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Cheap Car Insurance in Richmond, Virginia

Illustration of van driving by Freeway Insurance headquarters

As one of America’s oldest cities, Richmond, VA is deeply immersed in cultural and historical tradition. It features 300+ historical markers and the world-renowned James River, which cuts through its downtown area unlike any other metropolitan region in the country. Richmond also has a thriving food scene with National Geographic ranking it as one of the top 10 places to travel for food.

Other popular Richmond attractions residents and visitors can enjoy include Maymont, the Lewis Ginter Botanical Garden, and the Virginia Museum of Fine Arts.

The state of Virginia requires every driver to carry Virginia car insurance. Read more about car insurance in Richmond, including the average rates paid by zip code, age group, and nearby cities.

Quick Facts

  • The population of Richmond is 226,622 (2019).
  • Before the Revolutionary War, the phrase “Give me liberty or give me death” was said by Patrick Henry at Richmond’s St. John’s Church.
  • Richmond is the capital of Virginia.
  • In 2019, there were 14 fatal road traffic accidents in Richmond.

How Much Does Car Insurance Cost in Richmond, Virginia?

In Richmond, drivers pay an average monthly rate of $102 for full coverage car insurance. This figure is lower than both the national average ($140) and the state average ($109).

For the state-required minimum liability auto insurance, Richmond drivers will pay an average of $38 per month, lower than the national average of $47 and close to the state average of $37. This basic liability coverage includes bodily injury/death liability and property damage liability.

Liability, collision auto insurance and comprehensive car insurance together are considered full coverage. Many drivers choose to carry it for greater financial protection, while some motorists are required to carry full coverage by their lender.

How does Richmond compare with other cities in Virginia? Here is a breakdown of average monthly car insurance costs for other cities in the state.

City Full Coverage Insurance Liability Insurance Coverage
Richmond $102 $38
Alexandria $105 $40
Newport News $97 $37
Norfolk $112 $41
Virginia Beach $104 $40

Richmond, VA Affordable Car Insurance Rates by Zip Code

Your zip code plays a significant role in the rates that you pay. Expect zip codes with a higher number of moving violations, thefts, and claims to have higher premiums.

Check out our list below for average monthly car insurance prices by zip code in Richmond.

Zip Code Full Coverage Insurance Liability Insurance Coverage
23219 $113 $41
23220 $111 $41
23221 $102 $38
23222 $114 $43
23223 $114 $42
23224 $114 $42
23225 $106 $39
23226 $102 $38
23227 $104 $38
23230 $103 $39
23232 $105 $38
23234 $107 $40
23236 $103 $38
23237 $104 $38
23260 $114 $42
23297 $114 $42
23298 $111 $41

Low-Cost Car Insurance Rates by Age in Richmond, Virginia

Age plays a large part in determining the cost of car insurance premiums. Generally, the younger you are, the higher your monthly bill due to an overall riskier driving profile and the fact you do not have a long driving record. Finding the cheapest car insurance in Richmond may mean you need to be a little bit older.

Check out our list below for monthly average car insurance prices by age in Richmond.

Age Full Coverage Insurance Liability Insurance Coverage
Teen $351 $134
20s $122 $45
30s $107 $40
40s $93 $36
50s $89 $35
60s $97 $38
70s $119 $48

Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.

Driving Conditions in Richmond, Virginia

How Many Fatal Accidents Happen in Richmond, VA?

In 2019, there were 14 fatal road traffic accidents in Richmond. Of these, there were 20 total vehicles involved, with two of the accidents involving drunk people.

How Are the Road Infrastructure and Bridges in Richmond?

The Capital Projects (CIP) & Transportation Projects department in Richmond work around the clock on roads and infrastructure in the city. Completed projects include the repair of the 1000 West Avenue sidewalk, public improvements to the Grove, Libbie, and Patterson corridor, and traffic calming improvements at Dorset Road.

For more information on bridgework in the city of Richmond, Virginia, visit

Get a Quote for Car Insurance in Virginia Today!

Minimum Car Insurance Requirements in Richmond, Virginia

Here is the minimum liability car insurance coverage required by law in Virginia:

  • Bodily injury: $30,000 per person
  • Bodily injury: $60,000 per accident
  • Property damage: $20,000 per accident

For the greatest peace of mind, go with a full coverage policy over a state minimum policy. Full coverage policies have higher liability limits, resulting in fewer out-of-pocket costs in an accident.

What Are the Penalties for Driving Without Insurance in Richmond?

Do not think of driving without car insurance in Richmond, Virginia.

If you are caught driving without car insurance in Richmond, expect to be served a Class 3 misdemeanor and have your license and vehicle registration suspended, including a $500 fine and required filing of an SR-22. This certificate proves you are carrying the state minimum amount of coverage. Expect your premiums to rise significantly as a result.

Remember, Virginia’s minimum liability insurance requirements are $30,000 for bodily injury/death per person, $60,000 for bodily injury/death per accident, and $20,000 for property damage.

Other infractions requiring Richmond drivers to file an SR-22 include driving under the influence (DUI), driving while intoxicated (DWI), driving with a suspended license, and being charged for repeated traffic offenses within a short period.

Factors Allowed in Richmond, VA Car Insurance Rates

Insurance carriers take your age, gender, and zip code of residence into account to determine car insurance rates.

Other factors affecting Richmond car insurance rates include:

  • Driving record
  • Marital status
  • Education
  • Occupation
  • Make and model of vehicle

Note: insurance estimates by make and model vary significantly. For example, a $60,000+ BMW could cost $2,000+ in annual premiums versus less than $1,500 for an older Honda Accord EX-L. Annual premiums are determined based on passenger safety features, parts and repair costs, and other associated costs.

Discounts for Car Insurance in Richmond, Virginia

Insurance carriers are known for offering discounted insurance based on good driving behaviors.

Discounts available to Richmond drivers include but are not limited to:

Check in with your insurance agent regularly to stay on top of savings, especially as your life circumstances change. For example, bundling your home insurance and auto insurance policy could result in 5% savings from each one. You can find the cheapest car insurance in Richmond, VA this way.

Get an Online Quote for Low-Cost Car Insurance in Richmond Today!

Downtown Richmond, Virginia skyline and the James River at twilight.

All Richmond drivers can benefit from an affordable car insurance policy. Let a Freeway Insurance agent put you on the right path to explore all of your available options.

To get started, request a fast and free car insurance quote online, visit us at a Richmond location, or call us at 800-777-5620.