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Your driving profile, age and coverage requirements will determine the best car insurance company for you. In Richmond, American Family has the cheapest minimum and full coverage car insurance. Auto-Owners Insurance offers the lowest rates after a speeding ticket or at-fault accident, and State Farm is the cheapest for drivers with DUIs. Nationwide is the cheapest for teens and USAA for veterans. Cincinnati Insurance offers excellent customer service and is the best overall.

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2023

Cheapest and Best Car Insurance in Richmond, VA

Cheapest Minimum Liability Car Insurance in Richmond

Based on MoneyGeek's analysis, the following providers offer the most affordable minimum coverage car insurance in Richmond:

  • American Family: $257 per year
  • Mercury: $292 per year

Kemper is the city’s most expensive minimum coverage insurance company, with a yearly cost of approximately $1,369 as of October 2022. American Family also offers the most affordable car insurance in Virginia, with an average yearly cost of $243 throughout the state. This cost is lower than the insurer’s rates in Richmond, demonstrating how premiums can vary depending on location.

Company
Annual Premium
Monthly Premium

American Family

$257

$21

Mercury

$292

$24

Mercury

$307

$26

American Family

$315

$26

State Farm

$348

$29

American Family

$359

$30

State Farm

$367

$31

Virginia Farm Bureau

$379

$32

Virginia Farm Bureau

$386

$32

Auto-Owners Insurance Co

$390

$33

Cincinnati Insurance

$399

$33

Mercury

$421

$35

Cincinnati Insurance

$424

$35

Auto-Owners Insurance Co

$438

$37

State Farm

$441

$37

Nationwide

$443

$37

Travelers

$453

$38

Nationwide

$456

$38

Erie

$470

$39

Erie

$471

$39

Virginia Farm Bureau

$471

$39

Travelers

$478

$40

Auto-Owners Insurance Co

$492

$41

Travelers

$507

$42

Allstate

$524

$44

Allstate

$545

$45

Nationwide

$564

$47

Allstate

$593

$49

Erie

$597

$50

American Family

$632

$53

GEICO

$645

$54

GEICO

$687

$57

GEICO

$737

$61

American Family

$748

$62

Progressive

$761

$63

Nationwide

$765

$64

Progressive

$773

$64

State Farm

$773

$64

Auto-Owners Insurance Co

$777

$65

Cincinnati Insurance

$788

$66

Cincinnati Insurance

$812

$68

Nationwide

$819

$68

Auto-Owners Insurance Co

$821

$68

Mercury

$826

$69

State Farm

$834

$69

National General

$836

$70

National General

$837

$70

Virginia Farm Bureau

$842

$70

Mercury

$864

$72

American Family

$870

$73

Progressive

$894

$74

Cincinnati Insurance

$899

$75

Erie

$910

$76

Erie

$918

$77

Virginia Farm Bureau

$923

$77

Travelers

$926

$77

Virginia Farm Bureau

$927

$77

Travelers

$929

$77

Nationwide

$981

$82

State Farm

$1,041

$87

Allstate

$1,047

$87

Auto-Owners Insurance Co

$1,062

$89

National General

$1,071

$89

Travelers

$1,083

$90

Allstate

$1,101

$92

Allstate

$1,107

$92

Erie

$1,170

$98

Progressive

$1,179

$98

Progressive

$1,192

$99

Mercury

$1,202

$100

GEICO

$1,310

$109

GEICO

$1,314

$110

Kemper

$1,369

$114

Kemper

$1,434

$119

Progressive

$1,436

$120

GEICO

$1,525

$127

Kemper

$1,546

$129

Cincinnati Insurance

$1,685

$140

National General

$1,721

$143

National General

$1,840

$153

National General

$2,234

$186

Kemper

$2,381

$198

Kemper

$2,440

$203

Kemper

$2,754

$229

In Virginia, drivers must have minimum coverage insurance for bodily injury, property damage and uninsured/underinsured motorists. The coverage limits are as follows:

  • $25,000 bodily injury liability coverage per person
  • $50,000 bodily injury liability coverage per accident
  • $20,000 property damage liability coverage per accident
  • $25,000 uninsured/underinsured motorist coverage per person
  • $50,000 uninsured/underinsured motorist coverage per accident
  • $20,000 uninsured/underinsured motorist property damage coverage per accident

Bodily injury liability insurance covers costs related to injuries sustained by other individuals in an accident that you caused. For instance, if your bodily injury liability limit is $25,000 per person, your insurance company will cover damages to the other party involved up to that amount. However, damages exceeding this limit will be your responsibility.

