If you’re looking for car insurance in Richmond, Virginia, you can’t go wrong by starting with Auto-Owners Insurance, State Farm, and GEICO. These are three of the area’s top insurers, but because Richmond is one of Virginia’s largest cities and the state’s capital, you have plenty of other options, too.

No matter the insurer you choose, you can expect to pay an average of $260 per month for full coverage and $197 for liability-only car insurance. But your rates may vary depending on your age, driving history, and other factors.

This article is your guide to the things that affect your car insurance rates in Richmond.

Quick Facts

The overall average cost of insurance in Richmond is $243 per month.
Starting in 2025, Virginia’s minimum-liability coverage requirements will increase considerably.^[1]
Virginia allows car insurance companies to consider your credit when determining your rates, and a higher score can lower your rates.

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Best car insurance companies in Richmond

Narrowing down the best auto insurance company for you will depend heavily on your personal preferences and what’s important to you. The quotes you receive will be affected by your age, driving history, level of coverage, and more.

Here is an in-depth look at some of the cheapest insurance options based on different situations and needs such as liability-only coverage, an accident on record, and young drivers.

Best insurer for liability rates: Auto-Owners

Liability ratesAuto-Owners

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.	4.1
JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	837
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.	$43/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.	$70/mo

Overview

Auto-Owners Insurance has an Insurify Quality (IQ) Score of 4.0 out of 5 and some of the lowest rates for liability-only auto insurance in Richmond. Auto-Owners also offers gap coverage and roadside assistance and multiple discounts for multiple policies, getting a quote in advance, and making on-time payments for 36 months.

Pros and cons

Pros

Several available discounts
Gap coverage and roadside assistance available

Cons

Quotes not available online
Accident forgiveness not included with basic policy

Reviews

I was pleased with the agent and for years the price, but now they have gotten too expensive for a person on a fixed income.

Mary - August 13, 2023

Verified

I was dropped because of two minor at-fault accidents in two plus years.

Zachary - January 8, 2023

Verified

You can work directly with an agent.

Guy - May 17, 2022

Verified

Read our Auto-Owners review

Best insurer for drivers with a speeding ticket: GEICO

speeding ticketsGEICO

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.	835
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.	$59/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.	$97/mo

Overview

GEICO has a 4.2 IQ Score and offers personalized auto coverage based on your needs. If you have a speeding ticket on your record, your rates may go up, but GEICO allows you to get a quote online and utilize discounts to save, especially after completing an approved defensive driving course or bundling your insurance policies.

Pros and cons

Pros

High customer ratings
Several discount options, including savings for completing an approved defensive driving course

Cons

Gap coverage for rideshare insurance not available
Accident forgiveness not available

Reviews

Unwilling to work with clients. Especially senior citizens on a fixed income.

Janina - September 10, 2023

Verified

Awesome customer service, good prices, easy to deal with.

Kathleen - September 9, 2023

Verified

Good treatment in responding to questions and handling of my accident, especially because I was not at fault. No hesitation in paying the repair bill and then collecting from the at-fault insurance company client's policy.

James - September 7, 2023

Verified

Read our GEICO review

Best insurer for teen drivers: State Farm

Teen DriversState 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.	$43/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.	$72/mo

Overview

State Farm has some of the cheapest auto insurance rates in Richmond and offers several ways for teens to save on their premiums. Students who report good grades can save up to 25% on their premiums, and drivers younger than 25 can also enroll in the Steer Clear driver safety program to receive a discount.

Pros and cons

Pros

Variety of coverage options, including emergency roadside assistance and rental car coverage
Several discounts for young drivers

Cons

Gap insurance not available
Accident forgiveness not available

Reviews

I feel like I am being way overcharged for my insurance since I have had no accidents or tickets in the last 10 years.

Theresa - September 14, 2023

Verified

I really enjoyed working with them, I just couldn't keep up with the expensive rates.

Becki - September 13, 2023

Verified

I was 5 stars until the recent increase, without any explanation.

Norman - September 13, 2023

Verified

Read our State Farm review

Cheapest liability-only car insurance in Richmond

If you’re at fault for an accident, liability-only car insurance covers damage to the other person’s vehicle and their medical expenses.

