Who Has Cheap Auto Insurance for Veterans in Virginia?

It’s impossible to miss the captivating commercials from auto insurance companies like Allstate and Farmers that promise big savings. So drivers just need to pick the company with the best ad, right?

It’s not that simple, unfortunately, as there are many unknown elements such as if your vehicle is for work or personal use, whether or not you are currently insured, and if you are wanting full coverage, that all impact the price you pay. This article delves into these factors and others that can influence the price of auto insurance and also should give you a good beginning to your quest for cheaper car insurance in Virginia.

Trying to find low-priced insurance is tough enough, and finding out which companies offer the lowest-priced car insurance rates for veterans will require additional perseverance. Each insurance company uses different criteria for filing rates in each state, so let’s take a look at the car insurance companies that tend to be cheaper in Virginia.

We do need to point out that Virginia car insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Price variation is why it is important to spend some time comparing rates when trying to get the most budget-friendly car insurance quotes for veterans. Insurance rates consist of many factors and can change substantially, so the most economical company the last time you compared rates may now be wasting a lot of money.

Best Auto Insurance Prices for Vets

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Travelers offers some of the cheapest car insurance rates in Virginia at around $659 annually. USAA, Penn National, Cincinnati Insurance, and Utica National also rank well as some of the most economical Virginia insurance companies.

In the above example, if you currently buy coverage from Cincinnati Insurance and switched to USAA, you may realize a yearly price reduction of approxmiately $45. Virginia drivers with Utica National may save as much as $70 a year, and Erie policyholders might realize rate reductions of up to $92 a year.

If you want to see how much you could save, click here to start your custom quote or visit any of the low-priced companies below.

Bear in mind that those policy rates are averages for all insureds and vehicles and are not factoring in a price discount for veterans. So the insurer that has the cheapest rates for you may not even be featured in the chart above. That’s why you need to compare rates from multiple companies using your own driver data and vehicle information.

For veterans, one of the big considerations that is used by car insurance companies to calculate the cost of insurance is where your home is located in Virginia. Areas with a lot of weather claims or more people like Burke, Lake Ridge, and Dale City will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.

The illustration below ranks the most costly cities in Virginia for veterans to purchase car insurance in.

Prices are estimated as the specific Virginia residence address can modify insurance rates considerably.

We all like different vehicles, and the type of vehicle on the policy is a significant factor when shopping around for the most economical auto insurance for veterans. Vehicles with more horsepower, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than more modest models. The information below showcases insurance rates for a selection of the most economical automobiles to insure in Virginia.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Estimates do not factor in vehicle garaging location which can raise or lower insurance rates considerably.

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can alter coverage rates considerably.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific location which can decrease or increase premium rates significantly.

Violations and accidents raise rates

The recommended way to enjoy good car insurance premiums in Virginia for veterans is to drive safe and maintain a clean driving record. The example below illustrates how violations and accidents drive up insurance prices for different age groups. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

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In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $1,423. Receive one speeding ticket and the average cost rises to $1,611, an increase of $188 each year. Now add in one accident along with the one speeding ticket and the yearly cost of car insurance for veterans jumps again to an average of $2,141. That’s an increase of $718, or $60 per month, just for not being attentive to the road!

Company comparison: Progressive vs State Farm vs Geico vs Allstate

If you’re looking for the cheapest car insurance for veterans in Virginia, the most popular companies are Progressive, State Farm, Geico, and Allstate. All offer liability and physical damage insurance, but each one has slightly different coverages and options that shoppers can choose from. The table below rates ratings for price and service, as well as some optional coverages shoppers can find with each company.