Would you like to buy more affordable auto insurance rates in Suffolk, VA? Shopping for discount quotes online might appear challenging for consumers new to buying insurance on the web. With so many options of companies in the marketplace, how can consumers have time to compare all the different companies and get cheaper auto insurance prices?

Shocking but true, the vast majority of consumers have remained with the same auto insurance company for at least the last four years, and nearly half have never compared auto insurance rates at all. Most drivers in Virginia could pocket roughly $500 a year by just comparing rate quotes, but they won't spend time to find lower-cost rates by getting comparison quotes.

Suffolk auto insurance discounts

Buying auto insurance is not cheap, but there may be some discounts that you may not even know about. A few discounts will be applied when you complete an application, but a few must be specially asked for in order for you to get them.Cheaper auto insurance with discounts

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce individual premiums such as comprehensive or collision. Even though the math looks like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.

Auto insurance companies that possibly offer some of the above discounts include:

If you need the cheapest Suffolk auto insurance quotes, ask each company which credits you are entitled to. Some credits may not apply in Suffolk. To find insurance companies that provide some of the discounts listed above in Suffolk, click here to view.

When shopping for insurance there are multiple ways of comparing rates from many available insurance companies in Virginia. The recommended way to find cheaper rates is to get quotes online. Keep in mind that getting more free quotes will improve the odds of getting more affordable rates.

The following companies provide price quotes in Suffolk, VA. If multiple companies are listed, it's highly recommended you get rate quotes from several of them to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Suffolk
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Extended Cab 2WD $870 $435 $73
Dodge Ram Crew Cab ST 2WD $948 $474 $79
Ford Escape XLT 4WD $620 $310 $52
Ford F-150 XL Crew Cab 4WD $874 $437 $73
Ford Focus SES 2-Dr Coupe $872 $436 $73
Honda Accord EX 2-Dr Coupe $872 $436 $73
Honda CR-V LX 4WD $654 $327 $55
Honda Civic LX 2-Dr Coupe $730 $365 $61
Honda Odyssey EX-L W/Navigation $702 $351 $59
Hyundai Elantra Blue 4-Dr Sedan $688 $344 $57
Mazda 3 S Sport 4-Dr Sedan $976 $488 $81
Nissan Altima 2.5 S 4-Dr Sedan $628 $314 $52
Toyota Camry LE $912 $456 $76
Toyota Corolla XRS $868 $434 $72
Toyota Prius $876 $438 $73
Toyota RAV4 4WD $1,004 $502 $84
Toyota Tacoma 2WD $664 $332 $55
Volkswagen Jetta 2.0T Station Wagon $1,138 $569 $95
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in garaging location in Suffolk which can alter price quotes considerably.

Analysis of deductible levels

When shopping for auto insurance, a common question is what deductibles to buy. The rates below may help to conceptualize the differences in price of buying low and high physical damage coverage deductibles. The first rate table uses a $100 deductible and the second data table uses a $1,000 deductible.

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

Ford Focus insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $192 $400 $258 $16 $78 $969 $81
Focus SE 4-Dr Sedan $192 $400 $258 $16 $78 $969 $81
Focus SEL 4-Dr Sedan $192 $472 $258 $16 $78 $1,041 $87
Focus SES 4-Dr Sedan $192 $472 $258 $16 $78 $1,041 $87
Focus SE 2-Dr Coupe $222 $472 $290 $18 $88 $1,115 $93
Focus SES 2-Dr Coupe $222 $472 $290 $18 $88 $1,115 $93
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Ford Focus insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $108 $210 $258 $16 $78 $670 $56
Focus SE 4-Dr Sedan $108 $210 $258 $16 $78 $670 $56
Focus SEL 4-Dr Sedan $108 $248 $258 $16 $78 $708 $59
Focus SES 4-Dr Sedan $108 $248 $258 $16 $78 $708 $59
Focus SE 2-Dr Coupe $122 $248 $290 $18 $88 $766 $64
Focus SES 2-Dr Coupe $122 $248 $290 $18 $88 $766 $64
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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 homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can revise prices considerably.

Based on the figures above, using a $100 deductible costs roughly $27 more each month or $324 a year than requesting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 33 months between claims, you would save more money if you elect the higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $87
Average monthly premium for $1,000 deductibles (subtract): - $60
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One thing to be aware of is that raising deductibles to save money results in a higher out-of-pocket expense when you have a physical damage claim. It will be required that you have some non-essential savings in order to pay the higher deductible.

Difference between full coverage and liability only rates

The diagram below examines Honda Accord auto insurance costs with full coverage compared to only the Virginia minimum liability coverage. The data assumes no driving violations, no at-fault accidents, $250 deductibles, single male driver, and no policy discounts are applied.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you buy full coverage or liability only?

There is no definitive rule for eliminating physical damage coverage, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.

For example, let's say your Honda Accord replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If it's costing you more than $300 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Male drivers versus female drivers

The example below compares auto insurance rates for male and female drivers in Suffolk. Data assumes no violations or accidents, comp and collision included, $100 deductibles, marital status is single, and no discounts are factored in on a Ford Fusion S.

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

Tailor your car insurance coverage to you

When quoting and comparing your policy, there really is not a perfect coverage plan. You are unique.Safe vehicles cost less to insure

For instance, these questions can help discover if your situation will benefit from professional help.

If it's difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Don't give up on cheap premiums

While you're price shopping online, do not buy less coverage just to save a little money. There have been many situations where an accident victim reduced physical damage coverage to discover at claim time that it was a big error on their part. The goal is to buy the best coverage you can find for the lowest cost, but don't skip important coverages to save money.

Cheaper car insurance in Suffolk is possible from both online companies as well as from independent agents in Suffolk, so you need to quote Suffolk auto insurance with both in order to have the best chance of saving money. Some insurance companies may not offer online quoting and usually these small insurance companies provide coverage only through independent agents.

In this article, we presented a lot of tips how to find cheaper coverage online. It's most important to understand that the more providers you compare, the better your comparison will be. You may even find the best price on car insurance is with some of the smallest insurance companies.

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