Want to learn how to buy more affordable insurance rates in Waynesboro, VA? If you are new to getting Waynesboro auto insurance quotes online, you may be confused thanks to all the different types of online insurance companies and websites all advertising big savings.

Amazingly, a recent NerdWallet.com study showed that most insurance customers kept buying from the same company for at least the last four years, and approximately 38% of consumers have never quoted insurance rates at all. With the average insurance premium being $1,200, Virginia drivers could save as much as 45% each year, but most tend to underestimate the benefits if they swap their current policy for a cheaper one.

It's important to compare rates quite often since insurance rates go up and down regularly. Just because you found the best deal on insurance six months ago there is a good chance you can find better prices now. Ignore everything you know about insurance because you're going to get a crash course in the fastest and easiest way to properly buy coverages and cut your premium.

Get cheaper rates on car insurance with these discounts

Car insurance can be pricey, but you can get discounts to reduce the price significantly. Some discounts will apply when you quote, but a few must be specially asked for in order for you to get them.Save money with discounts

As a footnote on discounts, some credits don't apply to the entire cost. Most only apply to individual premiums such as comp or med pay. So when it seems like you can get free auto insurance, you're out of luck.

Some companies that may offer policyholders some of the discounts shown above include:

When comparing rates, check with all the companies the best way to save money. All car insurance discounts may not apply to policyholders in every state. To see a list of car insurance companies that offer some of these discounts in Waynesboro, click here.

All the larger auto insurance companies give prices from their websites. This process is fairly simple because you just enter the amount of coverage you want into the quote form. After you complete the form, their system orders reports for credit and driving violations and quotes a price.

Being able to quote online makes it easy to compare insurance prices and it's absolutely necessary to compare as many rates as possible if you are searching for the most affordable premium.

To find out how much you can save on auto insurance, check out the auto insurance providers below. If you have a policy now, it's recommended you enter the coverage information identical to your current policy. Using the same limits helps guarantee you are getting a price comparison for the exact same coverage.

The companies shown below have been selected to offer free quotes in Virginia. If multiple companies are shown, we recommend you compare several of them in order to find the cheapest rates.

Insurance Cost Estimates for Popular Vehicles in Waynesboro
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Extended Cab 2WD $896 $448 $75
Chevrolet Impala LTZ $716 $358 $60
Chevrolet Malibu LS $886 $443 $74
Chevrolet Silverado LT Extended Cab 4WD $912 $456 $76
Dodge Ram Crew Cab ST 4WD $772 $386 $64
Ford Edge SEL AWD $992 $496 $83
Ford Escape Limited 2WD $694 $347 $58
Ford F-150 XL Regular Cab 2WD $620 $310 $52
Ford Focus SES 2-Dr Coupe $868 $434 $72
Honda Accord LX 4-Dr Sedan $846 $423 $71
Honda CR-V EX-L 2WD $580 $290 $48
Honda Civic Hybrid 4-Dr Sedan $930 $465 $78
Honda Odyssey EX-L W/Navigation $830 $415 $69
Nissan Altima Hybrid 4-Dr Sedan $864 $432 $72
Toyota Camry Hybrid $994 $497 $83
Toyota Corolla S $810 $405 $68
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $692 $346 $58
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in specific Waynesboro garaging location which can alter insurance rates significantly.

Full coverage or liability only

The information below examines Hyundai Elantra yearly insurance costs with liability coverage only compared to full coverage. The costs are based on no accidents, no driving violations, $1,000 deductibles, married male driver, and no additional discounts are factored in.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying physical damage coverage

There is no definitive rule for dropping comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's assume your Hyundai Elantra replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after the policy deductible has been paid. If you are currently paying more than $800 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some scenarios where dropping full coverage is not a good plan. If you haven't paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Policy deductible comparison

