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

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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 Franklin, VA and Near by

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    Patrick Ferguson's Insurance Agency
    128 Verna St, Franklin, VA 23851
    (757) 562-7729
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    Mills Hunter March
    302 N Main St, Franklin, VA 23851
    (757) 562-3419
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    Manry-Rawls
    301 N Main St, Franklin, VA 23851
    (757) 562-6131
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    Irving Rose
    114 W 2nd Ave, Franklin, VA 23851
    (757) 562-4669
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    Bryan Fenters
    204 Stewart Dr, Franklin, VA 23851
    (757) 562-5551
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    Abby Insurance
    1100 Armory Dr Ste 108, Franklin, VA 23851
    (757) 562-5700
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    Patty Rhodes
    1200 Armory Dr Ste B, Franklin, VA 23851
    (757) 562-2020
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    AJ Southern Insurance Agency
    1457 Armory Dr, Franklin, VA 23851
    (757) 517-3240
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Learn More About Car Insurance in Franklin, 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.