Some of the top auto insurance companies in the nation are reducing auto insurance rates in Virginia.
The reasons range from high gas prices to more sophisticated technology with which companies can calculate the risks of insuring particular drivers. The effect of tougher drunken driving laws are also driving down rates.
Whatever the reason, many motorists are paying less to insure their vehicle.
Last week, State Farm reduced its auto rates in Virginia by an average of 5 percent. State Farm is the largest insurer of personal automobiles in the country.
USAA, which insures 78,000 in Hampton Roads, will reduce rates for as much as 90 percent of customers who come up for renewal, according to a spokeswoman.
Virginia's lowering rates represent a nationwide trend, as auto insurers cut rates to combat steady declines in the frequency and severity of claims filed by policyholders.
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