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Best Cheap Auto Insurance in Richmond, VA (2021)

Things to Remember

  • Auto insurance in Richmond, VA is lower than the national average
  • The cheapest Richmond, VA auto insurance company is GEICO
  • Auto insurance rates in Richmond are higher than the state average

Richmond, VA auto insurance rates are lower than the U.S. average. However, they are still high compared to the Virginia state average. Richmond, Virginia auto insurance is high due in part to the fact that it is the fourth largest city in Virginia, meaning more traffic and a higher chance for an accident.

It is still possible to find affordable Richmond, VA auto insurance. Shop around, compare quotes, and ask for discounts for cheap auto insurance.

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Monthly Richmond, VA Car Insurance Rates by ZIP Code

Find more info about the monthly Richmond, VA auto insurance rates by ZIP Code below:

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Richmond, VA Car Insurance Rates vs. Top US Metro Car Insurance Rates

Which city you live in will have a major affect on car insurance. That’s why it’s vital to compare Richmond, VA against other top US metro areas’ auto insurance rates.

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Enter your ZIP code now to compare Richmond, VA auto insurance quotes.

What is the cheapest auto insurance company in Richmond, VA?

Although USAA actually has the lowest auto insurance in Richmond, it is only available to the military, veterans, and their families. The company with the lowest auto insurance rates offered to everyone in Richmond, VA is GEICO.

The cheapest Richmond, VA car insurance company can be discovered below. You then might be asking, “How do those rates compare against the average Virginia car insurance company rates?” We cover that as well.

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These are the top auto insurance companies in Richmond, ranked from least to most expensive:

  • USAA – $2,009.79
  • GEICO – $2,364.79
  • Nationwide – $2,534.56
  • Progressive – $2,567.60
  • State Farm – $2,647.99
  • Allstate – $3,494.64

There are many different factors that determine your auto insurance rates. Age, gender, marital status, where you live, driving history, and credit score can all be used to calculate your auto insurance rates.

Each company will charge different rates so comparing quotes from multiple companies will help you find the best policy for you.

Richmond, VA car insurance rates by company and 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.

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Your coverage level will play a major role in your Richmond, VA car insurance rates. Find the cheapest Richmond, Virginia car insurance rates by coverage level below:

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Your credit score will play a major role in your Richmond, VA car insurance rates unless you live in these states where discrimination based on credit is not allowed: California, Hawaii, Massachusetts, and North Carolina. Find the cheapest Richmond, Virginia car insurance rates by credit score below.

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Your driving record will affect your Richmond car insurance rates. For example, a Richmond, Virginia DUI may increase your car insurance rates 40 to 50 percent. Find the cheapest Richmond, VA car insurance rates by driving record.

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Factors affecting car insurance rates in Richmond, VA may include your commute, coverage level, tickets, DUIs, and credit. Controlling these risk factors will ensure you have the cheapest Richmond, Virginia car insurance.

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These states no longer use gender to calculate your car insurance rates — Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania. But age is still a large factor because young drivers are considered high-risk drivers in Richmond, VA. Richmond, VA does use gender, so check out the average monthly car insurance rates by age and gender in Richmond, VA.

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What auto insurance coverage is required in Richmond, VA?

Virginia has a minimum level of auto insurance drivers much carry in order to drive legally. Those minimums are:

  • $25,000 per person and $50,000 per incident for bodily injury liability
  • $20,000 per incident for property damage

Virginia also requires you to carry uninsured and underinsured coverage. If you choose not to carry auto insurance, you can pay a $500 Uninsured Motor Vehicle Fee each year. However, you will still be personally liable for any damages and injuries you cause in an accident.

What affects auto insurance rates in Richmond, VA?

Two more factors that are used to determine auto insurance rates are traffic and thefts where you live.

INRIX ranks Richmond, VA as the 48th most congested city in the U.S. This is important because accidents are more likely to happen when more cars are on the road.

According to City-Data, most drivers have a commute time of 25 minutes.

The FBI does not list vehicle theft data for Richmond, but nearby Petersburg had 113 vehicle thefts.

Richmond, VA Auto Insurance: The Bottom Line

Richmond, VA does have higher than the state average auto insurance rates, but they are still lower than the national average. Drivers can take advantage of low rates by keeping a clean driving record and asking for discounts.

Before you buy Richmond, VA auto insurance, shop around to get the best deal. Just enter your ZIP code now to compare Richmond, VA auto insurance quotes.

References:

  1. https://inrix.com/scorecard-city/?city=Richmond%2C%20VA&index=373
  2. https://www.city-data.com/city/Richmond-Virginia.html
  3. https://ucr.fbi.gov/crime-in-the-u.s/2017/crime-in-the-u.s.-2017/tables/table-8/table-8-state-cuts/virginia.xls

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