How Much are Insurance Quotes for 4×4 Vehicles in Virginia?

Writing this article would sure be easy if we could simply give you the name of the exact car insurance company that has the best auto insurance prices in Virginia. It’s not quite that easy, unfortunately, as there are a whole slew of unknown elements like if you want full coverage, deductible levels for physical damage coverage, if you have ever had a gap in coverage, and if you own your own home. This article delves into the best ways to avoid high prices and will give you a good start in finding the cheapest car insurance.

The car, truck, or SUV needing coverage is one of the largest factors in finding low-priced auto insurance for 4×4 vehicles. Vehicles with lots of speed or power, a lack of advanced safety features, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models.

The data below ranks insurance rates for a number of the most economical automobiles to insure in Virginia.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rates do not factor in garaging location in Virginia which can decrease or increase prices considerably.

Looking at the data, you can presume that makes and models like the Chevrolet Traverse, Honda CR-V, and Toyota Prius will definitely be a few of the less-costly vehicles to insure for off-road vehicles.

When buying insurance for off-road vehicles, one of the key things that helps insurance companies calculate the amount you pay for auto insurance is where your home is located in Virginia. Areas with increased crime or more people like Burke, Arlington, and Dale City tend to have higher rates, whereas areas with lower crime rates and fewer weather claims generally pay lower insurance rates.

The illustration below illustrates the more expensive cities in Virginia for 4×4 vehicles to purchase auto insurance in.

Prices are comparative as the garaging address in Virginia can lower or raise premiums greatly.

Impact of citations and accidents on Virginia insurance rates

The ideal way to find cheap insurance for 4×4 vehicles in Virginia is to drive carefully and avoid accidents and traffic citations. The illustration below illustrates how speeding tickets and at-fault accidents increase premium costs for different categories of driver ages. The premiums are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

The chart shows that the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,145. Add in two speeding tickets and the average cost increases to $1,627, an increase of $482 each year. Now get one accident along with the two speeding tickets and the 12-month cost of auto insurance for 4×4 vehicles goes up to an average of $2,110. That’s an increase of $965, or $80 per month, just for being a less-than-perfect driver!

Liability-only versus full coverage

Finding cheap insurance for 4×4 vehicles in Virginia is probably important to most drivers, and one easy way to find cheaper insurance is to buy only liability coverage. The illustration below illustrates the difference between insurance premiums with full coverage compared to only the Virginia minimum liability coverage. The data assumes no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.

As an average for all age groups, physical damage coverage on your policy costs $1,466 per year over and above liability coverage. At some point, about every driver wonders if physical damage coverage is worth the money. There is no clear-cut formula to delete full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s replacement value is $6,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,500 after paying your policy deductible. If you are paying over $550 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some cases where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.