How Much Does Auto Insurance Cost in Richmond?


On average, Richmond premiums surpass Virginia's average by $91. Who doesn't like saving money? Check out some methods to save on auto insurance in Richmond.


CAR INSURANCE RATES: RICHMOND VS. NATIONAL/STATE MEAN
City AverageState AverageNational Average
$1,001$910$1,569


Richmond Car Insurance With Accidents or Violations


Accidents and violations can cost you in terms of car insurance rates. Many people treat speed limits with leniency, but did you know that a ticket for driving 16-20mph over the limit can cost you extra 19% per year in insurance premiums? When comparing premiums for drivers with at-fault accidents in Richmond, those with damages exceeding $2,000 pay $174 more than those with damages less than $1,000.


AVERAGE RICHMOND INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Incident/ViolationAverage Rate
DUI$1,669
Reckless Driving$1,347
At-fault Accident (damages less than $1,000)$1,354
At-fault Accident (damages greater than $2,000)$1,528
Speeding Ticket (16-20 mph over speed limit)$1,188


Richmond Auto Insurance Costs by Age Bracket

When drivers hit their 20s in Richmond, therefore moving out of the teenage age bracket, they pay $2,736 less in premiums. It is the biggest gap between any age group. While rates for drivers will continue to decrease through their 50s, they should expect to pay more when they hit 60. Teenage drivers have the largest premiums of any age group, with average car insurance payments of $3,599. At $862, drivers in their 50s have the smallest payments among any age group. Those in their 60s ($904) aren’t paying much more.


RICHMOND CAR INSURANCE COSTS BY AGE
AgeAverage Rate
Teenagers$3,599
20s$1,392
30s$980
40s$940
50s$862
60s$904
70s$1,082


Richmond Car Insurance by Gender and Marital Status


Car insurance premiums in Richmond differ based on driver characteristics such as gender and marital status. However, premiums for men are generally only a little cheaper than for women. Did you know that in your city marital status can actually change your premiums substantially? Being single, as opposed to married, can cost you approximately 11% more per year on car insurance. Rates for those who are widowed are also significantly cheaper than rates for those who are single.


RICHMOND CAR INSURANCE PREMIUMS BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Rate
Female$1,002
Male$1,001
Single$1,001
Married$901
Divorced$1,001
Widowed$902


Richmond Car Insurance by Credit Score


There is a difference of $986/year between car insurance premiums for those with Very Poor credit (300-579) and Exceptional credit (800-850). The biggest benefit of better credit occurs when upgrading from Very Poor (300-579) to Fair (580-669), by which drivers can save approximately $707 per year.


RICHMOND AUTO INSURANCE RATES BY CREDIT TIER
Credit ScoreAverage Car Insurance Rate
Very Poor$1,886
Fair$1,179
Good$1,001
Very Good$942
Exceptional$900


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.

114

Rainy Days a Year

44"

Avg. Annual Rainfall

10"

Avg. Annual Snowfall

Be Prepared For

Driving in Richmond

2
Major Highways
I-64 I-95 I-295
2
Public Transit
GRTC Bus
2
Toll Roads
SR 895 SR 76 SR 195

Find Local Richmond Agents

Westover-Bon Air Insurance, LLC

901 Moorefield Park Dr Ste 210 Richmond, VA 23236

Trice Holding Ltd / Ins Dr

117 E Cary St Richmond, VA 23219

Resort Hotel Association

2100 E Cary St #3 Richmond, VA 23223

Wood Ins Agency Inc

5311 Patterson Ave Richmond, VA 23226

Garriques Lloyd & McMahon Ins Agcy

2309 Westwood Ave Richmond, VA 23230

Mid Atlantic Insurance Services Inc

1912 E Broad St Richmond, VA 23223

Mallory Keck & Wilkerson Inc

2114 Dabney Rd #D Richmond, VA 23230

AAA Midatlantic Ins Agcy - Richmond

1601 Willow Lawn Dr #700 Richmond, VA 23230

Grimsley Life Ins

1001 N 20Th St Unitt D Richmond, VA 23223

Peyton Cheely & Woodle Inc

2114 Dabney Rd Richmond, VA 23230

Straus, Itzkowitz & LeCompte Insurance, Inc.

5310 Markel Rd; Ste 203 Richmond, VA 23230

BB&T Insurance Services

2108 W Laburnum Ave, Ste 310 Richmond, VA 23227

MidSouth Assurance

13 W Main St Richmond, VA 23220

Rhino Ins Agcy

2025 E Main St #114 Richmond, VA 23223

Saunders & Benson, Inc.

4901 Cutshaw Ave Richmond, VA 23230

Capital Ins & Bonding Svcs

105 E Cary St Richmond, VA 23219

M A Y Financial LLC

3126 W Cary Sy #210 Richmond, VA 23221

S S C Ins Agcy Inc

P O Box 26234 Richmond, VA 23260

VA Automobile Dealers Assocs

P O Box 5407 Richmond, VA 23220

The Andrew Agency

500 Libbie Ave Ste 1A Richmond, VA 23226

Mark of Richmond, Inc. t/a The Monument Sports Group

1365 Overbrook Rd #1 Richmond, VA 23220

Rutherfoord, a Marsh & McLennan Agcy

1001 Haxall Point Ste 800 Richmond, VA 23219

Ins Doctors of Richmond Inc

1700 Willow Lawn Dr #103 Richmond, VA 23230

Not sure about Richmond

Check out these other Virginia cities...

Virginia Beach

Norfolk

Chesapeake

2

$995

The average Richmonder's annual cost of coverage

2

40%

Our customer's average savings after comparing insurance

Revised

159

That's equal to 159 cups of coffee or $398 in savings

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Recent Questions:

Richmond Car Insurance

Can I sue if a ceiling collapsed on me after repairs?

I'm sorry to hear that happened. I hope your brother is okay.

Why is my car insurance more expensive than last year?

<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The average rate of inflation for any given year is about 3% and auto insurance is not immune to inflation or the rising cost of hospital visits. It is significantly more expensive to go to the hospital today than it was even 10 years ago; heck even the cost of milk or simple groceries has risen a large amount.