How long has it been since you compared quotes for more competitive car insurance rates in Norfolk, VA? Paying for high-priced car insurance in Norfolk can drain your monthly budget and force you to cut corners elsewhere. Comparison shopping is a fast and free way to ensure you are getting the best deal.

A recent car insurance study revealed that most drivers kept buying from the same company for at least the last four years, and just under half have never compared quotes from other companies. Virginia drivers could save approximately 45% each year just by comparing rates, but they don't believe the benefits if they switch to a new company.

Due to the abundance of online and local companies to choose from, it's difficult to find the lowest cost car insurance company.

You should take the time to get comparison quotes at least once a year because insurance prices are rarely the same from one policy term to another. Just because you had the lowest quotes on car insurance at your last renewal you can probably find a better rate now. Block out anything you think you know about car insurance because you're about to learn how to use the internet to find the best coverage while lowering your premiums.

Buy Norfolk car insurance online

It's important to know that having more price comparisons will improve the odds of getting a better price. Some companies don't provide quotes online, so you need to compare prices from them as well.

The companies in the list below provide free quotes in Virginia. If more than one company is shown, we suggest you click on several of them to find the most affordable auto insurance rates.

Insurance Price Estimates for Popular Vehicles in Norfolk
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $748 $374 $62
Chevrolet Silverado LS Extended Cab 4WD $886 $443 $74
Dodge Ram Quad Cab TRX4 Off Road 2WD $668 $334 $56
Ford Escape XLS 2WD $768 $384 $64
Ford F-150 Lariat Crew Cab Platinum 2WD $868 $434 $72
Ford Focus SES 4-Dr Sedan $744 $372 $62
Ford Fusion Sport 4-Dr Sedan $738 $369 $62
Honda Accord EX 2-Dr Coupe $876 $438 $73
Honda CR-V EX 2WD $640 $320 $53
Honda Civic LX 2-Dr Coupe $1,088 $544 $91
Hyundai Elantra GLS 4-Dr Sedan $722 $361 $60
Hyundai Sonata GLS 4-Dr Sedan $714 $357 $60
Jeep Grand Cherokee Laredo 2WD $678 $339 $57
Jeep Wrangler Sport 4WD 2-Dr $628 $314 $52
Nissan Altima 2.5 S 2-Dr Coupe $1,176 $588 $98
Toyota Camry SE $1,178 $589 $98
Toyota Corolla XLE $1,078 $539 $90
Toyota Tacoma Double Cab 4WD $902 $451 $75
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Premium costs do not factor in specific location information which can impact auto insurance rates noticeably.

Comparison of policy deductibles

When shopping for auto insurance, a common question is at what level do you set your deductibles. The rates below illustrate the rate differences of buying low and high policy deductibles. The first set of rates uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Corolla insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $222 $472 $258 $16 $78 $1,071 $89
Corolla S $222 $472 $258 $16 $78 $1,071 $89
Corolla XLE $222 $472 $258 $16 $78 $1,071 $89
Corolla XRS $250 $472 $258 $16 $78 $1,099 $92
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Toyota Corolla insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $162 $318 $258 $16 $78 $832 $69
Corolla S $162 $318 $258 $16 $78 $832 $69
Corolla XLE $162 $318 $258 $16 $78 $832 $69
Corolla XRS $182 $318 $258 $16 $78 $852 $71
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in garaging location in Norfolk which can raise or lower coverage rates significantly.

Based on the figures above, using a $100 deductible costs roughly $20 more each month or $240 every year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 20 months between claims, you would most likely save money if you decide on a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $90
Average monthly premium for $500 deductibles (subtract): - $70
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One thing to note is that raising deductibles to save money results in more money out-of-pocket when you do file a claim. It will be required that you have enough disposable income in the event you need to pay the higher deductible in order to repair your vehicle.

Accidents and violations increase rates

The information below shows how violations and at-fault accidents can influence Hyundai Elantra insurance premiums for different age groups. The prices are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

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

Does full coverage make sense?

The example below illustrates the difference between Toyota Camry insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims, a clean driving record, $500 deductibles, single male driver, and no additional discounts are factored in.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying full coverage

There is no clear-cut rule of when to eliminate full coverage, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's assume your Toyota Camry settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the deductible is paid. If premiums are more than $500 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some circumstances where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Why you need quality insurance for your vehicle

Even though it's not necessarily cheap to insure a vehicle in Norfolk, insurance is required in Virginia but it also protects you in many ways.

The benefits of carrying enough insurance are definitely more than the cost, especially with large liability claims. An average driver in America is wasting up to $800 each year so you should quote rates each time the policy renews to ensure rates are inline.

Do you qualify for discounts on car insurance?

Some companies don't always advertise every discount they offer very well, so we break down both well-publicized and also the lesser-known discounts that you may qualify for. If you do not double check each discount possible, you are just wasting money.Discount car insurance

A little disclaimer on discounts, many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like all those discounts means the company will pay you, that's just not realistic. But all discounts should definitely cut the amount you have to pay.

