It’s impossible to miss the captivating commercials from auto insurance companies like Allstate and Farmers that promise big savings. So drivers just need to pick the company with the best ad, right?
It’s not that simple, unfortunately, as there are many unknown elements such as if your vehicle is for work or personal use, whether or not you are currently insured, and if you are wanting full coverage, that all impact the price you pay. This article delves into these factors and others that can influence the price of auto insurance and also should give you a good beginning to your quest for cheaper car insurance in Virginia.
Trying to find low-priced insurance is tough enough, and finding out which companies offer the lowest-priced car insurance rates for veterans will require additional perseverance. Each insurance company uses different criteria for filing rates in each state, so let’s take a look at the car insurance companies that tend to be cheaper in Virginia.
We do need to point out that Virginia car insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Price variation is why it is important to spend some time comparing rates when trying to get the most budget-friendly car insurance quotes for veterans. Insurance rates consist of many factors and can change substantially, so the most economical company the last time you compared rates may now be wasting a lot of money.
Best Auto Insurance Prices for Vets
Rank | Company | Cost Per Year |
---|---|---|
1 | Travelers | $659 |
2 | USAA | $688 |
3 | Penn National | $718 |
4 | Cincinnati Insurance | $733 |
5 | Utica National | $758 |
6 | Erie | $780 |
7 | Auto-Owners | $788 |
8 | The Hartford | $801 |
9 | Virginia Farm Bureau | $834 |
10 | Donegal Mutual | $852 |
11 | Nationwide | $953 |
12 | ALFA | $988 |
13 | GEICO | $1,006 |
14 | Allied | $1,022 |
15 | National Grange Mutual | $1,060 |
16 | State Farm | $1,099 |
17 | Chubb | $1,134 |
18 | Electric | $1,180 |
19 | Amica | $1,241 |
20 | Progressive | $1,259 |
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Travelers offers some of the cheapest car insurance rates in Virginia at around $659 annually. USAA, Penn National, Cincinnati Insurance, and Utica National also rank well as some of the most economical Virginia insurance companies.
In the above example, if you currently buy coverage from Cincinnati Insurance and switched to USAA, you may realize a yearly price reduction of approxmiately $45. Virginia drivers with Utica National may save as much as $70 a year, and Erie policyholders might realize rate reductions of up to $92 a year.
If you want to see how much you could save, click here to start your custom quote or visit any of the low-priced companies below.
Bear in mind that those policy rates are averages for all insureds and vehicles and are not factoring in a price discount for veterans. So the insurer that has the cheapest rates for you may not even be featured in the chart above. That’s why you need to compare rates from multiple companies using your own driver data and vehicle information.
For veterans, one of the big considerations that is used by car insurance companies to calculate the cost of insurance is where your home is located in Virginia. Areas with a lot of weather claims or more people like Burke, Lake Ridge, and Dale City will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The illustration below ranks the most costly cities in Virginia for veterans to purchase car insurance in.
Rank | City | Average Per Year |
---|---|---|
1 | Burke | $1,068 |
2 | Richmond | $1,015 |
3 | Lake Ridge | $1,012 |
4 | Alexandria | $1,005 |
5 | Dale City | $998 |
6 | Centreville | $997 |
7 | Reston | $992 |
8 | McLean | $985 |
9 | Arlington | $983 |
10 | Norfolk | $970 |
11 | Hampton | $963 |
12 | Newport News | $948 |
13 | Tuckahoe | $939 |
14 | Virginia Beach | $938 |
15 | Portsmouth | $934 |
16 | Ashburn | $929 |
17 | Chesapeake | $926 |
18 | Danville | $922 |
19 | Suffolk | $910 |
20 | Leesburg | $895 |
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Prices are estimated as the specific Virginia residence address can modify insurance rates considerably.