Cheapest Full Coverage Car Insurance in Richmond

For those seeking full coverage insurance, the most affordable options in Richmond are:

  • American Family: $632 per year
  • Auto-Owners Insurance: $777 per year

Kemper's policies are the most expensive in the city, at approximately $2,381 per year as of October 2022. American Family also provides the cheapest full coverage car insurance in Virginia, with an average cost of $601 per year. The company’s rates across the state are lower than its rates in Richmond, highlighting the impact of location on car insurance premiums.

Company
Annual Premium
Monthly Premium

American Family

$257

$21

Mercury

$292

$24

Mercury

$307

$26

American Family

$315

$26

State Farm

$348

$29

American Family

$359

$30

State Farm

$367

$31

Virginia Farm Bureau

$379

$32

Virginia Farm Bureau

$386

$32

Auto-Owners Insurance Co

$390

$33

Cincinnati Insurance

$399

$33

Mercury

$421

$35

Cincinnati Insurance

$424

$35

Auto-Owners Insurance Co

$438

$37

State Farm

$441

$37

Nationwide

$443

$37

Travelers

$453

$38

Nationwide

$456

$38

Erie

$470

$39

Erie

$471

$39

Virginia Farm Bureau

$471

$39

Travelers

$478

$40

Auto-Owners Insurance Co

$492

$41

Travelers

$507

$42

Allstate

$524

$44

Allstate

$545

$45

Nationwide

$564

$47

Allstate

$593

$49

Erie

$597

$50

American Family

$632

$53

GEICO

$645

$54

GEICO

$687

$57

GEICO

$737

$61

American Family

$748

$62

Progressive

$761

$63

Nationwide

$765

$64

Progressive

$773

$64

State Farm

$773

$64

Auto-Owners Insurance Co

$777

$65

Cincinnati Insurance

$788

$66

Cincinnati Insurance

$812

$68

Nationwide

$819

$68

Auto-Owners Insurance Co

$821

$68

Mercury

$826

$69

State Farm

$834

$69

National General

$836

$70

National General

$837

$70

Virginia Farm Bureau

$842

$70

Mercury

$864

$72

American Family

$870

$73

Progressive

$894

$74

Cincinnati Insurance

$899

$75

Erie

$910

$76

Erie

$918

$77

Virginia Farm Bureau

$923

$77

Travelers

$926

$77

Virginia Farm Bureau

$927

$77

Travelers

$929

$77

Nationwide

$981

$82

State Farm

$1,041

$87

Allstate

$1,047

$87

Auto-Owners Insurance Co

$1,062

$89

National General

$1,071

$89

Travelers

$1,083

$90

Allstate

$1,101

$92

Allstate

$1,107

$92

Erie

$1,170

$98

Progressive

$1,179

$98

Progressive

$1,192

$99

Mercury

$1,202

$100

GEICO

$1,310

$109

GEICO

$1,314

$110

Kemper

$1,369

$114

Kemper

$1,434

$119

Progressive

$1,436

$120

GEICO

$1,525

$127

Kemper

$1,546

$129

Cincinnati Insurance

$1,685

$140

National General

$1,721

$143

National General

$1,840

$153

National General

$2,234

$186

Kemper

$2,381

$198

Kemper

$2,440

$203

Kemper

$2,754

$229

Full coverage auto insurance policies offer more extensive protection than minimum coverage policies. They include collision and comprehensive coverage on top of meeting state-required liability limits.

  • Collision Coverage: Pays to repair or replace your car in case of a covered collision with another object or vehicle.
  • Comprehensive Coverage: Pays for damages to your car resulting from events other than collisions, such as theft, vandalism or natural disasters.

MoneyGeek recommends that new vehicle drivers get full insurance coverage to protect their investments. However, a full coverage policy may not be cost-effective if you have an older or low-value car.

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Cheapest Car Insurance in Richmond After a Driving Offense

MoneyGeek’s study shows that the following car insurance providers offer the most affordable rates in Richmond after a driving offense:

  • Speeding Ticket: Auto-Owners Insurance ($864 per year)
  • At-Fault Accident: Auto-Owners Insurance ($777 per year)
  • DUI: State Farm ($918 per year)

The highest premiums come from National General ($3,506 per year after a speeding ticket), Kemper ($3,562 per year after an at-fault accident) and GEICO ($3,146 per year after a DUI).

