The Cost of Insuring Your Car in Alexandria, VA, is $1,057

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The average cost of auto insurance in Alexandria, VA, according to Zimlon, is $1,057. This is much higher than the average cost of auto insurance in neighboring places such as Belle Haven, Lincolnia, Rose Hill, and Huntington. Residents of Alexandria can improve savings by comparing multiple auto insurance quotes. Auto insurance depends on numerous factors ranging from the make and model of the vehicle to the driver’s age.

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Insurance Requirements in Virginia:

  • Bodily Injury: $25,000 per person and $50,000 per accident

  • Property Damage: $20,000 per accident

  • Uninsured Motorist Bodily Injury: $25,000 per person and $50,000 per accident

Demographics:

The cost of auto insurance depends on the age and gender of the driver. Women are generally considered to be safe drivers, making auto insurance cheaper for them. As the above infographic indicates, auto insurance is most affordable for drivers who are in their fifties and sixties ($932 and $945). Auto insurance is expensive for teenagers since they lack driving experience. The average cost of auto insurance for teenagers in Alexandria is $3,430.

Deductible:

Deductibles are one of the most common factors affecting the rate of auto insurance in the country, and Alexandria is no different. A higher deductible leads to a decrease in the cost of auto insurance, while a low deductible can lead to an increase. The average cost of auto insurance for a low deductible ($500) is $1,961. This goes down to $1,656 when the deductible is higher ($1,000).

Neighborhood:

The neighborhood one lives in Alexandria can also have an impact on the cost of auto insurance. Zimlon offers the option of keying in one’s zip code to get accurate auto insurance quotes from multiple auto insurance companies. Depending on several factors such as the make and model of the vehicle and the rate of auto thefts in the neighborhood, the price can vary within the city 

Driving Record:

The driving record of car owners also has a direct impact on the cost of auto insurance. Getting charged for offenses such as DUI and driving without a proper license can have a long-term impact on Alexandria’s cost of auto insurance. Post-DUI, the average cost of auto insurance increases to $1,725. Driving without a proper license can increase the average cost of auto insurance by $712.

Credit Score:

A healthy credit score will also determine the cost of one’s auto insurance. Possessing a good credit score will reduce the cost of auto insurance for the car owner. The average cost of auto insurance when the credit score is “exceptional”, can be as low as $907, while it can shoot up to $1,724 if the credit score is “poor”.