We all like different vehicles, and the type of vehicle on the policy is a significant factor when shopping around for the most economical auto insurance for veterans. Vehicles with more horsepower, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than more modest models. The information below showcases insurance rates for a selection of the most economical automobiles to insure in Virginia.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Ford Fusion Sport 4-Dr Sedan | $846 | $423 | $71 |
Honda Accord EX 2-Dr Coupe | $884 | $442 | $74 |
Honda Civic EX-L 4-Dr Sedan | $872 | $436 | $73 |
Hyundai Elantra SE Touring Station Wagon | $722 | $361 | $60 |
Hyundai Sonata GLS 4-Dr Sedan | $840 | $420 | $70 |
Kia Optima LX | $840 | $420 | $70 |
Nissan Altima 2.5 4-Dr Sedan | $786 | $393 | $66 |
Toyota Corolla LE | $830 | $415 | $69 |
Volkswagen Jetta S 4-Dr Sedan | $786 | $393 | $66 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Estimates do not factor in vehicle garaging location which can raise or lower insurance rates considerably.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Traverse LT 2WD | $696 | $348 | $58 |
Ford Escape Limited 4WD | $722 | $361 | $60 |
Ford Explorer Limited 2WD | $802 | $401 | $67 |
GMC Acadia SLT AWD | $802 | $401 | $67 |
Honda CR-V EX-L 2WD | $680 | $340 | $57 |
Honda Pilot EX 4WD | $760 | $380 | $63 |
Hyundai Tucson GLS 4WD | $744 | $372 | $62 |
Jeep Grand Cherokee Laredo 4WD | $786 | $393 | $66 |
Jeep Patriot Sport 2WD | $728 | $364 | $61 |
Subaru Forester XT AWD | $798 | $399 | $67 |
Toyota 4Runner SR/5 2WD | $738 | $369 | $62 |
Toyota Highlander Sport 4WD | $802 | $401 | $67 |
Toyota RAV4 2WD | $786 | $393 | $66 |
Volvo XC90 V8 AWD | $904 | $452 | $75 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can alter coverage rates considerably.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Silverado 2500HD LT Crew Cab 2WD | $942 | $471 | $79 |
Chevrolet Silverado Crew Cab Hybrid 2WD | $888 | $444 | $74 |
Dodge Ram 2500 Crew Cab SLT 4WD | $972 | $486 | $81 |
Dodge Ram 3500 Mega Cab Laramie 2WD | $918 | $459 | $77 |
Dodge Ram Crew Cab Sport 4WD | $916 | $458 | $76 |
Ford F-150 SVT Raptor Super Cab 4WD | $802 | $401 | $67 |
GMC Sierra 3500HD SLE Crew Cab 2WD | $862 | $431 | $72 |
GMC Sierra SLE Extended Cab 4WD | $846 | $423 | $71 |
Toyota Tacoma Double Cab 4WD | $786 | $393 | $66 |
Toyota Tundra Limited Crew MAX 4WD | $916 | $458 | $76 |
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific location which can decrease or increase premium rates significantly.
The recommended way to enjoy good car insurance premiums in Virginia for veterans is to drive safe and maintain a clean driving record. The example below illustrates how violations and accidents drive up insurance prices for different age groups. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2089,2275,2807],[‘Age 30’, 1455,1645,2173],[‘Age 40’, 1349,1537,2067],[‘Age 50’, 1181,1369,1899],[‘Age 60’, 1139,1327,1859],[‘Age 70’, 1325,1513,2041]]);var options = {title: ‘Effect of Tickets and Accidents on Virginia Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Virginia’,minValue: 0,format: ‘$###,###’},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);}
In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $1,423. Receive one speeding ticket and the average cost rises to $1,611, an increase of $188 each year. Now add in one accident along with the one speeding ticket and the yearly cost of car insurance for veterans jumps again to an average of $2,141. That’s an increase of $718, or $60 per month, just for not being attentive to the road!
If you’re looking for the cheapest car insurance for veterans in Virginia, the most popular companies are Progressive, State Farm, Geico, and Allstate. All offer liability and physical damage insurance, but each one has slightly different coverages and options that shoppers can choose from. The table below rates ratings for price and service, as well as some optional coverages shoppers can find with each company.
Progressive | State Farm | Geico | Allstate | |
---|---|---|---|---|
Client Satisfaction | 3rd | 4th | 1st | 2nd |
Discounts Offered | 4th | 3rd | 2nd | 1st |
Overall Price | 3rd | 2nd | 1st | 4th |
Claims Rank | 4th | 2nd | 3rd | 1st |
U.S. market share | 8.8% | 18.3% | 11.4% | 10% |
Percent of customers who recommend | 88% | 88% | 87% | 86% |
A.M. Best financial rating | A+ | A++ | A++ | A+ |
Standard & Poor’s rating | AA | AA | AA+ | AA- |
Emergency roadside assistance | Yes | Yes | Yes | Yes |
Accident forgiveness | Yes | No | Yes | Yes |
Rate for vehicle usage | Yes | Yes | No | Yes |
New car replacement insurance | No | No | No | Yes |
Rideshare coverage | Yes | Yes | Yes | Yes |
Mechanical breakdown insurance | Yes | No | Yes | No |
Where you can buy | Indpendent agents or online | State Farm exclusive agents | Can buy online or use a Geico agent | Allstate exclusive agents |
Number of agents | 30,000+ | 18,000+ | 150+ | 11,000+ |
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