Cheap Gap Insurance in Virginia (Find Savings With These 10 Companies in 2024)
Progressive, Auto-Owners, and Nationwide are the top picks for cheap gap insurance in Virginia. Progressive offers the most competitive rates, with coverage starting at $25/month. These leading companies provide affordable options and extensive coverage, making them the best choices for Virginia gap insurance.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
UPDATED: Sep 2, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 2, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
13,128 reviewsCompany Facts
Min. Coverage for Gap Insurance in Virginia
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
563 reviewsCompany Facts
Min. Coverage for Gap Insurance in Virginia
A.M. Best Rating
Complaint Level
Pros & Cons
563 reviews
3,019 reviewsCompany Facts
Min. Coverage for Gap Insurance in Virginia
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviews
The best providers of cheap gap insurance in Virginia are Progressive, Auto-Owners, and Nationwide. Progressive saves Virginia drivers the most money with low rates and competitive discounts.
These companies offer a perfect blend of affordability, extensive guaranteed auto protection (gap) insurance coverage options, and excellent customer service. Progressive, in particular, is highlighted for its competitive rates and robust discount programs.
Our Top 10 Company Picks: Cheap Gap Insurance in Virginia
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $25 A+ Competitive Rates Progressive
#2 $30 A++ Low Costs Auto-Owners
#3 $32 A+ Extensive Add-Ons Nationwide
#4 $35 B Local Agents State Farm
#5 $37 A+ Discounts Available Allstate
#6 $40 A Flexible Payments Liberty Mutual
#7 $42 A++ Military Focus USAA
#8 $46 A+ Senior Benefits The Hartford
#9 $50 A Customizable Options American Family
#10 $58 A++ Premium Service Chubb
Keep reading to find out why these providers are the top picks for cheap Virginia gap insurance. Find cheap gap insurance quotes now by entering your ZIP code above.
- Gap insurance in Virginia covers car value and loan balance differences
- Tailor your VA gap insurance to match your vehicle’s depreciation
- Progressive is the top pick for gap insurance in Virginia, from $25/month
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#1 – Progressive: Top Overall Pick
Pros
- Low Rates: Progressive offers some of the most competitive rates for gap insurance in Virginia, starting at $25 per month.
- Usage-Based Insurance (UBI) Discounts: Multiple discounts, including savings through the Snapshot UBI program, can lower your gap insurance costs in Virginia.
- Easy Management: Explore our Progressive auto insurance review for strong customer service and gap insurance reviews in Virginia.
Cons
- Rate Increases: Premiums for gap insurance in Virginia may increase significantly after an accident.
- Eligibility Limits: Not all vehicles qualify for the lowest gap insurance rates in Virginia.
#2 – Auto-Owners: Cheap Full Coverage With Gap
Pros
- Cheap Full Coverage: Virginia gap insurance costs are cheap with Auto-Owners, especially full coverage starting at $80/month.
- Cheap for Students: Young drivers enrolled in Virginia schools can earn up to 20% off gap insurance rates.
- Reliable Service: With an A++ A.M. Best rating and stellar claims service reviews, Auto-Owners gap insurance in Virginia is among the best.
Cons
- Limited Availability: If you ever leave Virginia, you might not find Auto-Owners gap insurance in many other states.
- Limited Mobile Access: Auto-Owners mobile and online tools aren’t as streamlined as larger gap insurance companies in Virginia.
#3 – Nationwide: Cheapest Coverage Add-Ons
Pros
- Extensive Add-On Options: Nationwide offers extensive gap insurance coverage in Virginia, including benefits like vanishing deductibles.
- Flexible Coverage: Provides a wide range of gap insurance coverage levels to fit different needs and budgets in Virginia.
- Safe Driving Discounts: View our Nationwide auto insurance review for discounts that lower Virginia gap insurance rates.
Cons
- Higher Premiums: Gap insurance premiums in Virginia can be higher for some driving records compared to other providers.
- Varied Customer Service: Virginia gap insurance reviews are average to poor, and many drivers report more positive experiences with other companies.
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#4 – State Farm: Best for Local Agents
Pros
- Personalized Service: Delve into our State Farm auto insurance review for local agents offering gap insurance in Virginia.
- Usage-Based Savings: The Drive Safe & Save program helps reduce gap insurance premiums in Virginia.
- Reliable Support: State Farm is known for dependable customer service and claims gap insurance handling in Virginia.
Cons
- Higher Costs: Gap insurance premiums in Virginia may be higher than those from online-only providers.
- Fewer Discounts: Limited gap insurance discount opportunities in Virginia with State Farm compared to other companies.
#5 – Allstate: Best Discounts Available
Pros
- Broad Discounts: Allstate offers a wide range of discounts that can lower your gap insurance premiums in Virginia.