If you drive an older car or a car that’s already been paid off, liability-only car insurance may be an option for you. Here are some of the cheapest liability-only car insurance rates in Richmond.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Monthly Quote
Auto-Owners	43
State Farm	43
GEICO	59
USAA	59
Chubb	64
Erie	67
Safeco	73
Mercury	75
Nationwide	76
State Auto	76
Clearcover	78
Midvale Home & Auto	85
Allstate	92
Liberty Mutual	96
Elephant	98
Progressive	98
AssuranceAmerica	111
Dairyland	112
Direct Auto	116
National General	116
GAINSCO	118
Travelers	123
CSAA	153
Bristol West	167
The General	183

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.

Keep in Mind

Insurance professionals generally recommend buying more than your state’s minimum required amount of liability insurance. Higher liability coverage limits provide better financial protection in case of an accident.

Cheapest full-coverage car insurance in Richmond

Full-coverage auto insurance includes liability, but it also includes collision insurance to cover damage to your vehicle or your medical expenses after an accident, and comprehensive coverage, which pays for non-accident damage to your car. If you have a car loan or lease, your leasing company and lender likely already require you to carry full-coverage insurance.

Full-coverage insurance may be a good option for you if you can’t afford to pay for vehicle repairs out of pocket. Here are some of the cheapest full-coverage car insurance rates in Richmond.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Monthly Quote
Auto-Owners	70
State Farm	72
GEICO	97
USAA	97
Chubb	105
Erie	110
Clearcover	117
Nationwide	121
Midvale Home & Auto	135
Mercury	136
Safeco	136
Allstate	150
Travelers	156
Elephant	162
State Auto	167
Liberty Mutual	174
Direct Auto	177
AssuranceAmerica	180
Progressive	185
National General	220
CSAA	236
Dairyland	238
GAINSCO	267
The General	309
Bristol West	321

Estimate your insurance costs

State

Age

Credit Score

Are you insured

Your estimated deal

*Estimate based on a market average of rates provided to other users like you.

Select discounts that apply to you

I’m a good driver

Save 31%

I’m a homeowner

Save 8%

I’m married

Save 23%

I have multiple cars

Save 39%

Car insurance requirements in Virginia

Most states require drivers to have minimum or liability-only insurance. In Virginia, drivers must meet certain minimum-coverage limits or risk driver’s license suspension and a $500 fee.^[1]

Virginia is also increasing its minimum requirements on Jan. 1, 2025. Here are the current car insurance requirements, along with the new requirements that’ll go into effect in 2025.^[1]

Bodily injury liability coverage
- $30,000 per person ($50,000 as of 2025)
- $60,000 per accident ($100,000 as of 2025)
Property damage liability coverage
- $20,000 ($25,000 as of 2025)

Cheapest car insurance for drivers with an incident

Your driving history is one of the biggest factors that affects your car insurance rates. An at-fault accident can cause your insurance rates to go up, as will other infractions like speeding tickets and driving under the influence.

In the sections that follow, you’ll see how each infraction affects your rates differently.

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Cheapest car insurance for drivers with a speeding ticket

If you receive a citation for speeding, it can show up on your driving record and, depending on your insurer, could increase your rates. Here are some of the average monthly quotes from insurers in Richmond when you have a speeding ticket on your record.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
Auto-Owners	97	60
State Farm	100	60
GEICO	135	82
USAA	135	82
Chubb	146	89
Erie	153	93
Clearcover	163	109
Nationwide	168	106
Midvale Home & Auto	188	118
Mercury	189	104
Safeco	189	102
Allstate	209	128
Travelers	217	171
Elephant	225	136
State Auto	232	106
Liberty Mutual	242	134
Direct Auto	246	161
AssuranceAmerica	251	154
Progressive	257	136
National General	306	161
CSAA	328	213
Dairyland	331	156
GAINSCO	372	164
The General	430	255
Bristol West	447	232

Cheapest car insurance for drivers with an at-fault accident

Accidents can be dangerous, scary, and costly. In addition to having to repair your car after an accident, your insurance rates will likely go up. An accident can also stay on your driving record for three to five years, creating risk for insurers, which is why they may quote you a higher price.^[2]

Here are some monthly quotes from insurers in Richmond when you have an at-fault accident on your record.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
Auto-Owners	101	62
State Farm	104	62
GEICO	139	85
USAA	139	85
Chubb	151	92
Erie	158	96
Clearcover	168	112
Nationwide	174	109
Midvale Home & Auto	194	122
Mercury	196	108
Safeco	196	105
Allstate	216	132
Travelers	224	177
Elephant	233	141
State Auto	240	109
Liberty Mutual	250	138
Direct Auto	255	167
AssuranceAmerica	259	160
Progressive	266	141
National General	316	167
CSAA	339	220
Dairyland	342	161
GAINSCO	384	170
The General	444	263
Bristol West	462	240