When buying car insurance, a common question is which deductibles should you choose. The premium rates below help summarize the differences in premium rates between high and low policy deductibles. The first data set uses a $250 deductible and the second set of prices uses a $500 deductible.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Focus insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $174 $336 $258 $16 $78 $887 $74
Focus SE 4-Dr Sedan $174 $336 $258 $16 $78 $887 $74
Focus SEL 4-Dr Sedan $174 $394 $258 $16 $78 $945 $79
Focus SES 4-Dr Sedan $174 $394 $258 $16 $78 $945 $79
Focus SE 2-Dr Coupe $198 $394 $290 $18 $88 $1,013 $84
Focus SES 2-Dr Coupe $198 $394 $290 $18 $88 $1,013 $84
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Ford Focus insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $140 $270 $258 $16 $78 $762 $64
Focus SE 4-Dr Sedan $140 $270 $258 $16 $78 $762 $64
Focus SEL 4-Dr Sedan $140 $318 $258 $16 $78 $810 $68
Focus SES 4-Dr Sedan $140 $318 $258 $16 $78 $810 $68
Focus SE 2-Dr Coupe $162 $318 $290 $18 $88 $876 $73
Focus SES 2-Dr Coupe $162 $318 $290 $18 $88 $876 $73
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Table data does not factor in vehicle garaging location which can raise or lower insurance rates significantly.

We can derive from the above data that using a $250 deductible costs roughly $11 more each month or $132 for a full year than buying the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 23 months between claims, you would probably be better off by selecting a higher deductible. The table below shows the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $79
Average monthly premium for $500 deductibles (subtract): - $68
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to be aware of is that increasing deductibles to save money means you will have to pay more out-of-pocket when you do file a claim. You need to make sure you have enough disposable income in the event you have to pay the higher deductible.

Driving violations and accidents

The diagram below shows how traffic citations and fender-benders can increase Ford Focus insurance prices for each different age group. The prices are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Informed consumers save more

When buying auto insurance it's important to understand the rating factors that come into play when calculating your premiums. When you understand what influences your rates, this allows you to make educated decisions that may result in lower rates.

Comparing rates from local Waynesboro insurance agents

Many people would rather sit down and talk to an agent and that is a smart decision One of the best bonuses of comparing rate quotes online is that drivers can save money and get the best rates but still work with a licensed agent. And supporting local insurance agents is important especially in Waynesboro.

To help locate an agent, after submitting this form (opens in new window), your information is emailed to insurance agents in Waynesboro who want to provide quotes for your coverage. There is no reason to leave your computer due to the fact that quote results will go immediately to your email address. You can get cheaper auto insurance rates and a licensed agent to talk to. If you want to quote rates from a specific insurance company, feel free to navigate to their website and give them your coverage information.

When researching a reliable insurance agency, you must know there are a couple different agency structures and how they can quote your rates. Insurance agencies in Waynesboro can be categorized as either independent or exclusive depending on the company they work for.

Independent Auto Insurance Agencies

Independent agents do not write with just one company so as a result can place your coverage with any number of different companies and find you cheaper rates. If prices rise, your agent can switch companies and you won't have to switch agencies. If you need lower rates, you absolutely need to compare prices from multiple independent agents to maximize your price options. Many independent agencies also insure through additional companies that you may not be familiar with that may provide cheaper auto insurance rates.

Exclusive Auto Insurance Agents

Agents of this type can only quote rates from one company and examples are State Farm, Allstate and AAA. They are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agencies are well schooled in insurance sales which helps offset the inability to provide other markets. Consumers sometimes purchase coverage from exclusives mainly due to the brand rather than low price.

Choosing an insurance agent requires more thought than just the quoted price. Some important questions to ask are:

Car insurance just makes sense

Despite the high cost, car insurance may be mandatory for several reasons.

The benefits of carrying adequate insurance more than cancel out the cost, especially when you need to use it. Today the average American driver overpays as much as $865 each year so you should quote and compare rates at every renewal to be sure current rates are still competitive.

More comparisons equals cheap rates

As you quote Waynesboro auto insurance, don't be tempted to reduce coverage to reduce premium. There are many occasions where consumers will sacrifice full coverage only to regret that they should have had better coverage. The proper strategy is to purchase plenty of coverage at an affordable rate, but do not sacrifice coverage to save money.

We covered a lot of techniques to save on insurance in Waynesboro. It's most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest car insurance rates are with a company that doesn't do a lot of advertising.

Budget-friendly insurance in Waynesboro is possible both online in addition to many Waynesboro insurance agents, and you should be comparing both to have the best selection. Some insurance companies do not provide rates over the internet and many times these smaller companies sell through local independent agents.

Additional detailed information can be read in these articles: