What is the average cost of car insurance in Richmond?
Car insurance costs an average of $2,091 per year in Richmond. That's more than the average across California ($1,868) and more expensive than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status, and other common factors in Richmond.
CAR INSURANCE: RICHMOND RATES VS. STATE + NATIONAL AVERAGES
|Richmond Average (annual)||California Average||U.S. Average|
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Richmond car insurance rates by insurer
One of the most important determinants of your car insurance rates is the insurance company you work with. In Richmond, GEICO offers the cheapest premiums for the typical insurance buyer. Reference below the top options for affordable insurance in Richmond. Don't forget to get car insurance quotes based on your unique driving profile.
RICHMOND CAR INSURANCE RATES BY COMPANY
|Company||Average Yearly Rate|
Richmond car insurance premiums by age
The best age for car insurance rates as a driver in Richmond is your age_60s: drivers in this age group pay an average of $1,872per year. Rates for Richmond drivers in their age_50s are also relatively affordable, at just $1,878 per year.
Teen drivers pay Richmond's most expensive auto insurance rates. When drivers hit their 20s in Richmond and move out of the teenage age bracket, they reduce their premiums substantially. The gap in cost between the car insurance premiums paid by teenage drivers and drivers in their 20s in Richmond is $4,607. That's the biggest gap in premiums between any pair of age brackets.
RICHMOND CAR INSURANCE RATES BY DRIVER AGE
|Age group||Average Annual Rate|
Richmond auto insurance costs by marital status and gender
Marital status and gender can be contributors to car insurance rates, in some cases. In most locations in the US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Richmond pay $83 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. In Richmond, insurance rates for those who are widowed are less expensive than rates for those who are single.
Gender is another factor that can influence auto insurance rates. In Richmond, female drivers pay $3 per year more than do male drivers.
RICHMOND CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Gender/Marital Status||Average Yearly Rate|
Richmond car insurance costs by driving history
No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Two of the most costly citations to receive are DUI and reckless driving. Richmond drivers found guilty of reckless driving face insurance rate increases of $3,511 per year, compared to the citywide average. A DUI violation may lead to a $3,384 increase, while a citation for speeding leads to an $860 rate hike.
AVERAGE RICHMOND INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident/Violation||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$2,101|
|At-fault Accident (damages greater than $2,000)||$3,691|
|Speeding Ticket (16-20 mph over speed limit)||$2,951|
Richmond car insurance costs by credit level
One of the byproducts of a good credit score is lower car insurance costs. Drivers who keep their credit score up typically pay less for auto insurance than do drivers with less-than-stellar credit histories. Richmond drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 0% on their auto insurance premiums. Moving from "Very Poor" to "Fair" credit is an important step toward saving money on auto insurance. In Richmond, improving your credit to "Fair" could help you earn a $0 decrease in annual car insurance rates.
RICHMOND CAR INSURANCE RATES BY CREDIT LEVEL
|Credit Tier||Average Annual Rate|