Some of the larger companies that have some of the above discounts possibly include:

Before purchasing a policy, check with every company how many discounts you can get. Depending on the company, some discounts might not be offered on policies in Norfolk.

Compare prices but still have a local Norfolk insurance agent

Some consumers still prefer to go talk to an agent and that is just fine! One of the best bonuses of comparing rate quotes online is you may find lower rates and also buy local.

Find insurance agent in NorfolkBy using this simple form, your insurance data is sent to companies in Norfolk who will give you quotes and help you find cheaper coverage. You don't have to contact any agents since price quotes are sent to your email. It's the lowest rates AND an agent nearby. In the event you want to compare prices from a specific auto insurance provider, just jump over to their website and submit a quote form there.

Finding the right company needs to be determined by more than just the bottom line cost. Any agent in Norfolk should be forthright in answering these questions:

When finding a reputable insurance agent or broker, you must know there are a couple types of agencies and how they function. Norfolk agents are either exclusive agents or independent agents.

Exclusive Agents

These agents work for only one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot provide other company's prices so always compare other rates. Exclusive agencies are usually well trained on sales techniques which helps them sell on service rather than price.

Shown below is a short list of exclusive agents in Norfolk who may provide you with comparison quotes.

5907 W Norfolk Rd Suite 102 - Portsmouth, VA 23703 - (757) 483-2444 - View Map

765 W Little Creek Rd b - Norfolk, VA 23505 - (757) 587-1307 - View Map

501 E Brambleton Ave - Norfolk, VA 23510 - (757) 623-2755 - View Map

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Independent Insurance Agents

Agents that choose to be independent do not have single company limitations so they have the ability to put coverage through many companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your policy is moved internally and you won't have to switch agencies. When comparing rates, we recommend you contact several independent insurance agents to maximize your price options.

The following are Norfolk independent insurance agents that are able to give comparison quotes.

249 E Little Creek Rd - Norfolk, VA 23505 - (757) 583-1828 - View Map

7925 Halprin Dr - Norfolk, VA 23518 - (757) 583-2100 - View Map

2604 Cromwell Dr - Norfolk, VA 23509 - (757) 855-8888 - View Map

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Insurance losses by coverage

Which vehicles rank well for chances of having claims? The following statistics show the worst and best cars and trucks for the probability of having to file claims for each type of coverage.

Lowest and Highest Auto Insurance Liability Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Acura MDX Hyndai Accent
Subaru Forester Chevrolet Sonic
Mercedes-Benz SL Class Kia Optima
Chevrolet Corvette Mitsubishi Mirage
Fiat 500 Chrysler 200
Volvo XC60 Chevrolet Cruze

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Insurance Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Ford F-150 SuperCrew Bentley Continental Flying Spur
Smart ForTwo Audi RS7
GMC Canyon Ferrari 458
Jeep Wrangler BMW 6 Series
Ford F-250 SuperCab Bently Continental GT
Mini Cooper BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Comprehensive Insurance Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Ford F-350 Audi S7
Smart ForTwo Porsche Panamera GTS
GMC Sierra 2500 BMW M6
Chevy Spark Mercedes-Benz S Class
Nissan Leaf Maserati Granturismo
Chevy Silverado 2500 Bentley Continental GTC

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Medical Payment Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Chevrolet Corvette Chevrolet Sonic
Ford F-250 SuperCrew Dodge Charger
Chevrolet Silverado 3500 Mitsubishi Lancer
Ford Expedition Chrysler 200
Chevrolet Silverado 2500 Chevrolet Spark
Land Rover Range Rover Sport Mitsubishi Mirage

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance coverage options

Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages found on the average car insurance policy.

Liability coverages

Liability insurance can cover damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/20 which means $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $20,000 for damage to vehicles and property.

Liability coverage protects against things like court costs, loss of income and repair bills for other people's vehicles. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible. Virginia requires drivers to carry at least 25/50/20 but it's recommended drivers buy more coverage.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle's occupants as well as damage to your vehicle.

Due to the fact that many Virginia drivers only purchase the least amount of liability that is required (25/50/20), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Collision coverage protection

Collision coverage pays for damage to your vehicle from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like colliding with a tree, sideswiping another vehicle, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive coverage

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, hail damage and vandalism. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage pay for expenses like rehabilitation expenses, hospital visits, EMT expenses, prosthetic devices and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Compare but don't skimp

You just read a lot of ways to shop for auto insurance online. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even discover the best prices are with a small local company. Regional companies may only write in your state and offer lower rates than their larger competitors like Allstate, GEICO and Progressive.

Cheaper auto insurance in Norfolk can be sourced both online as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some auto insurance companies may not provide price quotes online and usually these small insurance companies prefer to sell through independent insurance agents.

More detailed auto insurance information can be found at these sites: