How Much Does Car Insurance Cost in Richmond?
On average, premiums in Richmond are 11% higher than the state average. We've analyzed how auto insurance rates in Richmond compare to premiums nationwide.
CAR INSURANCE COSTS: RICHMOND VS. STATE/US MEAN
|City Average||State Average||National Average|
Richmond Car Insurance by Accident or Violation History
Do you know how much an accident or violation on your record can cost you in terms of premiums? Reckless driving will increase your car insurance premiums more than other driving violations. $438 is the additional cost per year for drivers with a DUI in Richmond, compared to the city average of $998. Reckless driving will also push your rates up, with typical rates of $1,759. That is 76% higher than the city average! In Richmond, individuals who are found at-fault in an accident spend 51% more than the city average on car insurance each year.
AVERAGE RICHMOND INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident/Violation||Average Annual Premium|
|At-fault Accident (damages less than $1,000)||$1,510|
|At-fault Accident (damages greater than $2,000)||$1,510|
|Speeding Ticket (16-20 mph over speed limit)||$1,184|
Richmond Car Insurance by Credit Rating
Individuals with Very Poor credit (300-579) pay an average of $881 more every year on premiums than those with Exceptional credit (800-850). Drivers can save close to 18% per year when they improve their credit tier from Very Poor (300-579) to Fair (580-669).
RICHMOND AUTO INSURANCE COSTS BY CREDIT TIER
|Credit||Average Auto Insurance Rate|
Richmond Auto Insurance Premiums by Age Bracket
Car insurance premiums are highest for teenage drivers, with typical rates of $3,762 per year. The largest drop in premiums for Richmond drivers happens when they reach their 20s. Once out of the teenage age bracket, individuals save an average of $2,362. While rates for drivers in Richmond will continue to shrink through their 50s, they should expect an increase when they turn 60. When looking across all age groups, drivers in their 50s tend to have the lowest payments. Their rates usually average $861 per year. People in their 60s ($902) also have relatively low premiums.
RICHMOND AUTO INSURANCE PRICES BY AGE
Richmond Car Insurance by Marital Status and Gender
Various driver characteristics, including gender and marital status, can influence car insurance premiums in Richmond. However, premiums for men and women tend to only differ somewhat, with men paying less. In your city, marital status actually has a substantial impact on premiums. Being single can cost you roughly 10% more per year compared to being married. Rates for those who are widowed are also much cheaper than rates for those who are single.
RICHMOND CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
What drives up car insurance rates in Richmond?
Where you live in Richmond affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Richmond is no exception to the rule. From zip code 23226 to 94801, premiums rise by 88 percent—that’s $833.
Expensive Richmond Zip Codes: 94805, 94850, 94804, 94806, 94801
Cheap Richmond Zip Codes: 23226, 23221, 23230, 23236, 23173
Richmond Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Richmond, you can expect 114 rainy days with an annual rainfall of 43.6 inches. Richmond is also known to experience thunderstorms and occasional hurricanes. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Car Insurance Companies in Richmond
Find Local Richmond Agents
Garriques Lloyd & McMahon Ins Agcy
2309 Westwood Ave Richmond, VA 23230
Trice Holding Ltd / Ins Dr
117 E Cary St Richmond, VA 23219
The Andrew Agency
500 Libbie Ave Ste 1A Richmond, VA 23226
S S C Ins Agcy Inc
P O Box 26234 Richmond, VA 23260
Peyton Cheely & Woodle Inc
2114 Dabney Rd Richmond, VA 23230
BB&T Insurance Services
2108 W Laburnum Ave, Ste 310 Richmond, VA 23227
Mid Atlantic Insurance Services Inc
1912 E Broad St Richmond, VA 23223
Ins Doctors of Richmond Inc
1700 Willow Lawn Dr #103 Richmond, VA 23230
Wood Ins Agency Inc
5311 Patterson Ave Richmond, VA 23226
Rutherfoord, a Marsh & McLennan Agcy
1001 Haxall Point Ste 800 Richmond, VA 23219
Capital Ins & Bonding Svcs
105 E Cary St Richmond, VA 23219
Grimsley Life Ins
1001 N 20Th St Unitt D Richmond, VA 23223
Mallory Keck & Wilkerson Inc
2114 Dabney Rd #D Richmond, VA 23230
Straus, Itzkowitz & LeCompte Insurance, Inc.
5310 Markel Rd; Ste 203 Richmond, VA 23230
13 W Main St Richmond, VA 23220
Saunders & Benson, Inc.
4901 Cutshaw Ave Richmond, VA 23230
VA Automobile Dealers Assocs
P O Box 5407 Richmond, VA 23220
Westover-Bon Air Insurance, LLC
901 Moorefield Park Dr Ste 210 Richmond, VA 23236
Rhino Ins Agcy
2025 E Main St #114 Richmond, VA 23223
M A Y Financial LLC
3126 W Cary Sy #210 Richmond, VA 23221
Resort Hotel Association
2100 E Cary St #3 Richmond, VA 23223
Mark of Richmond, Inc. t/a The Monument Sports Group
1365 Overbrook Rd #1 Richmond, VA 23220
AAA Midatlantic Ins Agcy - Richmond
1601 Willow Lawn Dr #700 Richmond, VA 23230
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Richmond Car Insurance
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