Best Cheap Auto Insurance in Richmond, Kentucky (2024)

Richmond drivers pay $234 per month for liability coverage, on average.

Alani Asis
Written byAlani Asis
Alani Asis
Alani Asis
  • 3 years of content writing

  • Bylines with leading financial publications

Alani is a freelance writer specializing in personal finance. She aims to make complex topics more approachable through fun, digestible content.

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Katie Powers
Edited byKatie Powers
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Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Updated February 29, 2024 at 11:00 AM PST

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With a blend of picturesque landscapes, rich history, and outdoor adventures, Richmond, Kentucky, is a desirable place to call home. Having reliable car insurance is essential to explore all the city has to offer. The cheapest car insurance companies in Richmond include National General, State Farm, and USAA.

The average cost of car insurance in Richmond is $249 per month, which is 9% lower than the state average of $274 per month. Your insurance costs will depend on your driving record, age, vehicle type, coverage level, and more.

Quick Facts
  • In addition to liability coverage, Kentucky drivers must purchase basic personal injury protection (PIP) coverage.[1]

  • Insurers in Kentucky can use your credit score to determine your car insurance rates.

  • On average, Richmond drivers pay $264 per month for full-coverage insurance.

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Best car insurance companies in Richmond

When searching for car insurance, you should aim to find a company that offers excellent rates and coverage options that meet your needs. The following insurers provide cost-effective options for drivers in the city, including teenagers and military personnel.

Best insurer for cheap rates: National General

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
3.2
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$72/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$113/mo

National General offers the cheapest full-coverage policy in Richmond, as well as affordable liability rates. The insurer offers standard coverages like comprehensive and collision insurance, as well as a plethora of policy add-ons to provide you with extra protection on the road.

Pros
  • SR-22 certificates available to high-risk drivers

  • Variety of available policy endorsements

Cons
  • Gap insurance not available 

  • High volume of online complaints

Low prices.

Chad - November 18, 2023
Verified

Horrible service and does not appreciate customer loyalty.

Tiffany - October 31, 2023
Verified

Good insurance. Always on time.

Silvio A - October 16, 2023
Verified
Read our National General review

Best insurer for teen drivers: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$69/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$104/mo

With budget-friendly rates, excellent customer service, and discounts for student drivers, you can count on State Farm for your teenager’s car insurance policy. The company has good student, driver training, and student away-at-school discounts, as well as savings opportunities through its Drive Safe & Save and Steer Clear programs.

Pros
  • Ranked higher than the industry average in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study[2]

  • Rideshare insurance available

Cons
  • Gap insurance not available

  • Accident forgiveness not available

I am happy with their coverage. I just bought a new car, and my insurance quadrupled. YIKES.

Stacy - December 4, 2023
Verified

Friendly service.

John - December 4, 2023
Verified

Got insurance established fast.

Robert - December 3, 2023
Verified
Read our State Farm review

Best insurer for military members: USAA

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$85/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$127/mo

Whether you’re an active or reserve military personnel, a veteran, or a family member, USAA offers exclusive benefits and discounts, specialized coverages, and user-friendly digital tools. Eligible members can save money with good driver, bundling, and loyalty discounts, as well as through the company’s safe driving program, USAA SafePilot.

Pros
  • Affordable premiums

  • Ranked higher than the industry average in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study

Cons
  • Exclusively available to active military members, veterans, and their families

  • No 24/7 phone support

They have stopped thinking about how today's financial strain is impacting their customers.

Darcy - November 26, 2023
Verified

Not satisfied with price hike even after lowering coverage.

Linda - November 3, 2023
Verified

Wonderful service, pricing, and care.

Robert - October 24, 2023
Verified
Read our USAA review

Cheapest liability-only car insurance in Richmond

If you cause an accident, liability-only insurance covers the costs incurred by the other person’s property damage and bodily injury. Since this policy only covers the basics, you can expect your premiums to remain low, but you may face high out-of-pocket costs after filing a claim.[3]

Here are the cheapest companies offering liability-only coverage in Richmond.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Auto-Owners66
State Farm69
National General72
GEICO78
Safeco79
Clearcover96
State Auto98
Allstate100
Liberty Mutual109
Travelers110
Progressive112
Nationwide146
CSAA161
Bristol West163
Shelter179
The General241
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest full-coverage car insurance in Richmond

Liability-only insurance only covers the other party’s car repairs and medical costs if you’re at fault in an accident. Full-coverage policies handle the costs of your vehicle damages as well, regardless of fault.

A full-coverage policy includes liability, collision, and comprehensive coverage. Collision coverage pays for your vehicle repairs after an accident, and a comprehensive auto policy will compensate you for losses and damages from theft, weather-related damages, and other non-collision incidents.

