Trying to find affordable auto insurance is difficult, and deciding which companies offer the cheapest insurance rates in Portsmouth takes even more diligence.
Every insurance provider has a different process to set premium rates, so first let's look at the rankings for the overall cheapest insurance companies in Virginia. It's important that readers know that Virginia insurance rates are impacted by many things that will increase or decrease the price you pay. This is why it is critical to perform a complete rate comparison to find affordable car insurance rates in Portsmouth. Auto insurance prices are influenced by many risk factors and change substantially, so the best company two years ago may now not even be in the top five.
Travelers generally has some of the lowest car insurance rates in Portsmouth at around $679 per year. USAA, Penn National, Cincinnati Insurance, and The Hartford also make the cut as some of the most economical Portsmouth, VA auto insurance companies.
As illustrated above, if you are a customer of Cincinnati Insurance and switched to USAA, you might achieve a yearly price reduction of about $68. Insureds with The Hartford could save as much as $82 a year, and Erie policyholders might realize rate reductions of up to $85 a year.
To see how much you can save, click here to get quotes or visit several of the following companies.
Bear in mind that those premiums are averaged across all drivers and vehicles in Virginia and and are not calculated with a specific location in Portsmouth. So the company that is best suited for you may not even be in the top 30 companies in the list above. That emphasizes why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
One of the more important criteria that are looked at to determine the cost of insurance is where you live in Portsmouth. Cities with larger populations or higher claim trends will most likely pay more, whereas areas with less congestion have the luxury of lower rates.
The following table rates the highest-priced places in Virginia to buy auto insurance in. Portsmouth comes in at #9 with an annual cost of $972 on average, which is around $81 each month.
|Rank||City||Average Per Year|
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Information shown are estimated as the specific area where the vehicle is garaged can decrease or increase auto insurance rates considerably.
The make and model of vehicle needing coverage is a large consideration when consumers are trying to find affordable insurance in Portsmouth. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models.
The next list illustrates auto insurance premiums for some of the most budget-friendly vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Odyssey LX||$1,317|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,344|
|Volkswagen Jetta 2.0T Station Wagon||$1,399|
|Honda CR-V EX 4WD||$1,404|
|Toyota RAV4 Limited 2WD||$1,419|
|Chevrolet Impala LT||$1,426|
|Chevrolet Malibu LT||$1,446|
|Honda Accord EX 4-Dr Sedan||$1,469|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,518|
|Ford Fusion SE 4-Dr Sedan||$1,528|
|Jeep Grand Cherokee Limited 2WD||$1,518|
|Chevrolet Equinox LTZ 2WD||$1,526|
|Toyota Tacoma 4WD||$1,541|
|Ford F-150 Lariat Crew Cab Platinum 4WD||$1,546|
|Ford Edge SEL AWD||$1,595|
|Hyundai Elantra SE Touring Station Wagon||$1,600|
|Ford Escape Limited 4WD||$1,595|
|Toyota Camry Hybrid||$1,620|
|Kia Optima EX||$1,629|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can affect auto insurance rates noticeably.
Looking at the numbers, you can figure that models like the Honda Odyssey, Toyota Prius, Jeep Wrangler, and Volkswagen Jetta are a few of the most affordable vehicles to insure for drivers in Portsmouth.
How to get discounts on Portsmouth auto insurance rates
Insurance providers that offer quotes in Portsmouth may also offer premium discounts that could lower prices by 35% or more if you meet certain criteria. A list of auto insurance companies and their possible discounts are included below.
- The Hartford may include discounts for anti-theft, driver training, air bag, defensive driver, vehicle fuel type, and good student.
- American Family offers discounts for accident-free, good student, bundled insurance, mySafetyValet, defensive driver, TimeAway discount, and multi-vehicle.
- Progressive has discounts for homeowner, online quote discount, online signing, multi-vehicle, and continuous coverage.
- Travelers includes discounts for driver training, good student, new car, continuous insurance, hybrid/electric vehicle, and IntelliDrive.
- Farmers Insurance has savings for good student, bundle discounts, teen driver, pay in full, homeowner, and alternative fuel.
- USAA discounts include vehicle storage, multi-policy, driver training, new vehicle, and loyalty savings.
- Liberty Mutual may have discounts that include newly married, new graduate, good student, hybrid vehicle, and new vehicle discount.
The chart below illustrates the comparison of premium costs with and without some available policy discounts. Data assumes a female driver, no violations or claims, Virginia state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple policy, homeowner, anti-theft, multiple vehicle, passive restraint, and safe-driver discounts applied. When taking advantage of discounts, theamount saved on auto insurance in Portsmouth is 28% or $287.
How to find low-cost car insurance in Portsmouth
It is possible to find better rates, and here are some money-saving suggestions that can help Virginia drivers find low-cost coverage.
- Increase the comprehensive and collision deductibles on your policy
- Avoid at-fault accidents and claims
- Don't waste money on full coverage for older vehicles
- Frequent claims may make car insurance unaffordable
- Speeding tickets and other violations increase rates
- Shop around for cheaper prices
The last idea is extraordinarily necessary, as was discussed in this article. Prices charged by car insurance companies can be modified anytime, so don't hesitate to buy a policy from a new company if a lower price can be found.
Loyalty to a specific company is fine, but we do not recommend it if your bullheadedness ends up costing you thousands of dollars over several years. If you have a few minutes, compare prices to find cheaper car insurance in Portsmouth.