Find the Best Car Insurance Companies in Richmond, VA

Richmond car insurance costs and quotes

In Richmond, car insurance costs typically range from $600 to $1,000 per year. However, costs vary depending on the coverage level and the driver’s personal information. Before giving a quote, insurance companies consider many factors, including your:

• Age
• Gender
• ZIP code
• Credit score
• Driving history
• Vehicle information

For example, neighborhoods like Tuckahoe or Mechanicsville have lower crime and accident rates, so residents pay lower premiums as a result. However, your vehicle’s age, safety features and ownership status could make you pay more if your insurer considers it higher risk.

We’ve collected some example quotes for one year of car insurance costs in various Richmond neighborhoods at the time of publishing. For these examples, we assumed the driver was a 35-year-old unmarried woman driving a 2015 Honda Civic that she owns. She has a clean driving history and owns her vehicle. She’s also a renter and employed full-time with a college degree. Your own quote will vary depending on several factors, so the following estimates should only serve as a rule of thumb.

State minimum (25/50/20): This is the minimum liability insurance required by the state of Virginia.

• The Fan District - 23220: $766
• Short Pump - 23233: $766
• Tuckahoe - 23229: $768
• Mechanicsville - 23111: $738
• South Richmond - 23224: $862

Liability insurance (50/100/50): Like state minimum coverage, this type of insurance covers costs when you are at fault in an accident. This policy, however, has substantially higher coverage limits.

• The Fan District - 23220: $810
• Short Pump - 23233: $810
• Tuckahoe - 23229: $808
• Mechanicsville - 23111: $782
• South Richmond - 23224: $916

Comprehensive insurance (250/500/100): This type of policy offers collision, comprehensive and liability coverage, meaning almost any accident will be covered. Comprehensive car insurance is a good choice for those who can afford it.

• The Fan District - 23220: $1,002
• Short Pump - 23233: $978
• Tuckahoe - 23229: $986
• Mechanicsville - 23111: $974
• South Richmond - 23224: $1,166

Driving in Richmond

Car insurance is a necessary expense in Richmond, both to protect you from liability in an accident and ensure you’re following the law while driving. However, there are a number of reasons to invest in car insurance that goes beyond minimum coverage.

Crashes in Richmond

Car accidents are unfortunately a common occurrence across the country, and Richmond roads are no exception. The Virginia Department of Motor Vehicles notes that there were 128,172 crashes in the state in 2019. These accidents included 65,708 injuries and 827 fatalities.

If you are in an accident without car insurance, not only are you personally liable for damages and injuries, but you can also find yourself in legal trouble. Even if you have insurance, if your total liability is higher than your policy limit, you still have to pay the remainder out of pocket.

Vehicle theft in Richmond

Richmond has a rate of motor vehicle theft more than double the national average. Neighborhoods with higher crime rates, like Monroe Ward and Oakwood, are more likely to have higher car insurance costs as a result. If you live in a high-crime neighborhood, ensure that your car insurance policy covers vehicle theft, so you don’t have to worry as much about your car being stolen.

What is the minimum auto insurance coverage in Richmond?

Since car insurance is required by law, there’s a minimum coverage you must have to be road-ready. In Virginia, drivers must have 25/50/20 coverage, meaning their insurance must provide:

• $25,000 for the bodily injury or death of one person in an accident
• $50,000 for the bodily injury or death of two or more people in an accident
• $20,000 for property damage in an accident

Richmond car insurance FAQ

How much is car insurance in Richmond?

Car insurance in Richmond typically ranges from $600 to $1,000 per year. However, this varies depending on the covered driver and their vehicle.

What is liability insurance for cars?

Liability insurance pays for the other person’s damages if you are at-fault in an accident. These policies do not cover your expenses at all, though.

Who has the cheapest car insurance in Richmond?

There’s no clear answer here because costs vary significantly depending on your personal information. The best way to find the cheapest auto insurance policy for you is to get quotes for state minimum coverage from several Richmond insurance agencies.

What is recommended for car insurance coverage?

The minimum required coverage is not typically recommended, as this may not cover all expenses in a serious accident. A 50/100/50 liability insurance policy typically offers a combination of better coverage and affordable rates, but it’s often smart to pick the most coverage you can afford.

How can I save on car insurance in Richmond?

Most car insurance providers offer discounts for good drivers, good students, safe vehicles and other factors. Ask your agent about any discounts that may apply to your policy.