Determining which companies have the cheapest insurance rates for handicapped drivers takes a little more work than just getting one or two price quotes.
Every insurance company has their own formula for determining rates, so we will examine the lowest cost insurance companies in Virginia Beach. It’s important that you understand Virginia Beach, VA insurance rates are determined by lots of factors that can increase the price you pay for coverage. Simply having a birthday, buying a new vehicle, or getting a driving violation can cause premium changes that can cause some rates to be cheaper than competitors.
Best Car Insurance Prices in Virginia
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $653 |
| 2 | USAA | $709 |
| 3 | Cincinnati Insurance | $741 |
| 4 | Penn National | $748 |
| 5 | Auto-Owners | $758 |
| 6 | Utica National | $781 |
| 7 | The Hartford | $801 |
| 8 | Erie | $804 |
| 9 | Virginia Farm Bureau | $826 |
| 10 | Donegal Mutual | $878 |
| 11 | Nationwide | $925 |
| 12 | ALFA | $988 |
| 13 | Allied | $1,012 |
| 14 | GEICO | $1,026 |
| 15 | Chubb | $1,101 |
| 16 | National Grange Mutual | $1,104 |
| 17 | State Farm | $1,143 |
| 18 | Electric | $1,216 |
| 19 | Progressive | $1,222 |
| 20 | California Casualty | $1,251 |
| Compare Rates Now Go | ||
Travelers offers some of the lowest car insurance rates in Virginia Beach at around $653 a year. This is $505 less than the average premium paid by Virginia drivers of $1,158. USAA, Cincinnati Insurance, Penn National, and Auto-Owners would also make the list of some of the most economical Virginia Beach, VA insurance companies.
In this example, if you are a policyholder with USAA and switched to Travelers, you could see annual savings of roughly $56. Policyholders with Cincinnati Insurance may save as much as $88 a year, and Penn National policyholders might see rate reductions of $95 a year.
Understand that those policy prices are averages across all insureds and vehicles and are not factoring in an exact zip code location for handicapped drivers. So the insurer that can offer you the lowest price may not even be in the top 30 companies shown above. That affirms the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.
One of the many factors that are looked at to determine auto insurance rates is where you call home. Larger areas will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The information below sorts the most expensive areas in Virginia for handicapped drivers in which to purchase auto insurance. Virginia Beach is listed at #14 with a yearly cost of $948 for the average policy, which is about $79 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Alexandria | $1,036 |
| 2 | Lake Ridge | $1,032 |
| 3 | Dale City | $1,028 |
| 4 | Burke | $1,026 |
| 5 | Centreville | $1,007 |
| 6 | Richmond | $1,005 |
| 7 | Reston | $992 |
| 8 | Norfolk | $990 |
| 9 | McLean | $985 |
| 10 | Arlington | $983 |
| 11 | Hampton | $972 |
| 12 | Portsmouth | $963 |
| 13 | Newport News | $958 |
| 14 | Virginia Beach | $948 |
| 15 | Tuckahoe | $939 |
| 16 | Leesburg | $931 |
| 17 | Ashburn | $929 |
| 18 | Chesapeake | $926 |
| 19 | Charlottesville | $913 |
| 20 | Danville | $912 |
| 21 | Suffolk | $910 |
| 22 | Lynchburg | $851 |
| 23 | Roanoke | $831 |
| 24 | Blacksburg | $799 |
| 25 | Harrisonburg | $776 |
| Quote Best Rates Go | ||
Rate quotes are approximated as the specific garaging location can influence price quotes considerably.
The make and model of vehicle you are insuring is one of the biggest factors when shopping around for cheap coverage for handicapped drivers. Vehicles with lower performance, a plethora of safety features, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models.
The data below outlines auto insurance rates for a number of the most economical automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,204 |
| Honda CR-V EX 2WD | $1,216 |
| Honda Odyssey EX | $1,287 |
| Ford F-150 Lariat Super Cab 4WD | $1,337 |
| Toyota Prius | $1,351 |
| Toyota Tacoma 4WD | $1,360 |
| Hyundai Elantra SE 4-Dr Sedan | $1,382 |
| Ford Edge Limited AWD | $1,389 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,406 |
| Jeep Grand Cherokee Limited 4WD | $1,408 |
| Ford Focus S 4-Dr Sedan | $1,410 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,429 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,432 |
| Compare Rates Now Go | |
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in your specific Virginia Beach, VA location which can increase or decrease premiums significantly.
