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Auto Insurance Buyer's Guide for Virginia

How to Shop

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Step 1. Understand What Factors Affect Your Rates

Become an informed insurance consumer. Virginia has a competitive rating law. This means that each company will charge different prices for auto insurance. Insurance rates arebased on who you are, where you live and what you drive. Most companies ask about previous claims, traffic tickets, annual mileage, and even education and occupation. Your credit history may also affect your rate. Coverage and deductibles you choose are most important.

Drivers With No Accidents

VS.

Drivers With 2 or More Accidents

Average rate increase = $1,000

Source: Insurance.com data, 2009.

Step 2. Decide How Much to Buy

Choose your coverage with confidence. The Financial Responsibility Law in Virginia gives you the choice of buying an insurance policy with minimum limits of liability or paying a $500 Uninsured Motor Vehicle (UMV) fee to the Department of Motor Vehicles (DMV) when you register your car. But, this annual UMV fee is not insurance; it simply allows you to drive an uninsured vehicle at your own risk.

Virginia’s 25/50/25 minimum limits of liability may be enough coverage if you’re buying insurance for the first time or you're a renter. If you own a home, but haven’t increased your policy limits since you rented, compare the cost of increasing your limits to protect your investment. We can explain your options once you start your quote online.

Possible Penalties for Lack of Insurance:

  • Drivers license suspension
  • SR-22 filing requirement for 3 years
  • $500 Uninsured Motor Vehicle fee

Source: Virginia Bureau of Insurance.

Step 3. Shop Smart and Save

Comparison quotes will show you the money. The average insurance rate quote in Virginia is over $1,600. Many insurance companies change their rates annually, so comparing rates to see if you can save 10 or 20 percent on your annual bill can be worth the time. It’s a good idea to compare rates every year. Each of our Virgina companies has discounts and payment plans that could save you hundreds on your auto insurance.

Get Quotes From These Top Virginia Companies

Step 4. Learn How Auto Insurance Really Works

We’ll help you understand Virginia’s insurance requirements, so you can make the right decisions about your coverage before you buy a new policy. Insurance companies calculate your rate based on the personal information you provide either online or by phone, including your driving record, a credit-based insurance score, and your claims history. To get an apples-to-apples comparison, not just an estimate, be sure you provide the details about your cars, other drivers in your household and any accidents or tickets that you’ve had. 

It’s fast and it’s free. You’ll save time by comparing so many companies at once. Take the first step to see how much you can save today.

Compare Rates From Multiple Virginia Auto Insurance Companies

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