7+ years writing insurance and personal finance content
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Choncé was a licensed life insurance agent before becoming a freelance personal finance writer. She’s passionate about helping people learn to protect themselves with insurance.
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Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Mark FriedlanderDirector, Corporate Communications, Triple-I
Corporate communications director for Insurance Information Institute
20+ years in insurance and communications
As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.
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Cheapest recent rates near Richmond, Virginia
Drivers using Insurify have found quotes as cheap as $37/mo for liability only and $82/mo for full coverage in Richmond and other Virginia cities.
*Quotes generated for Insurify users in and around Richmond, Virginia within the last 10 days. Last updated on October 30, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users in and around Richmond, Virginia within the last 10 days. Last updated on October 30, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
The overall average cost of car insurance in Richmond is $155 per month, which is higher than the state average of $138 per month. Rates may be higher because of Richmond’s location near the coast and status as Virginia’s capital.
But your rates may vary depending on your age, driving history, and other factors. And you can compare quotes to find affordable coverage in the city. Here’s what you need to know before shopping for car insurance.
Quick Facts
The average cost of car insurance in Richmond is $115 per month for liability coverage and $196 for full coverage.
Auto-Owners is the cheapest full-coverage insurer in Richmond, with rates starting at $84 per month.
Starting in 2025, Virginia’s minimum-liability coverage requirements will increase considerably.[1]
3 of the cheapest 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’s 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.
Insurance Company
▲▼
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
▲▼
Full Coverage
▲▼
Liability Only
▲▼
Best For
▲▼
Auto-Owners
8.5
$66
$36
Liability coverage
GEICO
9.0
$91
$49
Drivers with a speeding ticket
State Farm
9.3
$68
$37
Teen drivers
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.
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.5/10
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.
$44/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.
$84/mo
Auto-Owners has 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
Higher-than-average customer satisfaction in J.D. Power's 2023 U.S. Auto Claims Satisfaction Study
We had no problem with Auto-Owners regarding our auto insurance. However, we were disappointed when Auto-Owners cancelled our home insurance. They stopped all home insurance in 'fire prone areas'.
Martha - October 28, 2024
Verified
Good
The premiums keep increasing.
Lawrence - October 24, 2024
Verified
Honest Answers to Questions
Please refer to my answers to the previous questions.
…
Best insurer for drivers with a speeding ticket: GEICO
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
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.
$62/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.
$115/mo
GEICO 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, such as home and auto.
Pros
High customer ratings
Several discount options, including savings for completing an approved defensive driving course
Cons
Gap coverage for rideshare insurance not available
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
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.
$45/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.
$85/mo
State Farm, the largest U.S. auto insurer by market share, 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 telematics program to receive a discount.
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 only available to long-time customers
The insurance is higher than other companies' policies.
Marsha - October 29, 2024
Verified
Friendly agents!
Check out their prices!
Linda - October 29, 2024
Verified
I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.
I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.
…
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. Car insurance companies can consider your credit history to predict how likely you are to file a claim, so it’s important to maintain good credit 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.
Compare Richmond Car Insurance Quotes Today
Liability rates start as low as $44/mo.
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Cheapest liability-only car insurance in Richmond: Auto-Owners
If you’re at fault for an accident, liability-only car insurance covers damage to the other person’s vehicle and their medical expenses. In Richmond, drivers pay an average of $115 per month for liability coverage.
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: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Average Monthly Quote
▲▼
Auto-Owners
$44
State Farm
$45
GEICO
$62
USAA
$62
Mercury
$64
Chubb
$68
Clearcover
$70
Erie
$70
Nationwide
$80
Midvale Home & Auto
$82
Safeco
$90
Direct Auto
$94
Progressive
$96
Allstate
$97
Elephant
$99
State Auto
$103
National General
$112
GAINSCO
$121
AssuranceAmerica
$122
Dairyland
$125
Travelers
$129
CSAA
$139
Liberty Mutual
$148
Bristol West
$153
The General
$181
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 at-fault accident.
Cheapest full-coverage car insurance in Richmond: Auto-Owners
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. In Richmond, drivers pay an average of $196 per month for full coverage. Here are some of the cheapest full-coverage car insurance rates in Richmond.