- Customer Service: Allstate has a strong reputation for customer support and claims assistance, specifically for gap insurance in Virginia.
- Flexible Coverage: See our Allstate auto insurance review for gap insurance coverage options in Virginia.
Cons
- Higher Base Premiums: Gap insurance premiums in Virginia can be higher without stacking multiple discounts.
- Complex Discount Structure: Navigating and qualifying for discounts on gap insurance in Virginia can be more complex compared to other providers.
#6 – Liberty Mutual: Cheapest With Flexible Payments
Pros
- Flexible Payments: Liberty Mutual offers various payment plans for gap insurance in Virginia, making it easier to manage premiums.
- Customizable Coverage: Based on our Liberty Mutual auto insurance review, Virginia drivers can tailor gap insurance to their needs.
- Bundling Discounts: Multiple gap insurance discounts are available, including those for bundling with home or renters insurance in Virginia.
Cons
- Higher Premiums: Gap insurance rates in Virginia can be higher compared to some competitors.
- Customer Satisfaction: Mixed reviews on customer service and claims processing for gap insurance in Virginia.
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#7 – USAA: Cheapest for Military Members
Pros
- Military Discounts: Find special savings on gap insurance in Virginia for military families in our USAA auto insurance review.
- Exceptional Service: USAA has the highest customer satisfaction ratings, especially for claims handling on gap insurance in Virginia.
- Comprehensive Coverage: USAA offers robust gap insurance options in Virginia, often at lower rates for eligible members.
Cons
- Eligibility Restrictions: Gap insurance in Virginia is only available to military members, veterans, and their families, limiting access for others.
- Limited Local Presence: There are fewer offices in Virginia for in-person assistance with gap insurance.
#8 – The Hartford: Best Senior Benefits
Pros
- AARP Discounts: In our The Hartford auto insurance review, you’ll find AARP discounts on gap insurance in Virginia.
- Senior-Focused Service: The Hartford tailors services and benefits designed for senior drivers seeking gap insurance in Virginia.
- Reputable Service: The Hartford has a strong track record in customer service, especially for older adults needing gap insurance in Virginia.
Cons
- Age-Specific Benefits: Only seniors with AARP memberships can buy The Hartford gap insurance in Virginia.
- Higher Rates: The Hartford gap insurance premiums in Virginia can be higher compared to other companies.
#9 – American Family: Cheapest Customizable Options
Pros
- Customizable Policies: Shop for a wide range of gap insurance options that can be tailored to fit your specific needs in Virginia.
- Family Discounts: American Family offers discounts specifically aimed at families, including multi-policy savings on gap insurance in Virginia.
- Local Support: According to our American Family auto insurance review, local agents offer personalized gap insurance in Virginia.
Cons
- Premium Costs: Gap insurance premiums in Virginia may be higher without applying multiple discounts.
- Limited Availability: American Family isn’t as widely available as larger national insurers, so you might have to shop for gap insurance elsewhere if you leave Virginia.
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#10 – Chubb: Best for Premium Service
Pros
- Top-Tier Coverage: Discover our Chubb auto insurance review for premium gap insurance in Virginia with luxury benefits.
- High Claim Satisfaction: Chubb is known for excellent claims service, especially for high-value vehicles requiring gap insurance in Virginia.
- Comprehensive Policies: Chubb gap insurance coverage options in Virginia are ideal for those seeking maximum protection.
Cons
- Higher Costs: Chubb insurance rates for gap coverage in Virginia are typically higher, reflecting the luxury service.
- Limited Discounts: Chubb offers fewer discount opportunities for gap insurance in Virginia compared to other providers.
Balancing Virginia Gap Insurance Costs and Coverage
Minimum coverage options range from $25/month with Progressive, the cheapest gap insurance company in Virginia, to $58/month with Chubb.
Gap Insurance Monthly Rates in Virginia by Provider & Coverage Level
Insurance Company Minimum Coverage Full Coverage
Allstate $37 $95
American Family $50 $112
Auto-Owners $30 $80
Chubb $58 $117
Liberty Mutual $40 $100
Nationwide $32 $86
Progressive $25 $75
State Farm $35 $92
The Hartford $46 $108
USAA $42 $102
USAA, known for its military-focused services, offers a balanced approach with minimum coverage at $42 and full coverage at $102 per month.
In Virginia, gap insurance rates vary significantly based on coverage level and provider. Understanding full coverage auto insurance will help you make an informed choice. Consider your vehicle’s depreciation rate and loan terms to determine the appropriate level of gap coverage.
One of the easiest ways to save on gap coverage is to compare rates from cheap pay-as-you-go auto insurance companies in Virginia. For instance, Progressive offers a Snapshot telematics program that lowers rates based on safe driving habits, while Nationwide offers SmartMiles that sets rates based on monthly mileage.
