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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Last Updated: 5/16/2022
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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.

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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
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    Esurance
    $1,047
  • 2.
    USAA
    $1,166
  • 3.
    Progressive
    $1,166
  • 4.
    GEICO
    $1,225
  • 5.
    MetLife
    $1,401
  • 6.
    CSAA
    $1,415
  • 7.
    Allstate
    $1,428
  • 8.
    Mercury
    $1,559
  • 9.
    State Farm
    $1,579
  • 10.
    Farmers
    $1,621
  • 11.
    Hartford
    $1,675
  • 12.
    Travelers
    $1,793
  • 13.
    Allied
    $1,926

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.

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Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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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
State Minimum

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

  • Item
    Description
  • 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
Speeding Ticket

Average Cost of Car Insurance in Richmond

Richmond$1,486
California$1,429
U.S.$1,424

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

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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The Best Car Insurance Companies in Richmond

For California drivers, MoneyGeek ranked the top companies for affordability and quality service:

  • AAA: MoneyGeek score of 90 out of 100
  • GEICO: MoneyGeek score of 90 out of 100

Although USAA received the highest score in this analysis, it was not included in this ranking since its policies are only available to current and former military families.

MoneyGeek used J.D. Power’s user satisfaction, affordability and financial stability scores to rank these companies.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
Auto Club of Southern California Insurance Group
Score:90

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

3
GEICO
Score:90

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
Wawanesa
Score:87.5

5/5

Affordability

4/5

Claims Ratings

4/5

User Satisfaction

A-

Financial Stability

5
State Farm
Score:87.5

3/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

6
Ameriprise
Score:85

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

7
Hartford
Score:85

3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

8
Progressive
Score:82.5

4/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

9
Allstate
Score:82.5

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

10
Safeco
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

11
CSAA
Score:77.5

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

12
Liberty Mutual
Score:77.5

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

13
Farmers
Score:77.5

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

14
Mercury
Score:77.5

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

15
Nationwide
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

16
Kemper
Score:70

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

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 Code
    State Minimumper year
  • 94804
    $1,456
  • 94801
    $1,516

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.

accident2 icon
Most Accidents With Fatalities214th/300
handcuffs2 icon
Most Car Thefts262nd/300
uninsured icon
Most Uninsured Motorists by State12th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall194th/300
umbrella icon
Most Rainy Days211th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Richmond are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.