The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, especially when comparison shopping for the best price on coverage for high risk drivers. Because of the high cost, let’s familiarize you with a few of the factors that determine auto insurance premiums, and find some ways to reduce the cost of your next policy.
Finding decent, budget car insurance is not the easiest thing to accomplish, and finding out which insurers offer the cheapest auto insurance rates for high risk drivers may require more quotes for comparison. Each auto insurer has their own unique process for setting prices, so we need to take a look at the auto insurance companies with the overall best prices in Virginia.
Keep in mind that Virginia auto insurance rates are calculated based on many things which can substantially decrease or increase the price of your policy. This price variability is why it is critical to compare many different companies when trying to find the lowest insurance quotes for high risk drivers. Insurance rates consist of many factors and change substantially, so the cheapest option the last time you compared rates may now cost much more than other companies.
Lowest Insurance Price Quotes for Risky Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $659 |
| 2 | USAA | $688 |
| 3 | Penn National | $726 |
| 4 | Cincinnati Insurance | $755 |
| 5 | Erie | $780 |
| 6 | Auto-Owners | $788 |
| 7 | Utica National | $788 |
| 8 | The Hartford | $801 |
| 9 | Virginia Farm Bureau | $826 |
| 10 | Donegal Mutual | $852 |
| 11 | Nationwide | $935 |
| 12 | ALFA | $998 |
| 13 | Allied | $1,012 |
| 14 | GEICO | $1,036 |
| 15 | National Grange Mutual | $1,093 |
| 16 | Chubb | $1,101 |
| 17 | State Farm | $1,143 |
| 18 | Electric | $1,180 |
| 19 | Progressive | $1,209 |
| 20 | California Casualty | $1,251 |
| Compare Rates Now Go | ||
Travelers generally has some of the best car insurance rates in Virginia Beach at around $659 annually. USAA, Penn National, Cincinnati Insurance, and Erie are also some of the best Virginia Beach, VA car insurance companies.
In this example, if you are insured with Cincinnati Insurance and switched to Travelers, you could realize a yearly savings of upwards of $96. Customers with Erie might save as much as $121 a year, and Auto-Owners policyholders might reduce rates by $129 a year.
If you want to see how much you could save, click here to start your free quote or visit any of the companies below.
Remember that these premiums are averaged across all ages of drivers and types of vehicles and are not factoring in a specific vehicle garaging location for high risk drivers. So the car insurance company that can offer you the lowest price may not even be in the top 30 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.
For high risk drivers, one of the big considerations that are looked at to determine the amount you pay for auto insurance is where you keep your car. Cities with larger populations are more likely to have higher rates, whereas less populated areas have the luxury of cheap car insurance rates.
The next table lists the most costly cities in Virginia for high risk drivers in which to buy car insurance. Virginia Beach comes in at #18 costing $910 for coverage, which is about $76 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Alexandria | $1,047 |
| 2 | Lake Ridge | $1,042 |
| 3 | Centreville | $1,037 |
| 4 | Burke | $1,037 |
| 5 | Dale City | $1,028 |
| 6 | Arlington | $1,003 |
| 7 | Norfolk | $990 |
| 8 | McLean | $985 |
| 9 | Reston | $983 |
| 10 | Richmond | $975 |
| 11 | Portsmouth | $972 |
| 12 | Newport News | $958 |
| 13 | Tuckahoe | $957 |
| 14 | Danville | $950 |
| 15 | Hampton | $943 |
| 16 | Ashburn | $929 |
| 17 | Suffolk | $928 |
| 18 | Virginia Beach | $910 |
| 19 | Leesburg | $904 |
| 20 | Chesapeake | $899 |
| 21 | Charlottesville | $886 |
| 22 | Lynchburg | $851 |
| 23 | Roanoke | $799 |
| 24 | Blacksburg | $799 |
| 25 | Harrisonburg | $776 |
| Compare Prices Now Go | ||
Rates are approximated as the specific garaging location can modify auto insurance rates greatly.
Choosing the highest-rated insurer can be a challenge considering how many companies there are in Virginia Beach. The ranking information in the next section can help you decide which insurers you want to consider when comparing rates.
These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Virginia business are not factored into this list. To get price quotes from these top insurers and more, click this link.
| 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
The chart below shows how choosing a deductible can raise or lower annual premium costs when researching cheap insurance for high risk drivers. The data is based on a single female driver, full physical damage coverage, and no discounts are factored in.
A 30-year-old driver could save $232 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $352 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, have the ability to save as much as $516 or even more just by choosing higher deductibles. If you do decide to increase your deductibles, it’s a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Why you should be shopping around
Virginia Beach, VA auto insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. Simply turning a year older, moving to a new city, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be more affordable than before. In addition to those changes, insurers file new rates as often as every quarter in order to remain profitable. A period of increased losses may result in increased policy costs, while better underwriting can produce lower-cost Virginia Beach car insurance rates.
As an example, the chart below shows the companies that have the cheapest car insurance in Virginia Beach, VA for a 35-year-old male driver with a clean driving record, no accidents, and good financial standing. If we compare prices based on his current situation, Travelers might quote the lowest car insurance rates in Virginia Beach at $806 a year. This is $352 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National are the remainder of the cheapest Virginia Beach, VA auto insurance companies.
The chart below compares rates after we give the driver from the first example a claim, a lower credit score, and a few traffic violations. Since each auto insurer uses their own method for setting rates, getting updated rate quotes could now result in a completely different list of the cheapest Virginia Beach car insurance companies as shown below.
Auto-Owners now has the lowest car insurance rate in Virginia Beach with Virginia Farm Bureau, Erie, Donegal Mutual, and Nationwide also being competitive. This example shows why drivers need to spend some time comparing rates to find the most economical insurance quotes for high risk drivers. Rates consist of many different factors and can increase or decrease at any time, so the most affordable company when you last compared rates may now be costing you a lot of money.