Establishing which companies have the cheapest car insurance rates for 20 year old women will require more time than just comparing rates from one or two companies. Every car insurance company uses a different method to determine premium rates, so let’s examine the car insurance companies with the most affordable rates in Virginia.
Cheapest Insurance Rates for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $653 |
| 2 | USAA | $688 |
| 3 | Cincinnati Insurance | $741 |
| 4 | Penn National | $748 |
| 5 | Utica National | $758 |
| 6 | Auto-Owners | $781 |
| 7 | Virginia Farm Bureau | $802 |
| 8 | The Hartford | $809 |
| 9 | Erie | $812 |
| 10 | Donegal Mutual | $878 |
| 11 | Nationwide | $935 |
| 12 | Allied | $992 |
| 13 | ALFA | $1,018 |
| 14 | GEICO | $1,026 |
| 15 | National Grange Mutual | $1,093 |
| 16 | Chubb | $1,134 |
| 17 | State Farm | $1,143 |
| 18 | Electric | $1,228 |
| 19 | Progressive | $1,259 |
| 20 | California Casualty | $1,277 |
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Travelers generally has some of the best car insurance rates in Virginia Beach at around $653 each year. USAA, Cincinnati Insurance, Penn National, and Utica National would also be considered some of the best Virginia Beach, VA insurance companies.
As shown in the rates above, if you currently have coverage with Penn National and switched to Travelers, you might realize an annual savings of in the vicinity of $95. Customers with Utica National could save as much as $105 a year, and Auto-Owners insureds might lower prices by $128 a year.
Understand that those policy rates are averages for all insureds and vehicles and are not factoring in an exact location for 20 year old women. So the car insurance company that is most affordable for your situation may not even be in the top 30 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
For young women, one of the largest criteria that help determine the annual cost of car insurance is where your car is garaged in Virginia Beach. Areas with more people or more claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The next table lists the priciest cities in Virginia for 20 year old women to buy car insurance in. Virginia Beach comes in at #19 with a yearly premium of $920 for the average policy, which is around $77 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Centreville | $1,027 |
| 2 | Burke | $1,026 |
| 3 | McLean | $1,025 |
| 4 | Alexandria | $1,016 |
| 5 | Arlington | $1,013 |
| 6 | Lake Ridge | $1,002 |
| 7 | Dale City | $998 |
| 8 | Richmond | $985 |
| 9 | Reston | $983 |
| 10 | Portsmouth | $972 |
| 11 | Hampton | $963 |
| 12 | Norfolk | $960 |
| 13 | Newport News | $958 |
| 14 | Suffolk | $937 |
| 15 | Tuckahoe | $929 |
| 16 | Leesburg | $922 |
| 17 | Danville | $922 |
| 18 | Ashburn | $920 |
| 19 | Virginia Beach | $920 |
| 20 | Charlottesville | $913 |
| 21 | Chesapeake | $899 |
| 22 | Lynchburg | $869 |
| 23 | Harrisonburg | $808 |
| 24 | Roanoke | $807 |
| 25 | Blacksburg | $791 |
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Rate information is approximated as specific Virginia Beach garaging address can impact coverage rates considerably.
Comparison of full coverage and liability-only policies
Buying cheaper car insurance is the goal of the majority of vehicle owners, and one good way to lower the cost of insurance for 20 year old women is to not buy comprehensive and collision coverage. The example below shows the comparison of auto insurance rates with full physical damage coverage and with liability coverage only. The rates are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
If all age groups are averaged, full coverage on your policy costs an additional $1,981 per year over liability only. That is a big expense that brings up the question if buying full coverage is a good investment. There is no clear-cut formula that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
Get discount Virginia Beach car insurance
Auto insurance companies that offer quotes for 20 year old women may also offer discounts that could potentially reduce rates by 35% or more if you are eligible. The best car insurance companies and some of their more popular discounts are included below.
- AAA offers premium reductions for good student, education and occupation, pay-in-full, multi-policy, anti-theft, AAA membership discount, and good driver.
