

Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price information does not factor in specific zip code location which can influence insurance rates substantially.

Trying to find cheap auto insurance is easier said than done, and determining which insurers offer the cheapest insurance rates for retired military may require a bit more work. Every insurance company uses a little different formula to set premium rates, so we’ll take a look at the insurance companies that tend to be cheaper in West Virginia.

It’s important that you understand West Virginia insurance rates are impacted by many factors which can significantly increase or decrease the policy price. This is why it is critical to perform a complete rate comparison when trying to find the cheapest car insurance quotes for retired military. Rates are impacted by many things and can change substantially, so the lowest-price company the last time you checked may now be an over-priced policy.

Lowest Insurance Price Quotes for Vets

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Erie has some of the most affordable car insurance rates in West Virginia at around $940 per year. The Hartford, State Auto, Westfield, and USAA also rank well as some of the cheapest West Virginia auto insurance companies.

As depicted above, if you are insured with State Auto and switched to Erie, you may see savings of approxmiately $313. Drivers with Westfield could save as much as $374 a year, and USAA customers might lower prices by up to $386 a year.

These premium estimates are averaged across all types of insureds and vehicles and are not factoring in a rate discount for retired military. So the company that fits your needs best may not even be featured in the rate chart shown above. That is why you need to quote rates from many companies using your own specific driver and vehicle information.

The illustration below illustrates how your deductible choice can impact insurance prices when researching cheap insurance for retired military. The data assumes a single male driver, full coverage, and no discounts are applied to the premium.

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The chart above illustrates that a 30-year-old driver could lower rates by $474 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $712 by changing to a $1,000 deductible. Younger drivers, such as the 20-year-old example, could lower their rates as much as $1,392 every year just by choosing larger deductibles. If you do make the decision to raise your deductibles, it’s a good idea to have enough in a savings account to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Best rates: Allstate, Geico, State Farm, or Progressive

If you want reliable car insurance for veterans, the companies that insure more vehicles than anyone else are Allstate, Geico, State Farm, and Progressive. Combined they make up about 50% of all auto insurance policies in force. The next table compares and contrasts some of the different options that policyholders can buy.

Best cheap insurance quotes for veterans

You have a lot of ways to shop for and buy insurance in West Virginia, but the most preferred methods are from an exclusive agency like Allstate or Liberty Mutual, an independent or non-exclusive agent, or direct from companies such as Geico or Progressive. They all follow the same basic process, but buyers need to know the differences in how they function.

Independent agencies can place your business with multiple companies and can compare coverage rates with each one. These agents are not employed by one specific company and can provide multiple price quotes, which may give you a better chance of saving money. If the agent locates a cheaper price, they simply move your policy to a different company which prevents you from having to find an new insurance agent.

An exclusive ageny is restricted to one insurance company, for example an Allstate or State Farm agent. These agents normally cannot provide multiple price quotes, so it’s a good idea to get additional quotes.

If you buy direct, you do not use an exlusive or independent agent and buy direct either online or via phone. This insurance option is a good choice for drivers who do not need advice for risk management and have a good understanding of how their policy works.

What is the best method for finding the cheapest auto insurance for retired military in West Virginia? The quick answer would be buying from a direct car insurance company results in the best prices since that prevents the need to pay agent commissions, but in reality, that is not true. It could also be said buying insurance from an independent agent results in the best rates since they can provide multiple quotes, but that assumption is also not necessarily accurate. For the right applicant, exclusive agencies may have prices that are the cheapest.

Because of the variability of insurance rates, the best method to buy the cheapest policy is to get rate quotes and compare. Money-saving experts recommend you get rate quotes from all three in order to find the best price. For a list of insurance companies with low rates, click here to view.