Even the most affordable insurance provider will typically charge drivers with violations higher rates.

Company
Annual Premium
Monthly Premium

American Family

$349

$29

American Family

$358

$30

State Farm

$388

$32

State Farm

$388

$32

Auto-Owners Insurance Co

$390

$33

State Farm

$410

$34

State Farm

$410

$34

State Farm

$425

$35

Auto-Owners Insurance Co

$433

$36

Auto-Owners Insurance Co

$438

$37

Mercury

$439

$37

American Family

$445

$37

State Farm

$449

$37

American Family

$449

$37

Mercury

$455

$38

Cincinnati Insurance

$460

$38

Mercury

$463

$39

Mercury

$481

$40

Virginia Farm Bureau

$484

$40

Cincinnati Insurance

$484

$40

Auto-Owners Insurance Co

$486

$41

American Family

$490

$41

Auto-Owners Insurance Co

$492

$41

State Farm

$494

$41

State Farm

$494

$41

Virginia Farm Bureau

$496

$41

American Family

$516

$43

American Family

$520

$43

Cincinnati Insurance

$539

$45

State Farm

$540

$45

Virginia Farm Bureau

$543

$45

Erie

$543

$45

Erie

$546

$46

Auto-Owners Insurance Co

$552

$46

Virginia Farm Bureau

$555

$46

Nationwide

$558

$47

Cincinnati Insurance

$563

$47

Virginia Farm Bureau

$573

$48

Nationwide

$573

$48

Virginia Farm Bureau

$588

$49

Travelers

$592

$49

Virginia Farm Bureau

$602

$50

Travelers

$623

$52

Travelers

$629

$52

Mercury

$635

$53

American Family

$647

$54

Mercury

$655

$55

Mercury

$659

$55

Travelers

$660

$55

Nationwide

$661

$55

Travelers

$670

$56

Nationwide

$678

$57

Virginia Farm Bureau

$679

$57

Auto-Owners Insurance Co

$680

$57

Allstate

$689

$57

Mercury

$693

$58

Nationwide

$693

$58

Erie

$694

$58

Erie

$695

$58

Erie

$701

$58

Travelers

$712

$59

Allstate

$718

$60

Travelers

$719

$60

Virginia Farm Bureau

$719

$60

American Family

$753

$63

Travelers

$754

$63

GEICO

$755

$63

Auto-Owners Insurance Co

$761

$63

Auto-Owners Insurance Co

$777

$65

Allstate

$779

$65

Allstate

$783

$65

Nationwide

$789

$66

GEICO

$805

$67

Nationwide

$807

$67

Allstate

$812

$68

Travelers

$814

$68

Auto-Owners Insurance Co

$821

$68

Nationwide

$822

$69

GEICO

$841

$70

State Farm

$852

$71

State Farm

$852

$71

Erie

$853

$71

Erie

$857

$71

Auto-Owners Insurance Co

$864

$72

American Family

$877

$73

Allstate

$885

$74

Auto-Owners Insurance Co

$890

$74

Erie

$895

$75

Auto-Owners Insurance Co

$915

$76

Cincinnati Insurance

$916

$76

State Farm

$918

$76

State Farm

$918

$76

State Farm

$920

$77

American Family

$921

$77

Allstate

$939

$78

Cincinnati Insurance

$944

$79

Nationwide

$950

$79

Mercury

$955

$80

Nationwide

$960

$80

GEICO

$965

$80

Allstate

$980

$82

State Farm

$991

$83

Progressive

$1,014

$85

Nationwide

$1,020

$85

GEICO

$1,040

$87

Erie

$1,044

$87

Cincinnati Insurance

$1,046

$87

Progressive

$1,046

$87

Erie

$1,054

$88

GEICO

$1,056

$88

Auto-Owners Insurance Co

$1,062

$89

Allstate

$1,073

$89

Cincinnati Insurance

$1,081

$90

American Family

$1,089

$91

Virginia Farm Bureau

$1,096

$91

Erie

$1,097

$91

Progressive

$1,100

$92

American Family

$1,101

$92

Cincinnati Insurance

$1,110

$92

Nationwide

$1,125

$94

National General

$1,129

$94

Virginia Farm Bureau

$1,140

$95

Progressive

$1,144

$95

State Farm

$1,151

$96

State Farm

$1,151

$96

Cincinnati Insurance

$1,159

$97

Progressive

$1,169

$97

Mercury

$1,185

$99

Progressive

$1,187

$99

Auto-Owners Insurance Co

$1,190

$99

Nationwide

$1,194

$100

American Family

