The words “cheap” and “insurance” really shouldn’t be used in the same sentence, specifically when looking for the best insurance rates for young drivers. Let’s open your eyes to a few of the factors that impact auto insurance premiums, and figure out some ways to cut the cost of the next policy you buy.
The make and model of vehicle requiring coverage is probably the biggest factor that determines if you can find the most economical car insurance for young drivers. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of having liability claims will cost less to insure than high performance models. The list below estimates auto insurance costs for some of the cheaper automobiles to insure in Virginia.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $4,281 |
| Honda CR-V EX 4WD | $4,322 |
| Honda Accord EX-L 4-Dr Sedan | $4,593 |
| Toyota Prius | $4,635 |
| Honda Odyssey LX | $4,764 |
| Ford F-150 XL Super Cab 2WD | $4,770 |
| Volkswagen Jetta 2.0T Station Wagon | $4,904 |
| Ford Focus S 4-Dr Sedan | $5,036 |
| Honda Civic DX 4-Dr Sedan | $5,043 |
| Jeep Grand Cherokee Laredo 2WD | $5,077 |
| Chevrolet Equinox LS AWD | $5,086 |
| Chevrolet Malibu LS | $5,077 |
| Toyota RAV4 Sport 4WD | $5,086 |
| Chevrolet Impala LT | $5,077 |
| Toyota Tacoma Double Cab 4WD | $5,084 |
| Nissan Altima 2.5 4-Dr Sedan | $5,077 |
| Ford Explorer Eddie Bauer 4WD | $5,119 |
| Dodge Grand Caravan Crew | $5,127 |
| Chevrolet Silverado LS Regular Cab 2WD | $5,185 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $5,304 |
| Toyota Camry SE | $5,346 |
| Hyundai Elantra GLS 4-Dr Sedan | $5,353 |
| Ford Edge Sport AWD | $5,346 |
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific zip code location which can lower or raise coverage rates greatly.
Based upon these rates, vehicles like the Ford Escape, Honda CR-V, and Honda Accord will definitely be a few of the less-costly vehicles to insure for youthful drivers. Car insurance rates will tend to be more expensive because there is more exposure for young drivers, but in general those models will probably have the best rates that you’ll find.
For youthful drivers, one of the largest criteria that help determine the annual cost of car insurance is your address in Virginia Beach. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas less populated areas benefit from lower prices.
The next table shows the most expensive areas in Virginia for young drivers to buy car insurance in. Virginia Beach is listed at #12 with a yearly cost of $948 for the average insurance policy, which is about $79 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Lake Ridge | $1,042 |
| 2 | Burke | $1,037 |
| 3 | Centreville | $1,037 |
| 4 | Alexandria | $1,036 |
| 5 | Dale City | $998 |
| 6 | Richmond | $985 |
| 7 | McLean | $985 |
| 8 | Reston | $983 |
| 9 | Arlington | $973 |
| 10 | Hampton | $972 |
| 11 | Norfolk | $960 |
| 12 | Virginia Beach | $948 |
| 13 | Tuckahoe | $939 |
| 14 | Suffolk | $937 |
| 15 | Portsmouth | $934 |
| 16 | Ashburn | $929 |
| 17 | Leesburg | $922 |
| 18 | Newport News | $920 |
| 19 | Danville | $912 |
| 20 | Chesapeake | $899 |
| 21 | Charlottesville | $886 |
| 22 | Lynchburg | $843 |
| 23 | Roanoke | $823 |
| 24 | Harrisonburg | $800 |
| 25 | Blacksburg | $791 |
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Premium amounts are comparative as the specific zip code location can increase or decrease rates greatly.
Comparing quotes for reasonably-priced car insurance is hard enough, and determining which company quotes the best car insurance rates for young drivers requires even more diligence.
