Cheapest Non-Owner Car Insurance In Virginia 2024

For non-owner car insurance in Virginia, Auto-Owners’ $270 annual average rate makes it the most budget-friendly choice. It’s tailored for drivers borrowing or renting vehicles.

This type of insurance offers an affordable option for individuals looking to meet state requirements or keep continuous coverage even if they don’t own a vehicle.

Does Virginia Allow Non-Owner Car Insurance?

Virginia allows drivers without cars to obtain non-owner insurance, which provides liability coverage to meet state requirements for property damage and bodily injury.

Cheapest Overall Non-Owner Car Insurance In Virginia

Auto-Owners provides the best-priced non-owner car insurance in Virginia, with an average cost of $270 per year.

Cheapest Non-Owner Car Insurance With A Clean Driving Record

For Virginia drivers with clean records, the cheapest non-owner car insurance comes from Auto-Owners, with an average yearly premium of $270.

Cheapest Non-Owner SR-22 Car Insurance In Virginia

For non-owner SR-22 coverage in Virginia, Auto-Owners provides the best deal, with an average yearly cost of $358.

What Is Non-Owner Car Insurance?

Non-owner car insurance provides liability protection for drivers who don’t have a car of their own. It covers injuries and property damage caused to others in accidents.

It’s a good fit for people who frequently rent or borrow vehicles, though it doesn’t include personal injuries or the car itself.

Virginia Minimum Auto Insurance Requirements

Virginia requires drivers to have minimum liability insurance that includes $30,000 for bodily injury per person, $60,000 for injuries per accident, and $20,000 for property damage.

Additionally, uninsured motorist coverage of $30,000 per person and $60,000 per accident is also required.

What Is SR-22 Insurance?

The SR-22 is a certificate of financial responsibility, not car insurance, required for high-risk drivers. It proves the driver has the minimum liability coverage required by the state. After serious offenses like DUIs or reckless driving, an SR-22 is usually required and filed with the state by the insurance provider.

While the SR-22 itself isn’t insurance, it often leads to higher premiums due to the perceived increased risk. The SR-22 requirement typically lasts for about three years.

Average Cost Of Non-Owner Car Insurance In Virginia

If you frequently borrow or rent vehicles in Virginia, knowing the average cost of non-owner car insurance is key. This type of insurance offers liability coverage at a fraction of the cost of a full policy, making it an affordable option for non-owners.

Below, you’ll find a comparison of the average annual and monthly premiums from various auto insurance companies to help guide your decision.

Average Cost Of Non-Owner Car Insurance In Virginia – By Age

Age plays a major role in determining the cost of non-owner car insurance in Virginia. Younger drivers tend to pay higher premiums because they are seen as higher risk due to their lack of experience.

On the other hand, older drivers often pay lower premiums since they are viewed as more experienced and less likely to be involved in accidents. For example, a 20-year-old might pay around $486 per year, while a 50-year-old could pay closer to $284.

Below is a table comparing the rates by age.

Average Cost Of Non Owner Car Insurance In Virginia Cities

Your location in Virginia can impact how much you pay for non-owner car insurance. Insurance companies consider a variety of factors, including traffic patterns, crime levels, and local laws, when setting premiums.

Urban areas like Portsmouth tend to have higher rates due to the risks of heavy traffic and crime. In contrast, smaller towns often offer more affordable rates.

Below is a table comparing the average non-owner car insurance rates in five Virginia cities.

Average Rates Vs Traditional Car Insurance

Knowing the differences between non-owner and traditional car insurance is important for making informed financial choices. Non-owner car insurance is intended for people who drive but don’t own a car.

It provides liability protection for bodily injuries and property damage to others, which is usually more affordable than traditional car insurance. Traditional car insurance, however, includes protection for the vehicle itself, like comprehensive and collision coverage, leading to higher premiums.

Below is a comparison of rates from five companies for both types of coverage.

Should You Get Non-Owner Car Insurance In Virginia?

Non-owner car insurance is an ideal option for those who don’t own a car but still require liability protection. Here’s who should consider it:

• Renters: Those who rent cars often can benefit from non-owner car insurance, which tends to be more affordable and provides better coverage than rental company insurance.
• Car Borrowers: If you occasionally borrow a vehicle, non-owner car insurance ensures you’re covered for liability in case you cause an accident while driving someone else’s car.
• License Reinstatement: Non-owner car insurance is often required if you’re reinstating your license after a suspension or revocation, such as due to a DUI. It demonstrates financial responsibility when paired with an SR-22.
• Infrequent Drivers: Non-owner car insurance is perfect for those who don’t drive regularly but want to maintain continuous coverage to avoid future rate increases.
• Drivers Between Cars: Non-owner insurance helps provide liability coverage when you’re between cars, ensuring you remain covered during a transition.

Average Non-Owner Car Insurance Rates vs Other US States