Virginia Farm Bureau offers the cheapest minimum coverage for most low-income drivers in Virginia with clean records and good credit. Auto-Owners and Mercury are often more affordable if you have bad credit or violations.
Cheapest Low-Income Car Insurance in Virginia
Updated: February 6, 2025
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Key Takeaways
Virginia lacks a low-income car insurance program, but affordable plans are available to meet state minimum coverage requirements.
Virginia Farm Bureau, Mercury, Auto-Owners and American Family are Virginia's most budget-friendly options for low-income drivers.
Low-income drivers should compare different providers and look for discounts to maximize savings.
Cheapest Car Insurance Companies for Low-Income Drivers in Virginia
| Virginia Farm Bureau | Young Drivers | $30 |
| Virginia Farm Bureau | Adults | $29 |
| Mercury | Seniors | $30 |
| Auto-Owners | Drivers With a Speeding Ticket | $40 |
| Virginia Farm Bureau | Drivers With a DUI | $36 |
| Auto-Owners | Drivers With an Accident | $35 |
| Mercury | Bad Credit | $43 |
*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.
Compare Cheap Low-Income Car Insurance Providers
Use the table below to find the most affordable provider for your driver profile.
Data filtered by:Results filtered by:
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Age Range:30-59
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Driving Record:Clean
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Credit Score:Good
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Coverage Level:State Minimum Liability Only
| Virginia Farm Bureau | $29 | $352 |
| American Family | $30 | $364 |
| Travelers | $33 | $394 |
| Mercury | $38 | $456 |
| Auto-Owners | $38 | $457 |
Cheapest Car Insurance for Families With Low Income in Virginia
Nationwide offers the cheapest auto insurance for low-income married couples with a teen in Virginia at $53 monthly. Single parents with a teen and married couples without a teen can find the best rates with State Farm at $102 and $43, respectively.
Data filtered by:Results filtered by:
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Family Type:Married Couple with Teen
| Nationwide | $638 | $53 |
| State Farm | $746 | $62 |
| Travelers | $750 | $63 |
| Auto-Owners | $795 | $66 |
| Allstate | $833 | $69 |
| GEICO | $1,047 | $87 |
| Progressive | $1,371 | $114 |
| Kemper | $3,407 | $284 |
*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.
Tips to Save On Car Insurance for Low-Income Drivers
Here are some easy tips to help you lower your premiums:
- 1
Choose minimum coverage
Minimum coverage is the most cost-effective way to fulfill legal obligations, but it offers only basic protection and may not cover all costs in an at-fault accident.
- 2
Compare quotes
Get quotes from multiple insurers to find the most affordable plan. Use tools like insurer websites, independent brokers, insurer agents and online comparison sites to evaluate your options extensively.
- 3
Look for discounts
Insurers give discounts for maintaining a safe driving record, being a good student or serving in the military. Take advantage of these offers to reduce your premium.
- 4
Increase your deductible
Selecting a higher deductible on comprehensive or collision coverage can lower your insurance cost. Be sure you can afford it if you need to submit a claim.
- 5
Consider pay-per-mile insurance
Low-mileage drivers benefit from pay-per-mile insurance, which combines a fixed rate with a per-mile charge. This way, you pay solely for the distance driven.
- 6
Bundle your policies
Bundling auto and home or renters insurance can result in savings of up to $1,188 annually.
- 7
Get a cheaper car
A vehicle's make, model and age affect insurance costs due to repair and replacement expenses. Choosing a cheaper car to insure, such as a reliable older model can significantly lower premiums.
Minimum Car Insurance Requirements in Virginia
Virginia residents must meet these minimum car insurance requirements:
- $25,000 in bodily injury liability per person
- $50,000 in bodily injury liability per accident
- $20,000 in property damage liability per accident
For those leasing or financing a vehicle, a liability coverage split of 100/300/100, along with comprehensive and collision protection, is necessary.
WHY MINIMUM COVERAGE MAY NOT BE RIGHT FOR YOU
Minimum car insurance helps pay for the other driver's expenses if you cause a car accident. It doesn't cover your car repairs or legal costs. If you drive often and it fits your budget, consider getting more coverage.
Cheap Low-Income Car Insurance in Virginia: Bottom Line
Virginia Farm Bureau provides the most affordable car insurance for most low-income drivers in the state. High-risk drivers can find the cheapest rates with Virginia Farm Bureau for a DUI and Auto-Owners for a speeding ticket or an accident. Compare providers using different methods to secure the best deal.
Low-Income Auto Insurance in Virginia: FAQ
Low-income drivers often struggle to find affordable car insurance. Here are answers to common questions on saving money.
What is the cheapest car insurance for low-income drivers in Virginia?
Minimum coverage is often the most affordable insurance for low-income drivers, though it may not be suitable if you're financing or leasing a vehicle. Virginia Farm Bureau has the cheapest monthly minimum and full coverage rates in Virginia at $29 and $66, respectively.
Does Virginia have a state-supported low-income car insurance program?
Virginia has no state-backed insurance pool for assisting low-income drivers with car insurance.
Does your income affect the cost of car insurance in Virginia?
Income doesn't directly affect car insurance premiums in Virginia. Age and credit history, which can reflect how you manage your finances, have more impact.
How We Chose the Cheapest Car Insurance for Low-Income Drivers
Study Overview
MoneyGeek analyzed Virginia auto insurance rates using data from the Virginia Bureau of Insurance and Quadrant Information Services.
Data Acquisition, Depth and Analysis
MoneyGeek reviewed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Virginia.
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Virginia:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.
Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.
Coverage Levels and Deductibles
Our data shows rates for minimum coverage, which follows Virginia's legal requirements and offers affordable options for low-income drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.