Car Insurance in Richmond

Virginia premiums fall below the national average by 37%, which is why the state is recognized for its low-cost rates. While premiums in in Richmond are relatively low as well, it is still vital to save while insuring a vehicle. Why don't we get started on how to save on car insurance in Richmond?

  • City Average: $998
  • State Average: $901
  • National Average: $1,427

Richmond Car Insurance by Age

In Richmond, drivers see the most significant decrease in premiums when they reach their 20s, as they save an average of 63% from moving out of the teenage age range. In Richmond, turning 60 means a rise in car insurance premiums. Up until then, progressing from one age group to the next means decreasing prices. Teenage drivers are the ones who pay the most in car insurance premiums, with typical payments of $3,762. Among all age groups, drivers in their 50s have the lowest payments, with rates of $861/year. People in their 60s ($902) aren’t paying significantly more.

  • Teenagers: $3,762
  • 20s: $1,400
  • 30s: $977
  • 40s: $936
  • 50s: $861
  • 60s: $902
  • 70s: $1,162

Richmond Car Insurance by Gender and Marital Status

Quite a few driver characteristics, including marital status and gender, can have an effect on car insurance premiums in Richmond. Believe it or not, marital status has a substantial impact on premiums. Being single can cost you approximately $90 more per year compared to being married. Rates for those who are widowed are also strikingly cheaper than rates for those who are single. The amount by which men's and women's car insurance premiums vary is minimal.

  • Female: $1,001
  • Male: $998
  • Single: $998
  • Married: $904
  • Divorced: $998
  • Widowed: $940

Richmond Car Insurance by Accident or Violation History

Do you know the impact an accident or violation can have on your car insurance premiums? You can expect your yearly car insurance payments to increase by $512 if you are found at-fault in an accident in Richmond. On average, a DUI in Richmond will cost you 44% more in car insurance premiums versus 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!

  • DUI: $1,436
  • Reckless Driving: $1,759
  • At-fault Accident (damages less than $1000): $1,510
  • At-fault Accident (damages greater than $2000): $1,510
  • Speeding Ticket (16-20 mph over speed limit): $1,184

Richmond Car Insurance by Credit Rating

For individuals with Very Poor credit (300-579), as opposed to Exceptional credit (800-850), car insurance premiums are 96% more a year. Drivers will see the largest reduction in premiums when they improve their credit from Very Poor (300-579) to Fair (580-669). That change can save them $316 per year.

  • Very Poor: $1,796
  • Fair: $1,480
  • Good: $1,237
  • Very Good: $1,046
  • Exceptional: $915

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

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

Find Local Richmond Agents

Trice Holding Ltd / Ins Dr

117 E Cary St Richmond, VA 23219

The Andrew Agency

500 Libbie Ave Ste 1A Richmond, VA 23226

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

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

1365 Overbrook Rd #1 Richmond, VA 23220

Capital Ins & Bonding Svcs

105 E Cary St Richmond, VA 23219

Mid Atlantic Insurance Services Inc

1912 E Broad St Richmond, VA 23223

Mallory Keck & Wilkerson Inc

2114 Dabney Rd #D Richmond, VA 23230

Ins Doctors of Richmond Inc

1700 Willow Lawn Dr #103 Richmond, VA 23230

Peyton Cheely & Woodle Inc

2114 Dabney Rd Richmond, VA 23230

VA Automobile Dealers Assocs

P O Box 5407 Richmond, VA 23220

Wood Ins Agency Inc

5311 Patterson Ave Richmond, VA 23226

Garriques Lloyd & McMahon Ins Agcy

2309 Westwood Ave Richmond, VA 23230

MidSouth Assurance

13 W Main St Richmond, VA 23220

BB&T Insurance Services

2108 W Laburnum Ave, Ste 310 Richmond, VA 23227

Saunders & Benson, Inc.

4901 Cutshaw Ave Richmond, VA 23230

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

S S C Ins Agcy Inc

P O Box 26234 Richmond, VA 23260

AAA Midatlantic Ins Agcy - Richmond

1601 Willow Lawn Dr #700 Richmond, VA 23230

M A Y Financial LLC

3126 W Cary Sy #210 Richmond, VA 23221

Rhino Ins Agcy

2025 E Main St #114 Richmond, VA 23223

Resort Hotel Association

2100 E Cary St #3 Richmond, VA 23223

See All

Not sure about Richmond

Check out these other Virginia cities...

Virginia Beach

Norfolk

Chesapeake

$995

The average Richmonder's annual cost of coverage

40%

Our customer's average savings after comparing insurance

159

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

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Richmond Car Insurance

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