Virginia’s Cheapest Car Insurance in 2022
Drivers in Virginia pay an average $64 a month for the minimum state-required auto insurance coverage. That's 26% less than the national average of $87 a month. Farm Bureau has the cheapest car insurance rates in Virginia — $31 a month for minimum coverage and $68 for full coverage.
Even with these low average rates, you may find even cheaper rates after doing a little homework. That's where we come in. We looked at the biggest names in car insurance in Virginia. We compared and contrasted their rates, policy offerings and consumer trends to help you get the best, cheapest auto insurance in Virginia.
This article covers:
How much is car insurance in Virginia?
Virginia drivers pay an average of $64 a month for minimum coverage and $130 a month for full coverage.
| Monthly minimum-coverage rate | Monthly full-coverage rate | |
|---|---|---|
| U.S. | $87 | $177 |
| Virginia | $64 | $130 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
This puts average car insurance rates in Virginia at about 26% cheaper than the national averages for both minimum and full-coverage policies. Factors that can affect your car insurance rates include:
- Your driving record.
- Where you live.
- The age and condition of your car.
- The policy limits you choose.
The best, cheapest car insurance companies in Virginia
In looking at the nine most popular auto insurance providers in Virginia, Farm Bureau has the cheapest average rates for both minimum and full-coverage car insurance. The company charges $31 a month for minimum coverage and $68 a month for full auto insurance coverage. That makes Farm Bureau 52% cheaper than the Virginia average minimum-coverage rate of $64 a month, and 48% cheaper than the state's full-coverage rate of $130.
After Farm Bureau, Erie is the second-cheapest insurer, quoting $35 a month for minimum coverage and $85 for full coverage. USAA comes in as third-cheapest, at $40 a month for minimum coverage and $85 for full coverage.
Farm Bureau: cheapest rates and best local insurer
If you're looking for the cheapest car insurance rates in Virginia and like to have your provider nearby, check out Farm Bureau. It has the state's lowest average minimum-coverage rate of $31 a month, and $68 a month for full coverage. The table below shows how Farm Bureau's rates compare to both Virginia and national averages.
| Minimum coverage | Full coverage | |
|---|---|---|
| Farm Bureau | $31 | $68 |
| Virginia | $64 | $130 |
| National | $87 | $177 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Erie: cheap car insurance rates and best for long-term savings
Erie offers an average minimum-coverage auto insurance rate of $35 a month and a full-coverage rate of $85 a month. The company also has some excellent policy perks that can help you save money over the years.
One of the big offerings Erie has is their Rate Lock program. With it, your rate stays the same until you take certain actions, like adding or removing a driver or car from your policy, or moving.
Another notable discount is bundling. If you bundle a home insurance policy with your auto insurance, you can save upwards of 25%.
Erie also has one of the highest customer satisfaction ratings. In J.D. Power's 2021 U.S. Auto Insurance Study, the company earned 856 out of 1,000 points among Mid-Atlantic states, well above the regional average of 842. This indicates above-average customer retention and renewal.
USAA: cheap rates and best for military
USAA has an average minimum car insurance rate of $40 a month and a full-coverage rate of $85. USAA is renowned for its insurance coverage for currently serving and veteran military members. This makes the company ideal for many drivers in Virginia, where, according to the World Population Review, the second-highest population of Armed Forces members in the country lives.
USAA started in 1922, focusing on the insurance needs of Armed Forces members. The company has auto insurance benefits geared towards those serving in the military that are hard to find elsewhere, such as providing coverage if you're stationed overseas.
USAA is often considered the best of the best for customer satisfaction. In J.D. Power's 2021 U.S. Auto Insurance Study, USAA scored 896 out of 1,000 for customer satisfaction among insurers operating in Mid-Atlantic states. That was the highest score in the region and well above the regional average of 842.
Virginia minimum car insurance requirements
Virginia state law requires drivers to have the following minimum auto insurance coverage:
- Bodily injury liability per person: $25,000
- Bodily injury liability per accident: $50,000
- Property damage: $20,000
Please note that these are the legal requirements to drive in Virginia, they are probably not adequate in the event of an accident that results in a large medical bill or a long court case. In order to make sure you have proper coverage that's still affordable, we recommend the following limits:
- Bodily injury liability per person: $100,000
- Bodily injury liability per accident: $300,000
- Property damage: $100,000
If you do not want to purchase auto insurance, the state of Virginia allows you to pay a $500 Uninsured Motor Vehicle (UMV) fee. This only allows you to drive without insurance at your own risk. It does not act as insurance of any sort, and it expires when your registration expires and must be renewed.
Given the low average price of auto insurance in Virginia, it may actually cost you more to pay UMV fees over time than to buy a car insurance policy. And that's before considering the thousands of dollars it can cost you out of pocket if you're in an accident without insurance coverage.
Compare quotes from multiple auto insurance companies to find the best premium you can. If you can't find something affordable, contact the Virginia Bureau of Insurance.
Methodology
We used Quadrant Information Services to generate thousands of car insurance quotes from every ZIP code in Virginia from the following providers:
- Allstate
- Erie
- Farm Bureau
- Geico
- Nationwide
- Progressive
- State Farm
- Travelers
- USAA
Our sample driver is a 35-year-old male with a clean record who drives a 2012 Honda Accord LX 13,500 miles per year.
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