How much does car insurance cost in Richmond?


The average cost of car insurance in Richmond, Virginia, is $1,075 per year. That's more than the average across Virginia ($1,005) and cheaper than the national average of $1,548. Our guide to Richmond car insurance includes average rates based on age, credit score, driving history, and marital status. Keep reading to learn more!


CAR INSURANCE RATES IN RICHMOND
Richmond Average (annual)Virginia AverageU.S. Average
$1,075$1,005$1,548

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Richmond car insurance rates by provider


The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable quote. In Richmond, USAA provides the most affordable rates for the typical insurance customer. 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
Insurance CompanyAverage Yearly Rate
USAA$883
Erie$966
Progressive$1,004
State Farm$1,048
Nationwide$1,193

Consult our expert guide to finding the best cheap car insurance.



Richmond auto insurance rates by age

The age group that pays the least for car insurance in Richmond are drivers in their 50s ($919per year). Rates for Richmond drivers in their 60s are also relatively affordable, at just $962 per year.

The Richmond drivers who face the priciest insurance rates are teenagers. One of the easiest ways to lower your car insurance rates as a driver in Richmond is to age out of your teenage years. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Richmond is $2,554, the largest such difference between any two age groups.


RICHMOND CAR INSURANCE PREMIUMS BY DRIVER AGE
Age bracketAverage Yearly Rate
Teenagers$4,040
20s$1,487
30s$1,051
40s$1,000
50s$919
60s$962
70s$1,230

Learn more about how age influences auto insurance rates.



Richmond auto insurance rates by gender and marital status


Marital status and gender are contributing factors to car insurance rates in many cases. In Richmond, married drivers pay $134 less than single drivers for car insurance. Married drivers enjoy less expensive rates than their single counterparts in most locations, based on data showing they file fewer insurance claims. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Richmond, single drivers pay more than those who are widowed.

Gender is another factor that can affect auto insurance rates. In Richmond, female drivers pay $2 per year more than do male drivers.


RICHMOND CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
Marital Status/GenderAverage Annual Rate
Female$1,077
Male$1,075
Single$941
Married$941
Divorced$1,075
Widowed$942

Learn more about how gender and marital status have on car insurance rates.



Richmond car insurance rates by violation history


No matter where you live, keeping your driving record clean is a great 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.

Richmond drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $439 per year versus the city average. A ticket for speeding results in a $266 rate hike while a DWI or DUI violation costs $589per year in extra insurance expenditures.


AVERAGE RICHMOND INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
ViolationAverage Yearly Rate
DWI/DUI$1,664
Reckless Driving$1,514
At-fault Accident (damages less than $1,000)$1,505
At-fault Accident (damages > $2,000)$1,691
Speeding Ticket (16-20 mph over speed limit)$1,341

Learn more about how citations can raise your auto insurance rates.



Richmond auto insurance rates by credit tier


Another major insurance rating factor is credit score. Drivers with bad credit histories typically face more expensive car insurance than do drivers with stellar credit. Richmond drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 57% on their car insurance premiums. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Richmond, improving your credit to "Fair" could help you earn an $842 decrease in yearly insurance premiums.


RICHMOND CAR INSURANCE RATES BY CREDIT LEVEL
Credit ScoreAverage Yearly Rate
Very Poor$2,115
Fair$1,273
Good$1,075
Very Good$977
Exceptional$903

Learn more about the relationship between poor credit and car insurance.



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, and decreased visibility.

And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. 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.

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

MidSouth Assurance

13 W Main St, Richmond, VA 23220

Rutherfoord, a Marsh & McLennan Agcy

1001 Haxall Point Ste 800, Richmond, VA 23219

Grimsley Life Ins

1001 N 20Th St Unitt D, Richmond, VA 23223

The Andrew Agency

500 Libbie Ave Ste 1A, Richmond, VA 23226

Garriques Lloyd & McMahon Ins Agcy

2309 Westwood Ave, Richmond, VA 23230

VA Automobile Dealers Assocs

P O Box 5407, Richmond, VA 23220

Mid Atlantic Insurance Services Inc

1912 E Broad St, Richmond, VA 23223

Trice Holding Ltd / Ins Dr

117 E Cary St, Richmond, VA 23219

Wood Ins Agency Inc

5311 Patterson Ave, Richmond, VA 23226

Capital Ins & Bonding Svcs

105 E Cary St 2nd Floor, Richmond, VA 23219

S S C Ins Agcy Inc

P O Box 26234, Richmond, VA 23260

Straus, Itzkowitz & LeCompte Insurance, Inc.

5310 Markel Rd; Ste 203, Richmond, VA 23230

Westover-Bon Air Insurance, LLC

901 Moorefield Park Dr Ste 210, Richmond, VA 23236

Peyton Cheely & Woodle Inc

2114 Dabney Rd, Richmond, VA 23230

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

1365 Overbrook Rd #1, Richmond, VA 23220

Mallory Keck & Wilkerson Inc

2114 Dabney Rd #D, Richmond, VA 23230

Ins Doctors of Richmond Inc

1700 Willow Lawn Dr #103, Richmond, VA 23230

M A Y Financial LLC

3126 W Cary Sy #210, Richmond, VA 23221

BB&T Insurance Services

2108 W Laburnum Ave, Ste 310, Richmond, VA 23227

Resort Hotel Association

2100 E Cary St #3, Richmond, VA 23223

Rhino Ins Agcy

2025 E Main St #114, Richmond, VA 23223

Saunders & Benson, Inc.

4901 Cutshaw Ave, Richmond, VA 23230

AAA Midatlantic Ins Agcy - Richmond

1601 Willow Lawn Dr #700, 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

See How Much You Can Save in Richmond

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Recent Questions:

Richmond Car Insurance

What insurance companies can I use with Turo?

I'm not sure how many companies are actively offering coverage for Turo, but I do know they have a sponsorship with Liberty Mutual that allows hosts to choose a protection plan. This protection plan covers liability and physical damage to the vehicle, but hosts can also deny a plan if they have their own coverage.

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.