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Cheap SR 22 Auto Insurance in Virginia: Best Companies & FR44 Quotes
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Joanna is an expert on understanding how the different laws and regulations in the car insurance industry shape the way that policies work.
Best Car Insurance Companies in Virginia
- Virginia Farm Bureau
- State Farm
|Virginia Farm Bureau||Erie||Geico||State Farm||Travelers||Nationwide|
|AM Best Financial Strength Rating||A-||A+||A++||A++||A+||A+|
|JD Power 2019 Overall Customer Satisfaction score||Not Rated||5/5||3/5||5/5||4.5/5||3/5|
|Avg Annual Premium||$351||$403||$438||$609||$1,008||$815|
|Consumer Reports Reader Score||N/A||86||78||78||N/A||75|
Auto Insurance Statistics in Virginia
Auto insurance rates in Virginia appear to be much lower than the national averages. In fact, over the past few years, the rates have been increasing which does not bode well for drivers in Virginia looking for affordable car insurance.
Top 10 Cheapest Car Insurance Companies in Virginia
|Rank||Company Name||Avg. Annual Premium|
|6||Virginia Farm Bureau||$1,069|
Drunk Driving Fatalities
Drinking and driving is a deadly combination and fatalities are usually the result of this dangerous practice. When it comes to drunk driving fatalities in Virginia, the rates appear to be fluctuating.
The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Virginia vs. nationwide.
Drunk driving fatalities in Virginia from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in Virginia is at a rate that is almost the same as the national average. The data below demonstrates the level of drinking and driving taking place in Virginia when compared to other states around the country.
Teen Drinking & Driving in Virginia vs. Nationwide (2017)
SR-22 Insurance in Virginia
Virginia is one of the many states that requires certain drivers to purchase SR-22 insurance to reinstate their licenses. There are a variety of reasons you may need to purchase an SR-22 insurance policy, including falsifying insurance, unsatisfied judgments, and other offences. If you have a more serious offence, you might not be eligible for an SR-22 — you will have to purchase additional coverage called an FR-44 policy.
For those who only need an SR-22 policy, Virginia has very specific requirements for how much coverage you need. First, you will need property damage coverage of $20,000. For single person injury or death coverage, you will need $25,000. You will also need $50,000 worth of coverage for multiple injuries or death.
Car Theft in Virginia
Car theft in Virginia takes place at a much lower rate than in other states across the country. It is beneficial to become aware of the level of car theft in the State you will be driving in. This lends clarity when making the decision about what type of car insurance to purchase. Understanding the rate of car thefts in Virginia will help drivers to have a more complete understanding of the level of risk they take while driving and owning a car in the state.
Vehicle thefts by rank nationwide vs. Virginia
Uninsured Motorists in Virginia
Without car insurance, drivers in Virginia will have to pay out of pocket expenses. In order to avoid this, it is recommended to carry uninsured and underinsured motorist coverage. The statistics outlined below show how well Virginia ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
It would be prudent if we replaced them with the next couple of companies in the list since these insurers are not available for everyone. The cheapest general insurance firms in the state of Virginia are Garrison Property, State Farm Mutual Insurance Company, and Mid-Century Insurance Company. You should expect to pay between a thousand and two thousand dollars annually if you are looking for an affordable insurer. The premiums from the most affordable companies are more than 30% cheaper than the average in the state, so you are sure that you are getting a bargain.
Several insurance companies have certain subsidiaries in the country. Each of them caters to customers with different budgets. A good example is GEICO which has GEICO Indemnity, GEICO General, and GEICO Casualty. It is important to confirm the specific subsidiary that you want before choosing. The average annual premium for car insurance in the state is around $2,700. This is a huge figure. Some companies charge up to $5,000 annually. You have to be extra careful when choosing an insurance package because the highest auto insurance is more than five times that of the cheapest. This shows how important it is to browse for alternative packages before you decide to go with a specific one.
The cost of car insurance also varies according to where you live. The city you live in is a major determinant here. Alexandria has the highest rates. They go for close to three thousand dollars whereas Roanoke has the cheapest with $2300 a year. There are different variations depending on your age group as well. It is important to note that married couples living in Alexandria who have more than 45 years pay less than their counterparts in cheaper cities such as Roanoke and Richmond. The lowest premium offered by a non-military insurer in Alexandria is $1,634 which is offered by GEICO.
Travelers Home and Marine offers the best car rates for residents of Richmond with a price of $1,465. There are also price variations depending on the age-group of residents in Richmond. The rates for twenty-year-old single men and women are four thousand dollars and three thousand dollars respectively. Middle-aged residents pay nearly half of what younger people pay since they get rates as low as $1500. The low price of insurance in Roanoke is attributed to its low population which is less than half of the population of other cities in the state. Virginia Beach has the second cheapest rates of all the other cities even though it has the largest number of residents who amount to close to half a million. The blended premium for insurance rates in Virginia Beach is $2,600 which is lower than the state average. Mid Century is the best insurer in the city with an annual rate of $1600. The price difference between the highest and the lowest is close to $4000 which stress the fact that research is necessary before going with a particular insurer.
