Best Car Insurance in Richmond 2022

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Most states require drivers to carry minimum liability insurance to prove that they are financially responsible, but the minimums vary from state to state.
Not only does the required insurance differ based on your state, but your car insurance rates also can be dramatically different based on your zip code. When determining your premiums, car insurance providers assess the risk of insuring drivers in specific cities, considering things like population, accident rate, crime rate, and weather for each location.
This can make finding the best rates for car insurance a complicated process. That’s where Jerry comes in handy. Jerry is an insurance broker app that will provide you with quotes from over 50 top insurance providers in seconds.
All you have to do is find a policy that works for you, and Jerry will help you take care of the rest—including filing all the paperwork and helping to cancel your old policy.
Don’t believe us? Here are some real quotes from Jerry customers in Richmond.
Quote DateCarZip CodeAgeInsurance Company
Before Jerry
After Jerry
September 26, 2021Audi A4 22322530Mercury$178/mo.$61/mo.
July 25, 2021Isuzu Ascender S2322331National General$174/mo.$63/mo.
July 14, 2021Pontiac G6 GT2322523Mercury$155/mo.$82/mo.
April 8, 2021Jeep Liberty Sport2321921Gainsco$265/mo.$100/mo.
September 2, 2021Ford Fusion SE2322729Electric$176/mo.$149/mo.
Here’s more information about what impacts the insurance rates in your Richmond.

How much does car insurance cost in Richmond?

Car insurance in Richmond, Virginia costs single-car drivers an average of $2,922 annually, or about $243 per month. Compared to the state annual average of $2,879, auto insurance in Richmond is $43 higher lower.
Richmond is known for its bevy of historic locations and has become world-renowned for its food scene as well. But as Virginia’s capital city, it’s got lots of traffic, expensive vehicles, and a fairly high crime rate—none of which bodes well if you’re on the hunt for cheap car insurance.
But that doesn’t mean affordable insurance will be impossible to secure! The car insurance comparison and licensed broker app Jerry is your best bet for finding great insurance rates without any of the usual hassles.
Jerry compares rates from dozens of top insurance companies to find you the best deals. And once you make your pick, Jerry handles the paperwork and phone calls for you, and will even cancel your old policy on your behalf!
Here’s a rundown of what you need to know about car insurance in Virginia’s capital city.
All Coverage Before Jerry
All Coverage After Jerry
Minimum Coverage Before Jerry
Minimum Coverage After Jerry
Full Coverage Before Jerry
Full Coverage After Jerry
National Average$3,223$2,143$3,086$1,764$3,423$2,486
RichmondNational Average
All Coverage Before Jerry
All Coverage After Jerry
Minimum Coverage Before Jerry
Minimum Coverage After Jerry
Full Coverage Before Jerry
Full Coverage After Jerry
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Choosing a carrier in Richmond

Not only do insurance rates vary based on zip code, but different providers can provide drastically different quotes for the same location.
Every insurance company uses its own calculation to determine the risk of insuring drivers in different cities. If you have recently moved, you may find that premiums with your current provider have changed dramatically in your new home.
In that case, it may be time to shop around for a new carrier. Jerry can help you find a carrier who meets your needs by doing the hard work of comparison shopping for you—giving you quotes from a number of top providers quickly.
Car insurance in Virginia’s capital tends to be high, thanks in large part to heavy traffic and a high crime rate. But that doesn’t mean your insurance has to go through the roof!
With a wide range of carriers to choose from, finding one that offers all the coverage you need at an affordable price shouldn’t be like pulling teeth.
One of the most popular picks is GEICO insurance in Richmond. Nationwide, Progressive and State Farm are also highly regarded options. If you’re in the military, a military family, or are a veteran, USAA offers competitive rates. But the right provider for you will vary depending on your demographics, driving history, discount eligibility, and other factors.
Here’s what drivers pay with some of the most popular insurance carriers in Richmond before and after switching with Jerry:
Insurance Company
Average Cost
Annual Savings with Jerry
Kemper$2,066$986Compare Prices
Progressive$2,315$700Compare Prices
National General$1,971$689Compare Prices
Safeco$2,074$624Compare Prices
Allstate$1,712$478Compare Prices
Nationwide$2,187$345Compare Prices
Travelers$1,869$225Compare Prices
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What kind of car insurance you need in Richmond

