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 Average||State Average||National Average|
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
|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
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/Gender||Average Rate|
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 Score||Average Car Insurance 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
Find Local Richmond Agents
Capital Ins & Bonding Svcs
105 E Cary St Richmond, VA 23219
Garriques Lloyd & McMahon Ins Agcy
2309 Westwood Ave Richmond, VA 23230
13 W Main St Richmond, VA 23220
Grimsley Life Ins
1001 N 20Th St Unitt D Richmond, VA 23223
BB&T Insurance Services
2108 W Laburnum Ave, Ste 310 Richmond, VA 23227
The Andrew Agency
500 Libbie Ave Ste 1A Richmond, VA 23226
Trice Holding Ltd / Ins Dr
117 E Cary St Richmond, VA 23219
Mallory Keck & Wilkerson Inc
2114 Dabney Rd #D Richmond, VA 23230
Rhino Ins Agcy
2025 E Main St #114 Richmond, VA 23223
S S C Ins Agcy Inc
P O Box 26234 Richmond, VA 23260
Saunders & Benson, Inc.
4901 Cutshaw Ave Richmond, VA 23230
Mid Atlantic Insurance Services Inc
1912 E Broad St Richmond, VA 23223
Peyton Cheely & Woodle Inc
2114 Dabney Rd Richmond, VA 23230
Resort Hotel Association
2100 E Cary St #3 Richmond, VA 23223
Wood Ins Agency Inc
5311 Patterson Ave Richmond, VA 23226
Rutherfoord, a Marsh & McLennan Agcy
1001 Haxall Point Ste 800 Richmond, VA 23219
Straus, Itzkowitz & LeCompte Insurance, Inc.
5310 Markel Rd; Ste 203 Richmond, VA 23230
VA Automobile Dealers Assocs
P O Box 5407 Richmond, VA 23220
M A Y Financial LLC
3126 W Cary Sy #210 Richmond, VA 23221
Mark of Richmond, Inc. t/a The Monument Sports Group
1365 Overbrook Rd #1 Richmond, VA 23220
Westover-Bon Air Insurance, LLC
901 Moorefield Park Dr Ste 210 Richmond, VA 23236
AAA Midatlantic Ins Agcy - Richmond
1601 Willow Lawn Dr #700 Richmond, VA 23230
Ins Doctors of Richmond Inc
1700 Willow Lawn Dr #103 Richmond, VA 23230
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