Updated: December 19, 2024
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In Virginia, the annual average cost for a full coverage car insurance policy is approximately $1,145, while minimum coverage policies typically average around $560 annually.
Rates are based on a person's age, the level of coverage they choose, the area they live in, their driving record, and credit history. Keeping a clean driving record and good credit can contribute to more affordable car insurance options.
In Virginia, the average annual cost for full coverage car insurance is approximately $1,145, making it significantly more affordable compared to the national average of $1,370, highlighting Virginia's competitive insurance market and factors like lower vehicle theft rates.
In Virginia, the average annual cost for minimum car insurance coverage is $560, significantly lower than the national average of $630, while the monthly cost stands at approximately $47 compared to the national $52.
In Virginia, the cheapest full coverage car insurance provider is Virginia Farm Bureau, offering an annual premium of approximately $744, while the most expensive option is Kemper, with an average annual rate of $2,184.
Why Trust MoneyGeek? MoneyGeek analyzed Virginia auto insurance rates using data and information from the Virginia Department of Insurance and Quadrant Information Services.
These rates reflect the average cost of car insurance in Virginia as of December 2024.
Virginia's average full coverage car insurance cost is about $1,145 annually. Knowing the average car insurance cost in Virginia can help when you begin comparing car insurance quotes.
Here's what you might pay for auto insurance in Virginia, from minimum coverage to full protection:
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,145 | $95 |
| 100/300/100 Liability Only | $696 | $58 |
| State Minimum Liability Only | $560 | $47 |
Car insurance in Virginia is generally more affordable compared to the national average cost of car insurance. The average annual premium for full coverage in Virginia with a $1,000 deductible is $1,145, which breaks down to about $95 per month. In comparison, the national average for a similar policy is $1,370 annually or approximately $114 monthly. The average annual cost for minimum coverage in Virginia is $560, compared to the national average of $630.
The more affordable cost of car insurance in Virginia is likely due to lower-than-average vehicle theft rates, fewer uninsured motorists, and a competitive insurance market.
Car insurance premiums can differ greatly between companies, even within the same state. In Virginia, for example, Virginia Farm Bureau offers the most cost-effective full coverage option at around $744 annually, while Kemper stands on the pricier end with an average annual premium of $2,184.
Shopping around can lead to significant savings, so it's crucial to check out various providers to secure the cheapest car insurance in Virginia.
| Virginia Farm Bureau | $744 | $62 |
| Travelers | $822 | $69 |
| Nationwide | $885 | $74 |
| Cincinnati Insurance | $914 | $76 |
| American Family | $923 | $77 |
| Auto-Owners Insurance Co | $982 | $82 |
| GEICO | $1,013 | $84 |
| Erie | $1,088 | $91 |
| Progressive | $1,158 | $96 |
| Mercury | $1,177 | $98 |
| State Farm | $1,233 | $103 |
| Allstate | $1,302 | $109 |
| National General | $1,606 | $134 |
| Kemper | $2,184 | $182 |
The cost of car insurance in Virginia is also impacted by the type of coverage you select. Monthly charges for minimum coverage average around $47, whereas full coverage with a $1,000 deductible typically comes in at about $95. Given the broader protection it offers, a full coverage policy is often recommended despite being more costly. This is because it can cover expenses for both your vehicle's damages and the other party's in many types of accidents, which the lower-priced minimum coverage may not. For further insight into the benefits, you can explore full coverage insurance.
Adding comprehensive and collision coverage increases your premium; however, opting for higher deductibles—say $1,000—can lessen this effect. Remember, each time you utilize your comprehensive or collision coverage, this deductible amount applies separately.
| State Minimum Liability Only | $560 | $47 |
| 100/300/100 Liability Only | $696 | $58 |
| 300/500/300 Liability Only | $789 | $66 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $1,047 | $87 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,055 | $88 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,127 | $94 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $1,137 | $95 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,145 | $95 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $1,200 | $100 |
| 300/500/300 Full Cov. w/$1,000 Ded | $1,208 | $101 |
| 100/300/1000,000 - 500 comp_coll | $1,217 | $101 |
| 300/500/300 Full Cov. w/$500 Ded. | $1,280 | $107 |
In Virginia, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident, $20,000 for property damage per accident and equal limits for uninsured/underinsured motorist coverage.
Virginia requires a minimum of $25,000 coverage for bodily injury per person to cover expenses related to injuries you may cause to another driver or pedestrian.
The state minimum for bodily injury liability per accident in Virginia is $50,000, ensuring coverage for all persons injured in a single accident.
Virginia law mandates at least $20,000 for property damage liability to pay for damages to someone else's property in an accident you cause.
Drivers in Virginia must have $25,000 coverage for uninsured motorist bodily injury per person to protect against costs from an accident with an uninsured driver.
Virginia's minimum coverage includes $50,000 for uninsured motorist bodily injury per accident, offering protection from expenses due to injuries caused by an uninsured driver.
The state requires $20,000 in uninsured/underinsured property damage coverage to cover repair costs if an uninsured or underinsured driver damages your property.
Your car insurance premiums can change just by where you live. The full coverage rate in Virginia Beach is $987, while in Norfolk, it jumps to $1,142.