Looking at the data, we can expect vehicles like the Ford Escape, Honda CR-V, Honda Odyssey, and Ford F-150 are some of the cheaper vehicles to insure for drivers with handicaps.
Liability rates compared to full coverage
Finding the cheapest insurance is important to the majority of vehicle owners, and an easy way to reduce the cost of insurance for handicapped drivers is to not pay for full coverage. The information below visualizes the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or driving violations, $100 deductibles, single status, and no discounts are taken into consideration.
Averaged for all age groups, full coverage on your policy costs $1,981 per year more than just buying liability insurance. That amount may make you wonder if buying full coverage is a waste of money. There isn’t a steadfast formula of when to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your vehicle’s settlement value is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $9,500 after paying your deductible. If premium cost is more than $950 a year for physical damage coverage, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Insuring your vehicle with the right car insurance company can be a challenge considering how many companies provide coverage in Virginia. The company ratings in the next section could help you decide which companies to look at when comparing rate quotes.
The rankings below are only comprised of large insurance companies, so smaller regional companies are not included in the list. To compare rates from the most competitive companies in Virginia, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Virginia Beach car insurance
Insurers that offer coverage for handicapped drivers may additionally offer rate discounts that could lower prices by 35% or more if you qualify for them. Popular insurance companies and their possible discounts can be read below.
- Progressive offers discounts including homeowner, online quote discount, good student, multi-vehicle, continuous coverage, online signing, and multi-policy.
- The Hartford may have discounts that include good student, driver training, bundle, vehicle fuel type, defensive driver, air bag, and anti-theft.
- Mercury Insurance has discounts for multi-policy, good student, annual mileage, ease of repair, accident-free, low natural disaster claims, and anti-theft.
- GEICO offers discounts for seat belt use, multi-vehicle, air bags, daytime running lights, defensive driver, membership and employees, and good student.
- AAA may include discounts for good driver, pay-in-full, anti-theft, good student, AAA membership discount, education and occupation, and multi-car.
- State Farm offers premium reductions for driver’s education, good driver, passive restraint, safe vehicle, Drive Safe & Save, accident-free, and good student.
The information below shows the comparison of premium costs with and without policy discounts. The prices are based on a male driver, no accidents, no driving violations, Virginia state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with homeowner, defensive driving course, claim-free, multiple vehicle, vehicle safety, and passive restraint discounts applied. In this example, theamount saved on insurance for handicapped drivers is 28% or $404.
Why are you paying too much for Virginia Beach car insurance?
Virginia insurance rates are based on many factors that may substantially change the price you have to pay. Simply turning a year older, becoming a homeowner, or getting caught speeding can trigger changes in premium that can now make some companies cheaper than before.
Not only that, but auto insurance companies change prices every year to adjust for heavy claims or excess profits. Larger than normal claims can cause higher prices, while a better claims history can produce cheaper Virginia Beach car insurance rates.
To illustrate this example, the graph below shows which company has the cheapest car insurance in Virginia Beach, VA for a 45-year-old male driver with no accidents or violations, and a high credit rating. When quoting prices based on his current risk factors, Travelers might quote the cheapest car insurance rates in Virginia Beach at $783 a year. This is $375 less than the average premium paid by Virginia drivers of $1,158. USAA, Cincinnati Insurance, Penn National, and Utica National are also included in the cheapest Virginia Beach, VA auto insurance companies.
The chart below compares rates after we give the driver from the above example a claim, slightly worse credit, and a stop sign violation. Since every insurance provider has a unique approach to set policy rates, comparing prices could result in a different list of affordable Virginia Beach car insurance companies as shown below.
Erie now has the cheapest price in Virginia Beach, VA with The Hartford, Virginia Farm Bureau, Donegal Mutual, and Nationwide completing the list. This example illustrates why it is critical to take the time to shop around when trying to get the best car insurance rates for handicapped drivers. Insurance rates are influenced by many different factors and can increase or decrease at any time, so the best company when you last compared rates may now be one of the more expensive options.