Cheap Car Insurance in Salem, Virginia (With 2024 Rates)

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Home » Car insurance » Virginia » Cheap Car Insurance Salem

Lowest Premium

$339 / YEAR

Average Premium

$406 / YEAR

Highest Premium

$525 / YEAR

50/100/50 (minimum liability) ⓘ How the premiums are calculated

The average annual premium in Salem is around $406 and can go upto $525. This is for a 30 year old female buying 50/100/50 coverage which is considered as the minimum liability.

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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Car Insurance Rates in Salem by ZIP codes

The table below lists the average insurance rates for 50/100/50 (minimum liability) accross the zip codes in Salem. We have omitted the zip codes that has same insurance rates. If your zip code is not listed in the table, please refer to the zip code near to you since the insurance rates will be same as of the neighbouring zip code.

ZipAvg. Premium
24153$406
24155$434

Insurance Agents in Salem, VA and Near by

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    Hettie Barnes
    15 S College Ave, Salem, VA 24153
    (540) 389-3200
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    Humphrey Stump & Haynie Insurance
    100 E Main St, Salem, VA 24153
    (540) 389-2327
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    Craighead-Zimmerman & Associates
    27 E Clay St, Salem, VA 24153
    (540) 389-1203
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    Roger Rakes
    41 W Main St, Salem, VA 24153
    (540) 387-3121
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    Darrell Holland
    205 W Main St, Salem, VA 24153
    (540) 389-1220
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    Larry Wills & Associates Company
    158 W 4th St, Salem, VA 24153
    (540) 389-8500
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    Stamus Insurance Agency
    1014 E Main St, Salem, VA 24153
    (540) 387-0770
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    Don Bishop
    917 S Colorado St, Salem, VA 24153
    (540) 389-7255
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    Tyler Gallimore
    1203 Texas St, Salem, VA 24153
    (540) 765-2801
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    Bill Richards
    411 Apperson Dr, Salem, VA 24153
    (540) 387-2527
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    Chris Huff
    415 Apperson Dr, Salem, VA 24153
    (540) 389-0294
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    Ryan G Harris
    603 Apperson Dr, Salem, VA 24153
    (540) 375-9078
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    Josh Morris
    1451 W Main St, Salem, VA 24153
    (540) 404-3694
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    Jason Hamby
    221 Electric Rd, Salem, VA 24153
    (540) 375-2757
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    TrustPoint Insurance
    1109 Electric Rd, Salem, VA 24153
    (866) 276-9622
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    Agee & Associates
    1621 E Main St, Salem, VA 24153
    (540) 387-0281
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    Burgess Demarco & Flick
    730 Apperson Dr, Salem, VA 24153
    (540) 375-3231
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    Richard Patterson
    1540 Apperson Dr Ste A, Salem, VA 24153
    (540) 389-1533
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    Erie Insurance - Williamson Insurance Agency
    1895 Woodmere Ct, Salem, VA 24153
    (540) 387-3743
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    Erie Insurance - Phipps Insurance Services
    2243 W Main St, Salem, VA 24153
    (540) 387-9148
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    Timmermann Insurance Service
    2035 Cook Dr, Salem, VA 24153
    (540) 774-5918
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Learn More About Car Insurance in Salem, 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.