The average cost of car insurance in Vancouver is $516 per year for minimum liability, while the average full coverage policy costs $1,211 per year. This is significantly cheaper than the national average cost of car insurance, which runs $1,674 per year for full coverage and $565 a year for minimum coverage. Finding affordable car insurance is often a priority for drivers, even if in an area with lower-than-average annual premiums.
To find the best cheap car insurance companies in Vancouver, Bankrate evaluated providers on several key factors. Our team analyzed factors like coverage options, pricing, discounts and third-party ratings, like AM Best and J.D. Power. Based on these indicators, the best cheap car insurance providers in Vancouver for 2021 include USAA ,PEMCO, Geico, and State Farm.
Best car insurance companies in Vancouver
Among the best car insurance companies in Vancouver, USAA has the strongest customer service score from J.D. Power, although it is technically considered rank-ineligible. State Farm holds the highest official rank for customer service among these providers, but PEMCO and Geico have cheaper average annual premiums, in comparison. Depending on your situation, quotes from these providers will vary more or less from the averages in the chart below.
|Insurance company||J.D. Power score||Average annual premium for minimum coverage||Average annual premium for full coverage|
*Not officially ranked by J.D. Power due to eligibility restrictions
USAA holds the cheapest rates in the North Central region, but it is technically considered rank-ineligible because membership is limited to active members of the military and veterans, as well as their families. Those who do qualify have access to USAA’s military-specific savings programs, such as discounts when you store your car on-base or are deployed. To round out your policy, USAA offers optional roadside assistance, rental reimbursement, and personal injury protection (PIP) for expanded protection.
Learn more: USAA Insurance Review
PEMCO not only receives impressive scores for customer satisfaction from J.D. Power, but it also offers competitive rates for multi-faceted coverage that includes many protections not typically seen from other providers. You can choose from custom parts and equipment coverage, towing and labor coverage, key coverage, and even coverage for your auto loan. PEMCO also offers accidental death coverage up to $10,000 ,and insurance for your pets with up to $1,000 in coverage. If you drive for a ridesharing company like Uber or Lyft, rideshare coverage is offered for that, as well. It’s worth noting 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 empower you to take control of your policy. Geico offers optional PIP coverage, in addition to available emergency roadside assistance, rental reimbursement and mechanical breakdown insurance. Vehicle discounts like safety-related savings and safe driver discounts may help make Geico’s already-competitive rates even more affordable. Be sure to check for driver affiliation discounts, such as savings for certain employees and members of specific groups.
Learn more: Geico Insurance Review
State Farm is the highest-ranked provider in the North Central region for customer satisfaction, which is not surprising given the company has more than 19,000 agents available nationwide. With State Farm, you can round out your policy with optional rideshare insurance and rental insurance. You may also see lower rates by leveraging available state farm discounts. State Farm has two specific discounts to help you save; its signature Drive Safe & Save and Steer Clear discounts.
Learn more: State Farm Insurance Review
Cheapest car insurance in Vancouver
Car insurance in Vancouver is a little more expensive than it is in the rest of the state. While the average full coverage policy costs $1,211 in Vancouver, the average cost of full coverage car insurance in Washington is $1,176 per year. In both cases, car insurance here is much cheaper than the average cost of car insurance in the U.S., which costs $1,674 per year, based on quoted annual premiums from Quadrant Information Services.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
The cheapest carriers in Vancouver are very similar to the best carriers for cheap car insurance. In looking strictly at the largest carriers by market share, there are some similarities with USAA, Geico, and State Farm all placing on the list. However, Progressive and Travelers join the list for the cheapest car insurance in Vancouver, based on the competitive rates for minimum coverage and full coverage. In addition to affordable pricing, these providers also offer excellent options for coverage and discounts with high ratings from third-party providers like J.D. Power and AM Best.
Vancouver insurance requirements
According to Washington state laws, drivers in Vancouver must carry a minimum amount of auto insurance before they can legally drive. The minimum auto insurance required for Vancouver drivers includes:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $10,000 property damage liability per accident
In addition, underinsured motorist coverage and PIP must be offered but can be declined in writing. For drivers who prefer to self-insure, certificates of deposit or liability bonds can be used to satisfy the financial responsibility law.
To operate a vehicle, you must carry the minimum auto insurance or demonstrate financial responsibility. However, if you lease or finance a vehicle, you may be required to carry additional coverage.
Either way, it is typically recommended to consider more than just minimum liability. If you ever experience a significant loss, your insurance coverage can help protect you from losses you cannot afford, preventing the risk of financial devastation.
Car insurance discounts in Vancouver
There are many types of discounts available for drivers in Vancouver. Some of the best car insurance discounts available for your Vancouver car insurance policy include:
- Driver: You could earn a special discount just based on the type of driver you are. Many companies offer special savings for teen drivers, college students and seniors.
- Safety: Many providers offer discounts for safety 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 earn significant savings off your policy.
- Group: You could earn discounts based on things like your employer, membership to certain groups, or military affiliation.
Being a safe driver can net you multiple discounts with certain providers. Popular discounts include those for being claims-free 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 car insurance company?
The best car insurance company depends on your personal needs for your auto insurance. Every driver is different, and some insurance providers may offer coverage that is better suited to you than others. Bankrate’s best car insurance companies for 2021 are an excellent place to start, given their many coverage options, discounts and high third-party ratings.
How much does car insurance in Vancouver cost?
The average cost of car 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, the make and model of your car, your credit score and driver history.
How much car insurance do I need in Vancouver?
If you want to drive in Vancouver, you must carry auto insurance that includes a minimum of $25,000 of bodily injury or death per person per accident, $50,000 of bodily injury or death per accident, and $10,000 of injury to or destruction of property of others per accident. Alternative means of satisfying financial responsibility are available, but may leave you at-risk of financial loss in the event of a costly accident.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.