Compare the Cheapest Car Insurance Quotes in Richmond
In Richmond, the average car insurance cost is $1,486 annually, which is 4% more expensive than the state average. Esurance offers the cheapest policy at $1,047 per year. MoneyGeek analyzed the cheapest options based on driving history and coverage amount. We also recommended the top companies for service quality and affordability.
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While MoneyGeek found Esurance to be the cheapest option, the most affordable company for you may differ depending on your elected coverage and profile.
In Richmond, Progressive offers the cheapest state-minimum policy, while Esurance is the most affordable for drivers with speeding tickets on their record. For military families, USAA is the best option. MoneyGeek determined AAA to be the best company overall based on cost and quality of service.
The Cheapest and Best Car Insurance in Richmond
The Cheapest Car Insurance Companies in Richmond
The cheapest options for drivers looking for a full coverage policy in Richmond are:
- Esurance: $1,047 per year
- Progressive: $1,166 per year
For military families, USAA is the second-cheapest option at an average cost of $1,166 per year.
In Richmond, Esurance offers the cheapest policies which cost approximately 84% less than the policies offered by Allied, the most expensive insurer in the state. A full coverage policy includes both comprehensive and collision insurance. Nota that its cost depends on how much liability insurance you purchase.
Cheapest Car Insurance in Richmond
- Company100/300/100per year
MoneyGeek collected average rates for a 40-year-old male driver in Richmond with a full coverage policy, as defined in our methodology.
A full coverage policy costs more than a state-minimum liability coverage policy. Full coverage policies include comprehensive and collision insurance. Although less cost effective each month, full coverage protects you against the out of pocket costs associated with accident-related damage to the vehicles and injured person(s).
- Comprehensive insurance: This insurance pays for the repair or replacement of the vehicle after a non-accident incident, such as vandalism, theft, animal damage or weather-related occurrence.
- Collision insurance: This insurance pays for the repair or replacement of the vehicle after an at-fault accident.
With an older car, it’s recommended to buy liability-only insurance or a minimum coverage policy to get cheaper rates as a full coverage policy may cost you more than the actual value of the car.
Compare Car Insurance Rates in Richmond
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Richmond for Minimum Coverage
A minimum coverage policy is the most cost-effective option for drivers on a budget in Richmond. MoneyGeek found that the following providers offer the most affordable minimum coverage policies:
- Progressive: $463 per year
- GEICO: $472 per year
For military families, USAA is the best option with an average annual cost of $456.
While buying minimum coverage would be the most economical decision, it does not offer comprehensive and collision insurance. Minimum coverage offers low levels of liability coverage, which means you won’t be fully covered in the event of an accident. Toggle the table below to see how prices can change depending on the liability coverage level.
Cheapest Minimum Liability Car Insurance in Richmond
The minimum car insurance requirements in California state that every driver is required to have an auto insurance policy with at least 15/30/5 in liability limits. While this policy will cost less each month, you won’t have full protection and you may end up paying more out of pocket following an accident.
For example, if the medical bills for an at-fault accident total $40,000, the insurance company will only cover up to $30,000. You would have to cover the remaining $10,000 out of pocket.
California Minimum Liability Requirements
- Bodily Injury and Property Damage$15,000 per person, $30,000 per accident and $5,000 for property damage. A more protective level is 100/300/100.
Cheapest Car Insurance in Richmond if You Have Driving Violations
Having driving violations on your record, such as a speeding ticket, an at-fault accident or a DUI, will significantly affect your premium. The most affordable car insurance companies in Richmond for drivers with violations are:
- Cheapest after a speeding ticket: Esurance at $1,328 per year
- Cheapest after an at-fault accident: Esurance at $1,636 per year
- Cheapest after a DUI: Mercury at $2,564 per year
For drivers with a military background and a speeding ticket on their record, USAA is the cheapest option.
If you have violations on your driving record in Richmond, you can get cheaper rates by improving your record overtime. Meanwhile, it’s best to shop around and compare quotes to find the best deal according to your needs.
Cheapest Car Insurance in Richmond With a Violation
Average Cost of Car Insurance in Richmond
The average car insurance rates in Richmond are $1,486 per year, which is higher than the state and national average cost of car insurance. MoneyGeek found that drivers in the city pay approximately 4% more than the average cost in the state and about 4.4% more than the average cost in the country.
Personalized Quotes to Get You the Cheapest Car Insurance in Richmond
MoneyGeek’s research shows that car insurance rates in Richmond are affected by several factors like age, gender, make and model of vehicle, coverage level and ZIP code.
Compare Car Insurance Rates in Richmond
The Best Car Insurance Companies in Richmond
MoneyGeek evaluated the best car insurance in Richmond given the claims ratings, customer satisfaction and average rates. The results show the top-rated auto insurance providers in Richmond are:
- Esurance: MoneyGeek score of 98 out of 100
- AAA: MoneyGeek score of 88.8 out of 100
MoneyGeek identified USAA as the second-best auto insurance company in Richmond because it scored 89.6 out of 100. However, MoneyGeek excluded USAA because only active military personnel and veterans can receive coverage.
Esurance is the best car insurance company in Richmond, with high scores in affordability and satisfaction but lower ratings in claims. A 40-year-old can get full coverage insurance for around $1,047 annually. This insurer offers custom parts coverage.
Esurance is an affordable option for Richmond drivers. CarMatch rental coverage is a unique feature from Esurance that offers a rental car when the insured vehicle is being repaired or has been stolen. The rental car issued will be the same size as the insured vehicle to accommodate the daily needs of the policyholder. Esurance also offers customer parts and equipment coverage that lets you modify the interior and exterior of the vehicle with aftermarket equipment. Policyholders will receive compensation when the installed upgrades are damaged. The insurance cover has a $4,000 limit for upgrades.Read MoneyGeek's Esurance auto Insurance Review
AAA is the second-best auto insurance provider in Richmond. The annual cost for full coverage is $1,415 for a 40-year-old. It scored well in affordability, claims and satisfaction. AAA offers identity theft coverage.
AAA is a very affordable option for Richmond drivers. Car rental reimbursement is a unique feature of AAA that compensates insured drivers when their vehicle is being repaired. This insurance covers the costs of renting a vehicle or expenses for public transport to meet the daily needs of the policyholder. AAA offers roadside assistance when the owner locks themselves out of their vehicle. The policy also covers costs for delivering fuel, battery replacement and replacing flat tires. Drivers with AAA insurance have access to identity theft coverage.Read MoneyGeek's AAA auto Insurance Review
Average Cost of Car Insurance by Postal Code
Some California drivers experience higher car insurance premiums depending on their zip code. Some neighborhoods have higher theft rates, number of accidents and a higher probability of natural disasters. Insurance companies consider these neighborhoods to be risky and they raise car insurance quotes.
MoneyGeek’s data shows that Richmond drivers living in zip code 94804 would pay about $60 less than drivers living in zip code 94801.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Richmond
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Richmond. How Richmond ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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