$1,195

$100

Nationwide

$1,198

$100

Progressive

$1,202

$100

Virginia Farm Bureau

$1,209

$101

Virginia Farm Bureau

$1,209

$101

Virginia Farm Bureau

$1,214

$101

Cincinnati Insurance

$1,225

$102

Mercury

$1,226

$102

Cincinnati Insurance

$1,233

$103

State Farm

$1,246

$104

Mercury

$1,253

$104

National General

$1,278

$107

American Family

$1,297

$108

Mercury

$1,298

$108

Travelers

$1,299

$108

Virginia Farm Bureau

$1,311

$109

American Family

$1,325

$110

Progressive

$1,326

$111

Virginia Farm Bureau

$1,327

$111

Erie

$1,327

$111

Erie

$1,335

$111

Nationwide

$1,344

$112

Erie

$1,345

$112

Auto-Owners Insurance Co

$1,357

$113

Progressive

$1,359

$113

Travelers

$1,361

$113

Allstate

$1,363

$114

Travelers

$1,377

$115

National General

$1,404

$117

Nationwide

$1,409

$117

Nationwide

$1,414

$118

Travelers

$1,417

$118

Virginia Farm Bureau

$1,433

$119

Kemper

$1,435

$120

Allstate

$1,436

$120

Auto-Owners Insurance Co

$1,444

$120

Travelers

$1,445

$120

Allstate

$1,449

$121

Virginia Farm Bureau

$1,467

$122

Travelers

$1,484

$124

GEICO

$1,495

$125

Travelers

$1,499

$125

Kemper

$1,502

$125

Allstate

$1,530

$128

GEICO

$1,575

$131

GEICO

$1,582

$132

Travelers

$1,589

$132

American Family

$1,594

$133

GEICO

$1,597

$133

Erie

$1,607

$134

Allstate

$1,613

$134

Erie

$1,616

$135

Kemper

$1,620

$135

Progressive

$1,624

$135

Nationwide

$1,628

$136

Allstate

$1,629

$136

Travelers

$1,632

$136

Progressive

$1,636

$136

Erie

$1,711

$143

Mercury

$1,718

$143

Progressive

$1,720

$143

Progressive

$1,745

$145

National General

$1,750

$146

National General

$1,750

$146

GEICO

$1,756

$146

Kemper

$1,759

$147

Mercury

$1,760

$147

GEICO

$1,768

$147

Mercury

$1,813

$151

Mercury

$1,816

$151

Allstate

$1,823

$152

American Family

$1,874

$156

Progressive

$1,901

$158

Kemper

$1,903

$159

Progressive

$1,903

$159

Auto-Owners Insurance Co

$1,914

$159

Allstate

$1,921

$160

Progressive

$1,932

$161

Allstate

$1,956

$163

Cincinnati Insurance

$1,968

$164

Kemper

$1,988

$166

GEICO

$2,013

$168

Kemper

$2,019

$168

GEICO

$2,069

$172

Erie

$2,073

$173

Progressive

$2,077

$173

National General

$2,096

$175

National General

$2,096

$175

National General

$2,136

$178

National General

$2,136

$178

GEICO

$2,159

$180

Kemper

$2,186

$182

Progressive

$2,222

$185

Kemper

$2,285

$190

Cincinnati Insurance

$2,333

$194

Cincinnati Insurance

$2,413

$201

Cincinnati Insurance

$2,464

$205

National General

$2,464

$205

Kemper

$2,497

$208

Mercury

$2,551

$213

Kemper

$2,559

$213

Cincinnati Insurance

$2,752

$229

Kemper

$2,888

$241

National General

$2,969

$247

Kemper

$3,024

$252

National General

$3,096

$258

GEICO

$3,099

$258

GEICO

$3,146

$262

Kemper

$3,179

$265

GEICO

$3,334

$278

Kemper

$3,506

$292

National General

$3,506

$292

National General

$3,506

$292

Kemper

$3,562

$297

Kemper

$3,734

$311

Kemper

$4,141

$345

National General

$4,263

$355

National General

$4,263

$355

National General

$4,350

$363

National General

$4,350

$363

Cincinnati Insurance

$5,286

$441

After a violation, your premium will increase relative to the violation’s severity. In Richmond, your car insurance will cost an average of $455 more after a speeding ticket and $749 more after a DUI. To find affordable car insurance options with a bad driving record, shop around and compare quotes from different providers.