Your age-group and the city that you live in are the biggest predictors of the rate that you will pay annually.The data above clearly shows that to see that you get cheaper rates when you grow older. It is also important to know that the same insurer might not be the best in a particular city even though they offer the cheapest rates in the state.The cheapest auto insurer is not always the best. You have to look at other factors such as the number of complaints made and customer service to determine the best.
Types of Auto Insurance Coverage in Virginia:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Auto Insurance Requirements in Virginia
There are minimum requirements for auto insurance in the state of Virginia. According to the Virginia Department of Motor Vehicles, each vehicle in the state needs to be covered by a minimum of liability insurance coverage as well as uninsured motorist coverage. Drivers who want to decline having to pay for insurance will need to pay an uninsured motorist fee. However, if damage or injury occurs, assets could be seized to cover the costs.
The liability minimums in Virginia are as follows:
- $20,000 for property damage in an accident
- $25,000 per person in an accident
- $50,000 for each accident
Source: Virginia Department of Motor Vehicles
Cheap Auto Insurance Discounts
At Cheap Auto Insurance, our goal is to help you save as much as possible on the cost of car insurance in Virginia. That is why we have compiled a list of affordable car insurance discounts. Browse the list below to see if any of the discounts can be applied to help you save the maximum amount on the cost of car insurance in Virginia.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Virginia Car Insurance Questions
This section covers basic questions you might have about Virginia car insurance. Use it to help you understand the more detailed questions.
How to get car insurance in Virginia?
Which companies sell auto insurance in Virginia?
- State Farm
Some of these same companies also sell GAP insurance. Take a look at a list of GAP insurance companies.
What is considered full coverage Virginia auto insurance?
How to show proof you can pay for car insurance in Virginia?
What do you need to get Virginia car insurance?
Virginia Car Insurance Laws
Car insurance laws can be incredibly confusing, so there’s a lot of questions about them. We’ll answer questions about Virginia car insurance laws in this section.
What are the minimum auto insurance requirements in Virginia?
What insurance is required by law for a financed car in Virginia?
What happens if I don't add my child to my auto insurance in Virginia?
How long do you have to get insurance after buying a used car in Virginia?
What happen in Virginia if I lose my car insurance?
Who is required to have commercial auto insurance in Virginia?
Does someone who has a driver’s license but doesn't drive have to have car insurance Virginia?
How long after DUI do you need car insurance to drive in Virginia?
What happens if you get pulled over and don't have auto insurance in Virginia?
What is the fee in Virginia if you don’t have car insurance?
When did car insurance become mandatory in Virginia?
What happens if you let car insurance lapse Virginia?
In Virginia, for a car paid in full, what type insurance must be on vehicle?
In the state of Virginia when do you have to put a child on your car insurance?
Does Virginia require you to report to the DMV when you cancel auto insurance?
Virginia Car Insurance Prices
The cost of insurance is one of the most important things people look for. We’ll answer questions about Virginia car insurance costs in this section.
How much is car insurance in Virginia?
Who has the cheapest auto insurance in Virginia?
Where to get auto insurance in Virginia when one spouse has suspended license?
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Where to find best car insurance for seniors in Virginia?
How much is car insurance a month in Virginia?
When does high risk car insurance go down Virginia?
How much can car insurance cost for a teacher in Virginia?
Where can I get a classic car insurance quote in Virginia?
What is the most affordable car insurance for young drivers in Virginia?
How much does car insurance go up after an at fault accident with ticket in Virginia?
What auto insurance discounts are available for Virginia drivers?
How long can my child stay on my car insurance in Virginia?
How long before car insurance goes down after DUI in Virginia?
What is the best car insurance in Virginia?
Who has the cheapest car insurance Virginia?
Virginia Car Insurance Coverage and Claims
It’s important to know how coverage and claims work for your car insurance. We’ll answer questions about this process for the state of Virginia here.
In Virginia, if another car runs into my car what is the insurance process?
How long do I have to file a car accident insurance injury claim in Virginia?
What happens if you have a car accident without insurance in Virginia?
In Virginia, whose insurance pays medical bills in a car accident?
In Virginia, your insurance company is legally liable to pay up to how much of the other person's car?
How long do you have to report a car accident to your insurance Virginia?
Do you transfer title first or cancel insurance when you sell a car in Virginia?
How to get car insurance on rebuilt tiles in Virginia?
Other Virginia Car Insurance Questions
There are plenty of different questions that involve car insurance. This section covers questions that don’t fit into our other categories.