Each company has a different process to set policy rates, so first we will examine the car insurance companies with the overall best prices in Virginia Beach. It’s a good idea to know that Virginia car insurance rates are determined by lots of factors which can substantially change your annual premium. Taking a driver safety course, moving to a different location, or getting caught speeding can cause premium changes that may make certain companies more expensive than before.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $653 |
| 2 | USAA | $716 |
| 3 | Penn National | $718 |
| 4 | Cincinnati Insurance | $733 |
| 5 | Auto-Owners | $765 |
| 6 | The Hartford | $777 |
| 7 | Erie | $788 |
| 8 | Utica National | $788 |
| 9 | Virginia Farm Bureau | $810 |
| 10 | Donegal Mutual | $878 |
| 11 | Nationwide | $963 |
| 12 | Allied | $982 |
| 13 | ALFA | $988 |
| 14 | GEICO | $1,006 |
| 15 | National Grange Mutual | $1,060 |
| 16 | State Farm | $1,132 |
| 17 | Chubb | $1,145 |
| 18 | Electric | $1,192 |
| 19 | Progressive | $1,222 |
| 20 | California Casualty | $1,251 |
| Find Your Rate Go | ||
Travelers generally has some of the best car insurance rates in Virginia Beach at around $653 a year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners would also make the list of some of the lowest-priced Virginia Beach, VA insurance companies.
As depicted above, if you currently buy coverage from Auto-Owners and switched to USAA, you could earn an annual savings of in the neighborhood of $49. Virginia drivers with The Hartford may save as much as $61 a year, and Erie insureds might lower prices by up to $72 a year.
To find out how your current rates compare, click here to get a free quote or visit several of the following companies.
Remember that these estimates are averaged for all drivers and vehicles in Virginia and do not take into consideration an exact vehicle garaging location for young drivers. So the company that is best for you may not even be in the top 30 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own personal information and vehicle type.
Virginia Beach car insurance companies
Choosing a highly-rated car insurance company can be challenging considering how many choices there are in Virginia Beach. The rank data in the next section may help you select which auto insurers to look at when comparing insurance rates for young drivers.
These rankings are only made up of companies with a nationwide focus, so companies that only write business in Virginia or surrounding areas will not be included in these rankings. To get rate quotes and find cheaper insurance for young drivers, simply click here.
Top 10 Large Car Insurance Companies in Virginia Beach Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Poor driving habits will raise your car insurance rates
The obvious way to find affordable car insurance rates in Virginia Beach for youthful drivers is to drive safely and avoid accidents and keep your driving record clean. The example below demonstrates how citations and fender-benders impact premium costs for each age group. The rates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data above shows the average cost of a car insurance policy in Virginia Beach per year with no accidents and a clean driving record is $836. Get written up for two speeding tickets and the average cost surges to $1,177, an increase of $341 each year. Then add one accident along with the two speeding tickets and the annual cost of car insurance for young drivers jumps again to an average of $1,523. That’s an increase of $687, or $57 per month, just for being a less-than-perfect driver!
You may be paying too much for car insurance
Virginia car insurance rates are impacted by many factors which can substantially change the cost of your policy. Turning one year older, moving across town, or getting a driving violation may prompt premium changes resulting in some rates now being cheaper in comparison to the competition.
In addition to those changes, insurers amend premium rates every year or even multiple times each year in order to protect their financial rating. Larger than normal claims can result in rate increases, while a better loss history can produce cheaper Virginia Beach car insurance rates.
For example, the graph below shows the cheapest car insurance in Virginia Beach, VA for a 40-year-old male driver with a good driving record, no prior claims, and solid credit. If we estimate prices based on his current rating profile, Travelers has the most affordable car insurance rates in Virginia Beach at $805 annually. This is $353 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners are also on the list of the best Virginia Beach, VA auto insurance companies.
In this example, we will give the driver from the first rate comparison some claims, a lower credit score, and a stop sign violation. Because every insurance company has a different formula to set policy rates, getting updated rate quotes may result in a new list of cheap Virginia Beach auto insurance companies as shown below.
The Hartford now has the lowest price in Virginia Beach with Virginia Farm Bureau, Erie, Donegal Mutual, and Nationwide now being in the top five. This illustrates why Virginia drivers need to compare lots of rates when trying to find the best car insurance rates for young drivers.
Insurance prices are impacted by many risk factors and can change substantially, so the best option three years ago may now be priced much higher than other options.