What is the average cost of Auto Insurance in Virginia ?

Discover What is the average cost of Auto Insurance in Virginia ?

The typical expense for a comprehensive car insurance plan in Virginia amounts to $942 annually or $78 monthly.

This rate falls within the moderate range when compared to the nationwide average, placing Virginia in the 21st position among all states in terms of insurance costs.

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Cost of Auto insurance in virginia
Source: (usatoday)

Monthly car insurance cost

Following USAA, Erie Insurance and Allstate provide the most budget-friendly insurance choices for the majority of drivers in Virginia.

The average monthly car insurance rates in Virginia come in at around $95 for full coverage and $41 for minimum coverage, with annual costs averaging $1,142 and $490, respectively.

Is car insurance mandatory in Virginia?

In contrast to the majority of states, Virginia does not have a strict mandate that compels drivers to possess auto insurance when using its roads.

Nonetheless, considering the inevitability of accidents, it is advisable to obtain auto insurance to protect yourself.

Even the most cautious driver may find themselves in an unforeseen auto collision someday.

Typical cost of car insurance in Virginia

Wondering about the average car insurance rates in Virginia?

On average, Virginians pay around $230 per month for full coverage and approximately $151 per month for liability-only coverage.

These rates can vary significantly depending on various factors, including your driving history, age, gender, credit score, location, and more.

What’s the minimum car insurance requirement in Virginia?

The mandatory minimum auto insurance coverage in Virginia is set at $25,000/$50,000/$20,000.

This means your coverage includes up to $25,000 for bodily injury per person and a maximum of $50,000 per accident.

Additionally, it provides up to $20,000 for property damage caused to another party in case of a covered accident.

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Is car insurance affordable in Virginia?

According to thezebra.com, the average car insurance cost in Virginia for the year 2021 stands at $1,067, which is notably 30% below the national average.

Is car insurance costly in Virginia?

In Virginia, full coverage car insurance costs around $3,445 annually, compared to the national average of $4,211 per year.

Virginia’s car insurance rates are typically more budget-friendly than the national average, with full coverage at $4,211 and minimum at $1,407 annually.

The average car insurance premium in Virginia stands considerably lower than the national average.

Based on our collected data, the typical yearly car insurance rate in Virginia is approximately $1,066, whereas the national average rests at around $1,442.

What’s the price of insurance for new drivers in Virginia?

Car insurance expenses for novice drivers in Virginia typically range from $77 per month to $229 per month.

The precise amount fluctuates depending on factors such as the driver’s age and whether they’re acquiring their individual policy or getting added to an existing one.

How much does the uninsured motorist fee cost in Virginia?

If a vehicle lacks insurance coverage, the DMV requires the vehicle owner to submit a $500 uninsured motor vehicle fee, in addition to the standard registration fees.

It’s important to note that the payment of this $500 fee does not grant any insurance protection to the motorist.

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