In Richmond, drivers are required to carry the state’s mandated minimum liability insurance before they hit the road. This coverage helps to pay for other people’s expenses when you’re at fault in an accident, but it won’t cover you or your vehicle.
Virginia and New Hampshire are the only two states that don’t require drivers to carry car insurance. However, if a Virginia driver elects to forego car insurance, they must pay a $500 Uninsured Motor Vehicle Fee (UMF). This isn’t a form of insurance—drivers with a UMF are responsible for covering their own damages should they be involved in a collision.
If Virginia drivers choose to buy car insurance (and most do), they must purchase a car insurance policy with at least the following liability insurance:
Drivers in Virginia must also carry the following:
  • $25,000 uninsured motorist bodily injury per person
  • $50,000 uninsured motorist bodily injury per accident
  • $20,000 uninsured motorist property damage per accident with $200 deductible for hit-and-run accidents In Virginia, If you’re involved in a collision or pulled over by police, you’ll need to show proof of insurance coverage. You’ll also need it to register your vehicle in the state.
However, liability insurance coverage is just the minimum requirement, and it may not cover all your expenses in the event of an accident. While minimum liability insurance will be the cheapest policy, it’s generally suggested that drivers carry more than the baseline requirements and consider full-coverage insurance policies. Although full-coverage costs more upfront, purchasing more coverage can protect you from the financial burden of an expensive accident (aka, it could end up costing you less in the long run). Full-coverage car insurance policies generally include:
Purchasing coverage that exceeds Virginia’s minimum requirements is usually a good idea. While liability coverage protects others if you’re involved in an at-fault accident, it won’t protect your vehicle.
Here are some other coverages that would serve Richmond drivers well:
FactorRecommended coverageDescription
Heavy trafficCollision insuranceCollision insurance covers damage to your own vehicle from a collision with another car or fixed object.
Many uninsured driversUninsured/underinsured motorist coverageMore than 12% of Virginia drivers are uninsured. If you’re in an accident with a driver who is uninsured or doesn’t have enough coverage, this will cover your medical bills, property damage, and more.
Hurricanes and floodingComprehensive insuranceComprehensive coverage pays for damage to your vehicle that does not stem from a collision, such as from extreme weather.
Coastal roadsRoadside assistanceIf you’re motoring along Virginia’s coast and need help, this coverage will provide towing, tire changes, emergency fuel deliveries, battery jumpstarts, and more.

What determines your car insurance cost in Richmond

Your zip code, provider, and type of policy you choose are just a few of the factors that go into determining your car insurance premiums.
Providers will consider your specific demographics when setting your rates, so you may find that your rates are different from someone who lives next door.
Here are the factors that play a part in determining your car insurance premiums.

Your age

Young drivers are thought of as high-risk drivers by most insurance companies. This is, in part, due to their lack of experience behind the wheel and their generally higher accident rates. As such, young drivers will have higher premiums than their older counterparts. If you’re a driver under 25 in Richmond, you could be paying as much as $56 more per month than an adult driver. These are average rates for Jerry customers in Richmond broken down by age:
Age Group
Average Cost
Annual Savings with Jerry
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Your driving record

