In Richmond, Travelers offers the lowest-cost minimum coverage at $423 annually, while Farm Bureau provides the most affordable full coverage at $818 per year. Other budget-friendly insurers in the city include Auto-Owners, GEICO and Mercury.
Car Insurance in Richmond
Updated: August 10, 2025
Advertising & Editorial Disclosure
Key Takeaways
Richmond's cheapest car insurance companies are Farm Bureau, Travelers and Auto-Owners, with savings up to 40% compared to the city average.
Monthly car insurance costs in Richmond average $106 for full coverage and $59 for minimum coverage.
To get the best cheap auto insurance in Richmond, decide on coverage beforehand and compare quotes from multiple sources.
Who Has the Cheapest Car Insurance in Richmond?
| Farm Bureau | $36 | $68 | -40% |
| Travelers | $35 | $70 | -39% |
| Auto-Owners | $44 | $79 | -28% |
| GEICO | $54 | $101 | -10% |
| Mercury | $59 | $101 | -7% |
Compare the Cheapest Richmond Car Insurance for You
Car insurance rates change based on your driving record, age and other personal details. Check the table below to find the cheapest insurance company for your specific driver profile.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Gender:Female
Select
Coverage Level:100/300/100 Full Cov. w/$1,000 Ded.
Select
Credit Alignment:Good
Select
Driving Record:At Fault Accident ($1000-$1999 Prop Dmg)
| Farm Bureau | $85 | $1,016 | -49% |
| Travelers | $98 | $1,173 | -42% |
| Auto-Owners | $98 | $1,174 | -42% |
| Penn National Insurance | $129 | $1,545 | -23% |
| State Farm | $136 | $1,635 | -19% |
Cheapest Car Insurance by Age Group in Richmond
Car insurance prices depend heavily on age, so we've split drivers into three categories: 16 to 25 (young), 26 to 64 (adults), and 65+ (seniors). Based on our data in Richmond, here's who offers the lowest rate in each group:
- Cheapest car insurance for young drivers: Farm Bureau (from $76 per month)
- Cheapest car insurance for adults: Travelers (from $35 per month)
- Cheapest car insurance for seniors: Travelers (from $49 per month)
Cheapest Car Insurance for Young Drivers in Richmond
Farm Bureau and Travelers provide the most affordable car insurance for young drivers in Richmond, with monthly rates starting at $76 and $80, respectively.
Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
Select
Driving Record:Clean
| Farm Bureau | $76 | $911 | -52% |
| Travelers | $80 | $960 | -49% |
| Auto Owners | $97 | $1,160 | -39% |
| Erie Insurance | $105 | $1,255 | -34% |
| Geico | $111 | $1,338 | -29% |
Cheapest Car Insurance for Adult Drivers in Richmond
In Richmond, Travelers provides the lowest rates for adult drivers (26 to 64), saving drivers around 43% on average. Farm Bureau and Auto-Owners are also among the top affordable providers for this age group.
Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
Select
Driving Record:Clean
| Travelers | $35 | $423 | -43% |
| Farm Bureau | $36 | $427 | -42% |
| Auto-Owners | $44 | $526 | -29% |
| Penn National Insurance | $51 | $611 | -17% |
| State Farm | $51 | $613 | -17% |
Cheapest Car Insurance for Senior Drivers in Richmond
For seniors aged 65+ in Richmond, Travelers offers the most affordable car insurance options. Its minimum coverage costs $49 per month or $590 annually, while its full coverage runs $95 monthly or $1,137 per year.
Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
Select
Driving Record:Clean
| Travelers | $49 | $590 | -44% |
| Penn National Insurance | $63 | $753 | -29% |
| Farm Bureau | $64 | $772 | -27% |
| State Farm | $67 | $800 | -25% |
| Auto-Owners | $71 | $848 | -20% |
Cheapest Car Insurance for High-Risk Drivers in Richmond
If you're a high-risk driver in Richmond, these insurance companies offer the most affordable rates based on your situation:
- Cheapest for Bad Credit: Penn National (from $90 per month)
- Cheapest With a DUI: Farm Bureau (from $45 per month)
- Cheapest With an Accident: Travelers (from $48 per month)
- Cheapest With a Speeding Ticket: Travelers (from $44 per month)
Cheapest Car Insurance for Bad Credit in Richmond
In Richmond, drivers with bad credit can find affordable car insurance starting at $90 monthly for minimum coverage from Penn National. Â Penn National also offers the cheapest full coverage at $200 per month for those wanting more protection.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Driving Record:Clean
| Penn National Insurance | $90 | $1,074 | -37% |
| Auto-Owners | $99 | $1,185 | -31% |
| Erie Insurance | $103 | $1,233 | -28% |
| Farm Bureau | $109 | $1,313 | -23% |
| GEICO | $111 | $1,336 | -22% |
Cheapest Car Insurance With a DUI in Richmond
Farm Bureau offers the most affordable car insurance in Richmond for drivers with a DUI. Compared to typical city rates, you can save up to 63% on minimum coverage and 51% on full coverage.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
| Farm Bureau | $45 | $535 | -63% |
| Travelers | $52 | $618 | -57% |
| State Farm | $55 | $664 | -54% |
| Auto-Owners | $75 | $899 | -38% |
| Allstate | $97 | $1,167 | -19% |
Cheapest Car Insurance With an Accident in Richmond
Drivers in Richmond with an accident record can find the lowest rates with Travelers, starting at $48 per month; 50% less than the city's average premium.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
| Travelers | $48 | $571 | -50% |
| Farm Bureau | $50 | $604 | -47% |
| State Farm | $60 | $724 | -37% |
| Auto-Owners | $61 | $727 | -36% |
| Penn National Insurance | $68 | $815 | -29% |
Cheapest Car Insurance With a Speeding Ticket in Richmond
For Richmond drivers with speeding tickets, Travelers offers the cheapest car insurance options. Their minimum liability coverage costs about $44 per month, while full coverage with higher liability limits and comprehensive/collision protection runs around $96 monthly.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
| Travelers | $44 | $525 | -44% |
| Auto-Owners | $48 | $581 | -38% |
| Farm Bureau | $53 | $638 | -32% |
| State Farm | $55 | $664 | -29% |
| Penn National Insurance | $59 | $712 | -24% |
Best Car Insurance Companies in Richmond
Richmond's top car insurance companies are Travelers, Auto-Owners, Erie Insurance and Farm Bureau. These providers stand out for offering competitive rates, quality customer service and comprehensive coverage options.
| Travelers | 95 | 2 | 3 | 5 |
| Auto-Owners | 95 | 3 | 1 | 7 |
| Erie Insurance | 90 | 7 | 2 | 3 |
| Farm Bureau | 89 | 1 | 5 | 9 |
| Mercury | 84 | 5 | 7 | 6 |
Travelers: Best Overall Value
pros
Strong customer service scores
Competitive rates for most drivers
Multiple coverage customization options
cons
Limited coverage add-ons
Higher rates for older vehicles
COMPANY HIGHLIGHTS
Travelers ranks as Richmond's top car insurance provider, earning high marks across affordability and customer satisfaction. The company offers rates well below the city average, making it particularly affordable for newer vehicles and senior drivers. Customer feedback shows quick claims processing and responsive service, while coverage options let you customize your policy to your needs.
Auto-Owners: Best Customer Service
pros
Top-rated customer satisfaction
Fast claims processing
Excellent discount selection
cons
Limited online tools
Fewer coverage options
COMPANY HIGHLIGHTS
Auto-Owners earns Richmond's highest customer experience rating, showing exceptional service quality. The company excels with personalized support through local agents and efficient claims handling. It offers particularly good rates for drivers with older cars and those with speeding tickets. While digital tools are limited, the company's focus on personal service creates a smoother insurance experience.
How Much Is Car Insurance in Richmond?
In Richmond, minimum coverage costs $59 per month or $707 per year, ranking 838th out of all Virginia cities for affordability. Full coverage averages $106 monthly or $1,277 annually, ranking 559th among Virginia cities.
| Full Coverage | $106 | $1,277 |
| Minimum Coverage | $59 | $707 |
Compare Personalized Richmond Car Insurance Costs
While earlier breakdowns show average rates, this table lets you filter Richmond car insurance costs based on your specific age, driving record and other personal factors.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Gender:Female
Select
Coverage Level:100/300/100 Full Cov. w/$1,000 Ded.