You may want a full-coverage policy if you drive frequently or live in a high-risk location. If you have a lease or loan on your car, your lender will likely require you to purchase this coverage. Here are the cheapest average rates for full-coverage insurance in Richmond.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Auto-Owners100
State Farm104
National General113
GEICO118
Clearcover145
Safeco148
Allstate150
Travelers159
State Auto166
Progressive170
Nationwide177
Liberty Mutual204
CSAA232
Shelter270
Bristol West306
The General407
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Car insurance requirements in Kentucky

Kentucky drivers must carry a minimum amount of bodily injury and property damage liability coverage.[4]

Because Kentucky is a “choice no-fault state,” you must file a claim with your insurer after an accident, regardless of fault. Therefore, you must also obtain personal injury protection (PIP) coverage. Through your PIP coverage, your insurer will cover medical payments, lost wages, and more for you and your passengers following an accident.

You’ll find the minimum state requirements in Kentucky below:

CoverageMinimum Requirements
Bodily injury liability$25,000 per person and $50,000 per accident
Property damage liability$25,000 per accident
Personal injury protection$10,000 per accident

Purchasing these additional coverages can bolster your protection on the road:

  • illustration card https://a.storyblok.com/f/162273/x/169fdfde11/liability-coverage.svg

    Collision

    In the event of an accident, this insurance covers the costs of your vehicle damage.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive

    This insurance covers costs associated with non-collision incidents, including theft, severe weather, falling objects, and more.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist

    If the at-fault party doesn’t have enough insurance, this additional insurance will cover the gaps.

  • illustration card https://a.storyblok.com/f/162273/100x100/24f1697280/car-key.svg

    Rental car

    A rental car can help you get around while your vehicle is at the shop for repairs, and this coverage can pay for some of these costs.

Cheapest car insurance for drivers with an incident

Driving incidents such as speeding tickets, driving under the influence, or at-fault accidents can cause your rates to increase. As your risk as a driver increases, insurers will adjust rates accordingly.

Insurers associate incidents on your driving record with an increased likelihood of having an accident and filing a claim. Drivers with a clean record tend to earn the most affordable insurance rates.[5]

Find Car Insurance in Richmond, Kentucky

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Cheapest car insurance for drivers with a speeding ticket

If you exceed the speed limit and get pulled over, you’ll typically face an initial fine and an increase in your insurance rates. Other incidents can make your insurance rates increase more than a single speeding ticket.

Fortunately, some insurers still offer affordable options for car insurance in Richmond.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
State Farm126
Auto-Owners127
National General140
GEICO146
Allstate185
Clearcover192
Safeco197
Travelers199
Progressive218
Nationwide220
State Auto221
Liberty Mutual271
CSAA298
Shelter366
Bristol West384
The General519
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with an at-fault accident

Without sufficient insurance coverage after an accident, you may have to pay out of pocket for vehicle repairs and medical expenses, depending on the accident. Additionally, an accident can result in a substantial increase in your premiums, particularly if you caused it.

However, if you have an at-fault accident on your record, you can still find affordable coverage on your auto insurance policy.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Auto-Owners131
State Farm132
National General148
GEICO152
Allstate193
Travelers208
Safeco210
Progressive229
Nationwide230
Clearcover232
State Auto236
Liberty Mutual284
CSAA316
Shelter382
Bristol West393
The General544
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with a DUI

A DUI can result in serious legal and financial consequences due to the severity of the offense. Insurers adjust rates for high-risk drivers and may even choose not to offer coverage in some cases.

The following insurance companies offer insurance to Richmond drivers with a DUI.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Auto-Owners155
State Farm161
National General175
GEICO183
Clearcover225
Safeco230
Allstate233
Travelers247
State Auto257
Progressive264
Nationwide275
Liberty Mutual316
CSAA360
Shelter385
Bristol West475
The General631
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for seniors

You can expect better auto rates as you age and have more experience behind the wheel. Rates decrease significantly between the ages of 25 and 35 and continue trending downward with age. But you may see a slight increase again around age 75, as age-related conditions can make senior drivers more susceptible to accidents on the road.

The following auto insurers offer affordable coverage to senior drivers in Richmond.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
State Farm60
Auto-Owners61
GEICO74
National General85
Progressive88
Allstate97
Nationwide99
Travelers101
Safeco112
Clearcover132
Liberty Mutual133
Shelter139
Bristol West204
The General302
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for teens

Insurers typically charge young drivers higher rates to offset the risk of their lack of driving experience. As such, teenagers generally pay the highest rates for auto insurance. Young drivers can earn better rates by staying on their parents’ policy, driving a safe vehicle, or earning good grades to get a policy discount.

Teens can also shop for insurance companies that offer competitive rates for their age group, such as the ones below.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Auto-Owners170
State Farm181
GEICO190
National General218
Clearcover264
Allstate268
Safeco270
Travelers291
State Auto302
Nationwide308
Progressive309
Liberty Mutual353
CSAA394
Shelter471
Bristol West518
The General662
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

How to get the cheapest car insurance in Richmond

Your insurance rates will vary based on several factors, including your location, age, driving history, credit, and more. You can expect your insurance rates to increase if you demonstrate a higher risk in one of these areas.