- Progressive may offer discounts for online signing, online quote discount, homeowner, multi-vehicle, and multi-policy.
- State Farm has discounts for anti-theft, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, and defensive driving training.
- Esurance may include discounts for emergency road assistance, good student, claim free, Switch & Save, anti-lock brakes, and online quote.
- Nationwide includes discounts for business or organization, defensive driving, easy pay, accident-free, and Farm Bureau membership.
The diagram below shows the comparison of insurance premiums with and without discounts applied to the policy premium. The rates are based on a female driver, no claims or violations, Virginia state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with paid-in-full, paperless filing, continuous coverage, vehicle safety, good student, and anti-theft discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for 20 year old women is 21% or $328.
Are you paying too much for car insurance in Virginia Beach?
Virginia Beach, VA car insurance rates are influenced by many factors that may substantially change the price you pay. Turning one year older, moving to a different location, or getting a couple of tickets can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.
In addition to those changes, car insurance companies change rates as needed in order to be able to pay unexpected claims. Larger than normal claims may cause rate hikes, while profitable underwriting may result in cheaper Virginia Beach car insurance rates.
For example, the chart below shows a variety of companies that have the cheapest car insurance in Virginia Beach, VA for a 35-year-old male driver with no violations or accidents, and a decent credit rating. If we estimate rates based on his current risk profile, Travelers may have the most affordable car insurance rates in Virginia Beach at $782 each year. This is $376 less than the average rate paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners are also included in the cheapest Virginia Beach, VA auto insurance companies.
The next chart shows rates after we give the driver from the above example an accident surcharge, bad credit, and a traffic citation. Due to the fact that every insurance company has their own formula to set policy rates, comparing quotes could result in a slightly different list of affordable Virginia Beach car insurance companies as shown below.
The Hartford now has the best auto insurance rate in Virginia Beach, VA with Erie, Virginia Farm Bureau, Donegal Mutual, and Nationwide now being in the top five. This demonstrates why Virginia drivers need to perform a complete rate comparison to get cheap insurance quotes for 20 year old women.
Rates are determined by many different factors and change dramatically, so the lowest-price company a year ago may now be costing you a lot of money.
Tips for finding the cheapest insurance for 20 year old women
The list below shows some of the recommended money-saving solutions that can help Virginia Beach drivers buy cheap auto insurance.
- Try paying for small claims out-of-pocket
- Be a cautious driver
- Good credit can mean cheaper rates
- Choose a safer vehicle and pay lower rates
- Maintain a safe distance and avoid accidents
- Shop around once a year for cheaper rates
That last idea is remarkably important, as was pointed out in the prior article. Car insurance prices in Virginia Beach can be modified anytime, so don’t hesitate to change to a new company if you can save money. Having brand loyalty is commendable, but is isn’t recommended if your bullheadedness ends up costing you big bucks every year. In less than five minutes you could shop around to find cheaper auto insurance for 20 year old women.
The agents shown below can most likely answer your questions and help you decide which coverage fits your budget, since lots of drivers aren’t clear which coverage they need and would like to have a consultation when buying car insurance for young women. It can be complicated to find the cheapest rates, so a professional agent can add comfort knowing your policy gives you sufficient coverage for your assets. To locate a Virginia Beach car insurance agency closest to you, click the link at the bottom or click here to get price quotes now.
- Nationwide Insurance: Matthew Clifton Roenker Agency
4870 Haygood Rd Ste 108 – Virginia Beach, VA 23455 – (757) 671-1111 - Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443 - Paula Rosati – State Farm Insurance Agent
4221 Pleasant Valley Rd #108 – Virginia Beach, VA 23464 – (757) 467-4300 - Larry Akers – State Farm Insurance Agent
928 Diamond Springs Rd Ste 131 – Virginia Beach, VA 23455 – (757) 497-3853 - Nationwide Insurance: The Braun Agency Inc
6062 Indian River Rd Ste 101 – Virginia Beach, VA 23464 – (757) 420-2060