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.

Virginia Commonwealth University and the University of Richmond bring thousands of young drivers to the Fan District and West End. Experienced drivers who navigate Richmond's downtown street grid and traffic circles earn lower rates.

Seniors in Richmond get the best minimum and full coverage 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. The three insurers maintain consistent pricing for older drivers, valuable in Richmond, where medical liability expenses can raise premiums for seniors.

Adult drivers between 26 and 64 pay the lowest premiums through Travelers, which charges 43% less than the city average. Farm Bureau and Auto-Owners offer strong options for adults with clean driving records. Both carriers offer lower pricing in Richmond, where local road conditions and commuting patterns lead to moderate insurance costs for experienced drivers.

Seniors in Richmond get the best minimum and full coverage 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. The three insurers maintain consistent pricing for older drivers, valuable in Richmond where medical liability expenses can raise premiums for seniors.

High-risk drivers in Richmond can find competitive pricing depending on the violation. Penn National, Farm Bureau and Travelers offer the most budget-friendly premiums for drivers with bad credit, DUIs, accidents or speeding tickets. These insurers' rate structures are more forgiving than other carriers that penalize high-risk profiles.

• 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)

Drivers with bad credit can get the most affordable minimum coverage from Penn National at $90 per month. Full coverage from the insurer averages $200 per month, keeping costs manageable for drivers needing broader financial protection. Penn National's rates are competitive in Richmond, where credit-based pricing widens the gap between low and high-risk drivers.

Drivers with a DUI get the lowest premiums from Farm Bureau at $45 per month, well below most Richmond carriers. Travelers and State Farm provide better-than-average pricing for this violation. Virginia's DUI surcharges are high due to increased accident risk, making these lower-cost options valuable.

Drivers with an at-fault accident pay the cheapest rates through Travelers, with monthly premiums starting at $48. Farm Bureau follows at $50 per month. Both companies apply smaller surcharges for accident history than other Richmond insurers, making them top picks for drivers controlling costs after a recent claim.

Drivers with a speeding ticket get the lowest rates from Travelers, starting at $44 per month for minimum coverage. Auto-Owners and Farm Bureau deliver affordable pricing. Richmond's busy corridors and interstate access make speeding violations common, but these three insurers offer more moderate rate increases than the broader market.

Travelers earned the top ranking in Richmond with a score of 95.17 out of 100. The insurer excels across pricing, customer satisfaction and claims processing metrics. 

Auto-Owners follows with a score of 94.53, known for strong customer service and comprehensive coverage options. Both insurers maintain excellent financial stability ratings and low complaint ratios.

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.

Sample Driver Profile

To calculate Richmond's average rates, we used a baseline driver profile:

• 40-year-old driver
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 annual miles
• Good credit
• Valid license with continuous coverage
• No claims history

We adjusted age, driving record, credit score and military status to find the best insurers for different Richmond driver profiles.

Coverage Levels We Compared

Minimum coverage meets Virginia's legal requirements:

• $30,000 bodily injury liability per person
• $60,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Full coverage adds comprehensive and collision protection to higher liability 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 coverage with $1,000 deductibles

How We Scored Richmond's Best Insurers

Affordability (60%): We compared quotes across multiple driver profiles within Richmond and measured how each insurer's rates stack up against competitors. Premium costs matter most because they determine whether you can maintain coverage long-term.

Customer experience (30%): We reviewed Google ratings, J.D. Power scores, AM Best ratings and Reddit discussions to understand how insurers handle Richmond drivers' claims and service needs. Real customer feedback reveals how companies perform when you need them most.

Coverage options (10%): Insurers earn higher scores for unique offerings and comprehensive coverage selections beyond basic liability. More options increase your chances of finding coverage that fits your needs.