Cheapest Car Insurance in Richmond for Teens and Their Families

The following car insurance providers offer the most affordable premiums in Richmond for families adding a teen to their policy:

  • Nationwide: $1,267 per year for female teens and $1,409 per year for male teens
  • Auto-Owners Insurance: $2,342 per year for male teens
  • State Farm: $1,860 per year for female teens

Kemper is the most expensive option for teen drivers in the city, with annual rates of approximately $8,557 for females and $10,662 for male teens. Insurance companies typically view male teenage drivers as a higher risk and charge them higher premiums. However, this gender gap tends to decrease by early adulthood.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

Nationwide

$808

$1,492

Nationwide

$819

$1,591

Nationwide

$846

$1,983

Travelers

$883

$1,736

Nationwide

$885

$2,215

Nationwide

$902

$1,667

Nationwide

$917

$1,862

Nationwide

$947

$1,839

Nationwide

$952

$1,759

Travelers

$956

$1,813

Nationwide

$957

$2,066

State Farm

$993

$1,601

Travelers

$999

$1,965

Nationwide

$1,001

$1,944

Travelers

$1,006

$2,176

Travelers

$1,035

$2,035

Travelers

$1,104

$2,094

State Farm

$1,106

$1,783

Allstate

$1,124

$1,955

Travelers

$1,137

$2,377

Allstate

$1,139

$1,935

Travelers

$1,142

$2,498

State Farm

$1,143

$1,803

Nationwide

$1,157

$3,293

State Farm

$1,160

$2,154

Auto-Owners Insurance Co

$1,166

$3,103

Auto-Owners Insurance Co

$1,169

$2,938

Travelers

$1,190

$2,257

Nationwide

$1,196

$3,852

State Farm

$1,205

$1,943

Nationwide

$1,221

$2,862

Allstate

$1,232

$2,250

State Farm

$1,235

$2,333

Auto-Owners Insurance Co

$1,235

$3,287

Allstate

$1,252

$2,178

Allstate

$1,258

$2,189

Nationwide

$1,267

$4,235

Auto-Owners Insurance Co

$1,273

$3,199

Nationwide

$1,278

$4,029

Auto-Owners Insurance Co

$1,288

$3,801

State Farm

$1,289

$2,033

Nationwide

$1,289

$4,150

Auto-Owners Insurance Co

$1,323

$3,520

Allstate

$1,327

$2,373

Nationwide

$1,333

$4,663

Travelers

$1,336

$2,786

Travelers

$1,337

$2,795

Nationwide

$1,338

$3,348

Travelers

$1,343

$3,255

Auto-Owners Insurance Co

$1,352

$3,935

State Farm

$1,364

$2,532

Allstate

$1,367

$2,504

Auto-Owners Insurance Co

$1,401

$3,520

Nationwide

$1,409

$5,114

State Farm

$1,415

$3,014

State Farm

$1,416

$2,674

State Farm

$1,419

$2,238

Auto-Owners Insurance Co

$1,420

$4,492

Allstate

$1,424

$2,418

Allstate

$1,429

$2,427

Nationwide

$1,433

$5,016

Allstate

$1,469

$2,642

Auto-Owners Insurance Co

$1,483

$4,075

State Farm

$1,515

$2,811

Progressive

$1,530

$2,256

Travelers

$1,531

$4,063

Travelers

$1,592

$3,319

Progressive

$1,592

$2,343

Travelers

$1,606

$3,940

Auto-Owners Insurance Co

$1,615

$4,436

State Farm

$1,621

$3,448

Auto-Owners Insurance Co

$1,629

$4,910

Auto-Owners Insurance Co

$1,666

$5,271

Auto-Owners Insurance Co

$1,679

$6,171

Allstate

$1,682

$3,507

Allstate

$1,758

$3,144

State Farm

$1,775

$3,770

