The Most and Least Expensive Places for Car Insurance in Virginia

Auto Insurance, Insurance
The Most and Least Expensive Places for Car Insurance in Virginia

If Virginia drivers are sick and tired of navigating through traffic congestion, relief is in sight — literally, if you’re driving on interstates in Northern Virginia — in the form of self-driving cars. Google’s self-driving vehicles will be hitting the roads of Virginia soon, a sign of things to come.

But until Virginians can leave the driving to a car computer, they can enjoy the fact that they pay less for car insurance, on average, than others. The average Virginia car owner pays $970.43 a year for car insurance, about $130 less than the average American.

Insurance companies take many factors into consideration when determining the cost of a driver’s insurance premium. Driving characteristics, including driving record, mileage and years of experience have a significant impact on the cost. Other factors including location often take a role in deciding the price of auto insurance.

To get a better understanding of how much drivers are paying for car insurance in Virginia, NerdWallet found the average car insurance costs for locations with populations over 6,000.

Key findings

Location plays an important role in cost. Those in Bailey’s Crossroads pay the most for car insurance at $1,106.29 a year. Residents in Christiansburg pay $788.54 for car insurance.

Drivers in Fairfax County pay higher insurance rates. Six of the 10 most expensive places for car insurance in Virginia are in Fairfax County.

There is a correlation between wealthier areas and higher premiums. NerdWallet found that many locations with the most expensive insurance premiums were also areas that have some of the highest household incomes and property values. In contrast, many locations where residents pay lower premiums are areas with below-average household incomes and property values.

Minimizing car insurance costs

Getting quotes from different insurance carriers can help you find the cheapest price. Prices and discounts will vary considerably among insurers for the same coverage.

Your car will also have a big influence on your insurance costs. Car insurance premiums for the most popular car models can range by a few hundred dollars. Talk to your insurance agent to find out which cars are the cheapest to insure.

For more information about auto insurance rates, check out NerdWallet’s car insurance comparison tool.

Most expensive places for car insurance in Virginia

Rank Location Average insurance premium
1 Bailey’s Crossroads $1,106.29
2 Great Falls $1,102.96
3 North Springfield $1,092.00
4 Annandale $1,088.25
5 Montclair $1,087.67
6 Triangle $1,085.13
7 Lake Ridge $1,084.38
8 Lorton $1,083.75
9 Fort Belvoir $1,080.88
10 Dale City $1,077.54
11 Richmond $1,074.25
12 Springfield $1,072.75
13 New Baltimore $1,068.63
14 Fairfax Station $1,067.38
15 Franconia $1,066.33
16 West Springfield $1,060.04
17 Warrenton $1,058.63
18 Norfolk $1,057.06
19 Burke $1,056.42
20 Montrose $1,053.67

 

Cheapest places for car insurance in Virginia

Rank Location Average insurance premium
1 Christiansburg $788.54
2 Blacksburg $797.42
3 Harrisonburg $829.92
4 Fishersville $830.38
5 Waynesboro $834.83
6 Strasburg $835.92
7 Lexington $836.83
8 Staunton $836.96
9 Buena Vista $838.75
10 Salem $839.25
11 Stuarts Draft $839.29
12 Radford $844.54
13 Roanoke $856.34
14 Hollins $860.96
15 Cave Spring $862.54
16 Williamsburg $868.25
17 Winchester $884.36
18 Pulaski $884.92
19 Poquoson $890.46
20 Woodlawn $890.79
20 Galax $890.79

 

Click here to see the full list.

Methodology

To determine the average insurance premium increases, we retrieved quotes for four different driver profiles in Virginia locations with populations over 6,000: 27-year-old single men and women and 40-year-old married men and women each driving a Toyota Camry and a Ford Escape. The 27-year-old profiles have a liability coverage limit of 30/60/20 and uninsured motorist coverage for the same amount. The 40-year-old driver profiles have liability coverage limit of 100/300/100 and uninsured motorist coverage for the same amount.

All profiles have a comprehensive and collision deductible of $500. We averaged premiums from the three cheapest carriers.

The estimated costs are for illustrative purposes only. Your rates will be different.


Richmond, Virginia, image via iStock.