For drivers in Lynchburg, one of the largest components that help determine the amount you pay each year for auto insurance is your zip code in Lynchburg. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the luxury of lower rates.
The following table lists the highest-priced places in Virginia to buy an auto insurance policy in. Lynchburg is ranked at #22 with a yearly cost of $877 for the average insurance policy, which is around $73 monthly.
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Rate information is comparative as the specific area where the vehicle is garaged can affect premiums noticeably.
Knowing where Lynchburg ranks compared to other Virginia cities, trying to find low-cost car insurance is hard enough, and figuring out which insurers offer the lowest-priced auto insurance rates in Lynchburg involves a bit more work. Each insurer has a proprietary method for filing rates in each state, so we'll take a look at the auto insurance companies with the overall cheapest rates in Lynchburg, VA.
Keep in mind that Virginia auto insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Getting older, buying a safer car, or getting a ticket for careless driving may prompt premium changes that can now make some companies more affordable than competitors.
Cheap Insurance Rates in Lynchburg
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$810|
|15||National Grange Mutual||$1,071|
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Travelers generally has some of the cheapest car insurance rates in Lynchburg at around $653 annually. This is $505 less than the average price paid by Virginia drivers of $1,158. USAA, Cincinnati Insurance, Penn National, and The Hartford also make the cut as some of the cheaper Lynchburg, VA auto insurance companies.
In the above rates, if you buy coverage from The Hartford and switched to USAA, you may realize a yearly savings of about $90. Insureds with Auto-Owners might save as much as $93 a year, and Erie customers might realize rate reductions of up to $93 a year.
To find the cheapest coverage for you, click here to begin a quote or visit several of the following companies.
It's important to note that these premium estimates are averages for all insureds and vehicles and and are not figured with a specific vehicle garaging location in Lynchburg. So the auto insurance company that is best for you may not even be in the top 30 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
The car, truck, or SUV you are trying to insure is a large factor when comparing quotes for the most economical insurance in Lynchburg. Vehicles with higher performance, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The data below presents insurance costs for the most economical vehicles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 4WD||$990|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,005|
|Jeep Grand Cherokee Laredo 4WD||$1,081|
|Dodge Grand Caravan Crew||$1,103|
|Honda Civic VP 4-Dr Sedan||$1,118|
|Hyundai Elantra GLS Touring Station Wagon||$1,120|
|Honda CR-V LX 2WD||$1,127|
|Toyota Corolla LE||$1,138|
|Chevrolet Impala LTZ||$1,148|
|Volkswagen Jetta SE 4-Dr Sedan||$1,159|
|Nissan Rogue SL 2WD||$1,161|
|Hyundai Sonata GLS 4-Dr Sedan||$1,167|
|Ford Explorer XLT AWD||$1,177|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,181|
|Ford Edge SEL 2WD||$1,218|
|Chevrolet Silverado LS Regular Cab 4WD||$1,229|
|Honda Accord EX-L 2-Dr Coupe||$1,240|
|Chevrolet Equinox LS AWD||$1,242|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,266|
|Ford Focus S 4-Dr Sedan||$1,300|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,307|
|Toyota RAV4 Sport 4WD||$1,326|
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in your specific Lynchburg, VA location which can increase or decrease price quotes substantially.
Based upon these rates, you can expect models like the Ford Escape, Jeep Wrangler, Jeep Grand Cherokee, and Dodge Grand Caravan are a few of the more affordable vehicles to insure for drivers in Lynchburg.
Impact of citations and accidents on Lynchburg insurance rates
The ideal way to maintain affordable car insurance premiums for drivers in Lynchburg is to drive safely and avoid accidents and violations. The illustration below shows how traffic citations and at-fault collisions raise insurance prices for different age groups. The prices are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are applied.
In the chart above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,269. Factor in one speeding ticket and the average cost surges to $1,479, an increase of $210 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of car insurance in Lynchburg goes up to an average of $3,356. That's an increase of $2,087, or $174 per month, just for being a less-than-perfect driver!
Get discount Lynchburg auto insurance
Insurers that offer cheap quotes in Lynchburg may additionally offer rate discounts that can lower rates by as much as 25% or more if you are eligible for them. Popular car insurance companies and the discounts they provide can be read below.
- GEICO offers premium reductions for emergency military deployment, driver training, anti-lock brakes, federal employee, multi-vehicle, defensive driver, and anti-theft.
- Auto-Owners Insurance offers discounts including multi-policy, anti-lock brakes, student away at school, safe driver, multiple vehicles, and safe vehicle.
- American Family policyholders can earn discounts including multi-vehicle, bundled insurance, accident-free, Steer into Savings, defensive driver, TimeAway discount, and good student.
- Esurance offers discounts for homeowner, claim free, multi-car, anti-lock brakes, online shopper, multi-policy, and Switch & Save.
- Progressive may offer discounts for online signing, multi-policy, homeowner, continuous coverage, and multi-vehicle.
- State Farm may have discounts that include student away at school, anti-theft, defensive driving training, passive restraint, good driver, Steer Clear safe driver discount, and multiple policy.
- AAA has savings for education and occupation, multi-policy, pay-in-full, AAA membership discount, and good student.
The information below shows the difference between insurance costs with and without discounts applied to the rates. The data assumes a female driver, no claims or violations, Virginia state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with defensive driving course, accident-free, homeowner, marriage, safe-driver, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance in Lynchburg is 28% or $435.
Rate comparison of full coverage and liability-only
Paying a lower price for car insurance is probably important to most vehicle owners, and one great way to pay lower rates for insurance in Lynchburg is to only pay for liability coverage. The chart below compares auto insurance rates with and without physical damage coverage. The rates are based on no claims or driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.
If we average the cost for all age groups, physical damage coverage on your policy costs $1,358 per year over liability only. Many people question if you should buy full coverage at all. There is no definitive rule to stop paying for physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.
How to find cheaper car insurance in Lynchburg
It is possible to find better rates, and here are some of the recommended money-saving ideas that can help Virginia drivers locate cheaper coverage.
- Do not pay for full coverage on older vehicles
- Pay for small claims rather than turning them in to your insurance company
- Keep your driving record clean
- Buying your home and auto policies from the same company can earn a discount
- Buy a vehicle with excellent safety ratings
- Do not get into accidents
- Ensure you have the best deal by shopping around regularly
The last item on the list is incredibly vital, as we stressed in the article above. Coverage rates fluctuate considerably, so you should be ready to buy from a different company if a lower price can be found. We understand brand loyalty, but we do not recommend it if that inflexibility results in costing you a small fortune. In just a few minutes you could shop around and find cheaper car insurance in Lynchburg.