One of the more important criteria that aid in calculating the annual cost of car insurance is where you live in Lake Ridge. Cities with larger populations or higher claim trends tend to have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.
The information below rates the highest-priced areas in Virginia to buy auto insurance in. Lake Ridge is listed at #4 with a yearly premium of $1,032 for car insurance, which is around $86 each month.
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Price information shown is comparative as the specific zip code location can raise or lower premiums considerably.
Now that we understand where Lake Ridge ranks compared to other cities, deciding which companies quote the lowest-priced insurance rates in Lake Ridge will take more time than just picking a company at random. Each auto insurance company has a proprietary formula for determining prices, so we'll take a look at the lowest cost insurance companies in Lake Ridge.
It's a good idea to be aware that Virginia insurance rates are impacted by many factors that will increase or decrease the price of coverage. Simply having a birthday, marrying your spouse, or getting a speeding ticket can trigger price changes that may make certain companies more affordable than the competition.
Find the Cheapest Auto Insurance in Lake Ridge
|Rank||Company||Cost Per Year|
|8||Virginia Farm Bureau||$810|
|15||National Grange Mutual||$1,093|
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Travelers normally has some of the cheapest car insurance rates in Lake Ridge at around $653 each year. This is $505 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners also qualify as some of the lowest-priced Lake Ridge, VA car insurance companies.
As shown above, if you buy coverage from Auto-Owners and switched to USAA, you may see an annual savings of about $49. Virginia drivers with Utica National could save as much as $72 a year, and The Hartford insureds might reduce rates by $100 a year.
To find the cheapest coverage for you, click here to get quotes or feel free to get quotes from the companies below.
Understand that those estimates are averages for all insureds and vehicles and do not factor in a specific location in Lake Ridge. So the company that fits you best may not even be in the top 30 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
The vehicle model you are trying to insure is probably the biggest factor that determines the availability of the best insurance in Lake Ridge. Vehicles with average performance, an excellent safety record, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.
The next list estimates insurance rates for a handful of the most affordable vehicles to insure in Virginia.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,285|
|Ford Escape Limited 2WD||$1,315|
|Honda CR-V LX 4WD||$1,412|
|Hyundai Elantra GLS Touring Station Wagon||$1,453|
|Honda Civic DX 4-Dr Sedan||$1,494|
|Ford Focus S 4-Dr Sedan||$1,500|
|Chevrolet Malibu LS||$1,525|
|GMC Sierra SL Extended Cab 2WD||$1,532|
|Toyota RAV4 2WD||$1,525|
|Ford Explorer Eddie Bauer 4WD||$1,553|
|Honda Odyssey LX||$1,602|
|Toyota Tacoma 2WD||$1,635|
|Nissan Rogue SL 2WD||$1,645|
|Ford Edge Limited 2WD||$1,635|
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rates do not factor in specific garaging location which can impact rates considerably.
By looking at the data, you can assume that cars like the Honda Accord, Ford Escape, and Honda CR-V will be some of the most economical vehicles to insure for drivers in Lake Ridge.
Safe drivers pay cheaper rates
A great way to score good auto insurance prices for drivers in Lake Ridge is to drive attentively and not get tickets or have accidents. The diagram below shows how violations and accident claims can increase insurance premiums for different age groups. The rates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of an auto insurance policy in Virginia per year with no accidents and a clean driving record is $1,522. Factor in one speeding ticket and the average cost swells to $1,773, an increase of $251 each year. Then include two accidents along with the one speeding ticket and the annual cost of auto insurance in Lake Ridge jumps again to an average of $3,886. That's an increase of $2,364, or $197 per month, just for not paying attention while driving!
How to find the cheapest auto insurance in Lake Ridge
Lowering your rates is not difficult, and here are some penny-pinching suggestions that can help Lake Ridge drivers buy more affordable auto insurance.
- Increase physical damage deductibles
- Accidents can significantly increase rates
- Buy a safer vehicle
- Violations and traffic tickets increase rates
- Higher credit ratings may save you money
- Compare rates often to find the best deal
The last idea is certainly vital, as was noted in the prior information. Auto insurance prices can change in a short period of time, so drivers shouldn't be resistant to switch carriers if a cheaper rate is available.
Many drivers tend to have loyalty to a certain company, but it's not a great idea if that loyalty results in overpaying a fortune every year. In just a few minutes you could shop around to find cheaper insurance in Lake Ridge.