Compare Auto Insurance in Richmond
Richmond, Virginia, is one of the oldest and most historic major cities in the United States. With its importance during the Revolutionary and Civil wars, there's no questioning why it’s the state capital.
Of course, Richmond isn’t known only for the historical events that have happened in and around the city limits. It’s also known for its many historically relevant residents. For instance, the great Edgar Allen Poe grew up here. (Fun fact: The Edgar Allen Poe Museum is Richmond’s oldest building.)
Average Richmond Car Insurance Rates
How much is car insurance in Richmond, VA? Premiums vary depending on limits, coverage, your driving history, and the total number of claims filed in your zip code.
The average cost of auto insurance in Virginia is $750.85 per year. The national average price is $889.01.
|Total Cost Per Year||$750.85|
|Price Per Month||$62.57|
|Source: Facts + Statistics: Auto insurance|
The graph below shows the change in average Virginia rates from 2011 to 2015, the most recent year the data is available. According to the III, Virginia car insurance rates increased from $679 in 2011 to $750 in 2015, a jump of $71 dollars, or 10.48 percent.
Though we don't have as rich a history as Richmond, QuoteWizard does have a history of helping people save money on their car insurance policies. We can help you compare car insurance rates near Richmond, Virginia from national carriers and local agents. In fact, you could save up to 40 percent on your premium.
Last year, 3,466 people used QuoteWizard to compare quotes from multiple companies, and find the cheapest auto insurance rates in Richmond, VA.
Best Car Insurance Companies in Richmond, VA
This is our list of the most common insurance companies reported by QuoteWizard users living in Richmond, Virginia, last year. Of those 3,466 drivers, 118 were uninsured.
Other popular car insurance companies serving Richmond, Virginia: Erie, AIG, Safeco, Travelers, MetLife, Mercury, Hartford, and American Family.
Top 10 Vehicles in Richmond
These are the most common vehicles owned by Richmond, VA drivers who requested quotes through QuoteWizard last year.
- Honda Accord EX/LX
- Chevrolet Impala/LS
- Hyundai Sonata GLS
- Ford Explorer
- Ford Taurus SE
- Ford F150
- Lexus ES 300
- Ford Expedition
- Dodge Caravan
- Chrysler 300
Minimum Insurance Requirements in Richmond, VA
Richmond, Virginia, has a minimum coverage requirement known as the 25/50/20 rule. This means each policy must include at least:
- Individual Bodily Injury Liability (BIL): $25,000.
The maximum your insurer will pay for an individual person injured in a car accident.
- Total Bodily Injury Liability: $50,000.
The total your insurance company will pay for every person injured in a car accident.
- Property Damage Liability (PDL): $20,000.
The maximum your insurance carrier will pay for property damage caused by a car accident.
According to an Allstate Insurance report ranking "America's Best Drivers" by city, Richmond ranked 80th out of 200 cities for safe driving. While most US drivers go ten years without having an accident or filing a claim for an accident, drivers here file an accident claim every nine years.
Some factors that affect car insurance rates are weather, driving, and road conditions.
Richmond has a warm and humid climate. That means residents here enjoy hot summers. It also means they have no real dry season. On average, Richmond can expect 210 days a year with either full or partial sunshine. They also can expect around 113 days with measurable precipitation. Residents of Richmond are no strangers to dealing with snow and ice. In fact, they see around 14 inches of snowfall annually. That’s enough to make the roads slick and dangerous in winter.
Road conditions in Richmond are steadily getting worse. This means more vehicle damage and an increase in repair costs for the city’s drivers. According to TRIP, 65 percent of the major roads here are in poor or mediocre condition. These pothole-filled streets cost drivers $669 a year in extra operating costs.
According to TomTom's annual traffic index report, Richmond has the 66th worst traffic congestion in the United States. Of course, it could be worse, but it could also be a lot better. TomTom's data shows the average commuter spends an additional 12 minutes per hour stuck in traffic during rush hour and an additional 45 hours per year for those with 30-minute commutes.
Moving violations including speeding tickets, accidents, and drunk driving can add points to your driver's license and give you a bad driving record. If this happens, your insurer will label you a bad driver and force you to purchase high-risk auto insurance.
The Virginia Judicial System website explains how drivers can pay for traffic tickets and other offenses. In 2015, the Richmond Police Department issued 11,441 traffic summonses. That’s a 13 percent decrease from the 13,173 traffic summonses issued in 2014.
Red Light Cameras
The City of Richmond has equipped one of its busy intersections with a camera enforcement system as part of its PHOTOSafety program. Learn more about the program by visiting the PHOTOSafety program homepage.
If you're caught running a red light in Richmond, expect to pay a $50 fine. The good news is these violations are a civil offense, meaning no points are assessed and there is no impact to your insurance.
Richmond PD arrested 72 drivers for suspicion of driving under the influence (DUI) in 2015. Richmond has great public transit and access to cabs. In addition, both Uber and Lyft operate in the city, so there’s no reason for residents to risk a DUI. Paying for a ride home always costs much less than a DUI.
SR-22 DUI Insurance
If you've been convicted of a DUI and need to obtain an SR-22 form, request a quote, and we will connect you with local agents from top insurance companies that specialize in Richmond DUI insurance.
Nine people died due to Richmond traffic accidents in 2014. Two were pedestrians. Even though all such deaths are tragic, Richmond is a very safe city in terms of traffic fatalities considering its estimated population of 217,853.
Richmond Police recorded 2,906 accident reports in 2015. That's a decrease of 6 percent from the 3,099 accidents reported in 2014.
Vehicle Theft Rates
Richmond reported 927 vehicle thefts in 2016. This is a rate of 4.21 per 1,000 residents, twice the national rate of 2.20 stolen cars per 1,000 people.
Car Insurance Discounts in Richmond
Are you looking for cheap car insurance? Discounts are one of the best ways to lower your insurance rates. Below are only some of the car insurance discounts available to drivers in Richmond, VA. Get a free quote to find out which discounts you may qualify for.
- Bundle your auto policy with your homeowners, renters, or life insurance. Bundling is one of the best discounts because can save you more than any other single discount. Bundling insurance policies together under one insurer can knock as much as 15% off your premium
- Are you married or thinking of getting married soon? Some insurers offer a discount to married couples
- Have good credit. If your credit rating has recently improved, get a quote. You may find yourself paying a smaller premium
- Study hard in school and maintain at least a B grade point average to qualify for the good student discount
- Keep your driving record clean with no tickets or accidents and you may qualify for the accident-free or safe driver discount
- Drivers 55 and older could qualify for either the senior discount or the 55 and retired discount
- Live in a safe neighborhood with low crime and good drivers where residents file few insurance claims. Residents of zip codes with high crime and poor driving conditions file more of the claims that lead to higher rates
- Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
- Take a defensive driving course at an accredited driving safety school
- Shop around and compare affordable Richmond car insurance quotes
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