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Richmond Car Insurance

How much does car insurance cost in Richmond, VA? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Richmond?

Richmond, Virginia is the capital of the Commonwealth of Virginia and was incorporated in 1742. The city is located 44 miles west of Williamsburg and 66 miles east of Charlottesville.

Notable events happened in Richmond during the Revolutionary War period. Patrick Henry’s “Give me liberty or give me death” speech took place in 1775 at St. John’s Church. During the American Civil War, Richmond was the capital of the Confederacy.

Today, Richmond’s economy is centered around law, finance and government with federal, state and local governmental agencies working in downtown Richmond. The city also is home to the Virginia Biotechnology Research Park, which opened in 1995. Fortune 500 company Dominion Resources has its headquarters in Richmond. Capital One and Philip Morris USA are two other major employers in the city. Engineering specialists CTI Consultants are also based in Richmond.

The Virginia Museum of Fine Arts features art collections from Europe, the Far East and America. Other museums in the city include the Science Museum of Virginia, the Children’s Museum, the Edgar Allan Poe Museum and the Valentine Museum. You don’t have to go into a museum to see art in Richmond. There is plenty of street art around the city, more than 100 murals by international artists.

There are plenty of additional cultural sites and organizations in the city such as the Richmond Symphony, Virginia Opera Association, the Richmond Ballet and Concert Ballet of Virginia. Richmond CenterStage, a performing arts center, opened in 2009.

Thousands of acres of parks and recreational facilities can be found throughout the city for both indoor and outdoor sports and activities. More than 10,700 acres of park land runs along both sides of the James River. The river may be used for swimming, boating, canoeing, water skiing and fishing.

If you’re a Richmond resident looking for low-cost car insurance, we have a comparison tool that can quote you from over 200 companies in just minutes. All you have to do to get started is input your zip code and answer a few questions. It’s all free of charge, no credit card necessary. Here’s more about insurance requirements in Richmond.

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Virginia has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Richmond typically pay around $100.37 per month compared to the national average of $134.05 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $134.05
Virginia $89.84
Richmond, Virginia $100.37

Richmond, VA Best Car Insurance Companies

car insurance in Richmond

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, Utica National Ins Group generally has the most affordable car insurance in Richmond coming in around $79.57 per month. Other companies to consider if you live in Richmond is Clearcover with an average cost of $80.39 per month and USAA which typically runs around $80.51 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Richmond.

RankCompanyAverage Monthly RateComparison State Average
1 Utica National Ins Group $79.57-11.43%
2 Clearcover $80.39-10.52%
3 USAA $80.51-10.39%
4 Virginia Farm Bureau $88.25-1.78%
5 Penn National $88.89-1.06%
6 Mercury Insurance $92.272.71%
7 State Farm $93.664.25%
8 Erie $97.108.08%
9 Auto-Owners Insurance Co $100.0611.37%
10 National General RAD $109.3921.76%

How Much is Car Insurance in Richmond, VA?

how much is auto insurance in Richmond

Rates can vary from city to city. The residents of Alexandria typically pay $104.24 per month while people who live in Arlington will pay $94.06 per month on average. See what people pay for car insurance in other cities in Virginia.

Virginia CitiesMonthly Average Rate
Alexandria $104.24
Arlington $94.06
Norfolk $104.92
Richmond $100.03
Roanoke $74.59

Cheap Car Insurance in Richmond by Zip Codes

find cheap auto insurance in Richmond

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Virginia. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Richmond, VA ZIP CodeAverage Monthly Rate
23219$111.90
23220$109.62
23221$75.90
23222$116.04
23223$106.72
23224$98.91
23225$91.65
23226$77.92
23227$96.95
23230$93.12
23234$95.61
23235$86.21
23236$90.29
23237$91.92
23260$90.96
23297$128.94
23298$51.25

Car Insurance Rates by Driver's Age Group in Richmond

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $220.80 per month in Richmond. Compare that to drivers in their 30’s who typically pay around $83.68 per month drivers in their 40s at $75.67 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate
16-19$220.80
20s$132.39
30s$83.68
40s$75.67
50s$66.64
60s$68.71
70+$95.30

Cheapest Insurance for Teenage Drivers in Richmond

If you are teen in Richmond you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, Utica National Ins Group typically charges around $85.56 per month. This is likely the most affordable option in Richmond. You might also want to consider Virginia Farm Bureau and USAA who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
Utica National Ins Group$85.56
Virginia Farm Bureau$154.30
USAA$165.13
State Farm$196.23
ALFA$197.08

Cheapest Insurance for 20 Year-olds in Richmond

20 year-olds in Richmond might want to consider Utica National Ins Group who, on average, offers car insurance rates around $85.77 per month. USAA , Clearcover , Virginia Farm Bureau and National General RAD are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
Utica National Ins Group$85.77
USAA$96.49
Clearcover$102.12
Virginia Farm Bureau$105.60
National General RAD$109.39

Cheapest Insurance for 30 Year-olds in Richmond

If you are in your 30s in Richmond our research has found that USAA typically has the most affordable coverage coming in around $71.24 per month, followed by Penn National at $73.07 and Virginia Farm Bureau at $74.67.

