Cheap Auto Insurance for Drivers Under 25 in Virginia

The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, specifically when looking for the best price on coverage for drivers under 25. Because it’s so expensive, let’s lead off by showing you some of the things that help determine auto insurance prices, and find a few ways to shave a little off the next policy you buy.

The vehicle model that needs insurance is probably the biggest factor when shopping for the lowest-priced car insurance for drivers under 25. Vehicles with higher performance characteristics, poor passenger safety features, or an increased likelihood of liability claims will cost more to insure than more modest models.

The list below estimates car insurance prices for some of the most economical vehicles to buy insurance for.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in garaging location in Virginia which can lower or raise premiums considerably.

Looking at the rates, you can infer that cars like the Honda CR-V, Jeep Wrangler, Chevrolet Traverse, Honda Accord, and Ford Escape are going to be a few of the most economical vehicles to insure for drivers age 25 and younger. The price for car insurance will tend to be more expensive just because there is more exposure for drivers under 25, but overall those vehicles will probably have the cheapest car insurance rates compared to other vehicles.

One of the more important components that is looked at to help calculate the price you pay for insurance is where you keep your vehicle. Areas that are densely populated or have higher claim frequency like Dale City, Lake Ridge, and Centreville tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.

The next table lists the more expensive cities in Virginia for drivers under 25 to buy car insurance in.

Rate quotes are comparative as the specific zip code location can impact coverage prices substantially.

Finding budget auto insurance is tough enough, and deciding which company has the cheapest car insurance rates for drivers under 25 takes even more shopping around. Rates will most likely be a little bit greater than the average price in Virginia due to the posibility of more claims that comes with offering coverage for drivers age 25 and younger, but economical coverage should be achievable if you compare enough rates. Each insurer uses their own method to determine premium rates, so we’ll go over the car insurance companies with the overall cheapest rates in Virginia.

It’s a good idea to know that Virginia car insurance rates are calculated based on many things that will increase or decrease the policy price. This is why it is critical to take the time to shop around to find affordable auto insurance quotes for drivers under 25. Rates are influenced by many different factors and can change substantially, so the cheapest option six months ago may now be costing you a lot of money.

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Travelers may have some of the cheapest car insurance rates in Virginia at around $673 per year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners also are some of the lowest-priced Virginia car insurance companies.

As shown in the table above, if you are a customer of Cincinnati Insurance and switched to USAA, you might see a yearly price reduction of about $17. Insureds with Auto-Owners might save as much as $49 a year, and Utica National policyholders might reduce rates by $72 a year.

If you would like to find cheap car insurance for drivers under 25 in Virginia, click here to begin a quote or quote prices from the following companies.

These premiums are averaged for all insureds and vehicles and are not factoring in a price increase for drivers under 25. So the company that fits your situation best may not even be shown in the above list. That helps illustrate why you need to get car insurance quotes using your own specific driver information and vehicle.

The illustration below shows how choosing a deductible can raise or lower insurance costs when trying to find cheap insurance for drivers under 25. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2217,2029,1815,1611],[‘Age 30’, 1557,1419,1263,1111],[‘Age 40’, 1537,1403,1253,1109],[‘Age 50’, 1349,1235,1103,979],[‘Age 60’, 1283,1175,1047,929],[‘Age 70’, 1381,1261,1133,1009]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Prices in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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 cut expenses by $284 a year by switching from a $100 deductible up to a $500 deductible, or save $428 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, could potentially save $606 annually by choosing larger deductibles on their policy. When raising deductibles, it is essential to have enough in a savings account to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Impact of speeding/accidents on Virginia car insurance rates

In a perfect world, the best way to receive cheap car insurance for drivers under 25 in Virginia is to be a careful driver and avoid traffic citations and accidents. The diagram below demonstrates how speeding tickets and accident claims can affect car insurance rates for each age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2309,2481,2959],[‘Age 30’, 1215,1387,1863],[‘Age 40’, 1197,1367,1845],[‘Age 50’, 1091,1261,1737],[‘Age 60’, 1053,1225,1701],[‘Age 70’, 1283,1451,1929]]);var options = {title: ‘Impact of Tickets and Claims on Virginia Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Virginia’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of a car insurance policy in Virginia per year with a clean driving record and no accidents is $1,358. Add in one speeding ticket and the average cost surges to $1,529, an increase of $171 each year. Then include one accident along with the one speeding ticket and the yearly cost of car insurance for drivers under 25 goes up to an average of $2,006. That’s an increase of $648, or $54 per month, just for not being attentive to the road!

How to find low-cost insurance for drivers under 25

It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help drivers locate the cheapest coverage.

• Lower rates by purchasing a safer vehicle
• Avoid accidents
• Violations like speeding or DUI increase rates
• Having too many claims will increase rates substantially
• Save money by insuring your home and auto with the same company
• Shop around and save

The last suggestion is remarkably valuable, as we hit on in this write-up. Auto insurance rates in Virginia change a lot, so don’t be afraid to change to a new company if a better rate can be found.

Sticking with a specific company is fine, but it’s not a great idea if that dedication is costing hundreds of dollars a year. Take a couple minutes and compare rates to find cheaper auto insurance for drivers under 25.