State Farm

$1,778

$3,298

Progressive

$1,829

$2,693

Progressive

$1,849

$2,726

State Farm

$1,852

$3,937

State Farm

$1,860

$4,481

Auto-Owners Insurance Co

$1,863

$5,461

Allstate

$1,867

$3,912

Progressive

$1,882

$3,103

Travelers

$1,893

$5,010

Progressive

$1,894

$3,148

Travelers

$1,900

$5,043

GEICO

$1,940

$3,806

Allstate

$1,944

$3,949

Allstate

$1,957

$3,519

GEICO

$1,975

$3,638

Travelers

$1,988

$6,724

GEICO

$1,996

$2,778

Progressive

$2,000

$2,944

Auto-Owners Insurance Co

$2,023

$6,349

Auto-Owners Insurance Co

$2,041

$5,981

GEICO

$2,049

$2,673

GEICO

$2,054

$2,859

State Farm

$2,054

$4,310

Progressive

$2,063

$3,042

GEICO

$2,087

$2,723

Auto-Owners Insurance Co

$2,107

$7,212

Progressive

$2,111

$3,362

Allstate

$2,156

$4,424

GEICO

$2,161

$3,008

GEICO

$2,162

$3,392

GEICO

$2,215

$3,264

GEICO

$2,219

$2,894

Progressive

$2,278

$3,583

Allstate

$2,285

$4,642

Auto-Owners Insurance Co

$2,331

$7,978

Auto-Owners Insurance Co

$2,342

$8,854

State Farm

$2,347

$4,924

State Farm

$2,357

$5,604

Progressive

$2,375

$3,782

Progressive

$2,380

$4,226

Travelers

$2,393

$6,332

GEICO

$2,452

$5,613

Allstate

$2,510

$6,709

Travelers

$2,518

$8,653

Allstate

$2,535

$5,202

GEICO

$2,554

$5,011

GEICO

$2,555

$5,505

GEICO

$2,582

$7,287

Progressive

$2,677

$4,769

GEICO

$2,701

$7,056

GEICO

$2,703

$4,980

Progressive

$2,723

$4,284

Kemper

$2,761

$3,366

Allstate

$2,783

$7,509

Progressive

$2,818

$9,823

GEICO

$2,997

$8,461

Progressive

$3,128

$10,998

GEICO

$3,145

$10,882

GEICO

$3,197

$8,350

Kemper

$3,245

$3,779

Progressive

$3,245

$12,517

Kemper

$3,263

$4,348

Kemper

$3,308

$4,032

Progressive

$3,328

$11,602

GEICO

$3,350

$10,845

Kemper

$3,417

$4,166

Progressive

$3,564

$13,799

Progressive

$3,640

$12,798

Kemper

$4,022

$4,684

Kemper

$4,036

$5,378

Kemper

$4,213

$4,835

Kemper

$4,260

$4,961

Kemper

$5,076

$5,826

Kemper

$5,157

$7,095

Kemper

$5,230

$5,984

Kemper

$5,999

$8,621

Kemper

$6,286

$7,192

Kemper

$6,393

$8,768

Kemper

$7,471

$10,679

Kemper

$7,638

$10,976

Kemper

$8,557

$17,293

Kemper

$9,507

$13,591

Kemper

$10,662

$21,453

Car insurance for teen drivers is costly. The most cost-effective way to insure teens is to add them to a family policy. In Richmond, you can save up to $2,272 per year by adding your teenage son to a family policy versus purchasing a separate one. Comparing rates from different providers can also help you find cheap car insurance for teens.

Cheapest Car Insurance in Richmond for Military Drivers

According to MoneyGeek’s analysis, the following are the cheapest full coverage car insurance options for military-affiliated drivers in Richmond:

  • USAA: $618 per year
  • American Family: $632 per year

The lowest rates for minimum coverage policies for drivers with a military background come from American Family and Mercury, with prices averaging around $257 and $292 per year, respectively.

