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
$998 $901 $1,427


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
DUI $1,436
Reckless Driving $1,759
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
Very Poor $1,796
Fair $1,480
Good $1,237
Very Good $1,046
Exceptional $915


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
Age Average Rate
Teenagers $3,762
20s $1,400
30s $977
40s $936
50s $861
60s $902
70s $1,162


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


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

Resort Hotel Association

2100 E Cary St #3 Richmond, VA 23223

VA Automobile Dealers Assocs

P O Box 5407 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

Capital Ins & Bonding Svcs

105 E Cary St Richmond, VA 23219

S S C Ins Agcy Inc

P O Box 26234 Richmond, VA 23260

Wood Ins Agency Inc

5311 Patterson Ave Richmond, VA 23226

Trice Holding Ltd / Ins Dr

117 E Cary St Richmond, VA 23219

Grimsley Life Ins

1001 N 20Th St Unitt D Richmond, VA 23223

MidSouth Assurance

13 W Main St Richmond, VA 23220

Mid Atlantic Insurance Services Inc

1912 E Broad St Richmond, VA 23223

AAA Midatlantic Ins Agcy - Richmond

1601 Willow Lawn Dr #700 Richmond, VA 23230

BB&T Insurance Services

2108 W Laburnum Ave, Ste 310 Richmond, VA 23227

Westover-Bon Air Insurance, LLC

901 Moorefield Park Dr Ste 210 Richmond, VA 23236

Peyton Cheely & Woodle Inc

2114 Dabney Rd Richmond, VA 23230

M A Y Financial LLC

3126 W Cary Sy #210 Richmond, VA 23221

Saunders & Benson, Inc.

4901 Cutshaw Ave Richmond, VA 23230

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

1365 Overbrook Rd #1 Richmond, VA 23220

Rhino Ins Agcy

2025 E Main St #114 Richmond, VA 23223

Garriques Lloyd & McMahon Ins Agcy

2309 Westwood Ave Richmond, VA 23230

Straus, Itzkowitz & LeCompte Insurance, Inc.

5310 Markel Rd; Ste 203 Richmond, VA 23230

Rutherfoord, a Marsh & McLennan Agcy

1001 Haxall Point Ste 800 Richmond, VA 23219

The Andrew Agency

500 Libbie Ave Ste 1A Richmond, VA 23226

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

See How Much You Can Save in Richmond

Click below to get free quotes in seconds!

Start Saving Now!
Additional Resources:

Richmond Car Insurance

What You Need to Know about Getting High and Driving in 2017
What You Need to Know about Getting High and Driving in 2017
Jan 30, 2017

Marijuana legalization in the U.S. is constantly evolving, and states continue to modify their own legislation on their own timelines....

Should the Government Require Regular Driving Tests?
Should the Government Require Regular Driving Tests?
Oct 03, 2016

 Most drivers in the U.S. seek their driver’s licenses at a young age. In teens’ minds, driving means freedom, so...

Kids and Pets Left in Hot Cars: What Can You Do?
Kids and Pets Left in Hot Cars: What Can You Do?
Aug 31, 2016

The interior temperature of a parked car sitting in the sun on a 78-degree day can reach 120 degrees in...

Which States Have the Cheapest Car Insurance?
Which States Have the Cheapest Car Insurance?
Aug 02, 2016

Car insurance companies consider all sorts of factors to assess risk and set rates for different drivers. Here at The...

Are Vehicle Inspections Really About Safety?
Are Vehicle Inspections Really About Safety?
Jul 18, 2016

The world of automotive regulations is quite complicated. For instance, each state makes and maintains its own regulations for auto...

Safe Teen Driving: When It’s Actually Good to Be a Helicopter Parent
Safe Teen Driving: When It’s Actually Good to Be a Helicopter Parent
Apr 26, 2016

Last month, The New York Times endorsed a widely ridiculed and mocked parenting trend: helicopter parenting. But before anxious parents...

Bow-OW! Do You Need Car Insurance for Your Pet?
Bow-OW! Do You Need Car Insurance for Your Pet?
Mar 14, 2016

Many pet owners frequently drive with their animals, and while we might know the safest ways for pets to travel...

Ridesharing’s Unexpected Danger? Aggressive Passengers
Ridesharing’s Unexpected Danger? Aggressive Passengers
Mar 02, 2016

When ridesharing first came on the scene, potential customers wondered if they’d be safe: the idea of getting in a...

The Wrath of El Niño
The Wrath of El Niño
Feb 19, 2016

The 2015-2016 El Niño has been dubbed “Godzilla El Niño” by weather experts—and with good reason. Just like the giant...

Texting and Driving and Car Insurance! Oh My!
Texting and Driving and Car Insurance! Oh My!
Nov 05, 2015

That texting and driving is dangerous isn’t news to anyone—the dangers of distracted driving are well documented, and texting is...

Drive Less, Pay Less? The Truth About Mileage and Car Insurance
Drive Less, Pay Less? The Truth About Mileage and Car Insurance
Sep 15, 2015

Driving fewer miles can mean insurance premium savings—for some people with some insurance carriers. So how much less must you...

The 10 Most Car-Friendly Colleges in the U.S.
The 10 Most Car-Friendly Colleges in the U.S.
Aug 17, 2015

As we’ve detailed before, and as any driver already knows, car ownership is expensive. The annual cost to own and...

A Brief (Illustrated) History of Carpooling
A Brief (Illustrated) History of Carpooling
Aug 08, 2014

Sometimes you find gems in the strangest places: Yesterday’s post on Lyft and Uber launching carpool services lead to a...