Your driving record will have a big impact on your car insurance premiums. While one minor infraction—like a speeding ticket—won’t have a major impact on your rates, multiple small offenses or one major offense—like a DUI—can greatly impact what you pay each month for car insurance.
Providers will consider people with a history of previous driving infractions to be high-risk drivers and charge them more for car insurance accordingly.
Fortunately, Jerry can help drivers with poor driving records find affordable car insurance with the right provider. Here’s how much Jerry customers in Richmond with previous offenses saved on insurance:
Driving Violation
Average Cost
Annual Savings with Jerry
Clean Record$2,582$846
Driving on Sus. License$4,087$1,809
Speeding under 15$3,599$1,344
Defective Equipment$3,158$1,256
Failure to Obey Traffic Sign$3,324$1,233
Careless Driving$2,400$1,059
Speeding over 15$2,574$954
Eluding Police$2,616$777
Improper Passing$2,100$620
Illegal Turn$3,168$618
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Where in Richmond you live

It may seem like insurance rates in Richmond should be consistent across the board, but the neighborhood in which you live can also make an impact on your car insurance premiums.
Because accident rates and property crime rates vary within a city, auto insurance rates could be higher for different zip codes—even if they are in the same municipal area. Within Richmond, residents of 23173, 23225, 23236, 23237 and 23234 will have the most expensive car insurance rates, while people who live in 23238, 23233, 23221, 23230 and 23228 will pay the least.
Here’s a more specific breakdown of insurance prices for Jerry across Richmond:
Quote DateZip codeCarStateAgeInsurance Company
Before Jerry
After Jerry
August 28, 202123237Chevrolet Cobalt LTVA26Safeco$180/mo.$54/mo.
September 17, 202123237Ram 1500 STVA48Nationwide$188/mo.$107/mo.
August 6, 202123224Toyota RAV4 LimitedVA32Kemper$265/mo.$139/mo.
October 14, 202123223Honda Civic EXVA22Progressive$250/mo.$140/mo.
September 28, 202123222Ford MustangVA25Assurance America$183/mo.$142/mo.
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Why is car insurance in Richmond so expensive?

A variety of considerations determine baseline car insurance rates in Richmond. Insurance companies often consider the following:
Richmond has several factors that contribute to its high insurance rates.

High accident rates

Richmond is a busy state capital city and is home to nearly a quarter-million residents. Add to that downtown traffic as well as the very busy I-95, and it’s not hard to see why the city sees many car accidents each year.

High crime rate

According to FBI data, Richmond’s overall crime rate is 59% above the national average, while its property crime rate is 60% higher than the national average. Both of these statistics—especially in regards to property crime—are added risks for insurers, who raise premiums accordingly to compensate for such risk.

Inclement weather

Richmond is prone to severe weather, including hurricanes and heavy flooding. Wet roads and low visibility make for some dangerous driving. Damage stemming from these natural phenomena can be costly for insurers if a claim needs to be filed.

How can you save money on car insurance in Richmond?

Compare quotes from different providers

One of the best ways to save money on car insurance is by shopping around for quotes. Of course, taking the time to research different companies and fill out all the paperwork.
Let Jerry do the hard work for you! After a quick sign-up, Jerry will source quotes from over 50 insurance providers in seconds. Once you choose a policy, Jerry will take care of all of the changeover—including helping to cancel your old policy.

Look for discounts

If you want to save some cash on your car insurance in Richmond, discounts are a great way to do this. Almost all providers offer discounts in one form or another, and you may even be eligible for multiple discounts that can, collectively, take a nice chunk out of your premium.
Here are some common discounts available with insurers in Richmond:
Multi-policyBundling multiple insurance policies with one provider (like home and auto) could get you a discounted rate on each policy.
Defensive drivingEnrolling in a state-approved defensive driving course decreases your risk as a driver and can result in discounted premiums.
Good studentStudents under the age of 25 who maintain at least a B average can usually qualify for savings on their policy.
Accident-freeIf you’ve been collision-free for 3 to 5 years, you’re likely eligible for a discount on your policy.
UsageSome companies offer a telematics program that tracks your driving and rewards you with discounts for safe behavior.
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