The average cost of full coverage car insurance in Richmond is $1,467, which is $118 more expensive per year than the average cost of insurance in Virginia. We found that the cheapest car insurance companies in Richmond are USAA, State Farm, Main Street America, Travelers, and Farm Bureau — but rates can vary a lot based on factors like driving history, age, and ZIP code.
Policygenius can compare quotes to find you the cheapest coverage, and our experts will make sure that the policies you’re comparing fit your needs the most.
Methodology & why you can trust our rates
Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:
Bodily injury liability: 50/100
Property damage liability: $50,000
Uninsured/underinsured motorist: 50/100
Comprehensive: $500 deductible
Collision: $500 deductible
In some cases, additional coverages were added where required by state or insurer.
Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.
Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Cheapest car insurance companies in Richmond, VA
Car insurance companies may consider everything from age, location, driving history, and credit score, but rates can vary from one company to the next. To get the best rate, you should compare rates before choosing a policy. Here are the cheapest companies in Richmond:
Company | Average cost | JD Power Rating |
|---|---|---|
USAA | $872 | 890 |
State Farm | $983 | 882 |
Main Street America | $1,007 | -- |
Travelers | $1,104 | 854 |
Farm Bureau | $1,125 | -- |
Cheapest car insurance rates by ZIP code in Richmond, VA
An insurance company will look at data that shows frequency of car theft and accidents, available secured parking, and other relevant data to determine the potential risk of the ZIP code where your car will spend the most time. The safer the area, the lower your premiums will be.
ZIP code | Average cost |
|---|---|
23236 | $1,417 |
23226 | $1,428 |
23173 | $1,428 |
23237 | $1,430 |
23232 | $1,434 |
23230 | $1,435 |
23221 | $1,437 |
23227 | $1,444 |
23225 | $1,464 |
23220 | $1,489 |
Choosing the right car insurance company in Richmond, VA
The policy that works best for you should be affordable and offer the most coverage for your needs. Each insurance company will assess your premium rate based on numerous factors, and by comparing insurers, you can choose the one with the lowest rates.
Policygenius makes it easy to compare rates from top car insurance companies, so you can be sure you’re making the right choice for your needs.
Car insurance rates for drivers with driving violations in Richmond, VA
Any accidents or moving violations will raise your rates, but each insurance company weighs violations in their own way. If you’ve committed a traffic violation or gotten a ticket, shopping for different quotes may help you find the most affordable coverage.
Violation | USAA | State Farm | Main Street America | Travelers | Farm Bureau |
|---|---|---|---|---|---|
At-fault accident | $1,312 | $1,188 | $1,642 | $1,665 | $1,568 |
DUI | $1,713 | $1,092 | $2,580 | $1,838 | $1,678 |
Suspended license | $1,672 | $1,092 | $2,580 | $1,838 | $1,678 |
Open container | $1,546 | $1,092 | $2,580 | $1,193 | $1,678 |
Expired registration | $1,112 | $1,092 | $1,618 | $1,193 | $1,570 |
Driving without lights | $915 | $1,092 | $1,618 | $1,573 | $1,570 |
Running a red light | $1,112 | $1,092 | $1,767 | $1,590 | $1,570 |
Following too closely | $1,112 | $1,092 | $1,767 | $1,193 | $1,570 |
Hit and run | $1,750 | $1,092 | $2,580 | $1,838 | $1,678 |
Not-at-fault accident | $915 | $996 | $1,304 | $1,496 | $1,522 |
Passing a school bus | $1,331 | $1,092 | $2,580 | $1,838 | $1,570 |
Reckless driving | $1,212 | $1,092 | $2,580 | $1,838 | $1,678 |
Speeding | $1,112 | $1,092 | $2,580 | $1,838 | $1,487 |
Cheapest car insurance for drivers with bad credit in Richmond, VA
One of the factors used to calculate your rate is your credit score. A low credit score is considered a higher risk to insure, so the higher your score, the lower your premiums will be.
Company | Rates for drivers with bad credit |
|---|---|
USAA | $1,602 |
Nationwide | $1,729 |
GEICO | $1,813 |
Auto-Owners Insurance | $1,958 |
Farm Bureau | $1,997 |
Buying car insurance in Richmond, VA
Drivers in Richmond must have the minimum amount of car insurance coverage per Virginia state law. Those minimums are:
Bodily injury liability coverage per person: $25,000
Bodily injury liability coverage per accident: $50,000
Property damage liability coverage: $20,000
Personal injury protection: Optional
Uninsured/underinsured motorist coverage: Coverage must match your liability limits, so $25,000 per person and $50,000 per incident
While you do have the option to pay the Virginia DMV $500 to legally opt of out buying car insurance, this will not give you any financial protection in case of an accident, and you could be on the hook for thousands of dollars if you cause an accident.
Virginia is an at-fault state, meaning that the driver who caused the violation will be responsible financially for damages caused to all parties. Depending on your needs, the minimum coverage amounts may not be enough, so consider using higher levels of coverage when you compare rates.
How to get cheap car insurance in Richmond, VA
Multiple discounts are available when searching for car insurance in Richmond, including:
Bundling discount: drivers who have car, home, and other insurance coverage with the same company are often able to get bundling discounts.
Safe-driver discount: drivers with a clean MVR may be eligible for discounts.
Good-student discount: young drivers who maintain a high GPA can get discounts on their insurance.
Employer/professional discount: many companies and industries offer discounts for certain insurance companies.
Low-mileage discount: drivers with low mileage can often get discounts for driving less.
Military discount: both active duty and veterans are often eligible for discounts.
By comparing rates, you can still find the least expensive insurance for you, even if you don’t qualify for any discounts.
Frequently asked questions
Is insurance required in Virginia?
In Virginia, you can pay the DMV $500 to legally drive uninsured. This means, however, that you will personally be responsible for any damages from any at-fault accidents, both to your car and the other vehicles involved.
Which insurance company has the lowest average rates in Richmond?
USAA has the lowest rates for coverage for drivers in Richmond.
Which violations will raise my rate the most in VA?
A DUI will usually cause your rates to increase the most. After a DUI, assuming you are able to keep your license, you can expect high rates for at least a few years.
How much is car insurance per month in Virginia?
The average monthly cost of car insurance in Virginia is $112, or $1,349 per year.
