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Best Cheap Car Insurance in Virginia for 2018

January 29, 2018
Auto Insurance, Insurance
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

If you’re looking for cheap car insurance in Virginia, the most affordable company will depend on personal factors such as your age, driving record and credit history. Prices also differ from one insurer to the next, which is why it’s smart to compare several quotes.

To help drivers find the best deal, NerdWallet gathered rates from the six largest companies in the state and found the cheapest Virginia car insurance options for the following categories:

Good drivers

Young drivers

Drivers with one at-fault crash

Drivers with poor credit

Retired drivers

Drivers with a military connection

Also in this article

Minimum insurance requirements for Virginia

Alternative car insurance for high-risk drivers

» FIND YOUR MATCH: Who’s the cheapest carrier for you?

Cheapest for good drivers

For drivers with no at-fault crashes, DUIs or moving violations.


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price

  • $793/year

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price

  • $854/year

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price

  • $1,117/year

For good drivers, Geico had the cheapest rate at $793 per year, or about $66 a month. State Farm and Nationwide were the next most affordable options, respectively. If you have a sparkling record behind the wheel, compare good-driving discounts that companies offer — such as those for avoiding accidents or claims — before deciding on your insurer.

Cheapest for young drivers

For drivers in their early 20s.


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price

  • $507/year

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price

  • $556/year

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price

  • $597/year

Young drivers can often get by with less coverage than older motorists who have more to lose in a crash-related lawsuit. To account for this, we analyzed quotes for drivers in their early 20s carrying the minimum required coverage in Virginia.

State Farm returned the best rates at $507 per year on average. All of the top three companies for this group notched prices under $50 a month, so young drivers have a few options to choose from when searching for cheap car insurance in Virginia.

Cheapest for drivers with one at-fault crash


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price

  • $1,012/year

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price

  • $1,178/year

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price

  • $1,944/year

Causing a crash typically results in a rate increase, either upon renewal or when you shop for a new policy. The cheapest quote we found for motorists with an at-fault crash was $1,012 per year from State Farm. Geico was the next cheapest, and Nationwide came in third at over $900 higher than State Farm’s price.

That’s quite a difference, but the most expensive rate we found for this group was over $2,700 per year, proving the value of shopping around.

Cheapest for drivers with poor credit

For drivers placed in the “Poor Credit” tier.


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price

  • $933/year

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price

  • $1,475/year

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price

  • $1,628/year

Insurers in Virginia may use your credit history to help predict how likely you are to file claims, and can charge higher rates if you have poor credit.

Geico had by far the lowest average quote for this group at $933 per year. That’s roughly $12 more per month than the cheapest price we found for drivers with no credit problems. Rates spiked by $542 between Geico and the next most affordable option, Nationwide.

Cheapest for retired drivers

For drivers in their mid- to late 60s who no longer use their car for commuting. 


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price

  • $622/year

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price

  • $679/year

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price

  • $1,042/year

We gathered rates for older drivers who travel half as many annual miles as the other groups, and found relatively cheap Virginia car insurance as a result.

Geico led the pack with a quote of $622 per year, $171 lower than the company’s rate for 30-year-old good drivers who face a daily commute. State Farm was next with an average price tag of $679 per year. Older drivers in Virginia who complete a Department of Motor Vehicles-approved mature operator safety course may be eligible for a car insurance discount.

Cheapest for drivers with a military connection


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If you’re an active member of the military or a veteran, or have an immediate family member who is, chances are you’ll get relatively low rates from USAA, an option not available to the general public. USAA was the cheapest option for every driver type listed above, except for drivers with poor credit. USAA customers also benefit from the insurer’s top-rated customer service.

Minimum car insurance requirements in Virginia

Virginia requires drivers who purchase insurance to carry liability coverage in at least the following coverage amounts:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $20,000 property damage liability per accident
  • $25,000 uninsured/underinsured motorist coverage per person
  • $50,000 uninsured/underinsured motorist coverage per accident
  • $20,000 uninsured/underinsured motorist property damage coverage per accident.

If you ever cause a crash, liability coverage pays for others’ injuries and property damage, up to your limits. An at-fault crash could easily result in injury or repair bills higher than the amounts listed above, so it’s often smart to purchase more than the minimum coverage. You may also want to consider common add-ons such as collision, comprehensive and uninsured motorist protection.

Find out more about how the required and optional parts of your Virginia policy work by visiting our guide to minimum car insurance requirements by state.

In Virginia, it’s possible to register a car without insurance, but you must pay a $500 uninsured motor vehicle fee. Even if you pay this fee to avoid buying insurance, you still must pay for any damage you cause in a crash.

Alternative car insurance in Virginia

Drivers who are unable to buy Virginia car insurance on the open market — due to poor credit, DUI convictions or other factors — can apply for coverage through the Virginia Automobile Insurance Plan.

For more help finding cheap car insurance in Virginia, try our car insurance comparison tool.

Here’s a summary of where you’ll find the cheapest insurance, by category:

Cheapest car insurance in Virginia

CategoryCheapest option
Good driversGeico
Young driversState Farm
Drivers with one at-fault crashState Farm
Drivers with poor creditGeico
Retired driversGeico
Drivers with military connectionsUSAA

METHODOLOGY

For most categories, NerdWallet averaged rates from the largest insurers for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per accident
  • $50,000 property damage liability coverage per accident
  • $100,000 uninsured motorist bodily injury coverage per person
  • $300,000 uninsured motorist bodily injury coverage per accident
  • Collision coverage with $1,000 deductible
  • Comprehensive coverage with $1,000 deductible

We used a 2014 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than other groups. Our sample young driver was age 22 and carried the minimum required coverage. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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