Best cheap auto insurance in Vancouver for 2021
The average cost of auto insurance in Vancouver is $ 516 per year for minimum liability, while the average full coverage policy costs $ 1,211 per year. That’s significantly cheaper than the national average cost of auto insurance, which costs $ 1,674 per year for full coverage and $ 565 per year for minimum coverage. Finding affordable auto insurance is often a priority for drivers, even in an area where annual premiums are below average.
To find the best cheap auto insurance companies in Vancouver, Bankrate evaluated providers on several key factors. Our team analyzed factors such as coverage options, prices, discounts, and third-party ratings, such as AM Best and JD Power. Based on these metrics, the best cheap auto insurance providers in Vancouver for 2021 include USAA, PEMCO, Geico, and State Farm.
Best Auto Insurance Companies in Vancouver
Among the top auto insurance companies in Vancouver, USAA has the highest customer service score from JD Power, although it is technically considered ineligible. State Farm holds the highest official rank for customer service among these vendors, but PEMCO and Geico have cheaper average annual bonuses, by comparison. Depending on your situation, the ratings of these suppliers will vary more or less from the averages in the table below.
|Insurance company||JD Power Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|United States||884/1000 *||$ 319||$ 816|
|PEMCO||835/1000||$ 354||$ 960|
|Geico||821/1000||$ 432||$ 989|
|State farm||844/1000||$ 464||$ 1,011|
* Not officially ranked by JD Power due to eligibility restrictions
USAA holds the cheapest fares in the North Central region, but it is technically considered ineligible because membership is limited to serving members of the military and veterans, as well as their families. Those who qualify have access to USAA Army-specific savings programs, such as discounts when you store your car on base or are deployed. To complement your policy, the USAA offers optional roadside assistance, rental reimbursement, and personal injury protection (PIP) for extended protection.
Learn more: USAA Insurance Review
PEMCO not only receives impressive customer satisfaction scores from JD Power, but it also offers competitive pricing for multi-faceted coverage that includes many protections that are typically not offered by other vendors. You can choose from custom coverage for parts and equipment, coverage for towing and labor, coverage for keys, and even coverage for your car loan. PEMCO also offers accidental death coverage up to $ 10,000 and insurance for your pets up to $ 1,000 in coverage. If you’re driving for a rideshare company like Uber or Lyft, rideshare coverage is offered for that as well. It should be noted that PEMCO operates exclusively in Washington State and Oregon.
Learn more: PEMCO Insurance
Geico ranks slightly lower for customer satisfaction in the North Central region than its local counterparts, but it has fantastic mobile resources to help you take control of your politics. Geico offers optional PIP coverage, in addition to available emergency roadside assistance, rental reimbursement and mechanical breakdown insurance. Vehicle discounts, such as safety savings and safe driver discounts, can help make Geico’s already competitive rates even more affordable. Be sure to check out driver affiliate discounts, such as savings for certain employees and members of specific groups.
Learn more: Geico Insurance Review
State Farm is the top ranked supplier in the North Central region for customer satisfaction, which is not surprising given that the company has over 19,000 agents available nationwide. With State Farm, you can supplement your contract with carpooling insurance and optional rental insurance. You may also see lower rates by taking advantage of discounts available on state farms. State Farm offers two specific discounts to help you save; its iconic Drive Safe & Save and Steer Clear discounts.
Learn more: State Farm Insurance Review
Cheapest auto insurance in Vancouver
Auto insurance in Vancouver is a bit more expensive than in the rest of the state. While the average full coverage policy costs $ 1,211 in Vancouver, the average cost of full coverage auto insurance in Washington is $ 1,176 per year. Either way, auto insurance here is much cheaper than the average cost of auto insurance in the United States, which costs $ 1,674 per year, based on the annual premiums offered by Quadrant Information Services.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|United States||$ 319||$ 816|
|Progressive||$ 419||$ 1,012|
|Geico||$ 432||$ 989|
|State farm||$ 464||$ 1,011|
|Travelers||$ 479||$ 897|
The cheapest carriers in Vancouver are very similar to the best cheap auto insurance carriers. Strictly looking at the top carriers by market share, there are some similarities with USAA, Geico, and State Farm all placed on the list. However, Progressive and Travelers are joining the list of cheapest auto insurance in Vancouver, competitively priced for minimum coverage and full coverage. In addition to affordable rates, these providers also offer great coverage and discount options with high ratings from third-party providers like JD Power and AM Best.
Insurance Requirements in Vancouver
Under Washington state law, drivers in Vancouver must purchase a minimum amount of auto insurance before they can legally drive. The minimum auto insurance required for Vancouver drivers includes:
- $ 25,000 civil liability for bodily injury per person
- Civil liability of $ 50,000 per accident
- Civil liability for property damage of $ 10,000 per accident
In addition, underinsured motorist coverage and PIP must be offered but may be refused in writing. For drivers who prefer to self-insure, certificates of deposit or liability bonds can be used to comply with financial liability law.
To drive a vehicle, you must purchase minimum auto insurance or demonstrate financial responsibility. However, if you are leasing or financing a vehicle, you may need to purchase additional coverage.
Regardless, it is generally recommended that you consider more than just minimal liability. If you ever suffer a significant loss, your insurance coverage can help protect you against losses you cannot afford, avoiding the risk of financial devastation.
Auto insurance discounts in Vancouver
There are many types of discounts available for drivers in Vancouver. Some of the best auto insurance discounts available for your Vancouver auto insurance policy include:
- Driver: You can benefit from a special discount only depending on the type of driver you are. Many companies offer special discounts for teen drivers, students and the elderly.
- Security: Many vendors offer discounts on security features, including anti-theft systems and anti-lock brakes.
- Payment: When you renew your quote in advance or sign up for paperless statements, you could see significant savings on your policy.
- Group: You can get discounts based on factors such as your employer, membership in certain groups, or military affiliation.
Being a safe driver can earn you several discounts from some suppliers. Popular discounts include those for being lossless and accident-free. You can also save money with some providers when you successfully complete a defensive driving course.
Frequently Asked Questions
What is the best auto insurance company?
The best auto insurance company depends on your personal needs for your auto insurance. Every driver is different and some insurers may offer coverage that is better for you than others. Bankrate’s Best Auto Insurance Companies for 2021 are a great place to start, given their many coverage options, discounts, and high third-party ratings.
How much does auto insurance cost in Vancouver?
The average cost of auto insurance in Vancouver is $ 516 per year for minimum liability and $ 1,211 per year for full coverage. However, auto insurance is calculated based on several rate factors, including where you live, your car make and model, your credit score, and your driving history.
How much auto insurance do I need in Vancouver?
If you want to drive in Vancouver, you need to purchase auto insurance that includes a minimum of $ 25,000 in personal injury or death per accident, $ 50,000 in personal injury or accidental death, and $ 10,000. injury or destruction of property of others by accident. Other means of satisfying financial liability are available, but may put you at risk of financial loss in the event of a costly accident.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.