Car Insurance in Richmond

Travelers offers Richmond's cheapest minimum coverage at $423 yearly, 39% below the city's $707 average. Full coverage costs $840 through Travelers, well below Richmond's $1,277 average. 

Farm Bureau ranks second with full coverage at $818 per year. Auto-Owners offers competitive pricing for Richmond drivers. 

Richmond's insurance market includes national carriers and regional companies like Farm Bureau with Virginia expertise. The city's stable economy and moderate weather compared to coastal Virginia keep comprehensive claims lower than coastal areas.

Young drivers pay the highest insurance costs in Richmond, while adults pay the lowest premiums. Farm Bureau offers young drivers coverage for $911 per year. Adult drivers pay $423 annually with Travelers, saving $488 compared to young drivers. Senior drivers get their best deal from Travelers at $590 per year, 39% more than adult premiums.

Seniors get the best rates from Travelers, starting at $49 per month for basic liability and $95 per month for full coverage. Penn National and Farm Bureau offer affordable alternatives.

Adult drivers between 26 and 64 pay the lowest premiums through Travelers, which charges 43% less than the city average.

Seniors find the best rates from Travelers, starting at $49 per month for basic liability and $95 per month for full coverage.

High-risk drivers in Richmond can find competitive pricing depending on the violation.

• Bad credit: Penn National (from $90 per month)
• DUI: Farm Bureau (from $45 per month)
• Accident: Travelers (from $48 per month)
• Speeding ticket: Travelers (from $44 per month)

If you have bad credit you can get the most affordable minimum coverage from Penn National at $90 per month.

People with a DUI get the lowest premiums from Farm Bureau at $45 per month.

If you have an at-fault accident, you pay the cheapest rates through Travelers, with monthly premiums starting at $48. Farm Bureau follows at $50 per month.

Drivers with a speeding ticket get the lowest rates from Travelers, starting at $44 per month for minimum coverage.

Travelers earned the top ranking in Richmond with a score of 95 out of 100. It offers good customer service and affordable rates.

Car insurance in Richmond costs an average of $59 per month for minimum coverage and $106 for full coverage. Richmond's rates rank among Virginia's lowest, making it an affordable market for drivers.

Travelers' minimum coverage rate of $35 monthly highlights the exceptional value available in Richmond. Your final rate depends on factors like your age, driving history and coverage choices.

Car insurance rates by ZIP code in Richmond range from $54 to $127 per month. ZIP code 23219 is the most expensive, while 23250 is the cheapest. Check the average rates for your ZIP code in the table below.

Car insurance rates in Richmond vary based on your driving record, credit and coverage needs. Farm Bureau and Travelers offer the lowest average premiums in the area, but compare quotes from multiple providers to find your best rate.

Get straightforward answers about finding affordable car insurance in Richmond. We'll help you understand coverage options and save money on your policy.

Richmond drivers deal with confusing street grids, heavy university traffic and interstate commutes that all affect insurance rates. We gathered quotes from major insurers across every Richmond ZIP code to find which companies offer the best value for your specific situation.

Our Research Approach

We collected rate data from the Virginia Bureau of Insurance and Quadrant Information Services, analyzing hundreds of thousands of quotes from 12 insurance companies operating in Richmond. The analysis covered all Richmond ZIP codes to capture neighborhood-specific pricing patterns; rates in the Fan District differ from Short Pump or Church Hill based on local accident and theft data.

Sample Driver Profile

To calculate Richmond's average rates, we used a baseline driver profile: a 40-year-old driving a 2012 Toyota Camry LE with a clean record, 12,000 annual miles, good credit and continuous coverage. This represents a stable driver who qualifies for standard rates before discounts.

We then adjusted age, driving record, credit score and military status to identify which insurers offer the lowest rates for different Richmond situations. A VCU student's rates look different from a Fort Lee service member's, so we tested both scenarios.

Coverage Levels We Compared

Virginia requires minimum liability coverage of $30,000 per person and $60,000 per accident for bodily injury, plus $25,000 for property damage. These limits satisfy legal requirements but may not cover medical bills and vehicle damage after a serious Broad Street collision.

Full coverage includes $100,000/$300,000/$100,000 liability limits plus comprehensive and collision protection with $1,000 deductibles. This protects your Camry's value and provides stronger financial protection if you cause an accident injuring multiple people or damaging expensive vehicles.

How We Scored Richmond's Best Insurers

Affordability drives 60% of our rating because your premium determines whether you can maintain coverage long-term. We compared each insurer's quotes across multiple driver profiles within Richmond and measured how rates stack up against competitors.

Customer experience accounts for 30% based on Google ratings, J.D. Power scores, AM Best ratings and Reddit discussions. Real Richmond customer feedback reveals how insurers handle claims and service needs when you're stuck dealing with an accident on I-64 or Broad Street.

Coverage options make up 10%. Insurers earn higher scores for unique offerings and comprehensive selections beyond basic liability. More options increase your chances of finding coverage that fits your needs, whether that's rideshare protection or gap insurance.