Cheapest Car Insurance Quotes for Low Mileage Drivers in Virginia

The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, specifically when you are searching for the cheapest coverage for low mileage drivers. Let’s open your eyes to a few of the factors that determine auto insurance prices, and see if we can help you cut the cost of the next policy you buy.

Cost and performance of the vehicle driven is one of the largest considerations when looking for cheap coverage for low mileage drivers. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than more economical and safe models. The next lists shows insurance prices for a handful of the most economical vehicles to insure in Virginia.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rates do not factor in garaging location in Virginia which can influence insurance rates noticeably.

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

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific Virginia garaging location which can decrease or increase insurance rates noticeably.

Comparing rates for budget insurance is not most people’s favorite thing to do, and determining which company quotes the cheapest car insurance rates for low mileage drivers will take even more work.

Each insurance company has a unique approach for establishing rates, so we need to take a look at the car insurance companies with the overall best prices in Virginia. It’s important to understand that Virginia car insurance rates are calculated based on many things that control the cost of having a policy. Improving your credit rating, buying a different home, or getting a ticket for running a stop sign can trigger changes in premium resulting in some companies being higher-priced than the competition.

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Travelers offers some of the cheapest car insurance rates in Virginia at around $653 per year. USAA, Penn National, Cincinnati Insurance, and Erie also qualify as some of the cheaper Virginia car insurance companies.

As the example above demonstrates, if you are a customer of Cincinnati Insurance and switched to Travelers, you may see yearly savings of about $80. Insureds with Erie could save as much as $127 a year, and Auto-Owners customers might reduce rates by $135 a year.

To find out how much you can save, click here or visit several of the following companies.

Understand that those policy rates are averaged for all drivers and vehicles in Virginia and are not factoring in a price discount for low mileage drivers. So the company that is best for you may not even be included in the above rate chart. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

For infrequent drivers, one of the more important things used to determine the cost of insurance is where you normally keep your vehicle in Virginia. Areas that are densely populated or have higher claim frequency like Burke, Lake Ridge, and Dale City tend to pay more, whereas areas with less congestion get the luxury of paying less.

The following table illustrates the most costly cities in Virginia for low mileage drivers in which to buy car insurance.

Premium amounts are comparative as vehicle location can modify coverage rates substantially.

How much more does full coverage cost?

Finding the cheapest auto insurance for low mileage drivers in Virginia is probably important to most vehicle owners, and an effective way to lower the cost of insurance is to only buy liability insurance. The example below compares insurance costs when comparing full coverage to liability only. The data is based on no accidents or driving violations, $100 deductibles, drivers are single, and no additional discounts are factored in.

As an average, physical damage coverage costs an extra $1,981 per year more than just buying liability insurance. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no definitive formula for excluding physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying the physical damage deductible. If premiums are more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.

Progressive, State Farm, Geico, and Allstate compared

When shopping for car insurance for infrequent drivers, four companies to definitely compare rates with are Progressive, State Farm, Geico, and Allstate. The data below breaks down some of the different features that are available for customers.