The words “low-cost” and “insurance” really don’t belong together, especially when comparison shopping for the best price on coverage for felons. Because it’s so expensive, let’s take a look at some things that have an impact on car insurance prices, and find a few ways to take the bite out of the next policy you buy.
Deciding which companies have the most affordable car insurance rates for felons takes a tad more effort in order to find the lowest price. Each company has their own unique process for filing rates in each state, so let’s look at the rankings for the car insurance companies with the most affordable rates in Virginia Beach, VA.
It’s important that readers know that Virginia car insurance rates are based on many factors which can significantly increase or decrease the cost of your policy. Improving your credit rating, having a claim, or getting caught speeding may cause policy rate changes that can cause some rates to be more affordable than before.
Lowest Insurance Price Quotes for Felons
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $673 |
| 2 | USAA | $695 |
| 3 | Penn National | $726 |
| 4 | Utica National | $758 |
| 5 | Auto-Owners | $758 |
| 6 | Cincinnati Insurance | $763 |
| 7 | The Hartford | $801 |
| 8 | Erie | $804 |
| 9 | Virginia Farm Bureau | $826 |
| 10 | Donegal Mutual | $852 |
| 11 | Nationwide | $963 |
| 12 | Allied | $982 |
| 13 | ALFA | $1,018 |
| 14 | GEICO | $1,026 |
| 15 | National Grange Mutual | $1,060 |
| 16 | Chubb | $1,112 |
| 17 | State Farm | $1,132 |
| 18 | Electric | $1,192 |
| 19 | Progressive | $1,246 |
| 20 | Amica | $1,267 |
| Find Your Rate Go | ||
Travelers generally has some of the cheapest car insurance rates in Virginia Beach at around $673 each year. This is $485 less than the average premium paid by Virginia drivers of $1,158. USAA, Penn National, Utica National, and Auto-Owners are also some of the cheapest Virginia Beach, VA insurance companies.
In the rate table above, if you have coverage with Auto-Owners and switched to USAA, you could earn an annual premium reduction of about $63. Virginia drivers with Cincinnati Insurance could save as much as $68 a year, and The Hartford policyholders might see rate reductions of $106 a year.
To compare your rates to other Virginia insurance companies, click here to start your free quote or visit any of the companies below.
These prices are averages across all insureds and vehicles and and are not figured with a specific zip code for felons. So the car insurance company that can offer you the best price may not even be in the top 30 companies shown above. That emphasizes why you need to get rate quotes using your own specific driver information and vehicle.
The type of vehicle that is being insured is one of the main factors when shopping around for the best cheap coverage for felons. Vehicles with high performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than safer, lower-performance models. The next list estimates insurance premiums for some of the more affordable vehicles to insure in Virginia.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,162 |
| Toyota Prius | $1,287 |
| Ford Escape XLS 4WD | $1,331 |
| Toyota Camry LE | $1,375 |
| Dodge Grand Caravan Hero | $1,382 |
| Toyota Tacoma Double Cab 4WD | $1,402 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,443 |
| Honda CR-V EX 4WD | $1,458 |
| Honda Odyssey Touring | $1,473 |
| Chevrolet Equinox LTZ AWD | $1,483 |
| Ford F-350 XLT Crew Cab Lariat 2WD | $1,524 |
| Hyundai Sonata SE 4-Dr Sedan | $1,544 |
| Ford Edge SEL AWD | $1,549 |
| Toyota Camry Hybrid | $1,571 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,573 |
| Toyota RAV4 2WD | $1,578 |
| Chevrolet Impala LT | $1,686 |
| Compare Rates Now Go | |
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific zip code location which can affect rates significantly.
Looking at the numbers, vehicles like the Honda Accord, Toyota Prius, Ford Escape, and Toyota Camry are a few of the most budget-friendly vehicles to insure for felons.
Rate increases following a ticket or accident
The easiest way to find low car insurance premiums in Virginia Beach for felons is to be a cautious driver and not get tickets or have accidents. The information below shows how speeding tickets and at-fault fender-benders raise insurance costs for different age groups of insureds. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Virginia Beach per year with no accidents or violations is $1,625. Get one speeding ticket and the average cost surges to $1,832, an increase of $207 each year. Now include one accident along with the one speeding ticket and the yearly cost of car insurance for felons increases to an average of $2,413. That’s an increase of $789, or $66 per month, just for being a little careless behind the wheel!
Comparison of full coverage and liability-only policies
Saving on car insurance is the goal of most people, and an easy way to buy cheaper insurance for felons is to not pay for full coverage. The diagram below compares insurance prices with and without full coverage. The prices are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are taken into consideration.
If we average the cost for all age groups, physical damage coverage on your policy costs an extra $1,844 per year more than just insuring for liability. Lot’s of drivers question if you should buy full coverage. There is no definitive rule of when to eliminate physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s pretend your vehicle’s replacement cost is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,500 after paying your deductible. If it’s costing in excess of $750 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few situations where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
If you would rather have a consultation when trying to find lower insurance rates for felons, the agencies below are willing to help you decide which car insurance policy is best.
To locate a Virginia Beach car insurance agency closest to you, click the link at the bottom or click here to compare rates now.
- Allstate Insurance: Ralph M. Rios
2492 N Landing Rd #101 – Virginia Beach, VA 23456 – (757) 467-2800 - Bunn Insurance Agency Inc
1248 Culver Ln – Virginia Beach, VA 23454 – (757) 426-2664 - Brett Pendergast – State Farm Insurance Agent
4388 Holland Road Ste. 110 – Virginia Beach, VA 23452 – (757) 499-6813 - Nationwide Insurance: The Braun Agency Inc
6062 Indian River Rd Ste 101 – Virginia Beach, VA 23464 – (757) 420-2060
More Virginia Beach, VA insurance agents
How to find the cheapest insurance for felons
It is possible to find better rates, and here are some of the better money-saving ideas that can help Virginia Beach drivers quote cheaper auto insurance.
- Save money by insuring your home and auto with the same company
- Pay cheaper rates with good credit scores
- Do not insure for full coverage
- Accident-free drivers may qualify for discounts
- Drive a car with a high safety rating
- Compare rate quotes frequently
The final tip is notably valuable, as we noted in the article above. Auto insurance prices in Virginia Beach can change significantly in a year, so don’t hesitate to buy from a different company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty ends up costing thousands of dollars over the life of your policy. It takes less than five minutes to compare rates and find cheaper auto insurance for felons.