Cheapest car insurance for drivers with a DUI

Driving under the influence is a serious offense that stays on your driving record for several years in Virginia. Having a DUI doesn’t look good to insurers, and they may raise your rates significantly or drop you altogether. Here are some of the rates Richmond insurers are offering for drivers with a DUI.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
Auto-Owners	115	70
State Farm	118	70
GEICO	159	97
USAA	159	97
Chubb	172	105
Erie	180	110
Clearcover	192	128
Nationwide	198	124
Midvale Home & Auto	221	139
Mercury	223	123
Safeco	223	120
Allstate	246	151
Travelers	256	201
Elephant	265	161
State Auto	274	124
Liberty Mutual	285	157
Direct Auto	290	190
AssuranceAmerica	295	182
Progressive	303	161
National General	360	190
CSAA	387	251
Dairyland	390	183
GAINSCO	437	193
The General	506	300
Bristol West	526	274

Cheapest car insurance for seniors

Generally, seniors have the cheapest car insurance rates of any age group. But rates typically rise for senior drivers around age 70 because insurers see this group as a higher risk to insure.^[3] This is, in part, due to slower reflexes but also to the increased risk of costly medical claims in the event of an accident.

But if you’re a senior driver, you can still find cheap insurance rates if you keep a clean driving record and take advantage of discounts.

Many insurance companies offer discounts for bundling coverage, remaining accident-free, and completing a driver safety course. Some insurers may even offer specific discounts for seniors or for using usage-based coverage, meaning if you drive fewer miles, it could lower your premium.

Here are some of the best monthly insurance quotes for seniors in Richmond.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
Auto-Owners	33	21
State Farm	34	21
GEICO	46	28
USAA	46	28
Chubb	50	31
Erie	52	32
Clearcover	56	37
Nationwide	58	36
Midvale Home & Auto	64	41
Mercury	65	36
Safeco	65	35
Allstate	72	44
Travelers	74	59
Elephant	77	47
State Auto	80	36
Liberty Mutual	83	46
Direct Auto	84	55
AssuranceAmerica	86	53
Progressive	88	47
National General	105	55
CSAA	113	73
Dairyland	114	53
GAINSCO	127	56
The General	147	87
Bristol West	153	80

Cheapest car insurance for teens

Young drivers and teens also tend to pay higher insurance rates than the general population. This is because insurers find that drivers younger than 25 tend to get into more accidents and have less experience on the road.

Some insurers offer discounts for young drivers who earn good grades or who complete a driver safety program. Young drivers may also save by staying on their parents’ insurance.

The below rates are estimated rates current as of: Thursday, November 30 at 11:00 AM PST.

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
Auto-Owners	124	76
State Farm	128	76
GEICO	172	105
USAA	172	105
Chubb	186	113
Erie	195	119
Clearcover	207	138
Nationwide	215	135
Midvale Home & Auto	239	151
Mercury	241	133
Safeco	241	129
Allstate	266	163
Travelers	277	218
Elephant	287	174
State Auto	296	135
Liberty Mutual	309	170
Direct Auto	314	206
AssuranceAmerica	319	197
Progressive	328	174
National General	390	206
CSAA	418	271
Dairyland	422	199
GAINSCO	473	209
The General	548	324
Bristol West	569	296

What Are the Best Cars for Teens to Drive?

How to get the cheapest car insurance in Richmond

Finding the cheapest car insurance in Richmond depends on factors including your age, ZIP code, driving history, and desired level of coverage. While some of these factors are outside of your control, you can still do a few specific things to lower your insurance costs, including:

Avoid violations. Practice safe driving habits so you can avoid violations like speeding tickets and other infractions. In doing so, you’ll maintain a clean driving record.
Improve your credit score. Car insurance companies can use your credit score to determine the likelihood that you’ll file a claim, so it’s important to maintain a good credit score to keep your rates lower.
Ask about discounts. Insurers offer several discounts, from bundling coverage and multi-policy discounts to having a vehicle with certain anti-theft protection or driving safely. Be sure to ask about which discounts you may qualify for.
Shop around and compare quotes. Shop around and compare quotes from at least three different insurers to make sure you’re getting the best price.