Company
Annual Premium
Monthly Premium

American Family

$257

$21

Mercury

$292

$24

USAA

$298

$25

Mercury

$307

$26

USAA

$312

$26

American Family

$315

$26

State Farm

$348

$29

American Family

$359

$30

State Farm

$367

$31

USAA

$376

$31

Virginia Farm Bureau

$379

$32

Virginia Farm Bureau

$386

$32

Auto-Owners Insurance Co

$390

$33

Cincinnati Insurance

$399

$33

Mercury

$421

$35

Cincinnati Insurance

$424

$35

Auto-Owners Insurance Co

$438

$37

State Farm

$441

$37

Nationwide

$443

$37

Travelers

$453

$38

Nationwide

$456

$38

Erie

$470

$39

Erie

$471

$39

Virginia Farm Bureau

$471

$39

Travelers

$478

$40

Auto-Owners Insurance Co

$492

$41

Travelers

$507

$42

Allstate

$524

$44

Allstate

$545

$45

Nationwide

$564

$47

Allstate

$593

$49

Erie

$597

$50

USAA

$614

$51

USAA

$618

$52

American Family

$632

$53

GEICO

$645

$54

GEICO

$687

$57

GEICO

$737

$61

American Family

$748

$62

Progressive

$761

$63

Nationwide

$765

$64

Progressive

$773

$64

State Farm

$773

$64

Auto-Owners Insurance Co

$777

$65

Cincinnati Insurance

$788

$66

USAA

$796

$66

Cincinnati Insurance

$812

$68

Nationwide

$819

$68

Auto-Owners Insurance Co

$821

$68

Mercury

$826

$69

State Farm

$834

$69

National General

$836

$70

National General

$837

$70

Virginia Farm Bureau

$842

$70

Mercury

$864

$72

American Family

$870

$73

Progressive

$894

$74

Cincinnati Insurance

$899

$75

Erie

$910

$76

Erie

$918

$77

Virginia Farm Bureau

$923

$77

Travelers

$926

$77

Virginia Farm Bureau

$927

$77

Travelers

$929

$77

Nationwide

$981

$82

State Farm

$1,041

$87

Allstate

$1,047

$87

Auto-Owners Insurance Co

$1,062

$89

National General

$1,071

$89

Travelers

$1,083

$90

Allstate

$1,101

$92

Allstate

$1,107

$92

Erie

$1,170

$98

Progressive

$1,179

$98

Progressive

$1,192

$99

Mercury

$1,202

$100

GEICO

$1,310

$109

GEICO

$1,314

$110

Kemper

$1,369

$114

Kemper

$1,434

$119

Progressive

$1,436

$120

GEICO

$1,525

$127

Kemper

$1,546

$129

Cincinnati Insurance

$1,685

$140

National General

$1,721

$143

National General

$1,840

$153

National General

$2,234

$186

Kemper

$2,381

$198

Kemper

$2,440

$203

Kemper

$2,754

$229

How to Compare Cheap Richmond Car Insurance Quotes Online

Getting an online quote in Richmond, Virginia, requires you to provide personal information and takes at least 15 minutes per company. Instead, you can use MoneyGeek's car insurance calculator to get a quick estimate of rates using just your age, vehicle type, driving history and preferred coverage.

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USAA

Best Car Insurance in Richmond: Summary

Your choice of the best car insurance provider depends on how much you value affordability, service quality and coverage options.

MoneyGeek’s study of auto insurance companies in Richmond determined the highest-performing companies in various categories:

  • Best overall: Cincinnati Insurance (MoneyGeek score of 84 out of 100)
  • Best for service: Cincinnati Insurance (MoneyGeek score of 74 out of 100)
  • Best cheap: American Family (MoneyGeek score of 83 out of 100)

Note that a company’s MoneyGeek rating can differ depending on the category’s weighting. For individuals with a military background, USAA is the top-rated auto insurance provider, with a MoneyGeek score of 85 out of 100.

Additionally, we recognize Progressive as the best overall car insurance provider in Virginia. This disparity between the state and city's top insurers highlights the impact of location on rates, which consequently affects a company's overall rating.

Best Overall Car Insurance in Richmond

MoneyGeek evaluated affordability, service quality and coverages of car insurance providers in Richmond and found that the best overall are:

  • Cincinnati Insurance: MoneyGeek score of 84 out of 100 ($889 per year)
  • American Family: MoneyGeek score of 80 out of 100 ($632 per year)

Cincinnati Insurance stands out over its 13 competitors, thanks to its affordable rates and outstanding customer service. It offers excellent value for the money. Additionally, USAA is MoneyGeek’s top choice for drivers with a military background, receiving a score of 85 out of 100.