In Virginia, factors like the number of uninsured drivers, local crime rates and traffic congestion can affect car insurance costs. Other considerations include state laws and the frequency of natural disasters.
| Alexandria | $1,103 | $569 |
| Arlington | $1,037 | $533 |
| Chesapeake | $1,008 | $517 |
| Hampton | $1,018 | $522 |
| Newport News | $994 | $510 |
| Norfolk | $1,142 | $575 |
| Richmond | $1,083 | $545 |
| Virginia Beach | $987 | $511 |
Age indeed influences the cost of car insurance in Virginia, with younger drivers typically seeing higher rates. Specifically, drivers aged 22 to 29 encounter the steepest premiums due to being perceived as more accident-prone. The trend in insurance costs reveals that premiums reduce noticeably when drivers enter their 30s, as they are deemed more experienced. For instance, drivers between 30 to 59 years old pay an average annual premium of about $1,145, a significant drop from the $1,441 paid by those 22 to 29 years old. As individuals age past 60, the premiums tend to plateau, averaging around $1,155 a year.
| 22-29 | $1,441 | $120 |
| 30-59 | $1,145 | $95 |
| 60 + | $1,155 | $96 |
In Virginia, car insurance rates vary by age and gender. For instance, a 16-year-old male driver added to a family policy averages a high annual cost of $3,458, the steepest premium across all ages.
Teens under 18 usually cannot legally purchase their own car insurance without a guardian's co-signature. If a 16-year-old opts for an individual policy, the premium soars to $5,904.
The average annual cost for full coverage car insurance for a 2012 car model is $968, whereas a 2022 model averages $1,197. The increase in premium is due to higher actual cash value and repair costs for newer models, along with a greater risk of theft. Drivers of newer cars should opt for comprehensive and collision coverage, offering protection against a wider range of incidents.
| 2012 Vehicle | $968 | $81 |
| 2022 Vehicle | $1,197 | $100 |
Your vehicle's actual cash value (ACV) is a key factor in determining your insurance payout for a comprehensive or collision claim. It represents your car's market value just before the incident, after depreciation. Insurers use the ACV to calculate the maximum amount they'll compensate for your loss, ensuring coverage aligns with your vehicle’s current worth.
In Virginia, your driving record plays a significant role in determining the average cost of car insurance.
Violations like tickets, at-fault accidents, and DUIs will increase car insurance premiums. The more severe the violation, the more you'll pay, and this increase will continue as long as the violation stays on your record. For instance, a DUI in Virginia can stay on your record for up to 11 years, while a speeding ticket may only affect your insurance rates for up to 5 years.
The table illustrates the average cost of minimum coverage or full coverage insurance in Virginia for various driving records and age groups.
| Clean | $1,145 | $95 |
| Ticket | $1,542 | $128 |
| At-fault Accident | $1,743 | $145 |
| DUI | $1,817 | $151 |
The average cost of car insurance in Virginia can substantially vary, with credit scores ranging from as low as $780 for those with excellent credit to a high $1,535 for drivers with poor credit. A good credit score can significantly affect your car insurance rates in this state. Lower credit scores often lead to higher insurance premiums as insurers view those individuals as riskier to insure.
| Excellent | $780 | $65 |
| Good | $927 | $77 |
| Fair | $1,108 | $92 |
| Below Fair | $1,311 | $109 |
| Poor | $1,535 | $128 |
Understanding the average cost of car insurance in Virginia hinges on several key factors directly impacting premiums. Here are some factors of importance:
Each factor is considered when calculating individual insurance premiums, which is why rates vary so widely between drivers.
To secure affordable car insurance in Virginia, compare rates from various providers, opt for a higher deductible and fully use all applicable discounts to lower premiums.
Comparing quotes from multiple insurers can lead to finding the cheapest car insurance in Virginia, as rates vary among providers.
A clean driving record free of accidents and traffic violations can significantly lower your insurance premiums, making coverage more affordable.
Opting for a higher deductible can reduce your monthly premiums, but ensure you can afford the deductible if you need to file a claim.
Bundling car insurance with other policies like homeowners or renters insurance can unlock discounts and lower overall insurance costs.
Insurance companies offer various discounts, such as for safe driving or anti-theft devices; ask your provider about available savings.
Certain cars are cheaper to insure due to safety features, repair costs and other factors; consider this when purchasing a vehicle.
In Virginia, a good credit score can lead to lower insurance rates, so improve your credit for potential savings.
Find concise explanations about car insurance rates and how you can find affordable coverage in Virginia.
In Virginia, you're required to have at least $25,000 in bodily injury coverage for each person and $50,000 per accident. For property damage, the minimum is $20,000 per incident. Additionally, uninsured motorist coverage is necessary, with $25,000 for bodily injury per person, $50,000 per accident, and $20,000 for property damage. More details can be found here.
In Virginia, the average annual cost for full coverage auto insurance is $1,145, which breaks down to about $95 per month. For the state's minimum coverage, the yearly average is $560, or roughly $47 monthly.
A 22-year-old in Virginia typically pays around $1,441 per year, or $120 monthly, for a full coverage policy with limits of 100/300/100 and a $1,000 deductible. If opting for liability-only coverage with these limits, the cost is approximately $838 annually, or $70 monthly. The state minimum liability-only coverage costs about $678 per year, equating to $57 monthly.
Some of the cheapest car insurance companies in Virginia include Virginia Farm Bureau, offering full coverage for $744 annually and minimum coverage for $311 per year.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
