As the economy continues to rebound, many Americans are still being frugal in their spending habits, while trying to reduce costs whenever possible. In addition to minimizing Virginia auto insurance rates, Old Dominion residents should explore fuel-efficient cars.

The Kelley Blue Book recently released its Book Market Report for March 2012, which establishes the worth and costs of used fuel-efficient vehicles. Hybrid cars registered the highest rising values, while compact and subcompact also experienced minimal gains.

"The 2010 Toyota Prius led in gains, increasing in value $1,370 through the month of February," senior market analyst of Kelley Blue Book's automotive insights Alex Gutierrez explained in the report. "Dealers have been aggressively bidding on fuel-efficient vehicles at auction as consumer demand increases in response to rising gas prices."

Combining an eco-friendly automobile with the best Virginia auto insurance coverage can make a difference in residents' budgets. The Virginia State Corporation Commission's Bureau of Insurance recommends telling insurance agents if you have not had an accident or drive less than 7,500 miles per year, as these factors can reduce premiums