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Richmond car insurance quotes by credit tier

Virginia is one of many states that allow insurers to use your credit score as a factor when calculating insurance rates. An excellent credit score is considered anything above 720, and the higher your credit, the better chances you’ll have a lower insurance rate.

However, it’s important to note that a lower credit score doesn’t always guarantee you’ll have higher insurance rates. It all depends on the insurer and how it weighs other factors like your age, driving history, and location.

Here are the average monthly quotes for Richmond based on your credit score tier.

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?

The average cost of full-coverage insurance in Richmond is $290, which is a little higher than the average cost for the state of Virginia of $253. In fact, insurance in Richmond is much higher than in other large Virginia cities like Arlington and Alexandria.

Drivers in larger cities with more traffic may see higher car insurance rates, especially if there are more accidents or higher vehicle repair costs.

More cities in Virginia

Here’s how the average monthly car insurance quote differs in other Virginia cities compared to Richmond.

City	Average Monthly Quote	Compared to Richmond
Alexandria	$252	-13%
Arlington	$221	-10%
Henrico	$275	-5%
Newport News	$283	-2%
Norfolk	$287	-1%
Roanoke	$196	-32%
Virginia Beach	$246	-15%
Woodbridge	$266	-8%

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 more information about securing the best car insurance rates in Richmond? Consult the answers below.

How much is car insurance in Richmond?
The average cost of full-coverage insurance in Richmond is $290, a little higher than the average cost for the state of Virginia, at $253. Rates in Richmond are higher than in other large Virginia cities like Arlington and Alexandria.
What are the best car insurance companies in Richmond?
Auto-Owners Insurance, State Farm, and GEICO are the top insurers in Richmond. Each has an IQ Score of 4.0 or better, and Auto-Owners and GEICO offer several discounts. State Farm’s customer service is continually ranked among the industry’s best.
What’s the Virginia minimum car insurance coverage?
Drivers in Virginia must maintain coverage that amounts to at least $30,000 for injury or death of one person and $60,000 for injury or death of two or more. They must also maintain property damage coverage of $20,000. But on Jan. 1, 2025, these numbers will climb to $50,000, $100,000, and $25,000, respectively.

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.

More cities in Virginia

Popular cities

Sources

Virginia Department of Motor Vehicles. "Insurance requirements." Accessed July 25, 2023
Virginia DMV. "Four Point Violations." Accessed July 25, 2023
Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed July 25, 2023

Choncé Maddox

Choncé Maddox is a Certified Financial Education Instructor (CFEI) and personal finance freelance writer. She graduated from Northern Illinois University with a degree in Journalism and has been covering personal finance topics surrounding saving, debt payoff, credit, and home insurance for seven years. Chonce briefly held a life insurance license in Illinois where she developed a passion for helping people learn how to protect themselves and their property through insurance coverage. Her work has been featured on LendingTree, Business Insider, RateGenius and more.

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Edited byChris SchaferSenior Editor

Chris SchaferSenior Editor

15+ years in content creation
7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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Table of contents

Table of contentsCompare quotes

Find Car Insurance in Richmond

Best car insurance companies in Richmond

Best insurer for liability rates: Auto-Owners

Liability ratesAuto-Owners

Best insurer for drivers with a speeding ticket: GEICO

speeding ticketsGEICO

Best insurer for teen drivers: State Farm

Teen DriversState Farm

Cheapest liability-only car insurance in Richmond

Cheapest full-coverage car insurance in Richmond

Estimate your insurance costs

Select discounts that apply to you

Age

Credit Score

Are you insured

Your estimated deal

Select discounts that apply to you

Car insurance requirements in Virginia

Bodily injury liability coverage

Property damage liability coverage

Cheapest car insurance for drivers with an incident

Shop for Car Insurance in Richmond, Virginia

Cheapest car insurance for drivers with a speeding ticket

Cheapest car insurance for drivers with an at-fault accident

Cheapest car insurance for drivers with a DUI

Cheapest car insurance for seniors

Cheapest car insurance for teens

What Are the Best Cars for Teens to Drive?

How to get the cheapest car insurance in Richmond

Find Car Insurance in Richmond

Richmond car insurance quotes by credit tier

Rates by Credit Tier

Is car insurance more expensive in Richmond?

More cities in Virginia

Richmond car insurance FAQs

Methodology

Related articles

More cities in Virginia

Popular cities

Sources

Compare Car Insurance Quotes Instantly

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