How much does auto insurance cost in Virginia?

How much is car insurance a month in Virginia?

Your rates may vary. As a good driver in Virginia, your car insurance rates could be as low as $50 a month if you get coverage from the Virginia Farm Bureau. Your rates could be higher than that, though. The average good driver in Virginia pays about $82 a month for auto insurance coverage, according to our data.

How expensive is car insurance in Virginia?

How much does car insurance cost in Virginia? Auto insurance in Virginia costs, on average, $1,304 per year for full coverage and $441 per year for minimum coverage. Drivers in Virginia pay less for car insurance than the national annual average of $1,674 for full coverage and $565 for minimum coverage.

What is the cheapest car insurance in Virginia?

Find Cheap Auto Insurance Quotes in Virginia

Rank Company Average annual rate
1 Virginia Farm Bureau $359
2 Geico $382
3 Erie $433
4 State Farm $446
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What is the average cost of insurance in Virginia?

The average car insurance rate in Virginia is $901 per year — nearly 37% less than the U.S. average. Your auto insurance prices are impacted by factors other than location. Auto insurance premiums consider an array of factors, including a motorist’s driving record, credit history, gender, age, and marital status.

What are the minimum auto insurance requirements in Virginia?

It is illegal to drive a car in Virginia without at least the minimum amount of liability coverage required by law:

  • Bodily injury: $25,000 per person and $50,000 per accident.
  • Property damage: $20,000 per accident.
  • Uninsured motorist bodily injury: $25,000 per person and $50,000 per accident.

Is car insurance mandatory in Virginia?

Drivers are not required to purchase auto insurance on a vehicle registered in Virginia. However, according to Va. Code § 46.2-706, if you do not purchase auto insurance, you are required to pay an uninsured motorist fee of $500.00 per year.

What is full coverage auto insurance in Virginia?

Full coverage insurance in Virginia is usually defined as a policy that provides more than the state’s minimum liability coverage, which is 25000 in bodily injury coverage per person, up to 50000 per accident, and 20000 in property damage coverage.

What is a fair price for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

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Is car insurance cheaper in Virginia or New York?

That’s a whopping 99% more than the national average of $1,428 and 34% more than second-place Michigan. Car insurance in Louisiana is now three times more expensive than in Maine.

Car insurance rates by state 2021.

Rank State Average premiums
41 Alaska $1,175
42 New York $1,163
43 Vermont $1,151
44 Virginia $1,033

Is it better to pay car insurance in full or monthly?

Generally, you’ll pay less for your policy if you can pay in full. But if paying a large lump sum upfront would put you in a tight financial spot — say, leave you unable to pay your car insurance deductible — making car insurance monthly payments is probably a better option for you.

Can you drive a car without insurance in Virginia?

Although it is legal to drive without car insurance Virginia, doing so can have downsides. Every driver must either purchase insurance before registering or operating a motor vehicle or pay a special fee to drive uninsured.

Who has the cheapest full coverage insurance?

The Cheapest Full Coverage Car Insurance Companies by State

MoneyGeek found that GEICO, the cheapest company for full coverage nationally, is also most likely to be the cheapest on average in your state. It had the lowest rates in 24 of the 50 states plus Washington D.C.

What are the cheapest car insurance?

Cheapest car insurance companies

Company Average annual rate
Cheap car insurance rates from the largest companies
1. Geico $380
2. State Farm $550
3. Progressive $577
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How much is auto insurance a month?

The average cost of car insurance is $1,483 per year. That puts the average car insurance cost per month at $124. Auto insurance quotes vary widely based on individual rating factors.

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