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Updated March 9, 2022
Cheapest Companies for Drivers With Bad Credit in Virginia (2022)
For drivers with bad credit in Virginia, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.
To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Virginia. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in Virginia.
|Carrier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
|Midvale Home & Auto||$182|
Bad Credit Car Insurance in Virginia
As the home to several presidents and lots of iconic American landmarks, Virginia has played a crucial role in American history. But now the state features something Washington and Jefferson never could have imagined—thousands of cars on the roads every day. But do Virginia's drivers pay more for car insurance if they have a bad credit score?
As a state that allows credit-based insurance rates, the answer is generally yes. If a car insurance company in Virginia looks at your credit history and fears you might not pay bills on time, they may offer you a higher car insurance rate. So as a Virginian, working to improve your credit score can definitely pay off.
Virginia Car Insurance Rates for Bad Credit Drivers
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
How Much Does Bad Credit Impact Car Insurance Rates in Virginia?
Drivers with bad credit in Virginia pay almost nine percent more for car insurance than drivers with good credit. This comes out to $17 per month, or about $200 per year added to your car insurance bill.
Virginia's average car insurance rates are in the middle of the pack compared to the rest of the United States. So while adding almost $20 to your monthly premium isn't anyone's idea of a good time, you'll still be paying a fairly reasonable rate even if your credit is far from perfect.
Can I Get Car Insurance With No Credit Check in Virginia?
In Virginia, car insurance companies are allowed to look at your credit score before determining your car insurance rate. So you'll most likely undergo a credit check as you shop for car insurance in Virginia.
But Virginians still have options even if their credit score isn't great. Some smaller regional car insurance companies boast that they don't check credit—though keep in mind they might inflate their prices as a result. Or you might want to seek out a national insurance carrier like GEICO that offers reasonable rates for drivers with bad credit.
Virginia Car Insurance Rates by Credit Tier
In Virginia, car insurance rates gradually rise as your credit score goes down. Those with excellent credit pay $181, while those with good or average credit pay an average of about $20 more than that. And then you can tack on roughly another $20 if you have poor credit.
|Credit Tier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
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Car Insurance Rates With Bad Credit in Virginia Cities
For Viriginians with poor credit, it doesn't look like the city you live in makes a massive impact on your average rate. The one city that stands out is Richmond, where residents pay the highest average of $239 per month. The other major cities have similar average rates, with Chesapeake boasting the lowest, at $204 per month.
|City||Credit Tier||Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.|
Tips for Researching Bad Credit Virginia Car Insurance Rates
Insurance prices and policies can vary significantly between companies, and a state like Virginia draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.
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Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies
FAQs - Virginia Car Insurance
There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.
Auto insurance costs will vary between locations and insurance carriers, depending on the county Virginia. Insurify analyzed the latest data for the five most populous cities in Virginia to find you the cheapest quotes in each of these metropolitan areas.
The way to find the carrier with the best auto insurance ratings in Virginia and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.
During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.
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Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.