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 AverageState AverageNational 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/ViolationAverage 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
CreditAverage 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
AgeAverage 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/GenderAverage 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

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

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

1365 Overbrook Rd #1 Richmond, VA 23220

S S C Ins Agcy Inc

P O Box 26234 Richmond, VA 23260

Rutherfoord, a Marsh & McLennan Agcy

1001 Haxall Point Ste 800 Richmond, VA 23219

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

Mallory Keck & Wilkerson Inc

2114 Dabney Rd #D Richmond, VA 23230

Mid Atlantic Insurance Services Inc

1912 E Broad St Richmond, VA 23223

Rhino Ins Agcy

2025 E Main St #114 Richmond, VA 23223

Grimsley Life Ins

1001 N 20Th St Unitt D Richmond, VA 23223

Straus, Itzkowitz & LeCompte Insurance, Inc.

5310 Markel Rd; Ste 203 Richmond, VA 23230

Ins Doctors of Richmond Inc

1700 Willow Lawn Dr #103 Richmond, VA 23230

The Andrew Agency

500 Libbie Ave Ste 1A Richmond, VA 23226

Resort Hotel Association

2100 E Cary St #3 Richmond, VA 23223

Peyton Cheely & Woodle Inc

2114 Dabney Rd Richmond, VA 23230

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

Westover-Bon Air Insurance, LLC

901 Moorefield Park Dr Ste 210 Richmond, VA 23236

Capital Ins & Bonding Svcs

105 E Cary St Richmond, VA 23219

Trice Holding Ltd / Ins Dr

117 E Cary St Richmond, VA 23219

AAA Midatlantic Ins Agcy - Richmond

1601 Willow Lawn Dr #700 Richmond, VA 23230

VA Automobile Dealers Assocs

P O Box 5407 Richmond, VA 23220

Saunders & Benson, Inc.

4901 Cutshaw Ave Richmond, VA 23230

See All

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

icon_coffee

159

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

See How Much You Can Save in Richmond

Just enter your zip code to get started

Your information is secure.

Recent Questions:

Richmond Car Insurance

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

Jan 28, 2019

can my brother sue his landlord? My brother is renting a house and after a hurricane, he went back home ...

Additional Resources:

Richmond Car Insurance

How to Update Your Driver’s License When You Move to a New State
How to Update Your Driver’s License When You Move to a New State
Jul 28, 2017

Moving to a new state can be an exciting adventure. As with most moves, it requires a bit of paperwork...

Drunk Driving vs. Distracted Driving: Which is More Dangerous?
Drunk Driving vs. Distracted Driving: Which is More Dangerous?
Jun 09, 2017

  Drunk driving has long been a major cause of accidents on the road. Having a few drinks impairs our...

Digital Insurance Cards: Which States Accept Them?
Digital Insurance Cards: Which States Accept Them?
May 19, 2017

You probably already take care of your banking errands on your phone (thanks, mobile check deposits!). You may have shown...

Car Insurance for First-Time Drivers: 6 Things You Should Know
Car Insurance for First-Time Drivers: 6 Things You Should Know
Apr 03, 2017

A driver’s license is more than just permission to take to the open road. To many, including first-time drivers, it...

Driverless Car Laws by State
Driverless Car Laws by State
Mar 16, 2017

While many established automakers and technology companies are itching to win the autonomous vehicle race, legislators are simply trying to...

How Does the Government Affect What You Pay for Car Insurance?
How Does the Government Affect What You Pay for Car Insurance?
Mar 12, 2017

  With auto insurance rates on the rise over the last five years, I’m constantly asked who’s responsible for auto...

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....

4 Consequences of Driving without Insurance
4 Consequences of Driving without Insurance
Jan 27, 2017

If you drive in the U.S., you simply have to have car insurance. It’s the law. (Even residents of New...

The Rundown on “No Refusal” Weekends
The Rundown on “No Refusal” Weekends
Dec 20, 2016

The holidays are a hazardous time to be on the roads, and believe us, cops know it. They’re closely monitoring...

How Long After a Car Crash Can You File a Claim?
How Long After a Car Crash Can You File a Claim?
Dec 13, 2016

Auto insurance rules aren’t simple: each state sets its own regulations about everything from whether or not a driver’s credit...

What’s the Most Expensive Traffic Ticket in Your State?
What’s the Most Expensive Traffic Ticket in Your State?
Nov 08, 2016

If a cop hands you a ticket for speeding, swerving in and out of lanes, or causing a crash, you’re...

Don’t Count on Anti-Theft Devices to Lower Your Insurance Rate – Here’s Why
Don’t Count on Anti-Theft Devices to Lower Your Insurance Rate – Here’s Why
Nov 02, 2016

We know that tech and automotive companies are racing to create increasingly connected, autonomous cars. In fact, many of us...

Driver’s License Points: Do They Matter?
Driver’s License Points: Do They Matter?
Sep 23, 2016

In the world of traffic law and auto insurance, points are universally a bad thing. Instead of helping you win...

Who Pays More for Car Insurance: Democrats or Republicans?
Who Pays More for Car Insurance: Democrats or Republicans?
Aug 22, 2016

Red states, blue states, and battleground states: we’ll hear a lot about the political leanings of the 50 U.S. states...

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...

Welcome to Data Heaven: Introducing The 2016 State of Auto Insurance Report
Welcome to Data Heaven: Introducing The 2016 State of Auto Insurance Report
Aug 02, 2016

Drumroll please… Today, The Zebra introduces to you, fine readers, our first annual State of Auto Insurance Report! Did you...

Study: Poor Credit Will Cost You Double for Car Insurance
Study: Poor Credit Will Cost You Double for Car Insurance
May 03, 2016

Most folks consider credit a crucial factor in determining what they pay for home mortgages and other big life expenses, but far...