Best Richmond, VA Car Insurance in 2024
The cheapest car insurance company in Richmond, VA, is USAA, but car insurance rates vary for each person. The minimum Richmond, Virginia car insurance requirements are 25/50/20 on liability coverage. Under the right company, you can pay as low as $168/mo. Shop around and compare multiple companies to find the best rates.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Richmond, Virginia car insurance costs $1,329 less than the national average
- The most affordable car insurance companies in Richmond, VA are USAA, Geico, and Nationwide
- Virginia’s car insurance requirements are 25/50/20
- Richmond has the highest vehicle thefts in Virginia
On average, Richmond, VA car insurance rates are $2,603 per year, which is about $217 per month. This puts Richmond’s average rate $1,329 less than the national average and $245 more than the average Virginia car insurance. However, Richmond, VA auto insurance rates depend on the company and other factors that affect car insurance.
Our guide explains how you can secure cheap car insurance in Richmond, Virginia, for every age, credit history, and driving record.
Ready to find affordable Richmond, VA car insurance? Enter your ZIP code above to get started.
Monthly Richmond, VA Car Insurance Rates by ZIP Code
ZIP codes will play a major role in your car insurance rates because factors like crime and traffic are calculated by ZIP code. Check out the monthly Richmond, Virginia auto insurance rates by ZIP Code below:
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Richmond, VA Car Insurance Rates vs. Top US Metro Car Insurance Rates
You might find yourself asking how does my Richmond, Virginia stack up against other top US metro areas’ auto insurance rates? We’ve got your answer below.
What is the cheapest car insurance company in Richmond, VA?
The cheapest auto insurance company in Richmond, VA, is USAA. However, USAA is only available for military veterans and their immediate families. The following most affordable companies are Geico and Nationwide.
Which Richmond, VA car insurance company has the best rates? And how do those rates compare against the average Virginia car insurance company rates? We’ve got the answers below.
Here are the best auto insurance companies in Richmond, Virginia, ranked from cheapest to most expensive:
- USAA car insurance – $2,010
- Geico car insurance – $2,365
- Nationwide car insurance – $2,535
- Progressive car insurance – $2,568
- State Farm car insurance – $2,648
- Allstate car insurance – $3,495
USAA, Geico, Nationwide, and Progressive are the only companies in Richmond that offer cheaper than average car insurance rates. With the right car insurance discounts, you can lower your annual costs.
Before you get any discount, car insurance providers will inspect specific factors that affect your car insurance rates, such as age, gender, marital status, driving record, and credit history.
The most significant factor is your driving record. Some car insurance companies provide up to 40 percent off if you have a clean driving record. In addition to no traffic violations or accidents, a good credit score can lower your auto insurance rates even more.
Even your location is a factor. Did you know your neighborhood ZIP code can save you hundreds more if you live in a safer address? The cheapest ZIP code in Richmond, VA, is 85310, and its average car insurance cost is $176 per month.
If you’re a driver under 25 years old, you could face auto insurance quotes up to $5,900 per year. On the other hand, senior drivers may have car insurance rates of about $1,500 per year.
Comparing Richmond, VA car insurance rates by age is an essential comparison because the top car insurance company for one age group may not be the best company for another age group.
Your coverage level will play a major role in your Richmond car insurance rates. Find the cheapest Richmond, VA car insurance rates by coverage level below:
Your credit score will play a significant role in your Richmond car insurance rates unless you live in these states where discrimination based on credit is not allowed: California, Hawaii, and Massachusetts. You may be able to get a good credit discount. Find the cheapest Richmond, VA car insurance rates by credit score below.
Your driving record will play a major role in your Richmond car insurance rates. For example, other factors aside, a Richmond, VA DUI may increase your car insurance rates 40 to 50 percent. Find the cheapest Richmond, VA car insurance with a bad driving record.
