Minimum coverage requirement in Virginia - By law, the state requires a minimum of 25/50/20 for auto insurance as explained below:
- $25,000 coverage for all types of bodily injury suffered by one individual in one accident
- Bodily injury suffered by two or more people is $50,000. The amount is the same for deaths of two or more people caused by one accident
- $20,000 for damage to the property of other people.
- $25,000/$50,000 for Uninsured/underinsured motorist bodily injury
- $20,000 for Uninsured/underinsured motorist property damage
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Car Insurance Companies in Virginia and Rates Offered
The cheapest car insurance rates in the state are provided by Geico Insurance followed by Allstate Insurance. But the major players are State Farm, Allstate, and Nationwide insurance in order.
Company | Annual premium (50/100/50) | Market share | Ranking |
---|---|---|---|
Geico | $368 | 1.5% ($189,664,981) | 88 |
Allstate | $371 | 2.58% ($326,945,631) | 87 |
State Farm | $380 | 6.26% ($793,791,726) | 90 |
Nationwide | $407 | 2.17% ($275,171,658) | 89 |
Progressive | $533 | 1.58% ($200,167,406) | 89 |
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Insurance Agents in Blacksburg, VA and Near by
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0 miCarper Insurance Associates210 Professional Park Dr SE Ste 14, Blacksburg, VA 24060(540) 953-2383View |
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0 miJason Hamby2001 S Main St Ste 101, Blacksburg, VA 24060(540) 953-2722View |
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0 miBrandon Semones1995 S Main St, Blacksburg, VA 24060(540) 961-2886View |
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0 miBrown Insurance100 Hubbard St Ste A, Blacksburg, VA 24060(540) 552-5331View |
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0 miBB&T Insurance Services902 Prices Fork Rd Ste 2000, Blacksburg, VA 24060(540) 808-1220View |
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0 miChristian Insurance Agency807 N Main St Ste A, Blacksburg, VA 24060(540) 951-0012View |
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0 miKent Bond807 N Main St, Blacksburg, VA 24060(540) 381-2663View |
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0 miCharles Tilson Jr111 Roanoke St E, Blacksburg, VA 24060(540) 552-0841View |
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0 miCharles Shomo205 Church St SE Ste B, Blacksburg, VA 24060(540) 552-1119View |
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0 miChristopher B. Bishop510 S Main St, Blacksburg, VA 24060(540) 443-3900View |
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0 miSIA Group907 S Main St, Blacksburg, VA 24060(540) 353-2446View |
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0 miChris Turman1500 N Main St, Blacksburg, VA 24060(540) 953-2300View |
Learn More About Car Insurance in Blacksburg, VA
Methodology
The insurance rates mentioned in this article is based on the average amount for a 30 year old female purchasing 50/100/50 ($50,000 for injury liability for one person, $100,000 for all injuries and $50,000 for property damage in an accident) liability car insurance coverage. The premium rate can be higher or lower than the rates specified depending on the type of coverage one may choose, deductibles applied and the discounts offered by insurance company.