UPDATED: Mar 13, 2020
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Cheap Car Insurance in Alexandria, VA
Cheap auto insurance in Alexandria, VA does exist, even if it doesn’t feel like it sometimes. Yes, we understand how difficult it is to search for a fair rate from a solid company who offers get customer service.
That’s why we created the site – to help drivers in Alexandria (and many other places) get a car insurance policy that they can afford.
Alexandria is a residential hub for military and Civil Service workers thanks to its close proximity to Washington, DC.
On top of that, the city is known as the home of the US Patent Trademark Office as well as the National Science Foundation. There are a lot of very important people living and working all over Alexandria, Virginia.
- Fun fact: Don’t let those cloak-and-dagger spy novels fool you – Alexandria is actually #3 on the “Top 101 cities with the lowest number of murders” list!
Auto Insurance Coverage Requirements in Virginia
Driving legally in Alexandria requires:
|Bodily Injury Liability||25,000/50,000||100,000/300,000|
|Property Damage Liability||20,000||50,000|
|Uninsured Motorist Bodily Injury||25,000/50,000||100,000/300,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||250 deductible|
|Comprehensive||Not required||0 deductible|
Liability coverage is very important in ways that most drivers don’t realize. It isn’t so much about the legal requirement made by your state in order to drive; it’s also about protecting your financial assets from lawsuits.
You see, if you are found at fault in an accident but you don’t have enough liability coverage to pay for the damage you cause, then the injured parties can come after you in court.
If a judge does not rule in your favor, you could lose your house, your bank accounts, and any other liquid assets which can be used to pay out expenses for the injured party.
So not only is it important to purchase minimum coverage in order to drive legally – it’s important for protecting yourself, too.
Your typical Virginian driver is probably paying around $93 a month or more for their coverage. But how would you like to start saving 41 percent or more today? We can help you do exactly that.
Comparison shopping on your own can be tedious and laborious.
Most people get very discouraged early on. But we have the tools and resources necessary to help you compare rates among providers in your area for the best possible savings.
Kemper specialty and ALFA Look like the best to deal available in Alexandria if the only thing that matters is the monthly premium price tag. But there are other issues at hand when discussing auto insurance.
Even if it cost you a few dollars more, you’re going to want to choose a financially stable company with sound customer service policies over the cheapest deal on the street.
That way, if the worst-case scenario ever happens and you really need your insurance company to be there for you, you’ll have no doubt about it.
This begs the next obvious question: how do you go about finding the cheapest Virginia auto insurance policy you can get from a good company? Well, there are many factors at play. The best companies offer the lowest rates to the lowest risk drivers they can find.
If you can augment your own personal circumstances so that you look like an attractively low-risk driver to your prospective insurance company, you can look forward to a future of low monthly premiums and many bonus benefits from highly reputable companies in your area.
Major Car Insurance Factors in Alexandria
The seven factors we are about to discuss below are responsible for determining 67 percent of your monthly premium. That’s a huge chunk! Some of these factors are fairly rigid and difficult to change.
But others have a lot more flexibility. First, though, you have to learn more about what they are and how important they are to your insurance company before you can hope to change them for the better.
Your Zip Code
Your zip code is the very first thing any car insurance provider will ask for, whether you’re shopping around for a quote or whether you’re ready to sign the dotted line on a new policy. The area in which you live, drives the most, and park your car on a regular basis says a lot about how likely you are to get into an accident.
Your likelihood of getting into an accident (and, by extension, filing claims) has the largest influence and how affordable your premiums are. Crowded areas like Alexandria – with a population of 155,810 – might send your premiums up.
Conversely, safe areas with high property values like Alexandria where the average resident is taking home $87,920 in income might help you get a more affordable rate. It’s all about balancing the good news with the bad.
As you can see, accident statistics for Alexandria aren’t just low – they’re impressively low for a city where over 150,000 people are sharing the road each day. Guess what this means for you? Lower auto insurance rates, of course!
But it’s not just the accident statistics in your area that can help lower your rates. The safer of a driver you personally are, the less you’ll be paying each month on top of that.
Auto Thefts in Alexandria
If you look back into the auto theft history of Alexandria, there were some very uncomfortable numbers several years ago.
Thankfully, auto theft in Alexandria has been on the decline over the past several years, with the exception of a small uptick in the most recently recorded data (271 vehicles reported stolen). It’s hard to tell whether or not this will count against you in the eyes of your insurance company.
The best thing to do would be to consult your insurance agent and see if there are any proactive steps (like installing a passive alarm system on your vehicle) in order to get a modest discount.
Your Credit Score
What is it about good credit that makes auto insurance providers want to give you a lower rate? Part of it is your demonstration of financial responsibility. Car insurance is a business, after all. They want to make sure they offer services to customers who will reliably pay them in full and on time.
In their opinion, your credit score is the most reliable sign that you will do just that.
If you happen to be burdened with poor credit, though, don’t panic just yet. It is entirely possible to monitor your own credit and take steps towards improving your overall score, and there are plenty of free resources out there which can help you do so.
It’s all a matter of taking the initiative.