Select
Credit Alignment:Good
Select
Driving Record:At Fault Accident ($1000-$1999 Prop Dmg)
| $168 | $2,011 | 14% |
Richmond Car Insurance Costs by ZIP Code
In Richmond, car insurance rates by ZIP code 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 on the table below.
Data filtered by:Results filtered by:
Select
ZIP Code:23219
| 23219 | $76 | $127 |
How to Get the Best Cheap Richmond Car Insurance
Richmond drivers face some of Virginia's highest car insurance rates, and sorting through coverage options can feel overwhelming. Our step-by-step guide will show you how to find affordable coverage that fits your needs and budget.
- 1
Calculate your coverage needs first
Start by determining exactly how much coverage you need for your Richmond commute. Use our car insurance coverage needs calculator to evaluate your situation. Consider your car's value, your assets and your typical driving patterns to pick the right coverage levels.
- 2
Explore different coverage types
Look into various types of car insurance that could save you money. If you drive less than average, consider pay-per-mile insurance. Don't own a car? A non-owner policy might be your best option.
- 3
Know Richmond's average rates
Research average vehicle insurance costs in Richmond to set realistic expectations. This knowledge helps you recognize good deals and avoid overpaying. Compare rates across different ZIP codes in the Richmond area.
- 4
Stack up available discounts
Maximize your savings with multiple car insurance discount options. Consider bundling multiple policies or getting multi-car discounts. Look into safe driver programs and defensive driving courses.
- 5
Check insurer reliability ratings
Research each insurance company's customer service record and claims satisfaction ratings. Look for insurers with strong financial stability and positive reviews from Richmond drivers. Check how quickly they process claims and their local presence.
- 6
Get quotes from multiple providers
Contact at least three different insurance providers for quotes. Use local agents, online tools and direct carrier websites. Each company uses different factors to set rates, so comparing multiple quotes helps you find the best deal.
- 7
Review your policy yearly
Mark your calendar to review your car insurance policy annually. Life changes like moving within Richmond, getting married, or buying a new car can affect your rates. Regular reviews ensure you maintain the best coverage at the lowest price.
Cheapest Car Insurance in Richmond: Bottom Line
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.
Cheap Richmond Car Insurance: FAQ
Get straightforward answers about finding affordable car insurance in Richmond. We'll help you understand coverage options and save money on your policy.
What is the cheapest car insurance company in Richmond, Virginia?
Travelers offers the lowest rates in Richmond at $423 for minimum coverage, while Farm Bureau offers full coverage at $818. Compare quotes as rates vary based on personal factors.
Who offers the best car insurance in Richmond?
Travelers leads Richmond's car insurance providers with a MoneyGeek score of 95 out of 100, scoring one point above Auto-Owners. Travelers combines excellent customer service with competitive rates.
What is the average cost of car insurance in Richmond?
In Richmond, drivers pay $1,277 per year for full coverage and $707 for minimum coverage auto insurance. Your actual rates will vary based on individual factors.
Is car insurance in Richmond expensive?
Car insurance in Richmond costs more than average, ranking 838th for minimum coverage affordability and 559th for full coverage compared to other Virginia cities.
How We Chose the Best and Cheapest Car Insurance in Richmond, VA
To help Richmond drivers find the most affordable auto insurance companies, MoneyGeek analyzed Richmond auto insurance rates based on data and information from the Virginia Bureau of Insurance and Quadrant Information Services. We studied all ZIP codes in Richmond and hundreds of thousands of quotes for 12 companies offering auto insurance in Virginia to tailor options as closely as possible to you.
Richmond Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages in Richmond with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
- Good credit
- Valid license
- Currently insured
- No claims history
Certain factors, such as age, driving record, credit score and military affiliation, were adjusted to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Richmond
MoneyGeek compared the most affordable insurance providers for both minimum and full coverage auto insurance policies.
The minimum coverage requirements in Virginia are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
Our Best Company Rating Methodology
We rated all companies in Richmond based on the following rating scale:
- Affordability (60% of score): We evaluated quotes for various common driver profiles and compared rates to competition within the city to get this score.
- Customer Experience (30% of Score): Sources like agency reviews on Google, J.D. Power, AM Best and forums like Reddit were used to gauge customer sentiment and experiences across the board to get this score.
- Coverage Options (10% of Score): This score takes into account the amount of coverage options a provider has in addition to the uniqueness of offering and included benefits.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.