If you’re in the market for cheap car insurance in Richmond, the following tips can help you get the best rates on your policy:

  • Compare quotes. The Insurance Information Institute recommends gathering quotes from at least three insurers. Make sure the quotes you compare are for the same types of coverage for the most accurate comparisons.

  • Seek out discounts. Insurance companies offer deals for good driving, bundling insurance products, being a member of an affiliated group, and more. You can even stack discounts for additional savings on your policy.

  • Maintain a good driving record. Whether you have a speeding ticket or a DUI, incidents can cause your rates to increase substantially. Try to avoid incidents, as insurers offer the best rates to people with a clean driving record.

  • Increase your deductible. Choosing a higher deductible can lower your overall premiums. Be sure you can pay for the deductible so you can get coverage.

  • Drive a safe car. The type of car you drive can influence your rates. Insuring a motor vehicle with advanced safety features can qualify you for discounts or rate reductions.[6]

Find Car Insurance in Richmond, Kentucky

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Richmond car insurance quotes by credit tier

Insurance companies in Kentucky can use your credit score to assign your policy premiums. An excellent or good credit score indicates that you’re less likely to file a claim, which can result in lower rates. Meanwhile, a poor credit score indicates that you’re more likely to file a claim and can result in increased premiums.

Rates by Credit Tier

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Is car insurance more expensive in Richmond?

Richmond drivers can expect to pay higher premiums than the national average rate of $212 per month. On average, drivers in the city pay $249 per month for car insurance. Rates can vary by city and ZIP code within Kentucky, but drivers in the state pay about $274 per month, on average.

Areas with high crime rates, traffic congestion, and frequent severe weather events may pay higher premiums. For example, drivers in Louisville pay significantly higher rates for car insurance than in Richmond.

More cities in Kentucky

At $264 per month, Richmond drivers can expect to pay lower rates for full-coverage insurance than many Kentucky residents living in other cities. For instance, Bowling Green drivers pay insurance rates that are 3% higher than rates in Richmond. Residents of Louisville can expect to pay more than 50% more in premiums than drivers in Richmond.

CityAverage Monthly QuoteCompared to Richmond
Bowling Green$2713%
Elizabethtown$2713%
Lexington$2837%
Louisville$40553%
Paducah$2723%
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Richmond car insurance FAQs

Looking for the right amount of coverage from the best insurer for you can feel overwhelming. The information below should help you navigate the process of finding car insurance in Richmond.

  • How much is car insurance in Richmond?

    Car insurance in Richmond costs $249 per month. On average, drivers pay $264 per month for full coverage and $234 for liability coverage. Your specific rate depends on your driving record, age, credit history, and more.

  • What are the best car insurance companies in Richmond?

    State Farm is the best car insurance company in Richmond, due to its Insurify Quality (IQ) Score of 4.4 out of 5, an A.M. Best financial strength rating of A++ (Superior), and affordable coverage. Other top insurers include USAA, GEICO, and Auto-Owners.

  • What causes rates to increase in Kentucky?

    Location-based factors like population, traffic congestion, crime rates, and weather can affect rates in different Kentucky cities and ZIP codes. Unfortunately, the state is prone to tornadoes, so insurers likely account for the added risk when determining premiums for Kentucky drivers.

  • Is Kentucky a no-fault state?

    Yes. Kentucky is one of three “choice no-fault states.” This means drivers must purchase basic PIP coverage, and all drivers in the state have accepted tort rights — limitations on their rights to sue and be sued — unless rejected in writing and filed with the Kentucky Department of Insurance.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. Team Kentucky Public Protection Cabinet Department of Insurance. "No Fault Rejection/Verification (PIP)." Accessed July 7, 2023
  2. J.D. Power. "Insurers Struggle to Manage Expectations in Auto Claims Process as Repair Times Increase, J.D. Power Finds." Accessed July 7, 2023
  3. Insurance Information Institute. "Auto insurance basics—understanding your coverage." Accessed July 7, 2023
  4. Kentucky Transportation Cabinet. "Mandatory Insurance." Accessed July 7, 2023
  5. Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed July 7, 2023
  6. Insurance Information Institute. "Nine ways to lower your auto insurance costs." Accessed July 7, 2023
Alani Asis
Alani Asis

Alani Asis is a personal finance freelance writer with nearly three years of experience in content creation. She has landed bylines with leading publications and brands like Insider, Fortune, LendingTree, and more. Alani aims to make personal finance approachable through fun, relatable, and digestible content.

Katie Powers
Edited byKatie PowersAuto and Life Insurance Editor
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

Featured in

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