I really doubt anyone enjoys paying for auto insurance, especially when they are aware that they could find lower prices if they just compared rates.
Amazingly, a recent NerdWallet.com study showed that a large majority of consumers kept buying from the same company for over three years, and just short of a majority have never quoted rates to find cheap coverage. The average driver in Fredericksburg could save 45% every year just by getting comparison quotes, but they just feel it's too hard to compare rates online.
Online insurance companies like Allstate, Liberty Mutual and State Farm increase brand awareness with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.
It's a good habit to price shop coverage yearly since insurance prices are rarely the same from one policy term to another. If you had the lowest price on auto insurance six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because we're going to show you the quickest way to lower your annual insurance bill.
The method we recommend to compare rates is to know the trick car insurance companies participate in online systems to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details like driver details, which vehicles you own, how your vehicles are used, and an estimate of your credit level. The data is instantly sent to many of the top insurers and you get price estimates quickly.
To start a rate quote now, click here and enter your zip code.
The companies shown below can provide free rate quotes in Fredericksburg, VA. If more than one company is shown, we recommend you visit two to three different companies to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LTZ||$1,078||$539||$90|
|Chevrolet Silverado LS Regular Cab 4WD||$710||$355||$59|
|Dodge Ram Crew Cab Laramie 4WD||$872||$436||$73|
|Ford Escape Limited 2WD||$588||$294||$49|
|Ford F-150 FX2 Super Cab 2WD||$648||$324||$54|
|Ford Focus SEL 4-Dr Sedan||$700||$350||$58|
|Honda Accord EX 4-Dr Sedan||$684||$342||$57|
|Honda CR-V EX 2WD||$768||$384||$64|
|Honda Civic EX-L 2-Dr Coupe||$1,090||$545||$91|
|Jeep Grand Cherokee Laredo 2WD||$668||$334||$56|
|Mazda 3 S Sport 4-Dr Sedan||$996||$498||$83|
|Nissan Altima 3.5 SR 2-Dr Coupe||$820||$410||$68|
|Nissan Rogue S 2WD||$804||$402||$67|
|Toyota Camry Hybrid||$792||$396||$66|
|Toyota Corolla XLE||$970||$485||$81|
|Toyota Tacoma X-Runner 2WD||$848||$424||$71|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in vehicle location which can impact coverage prices substantially.
Male drivers versus female drivers
The chart below illustrates the comparison of auto insurance rates for male and female drivers in Fredericksburg. The premium estimates are based on no claims or driving violations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in on a Chevrolet Tahoe LS.
Chevrolet Tahoe rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Analysis of deductible levels
The information below shows how choosing a deductible and can impact Nissan Altima insurance costs for different age groups. The prices are based on a single male driver, full coverage, and no additional discounts are factored in.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Insurance is not optional but you don't have to overpay
Even though rates can get expensive, insurance may not be optional for several reasons.
First, most states have mandatory insurance requirements which means you are required to buy a specific level of liability in order to license the vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if you have a lien on your vehicle, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If the policy lapses, the bank may buy a policy for your vehicle at a much higher rate and force you to pay a much higher amount than you were paying before.
Third, insurance protects both your assets and your vehicle. Insurance will pay for medical expenses incurred in an accident. As part of your policy, liability insurance will also pay attorney fees if you cause an accident and are sued. If your vehicle gets damaged, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of insuring your car outweigh the cost, especially for larger claims. An average driver in America is overpaying more than $800 each year so shop around at every renewal to ensure rates are competitive.
Insurance discounts are available to get cheap rates
Some insurance providers don't always list every policy discount in an easy-to-find place, so we break down both the well known as well as the least known credits available to bring down your rates.
- Federal Employees - Having worked for a branch of the government can earn a discount up to 10% depending on your insurance provider.
- Professional Memberships - Being in qualifying employment or professional organizations is a simple method to lower premiums on your policy.
- Low Mileage - Keeping the miles down could qualify for lower premium rates on the low mileage vehicles.
- Senior Citizen Discount - If you're over the age of 55, you may receive reduced rates.
- Smart Student Discounts - A discount for being a good student can save 20 to 25%. Earning this discount can benefit you up to age 25.
- Waiver for an Accident - This one is not really a discount per se, but certain companies permit an accident before raising your premiums if you are claim-free before the accident.
A little disclaimer on discounts, many deductions do not apply to the entire policy premium. A few only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears it's possible to get free car insurance, it doesn't quite work that way. But any discount will help reduce the amount you pay for coverage.
To locate companies that can offer you the previously mentioned discounts in Fredericksburg, follow this link.
Learning about specific coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are the normal coverages found on the average auto insurance policy.
This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch, sideswiping another vehicle, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as surgery, prosthetic devices, dental work, ambulance fees and EMT expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Uninsured or underinsured coverage
This coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your vehicle.
Because many people carry very low liability coverage limits (Virginia limits are 25/50/20), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are set the same as your liability limits.
Auto liability insurance
This protects you from damages or injuries you inflict on a person or their property that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/20 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $20,000 paid for damaged property. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers things such as repair costs for stationary objects, medical expenses and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford. Virginia state minimum liability requirements are 25/50/20 but you should consider buying higher limits.
This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like rock chips in glass, theft, hitting a deer, falling objects and fire damage. The most you'll receive from a claim is the cash value of the vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Do the work, save more money
Some companies don't offer the ability to get a quote online and most of the time these regional carriers only sell through independent agents. Affordable car insurance in Fredericksburg is definitely available online and with local Fredericksburg insurance agents, and you should compare rates from both to get a complete price analysis.
When buying insurance coverage, don't be tempted to skimp on coverage in order to save money. Too many times, consumers will sacrifice full coverage and found out when filing a claim that it was a big error on their part. Your aim should be to get the best coverage possible at the best price and still be able to protect your assets.
We covered quite a bit of information on how to shop for car insurance online. The most important thing to understand is the more times you quote, the higher your chance of finding the cheapest Fredericksburg auto insurance quotes. Consumers could even find that the lowest rates are with some of the smallest insurance companies. Regional companies can often provide lower auto insurance rates in certain areas than their larger competitors like Progressive or GEICO.
For more information, link through to these articles:
- Bodily Injury Coverage (Liberty Mutual)
- What Car Insurance is Cheapest for Immigrants in Virginia? (FAQ)
- What is the Best Cheap Car Insurance in Richmond, Virginia? (FAQ)
- Who Has the Cheapest Virginia Auto Insurance for Drivers with Good Credit? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Side Impact Crash Tests (iihs.org)