Understanding how to compare auto insurance quotes will ensure you get the best value for your gap coverage in Virginia. Keep reading for more ways to save on Virginia auto insurance.
How to Get Affordable Gap Insurance in Virginia
Here are some more effective tips to follow when searching for cheap gap insurance in Virginia. By following these strategies, you can find affordable Virginia gap coverage that provides the protection you need while staying within your budget:
- Compare Multiple Providers: Always gather quotes from various insurance companies. This helps you identify the most competitive rates and comprehensive coverage options.
- Consider Telematics Programs: Some insurers, like Progressive Snapshot, offer cheap usage-based auto insurance that tracks and rewards safe driving habits.
- Evaluate Coverage Needs: Assess whether you need full coverage or if minimum coverage will suffice, based on your vehicle’s depreciation rate and loan terms.
- Maintain a Good Credit Score: Insurers often consider your credit score when calculating premiums. A higher score can lead to lower insurance costs.
- Leverage Discounts: Take advantage of discounts based on driving record, policy type, or your occupation. Many providers offer significant savings when you qualify for these incentives.
Explore available discounts below, like multi-policy, safe driver, and vehicle safety features, which can significantly reduce your gap insurance premiums in Virginia.
Nationwide offers big safe driver discounts of up to 40%, more than other insurers on this list. Allstate also offers competitive good driver and low-mileage discounts, especially when coupled with UBI discounts.
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Maximizing Savings With the Best Virginia Gap Insurance Companies
Companies like Progressive, Auto-Owners, and Nationwide offer cheap gap insurance in Virginia. Competitive rates with ample discounts set these providers apart and make it possible to secure comprehensive coverage while keeping costs low.
Progressive offers the best balance of affordability and comprehensive gap coverage in Virginia, making it a top choice for savvy drivers.Dani Best Licensed Insurance Producer
Understanding how to lower your auto insurance rates can help you maximize savings. To find the best auto insurance rates for gap coverage in Virginia, it’s crucial to compare quotes from multiple providers.
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— Flo from Progressive (@ItsFlo) June 24, 2024
Don’t forget to take advantage of discounts like safe driver, multi-policy, and vehicle safety features. Ready to find cheaper Virginia car insurance coverage? Enter your ZIP code below to begin.
Frequently Asked Questions
Does Virginia have gap insurance?
Yes, Virginia offers gap insurance through various auto insurance providers. Gap insurance is an optional coverage that you can purchase to cover the difference between your car’s actual cash value and the amount you owe on your auto loan or lease.
What is gap insurance in Virginia?
Gap coverage is a type of auto insurance that protects you if your car is totaled or stolen and you owe more on your loan or lease than the car’s current market value. It pays the difference between your car’s actual cash value and the remaining balance on your loan or lease.
How is Virginia gap coverage calculated?
Gap insurance is calculated based on the difference between your car’s actual cash value (ACV) and the remaining balance on your auto loan or lease. If your car is totaled or stolen, the gap insurance pays this difference, ensuring you don’t have to pay out of pocket for a car you no longer have.
What is the most Virginia gap insurance will pay?
The most gap insurance will pay is typically the entire difference between your car’s actual cash value and the remaining balance on your loan or lease. Some policies may have limits, so it’s important to review your policy details to understand the maximum payout.
Will gap insurance cover a blown engine?
Does auto insurance cover engine failure? No, gap insurance does not cover mechanical failures like a blown engine. Gap insurance only applies if your car is totaled or stolen and you owe more on the loan or lease than the car’s value. Mechanical issues would be covered under a separate warranty or mechanical breakdown insurance.
What is the minimum auto insurance coverage in Virginia?
Virginia minimum required car insurance includes $30,000 per person and $60,000 per accident for bodily injury liability and $20,000 for property damage liability. However, it’s often recommended to carry higher coverage to better protect yourself financially.
What is the cheapest full coverage insurance in Virginia?
The cheapest full-coverage insurance in Virginia varies by provider and personal factors, but companies like Progressive and Geico are often among the most affordable options. Shopping around and comparing quotes can help you find the best rates for your situation. Get started today by entering your ZIP code below into our free comparison tool.
How much is auto insurance in Virginia?
Car insurance costs in Virginia vary depending on factors like your driving history, vehicle type, coverage levels, and location. On average, drivers in Virginia can expect to pay around $83 to $125 per month for full coverage, but this can vary widely.
Is Virginia auto insurance expensive?
Insurance costs in Virginia are generally lower than the national average. However, your specific insurance rates depend on factors like your driving record, vehicle type, coverage levels, and location. Gap insurance typically adds a small amount to your overall monthly premium.
How long can you go without auto insurance in Virginia?
Driving without auto insurance is illegal in Virginia, but you have up to 30 days to provide proof of coverage before you face a penalty.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