CompanyAverage Monthly Rate
USAA$71.24
Penn National$73.07
Virginia Farm Bureau$74.67
Clearcover$78.16
Auto-Owners Insurance Co$81.05

Cheapest Insurance for 40 Year-olds in Richmond

On average, USAA offers car insurance for 40 year-olds in Richmond for around $62.62 per month. If you are looking for affordable coverage, you may also want to consider Penn National or Virginia Farm Bureau. The full list of top companies is below.

CompanyAverage Monthly Rate
USAA$62.62
Penn National$66.05
Virginia Farm Bureau$67.70
Utica National Ins Group$72.51
Auto-Owners Insurance Co$73.79

Cheapest Insurance for 50 Year-olds in Richmond

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Richmond we found that Mercury Insurance generally offers the most affordable coverage at $48.25 per month.

CompanyAverage Monthly Rate
Mercury Insurance$48.25
USAA$58.48
Penn National$58.64
Utica National Ins Group$62.95
Clearcover$65.82

Cheapest Insurance for 60 Year-olds in Richmond

If you live in Richmond and you’re in your 60s, our data indicates that Mercury Insurance usually has the best rates at $51.17 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
Mercury Insurance$51.17
USAA$60.62
Penn National$61.79
Clearcover$67.07
Utica National Ins Group$67.17

Driver's Coverage Auto Insurance Rates in Richmond, VA

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Richmond, the average monthly rate for a driver who is currently insured is $74.06 while drivers who are not currently covered will pay around $117.00.

CoverageAverage Monthly Rate
Not Currently Insured $117.00
Currently Insured $74.06

Compare Recent Car Insurance Quotes in Richmond

auto insurance quotes in Richmond city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Richmond a driver of a 2002 Hyundai Sonata can expect to pay around $62.02 per month while someone that owns a 2008 Toyota Camry may pay around $58.82 per month. Check out the list of recent quotes in Richmond below.

VehicleAverage Monthly Rate
2002 Hyundai Sonata$62.02
2008 Toyota Camry$58.82
2015 Chevrolet Malibu$80.08
2010 Hyundai Elantra$92.77
2013 Ford Edge$77.39
2005 Ford Escape$82.04
2010 Mercedes-Benz E$83.22
2005 Ford Explorer$65.79
2007 Nissan Maxima$73.13
2015 Audi Q5$95.09

FAQ's for Drivers in Richmond, VA

driver’s frequently asked question in Richmond

What Is the Minimum Liability Coverage Requirement in Richmond, VA?

Every state requires drivers to have a minimum amount of liability coverage. Virginia drivers are required to carry liability insurance to pay for damages and injuries inflicted on someone else in an auto accident.

  • $25,000; Bodily injury coverage per person; Maximum payment for serious injury or death to a single person
  • $50,000; Bodily injury coverage per accident; Maximum payment for serious injury or death to more than one person
  • $25,000; Property damage per accident; Maximum payment for all damaged property in an accident caused by you

Virginia drivers are not required to carry automobile insurance. Vehicle owners can instead opt to pay $500 to the Department of Motor Vehicles. Failure to insure your vehicle or pay this uninsured motor vehicle (UMV) fee is a Class 3 misdemeanor and is punishable by fines up to $500.

If you choose to insure your vehicle, Virginia requires at least $25,000 of bodily injury liability coverage per person and $50,000 of bodily injury coverage per accident. Additionally, you have to take out a minimum of $20,000 in property damage liability and carry uninsured motorist insurance in the same amounts as above.

What Is the Blood Alcohol Concentration (BAC) limit in Richmond, VA?

It’s against the law to drive in Virginia at the following BAC percentages:

.08%+ at 21 years old or older

.04%+ for commercial vehicle drivers

.02%+ at under 21 years old

You can be convicted of driving under the influence in Virginia even if the amount of alcohol in your blood has not caused obvious impairment. Moreover, you can be convicted if your BAC is at or above 0.08% or you’re impaired and just sitting in your vehicle with the key in the ignition. Your vehicle does not need to be moving and your ignition can be in the “off” position and you can still be found guilty.

What are the consequences of being convicted of a DUI?

Driving while under the influence of alcohol or drugs in Virginia is a big mistake. Potential penalties for a first offense DUI in Virginia include fines, jail time, court costs, driver’s license revocation, ignition interlock installation for restricted licenses, enrollment in the Virginia Alcohol Safety Action Program (ASAP), and DMV demerit points. High BACs or conviction of a DUI while transporting a minor result in mandatory jail time.

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Commute Time in Richmond, VA

21.9 Miles
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Commute Time in United States

26.4 Miles
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Number of Nearest Insurance Agents in Richmond, VA

267

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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