Factors affecting car insurance rates in Richmond, VA may include your commute, coverage level, tickets, DUIs, and credit. Controlling these factors will help you maintain cheap Richmond, Virginia car insurance.
These states are no longer using gender to calculate your car insurance rates — Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania. But age is still a major factor because young drivers are often considered high-risk. Therefore, teen car insurance is more expensive. VA does use gender, so check out the average monthly car insurance rates by age and gender in Richmond, VA.
What are the minimum car insurance coverage requirements in Richmond, VA?
All drivers in Virginia must have the minimum car insurance required by the state, which are:
- $25,000 per person and $50,000 per incident for bodily injury liability
- $20,000 per incident for property damage
Some car insurance agents may recommend uninsured/underinsured motorist coverage to cover the gaps in insurance.
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What affects car insurance rates in Richmond, VA?
Did you know that your daily commute affects your car insurance? Even a city’s motor vehicle thefts affect car insurance quotes.
According to Data USA, it takes the average Richmond driver 21 minutes to get to work. Since Richmond’s average commute is faster than the national average commute time, you may not pay much for car insurance in Richmond, Virginia.
Richmond, VA’s weather shouldn’t affect your auto insurance rates. Most accidents occur during normal conditions.
However, vehicle theft has a significant impact on comprehensive car insurance. Higher rates of motor vehicle theft will certainly increase car insurance costs. The FBI annual statistics reported that Richmond had 854 auto thefts in 2019.
Richmond, VA Car Insurance: The Bottom Line
Richmond, VA car insurance rates are more affordable than most cities in the United States. You can save hundreds on car insurance if you maintain a clean driving record and a good credit score.
Teen and young adult drivers should consider going under a parent or legal guardian’s car insurance policy to save. Also, you can get discounts for safety and anti-theft features on your vehicle.
Before you buy car insurance in Richmond, VA, be sure you’ve checked rates with multiple companies. Enter your ZIP code below to get fast, free Richmond, VA car insurance quotes.
Frequently Asked Questions
How are car insurance rates determined in Richmond, VA?
Car insurance rates in Richmond, VA are determined by various factors, including your driving record, age, gender, marital status, type of vehicle, coverage limits, deductibles, and the insurance company’s pricing model. Additionally, factors such as the crime rate and the number of accidents in the area can also impact insurance rates.
Are car insurance rates higher in Richmond, VA compared to other areas?
Car insurance rates can vary from one area to another, and Richmond, VA may have different rates compared to other locations. Insurance rates are influenced by local factors such as the population density, traffic patterns, and historical claim data specific to the area. It’s recommended to compare rates from multiple insurance providers to find the best option for your needs.
How can I find the best car insurance rates in Richmond, VA?
To find the best car insurance rates in Richmond, VA, consider the following steps:
- Shop around: Obtain quotes from multiple insurance companies to compare rates.
- Review coverage options: Ensure you understand the coverage types and limits being offered.
- Assess deductibles: Evaluate the deductibles for comprehensive and collision coverage.
- Check for discounts: Inquire about any available discounts based on your circumstances.
- Consider customer reviews and reputation: Research the insurance company’s customer satisfaction ratings and reviews.
What are the pros of comparing car insurance rates in Richmond, VA?
Comparing car insurance rates in Richmond, VA has several advantages:
- Potential cost savings: By comparing rates, you can find more affordable insurance options.
- Better coverage options: Different insurance companies may offer additional coverage options that suit your needs.
- Improved customer service: Researching insurance providers allows you to choose companies with good customer service and responsive claims handling.
What are the cons of comparing car insurance rates in Richmond, VA?
While comparing car insurance rates in Richmond, VA can be beneficial, there are a few potential drawbacks:
- Time-consuming: Gathering quotes from multiple insurers can be time-consuming.
- Complex comparisons: Policies can differ in terms of coverage types, limits, and exclusions, making direct comparisons challenging.
- Limited accuracy: Online quotes may not always reflect the final premium, as additional factors can impact the rate during the underwriting process.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
