Auto insurance rates are starting to rise in Virginia, so it is essential that consumers lock in rates now before they go higher. Today’s rates are 13% higher than they were last year, which in turn were 4% higher than in 2007. As prices keep rising it becomes more difficult to find cheap car insurance in Virginia (VA), but we have some tips that can help.
First, it’s important to understand what the insurance requirements are in Virginia. The state requires all drivers to maintain minimum liability coverage for bodily injury of $25,000 for one person and $50,000 for two or more persons. You also must carry property damage coverage of at least $20,000.
While you can choose not to carry car insurance in Virginia, this is not a recommended route. In the event of an accident, all the financial responsibility will fall on your shoulders. If there are injuries or deaths from the crash you could be sued and your assets – including your house – could be seized. If you do decide to forgo insurance you will have to pay the Virginia Department of Motor Vehicles an Uninsured Motor Vehicle fee of $500.
Under Virginia law, motorists fall under a tort system in which at fault for an accident will be responsible for paying all costs. Since it is possible to get cheap car insurance in Virginia, there is no excuse not to have adequate coverage. Your financial future is truly at stake.
If you live in an urbanized area like Arlington, it’s likely that you will pay more for insurance than your country cousins. Urban living means more cars on the road and more expensive accidents. In contrast, folks living in rural areas or small towns like McGrady or Glendale Springs will find it easier to find cheap car insurance in Virginia. There tends to be fewer cars on the road and fewer accidents in rural locations so carriers can afford to price their policies lower.
Residents of the Old Dominion pay an average of $1,482 on car insurance, about $300 less than the national average. But with rates rising, Virginia will likely get much closer to the national average rate soon.
When shopping for a policy, it’s a good idea to check your credit report first. If you have a good credit score it is easier to get cheap car insurance in Virginia. If you notice discrepancies in your report be sure to clear these up or have them removed, as they will only serve to boost the price you pay for a policy.
No matter where you live, the best way to find cheap car insurance in Virginia is to compare policy quotes from at least three and preferably five different carriers. There are dozens of insurers competing for your business in Virginia so let them fight it out for your business.
This website makes it easy to compare rates – all you need to do is enter your zip in the form at the top of the page and we will instantly connect you to the best discount insurers in your area. The service is fast, free and there is no obligation. Get started saving on your insurance today.