Best Richmond, VA Car Insurance in 2024

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:

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.

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.