Are you the parent of a young driver? If so, you have our condolences. Helping your child find affordable car insurance is quite the challenge indeed. But if your child can show your insurance company proof of good grades and driver’s education courses, that will help.
You can also bundle your young driver with you onto a family policy for an extra bundling discount. Unfortunately, from now until the age of 25, they will still be paying uncomfortably expensive premiums no matter how many discounts you collect.
But with time, experience, and practicing careful driving habits, they’ll be able to save a decent chunk of money once they cross that age threshold.
Your Driving Record
Car insurance companies hate paying out claims. The more claims they have to pay out for their customers, the more unpredictable and unstable their finances become – which puts their business in jeopardy.
This is the main reason why people with a recent history of tickets, accidents, and filed claims have to pay higher monthly premiums than people who have a clean record. The key word, of course, is recent history.
Even if you have blemishes on your record now, making a dedicated effort towards safe driving and keeping your record clean for at least 3 years means that eventually these mistakes will no longer count against you and you can look forward to a lower rate in the future.
Aside from your own personal risk of getting into an accident, the potential expenses associated with cleaning up after an accident will factor into how much your insurance company charges you for your policy.
Granted, insurance companies can’t predict how expensive it will be to pay out liability claims on any vehicles you hit, any property you damage, or any of the people you injure; but they can predict how expensive it will be to replace or repair your vehicle.
This is why they ask questions about your vehicle – such as its age, make, and model – before they calculate your premium.
After all, a luxury SUV will cost much more to replace and repair then a 2002 Toyota Camry, for example. The same is true for the models in the graph below.
Minor Car Insurance Factors in Alexandria
Of course, tweaking some of the factors below can add up to some extra savings over time:
Your Marital Status
If you’ve been married for a while, then you’ve probably already heard the news. But if you’re new to the marriage scene, we have some exciting info for you: you and your spouse can bundle your auto insurance policies together for about a 10 percent savings off of your joint policy.
Bundling helps insurance companies get more business, and they like to reward their customers with financial benefits in exchange for helping them out. So why not take advantage of it?
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Once upon a time, insurance companies charge very different rates based on gender, even if every other circumstance was identical between two individuals. This practice is starting to fade out; but it isn’t completely gone yet.
You should definitely ask your insurance company where they stand on the matter. And if it happens to be your particular gender that gets charged the higher premium, well, you might want to think about switching sooner rather than later.
Your Driving Distance to Work
Long work commutes aren’t good for your auto insurance premiums because the more time you spend on the road and the more frequently you do it, the more of a financial risk you pose to your insurance company.
In Alexandria, the average driver spends at least half an hour commuting from home to work – that’s over an hour of driving time each day, usually during rush hour traffic when you are sharing the road with the greatest number of drivers. That’s definitely going to raise your risk of getting into an accident!
Luckily, the fact that 20 percent of workers will take some sort of public transportation into the office and only 54 percent of residents will drive their own vehicle to work solo helps reduce some of this risk.
Most modern car insurance companies these days offer discounts for people who can prove that they drive fewer miles than most. You may also get a discount if you can prove that you drive during the safer hours of the day and/or week and avoid rush-hour traffic or late night driving on the weekends.
You can do so with a provider approved mileage tracking app or a plug-in device which monitors your driving habits. And these discounts can be pretty sweet; some companies will offer a maximum of 25% to 35% in savings!
Your Coverage and Deductibles
There’s an opposite relationship between your deductible and your monthly insurance premiums. If you don’t have comprehensive or collision coverage on your policy, this probably doesn’t matter to you because you won’t have a deductible to pay anyway.
If there isn’t an at-fault driver to pay for the damage done to your vehicle, you may be stuck with all of the costs of getting your vehicle repaired or replaced.
But if you do have comprehensive/collision, keep in mind that the lower your deductible is, the higher your monthly premium will be and vice versa.
It’s all about deciding what is more important to you: having the luxury of paying less money to get back on the road in the unlikely event of an accident or saving money over time by driving as carefully as possible and hoping that the worst doesn’t happen to you.
Education in Alexandria, VA
Alexandria is a very well-educated city. The largest chunk of residents, a whopping 29 percent, have earned themselves a bachelor’s degree. Another 23 percent, which is the next largest educational demographic, have gone on to achieve a master’s degree.
And the higher the education you have, the lower your monthly auto insurance premiums will be.
It takes discipline and a responsible attitude to succeed at getting a higher education. This means you will probably be more responsible and disciplined behind the wheel, which can inspire your insurance company to give you better discounts.
Many of the more attractive institutions of higher education are located outside the city limits of Alexandria. Among them are Strayer University-Virginia, George Washington University, and Georgetown University.
These high-profile universities offer a multitude of programs from a bachelor’s degree up, and in a not-for-profit setting, too.
The easiest way to save money on your car insurance right now is to comparison shop. But it’s a tedious and difficult process if you’re doing it by yourself. We are more than happy to help you out, though.
We’ll get you fast, accurate quotes that you can compare between providers near you absolutely free of charge! What are you waiting for? Let us help you start saving money today.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.
Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.