How was this MoneyGeek score calculated?

Cincinnati Insurance

pros

Relatively affordable rates at $899 per year

Outstanding customer service

Offers safety restraint benefit coverage

cons

Mediocre claims management

Lacks OEM coverage

COMPANY HIGHLIGHTS

Cincinnati Insurance is the top car insurance provider in Richmond overall. It offers both affordable rates and exceptional customer service, making it our preferred option among the 14 companies we surveyed. Additionally, Cincinnati Insurance provides various add-on coverages that allow you to increase the protection you receive.

For example, the company offers the safety restraint benefit coverage, a unique optional endorsement. It doubles the medical payments coverage you can claim if you or anyone in your covered vehicle is injured in an accident while wearing a manufacturer-installed seatbelt or a child's safety restraint seat.

You can also get glass deductible modification, which eliminates your deductible for glass replacement after a covered loss. Child safety seat replacement coverage is another rare add-on, and this insurance pays to replace your installed child safety seat.

Read MoneyGeek's Cincinnati Insurance Auto Insurance Review

Best Car Insurance in Richmond for Customer Service

If customer service is your priority regardless of cost, MoneyGeek's analysis shows that these companies offer the best customer service in Richmond:

  • Cincinnati Insurance: MoneyGeek score of 74 out of 100 ($899 per year)
  • Erie: MoneyGeek score of 70 out of 100 ($918 per year)

Cincinnati Insurance offers the city’s best customer service and has extensive coverage options. The company is relatively affordable compared to most of the city’s providers. This means it offers outstanding service without charging a premium price.

How was this MoneyGeek score calculated?

Cincinnati Insurance

pros

Excellent customer service

Various optional coverages offered

Offers general deductible waiver

cons

No OEM coverage

Lackluster claims management

COMPANY HIGHLIGHTS

If you value customer service, we recommend Cincinnati Insurance in Richmond. This provider offers top-notch customer service and an extensive selection of coverage options, ensuring you receive the necessary protection for your vehicle while enjoying a superior client experience.

Notably, Cincinnati Insurance offers a general deductible waiver, a rare coverage that eliminates any deductible that would typically apply when your vehicle is considered a total loss due to a covered incident.

Lock replacement is another unique add-on. It’s an optional coverage that pays up to $1,500 to replace the door locks on your vehicle when your keys are lost or stolen. You can also get airbag reinstallation coverage, a unique rider that covers the cost of replacing your car’s airbag if it unexpectedly deploys without an accident. This coverage doesn’t have a deductible.

Read MoneyGeek's Cincinnati Insurance Auto Insurance Review

Best Cheap Car Insurance in Richmond

Based on price and service quality, the following companies offer the best minimum coverage car insurance in Richmond:

  • American Family: MoneyGeek score of 83 out of 100 ($257 per year)
  • Cincinnati Insurance: MoneyGeek score of 83 out of 100 ($424 per year)

While a minimum coverage policy is the cheapest option, it does not cover liability costs or damage to your vehicle.

How was this MoneyGeek score calculated?

American Family Insurance

pros

An affordable minimum coverage policy costs $257 per year

Offers bundling, safe driving and loyalty discounts

Outstanding customer service

cons

Subpar claims management

COMPANY HIGHLIGHTS

American Family is the best minimum coverage car insurance provider in Richmond. This company offers the cheapest rates in the city while delivering exceptional customer service. Moreover, American Family has numerous discount opportunities, making its prices even more affordable.

Bundling your car insurance with other American Family products can save on your premiums. You may also qualify for a discount if your record is free from accidents, tickets and claims. Students who have high grades can also receive savings on their policy.

In addition, American Family has discounts that other providers usually don't offer, including discounts for new and long-term customers. You also qualify for a discount if you obtain a quote at least seven days before your active policy with another carrier expires.

Read MoneyGeek's American Family Insurance Auto Insurance Review

Average Cost of Car Insurance in Richmond

MoneyGeek’s research reveals that the average cost of full coverage auto insurance in Richmond is $988 per year as of October 2022. This quote is for a full coverage car insurance policy that includes $100,000 bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.

Car insurance in Richmond is approximately $48 more expensive than the cost of car insurance in the state of Virginia. It’s also $277 cheaper than the national average. These price differences demonstrate how location can impact your car insurance rates.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.