The below rates are estimated rates current as of: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Average Monthly Quote
▲▼
Auto-Owners
$84
State Farm
$85
GEICO
$115
USAA
$115
Clearcover
$122
Chubb
$126
Erie
$132
Mercury
$140
Midvale Home & Auto
$140
Safeco
$140
Nationwide
$149
Direct Auto
$165
State Auto
$168
Elephant
$178
Allstate
$179
Progressive
$183
AssuranceAmerica
$202
National General
$218
CSAA
$220
Travelers
$240
Liberty Mutual
$244
GAINSCO
$286
Bristol West
$301
Dairyland
$305
The General
$347
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 recent rates near Richmond, Virginia
Drivers using Insurify have found quotes as cheap as $37/mo for liability only and $82/mo for full coverage in Richmond and other Virginia cities.
*Quotes generated for Insurify users in and around Richmond, Virginia within the last 10 days. Last updated on October 30, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users in and around Richmond, Virginia within the last 10 days. Last updated on October 30, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from October 30, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
Car insurance requirements in Virginia
Most states require drivers to have minimum or liability-only insurance. Virginia will increase its minimum requirements on Jan. 1, 2025, to $50,000/$100,000 for bodily injury liability and $25,000 for property damage liability. Here are the current car insurance requirements that Virginia drivers must have:[1]
Coverage
▲▼
Minimum Requirements
▲▼
Bodily injury liability
$30,000 per person / $60,000 per accident
Property damage liability
$20,000 per accident
Virginia also requires insurers to include uninsured motorist coverage in policies, but you can opt out of this coverage by notifying the insurer in writing. These are just minimum requirements. You might consider adding these coverages to their policies for more protection:
Comprehensive coverage
Comprehensive coverage pays for vehicle repairs after non-collision incidents, such as severe weather damaging your car, theft, vandalism, and more.
Collision coverage
Collision coverage pays for car repairs after you hit a stationary object or another car, regardless of fault.
Gap coverage
Also called guaranteed asset protection, gap insurance pays the difference between your auto loan balance and insurance settlement in the event of a total loss.
Roadside assistance coverage
Roadside assistance helps cover the costs of towing, labor, and other services if your car breaks down.
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 for several years, as will other infractions like speeding tickets and driving under the influence.[2]
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: Auto-Owners
If you receive a citation for speeding, it can show up on your driving record and, depending on your insurer, could increase your rates. Richmond drivers pay an overall average of $212 per month for coverage with a speeding ticket.
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: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Clean Driving Record
▲▼
With Speeding Ticket
▲▼
Auto-Owners
$44
$57
State Farm
$45
$57
GEICO
$62
$79
USAA
$62
$79
Mercury
$64
$88
Chubb
$68
$88
Clearcover
$70
$91
Erie
$70
$92
Nationwide
$80
$103
Safeco
$90
$116
Direct Auto
$94
$120
Progressive
$96
$122
Allstate
$97
$124
Elephant
$99
$137
State Auto
$103
$143
National General
$112
$144
GAINSCO
$121
$167
AssuranceAmerica
$122
$157
Dairyland
$125
$160
Travelers
$129
$166
CSAA
$139
$181
Liberty Mutual
$148
$205
Bristol West
$153
$195
The General
$181
$234
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: Auto-Owners
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.
Richmond drivers pay an overall average of $217 per month for coverage after an at-fault accident. 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: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Clean Driving Record
▲▼
With Accident
▲▼
Auto-Owners
$44
$59
State Farm
$45
$59
GEICO
$62
$83
USAA
$62
$82
Mercury
$64
$91
Chubb
$68
$91
Clearcover
$70
$100
Erie
$70
$95
Nationwide
$80
$107
Safeco
$90
$117
Direct Auto
$94
$128
Progressive
$96
$129
Allstate
$97
$129
Elephant
$99
$129
State Auto
$103
$150
National General
$112
$150
GAINSCO
$121
$154
AssuranceAmerica
$122
$161
Dairyland
$125
$165
Travelers
$129
$173
CSAA
$139
$192
Liberty Mutual
$148
$211
Bristol West
$153
$202
The General
$181
$245
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: Auto-Owners
Driving under the influence is a serious offense that stays on your driving record for 11 years in Virginia. Having a DUI on your motor vehicle record is a major red flag for insurers, and they may raise your rates significantly or refuse to renew your policy. They may even cancel your policy mid-term, depending on the severity of the DUI infraction.
Richmond drivers pay an overall average of $248 per month for coverage with a DUI conviction on their records. Here are some of the rates Richmond insurers are offering for drivers with a DUI.
The below rates are estimated rates current as of: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Clean Driving Record
▲▼
With Accident
▲▼
Auto-Owners
$44
$72
State Farm
$45
$73
GEICO
$62
$101
USAA
$62
$101
Mercury
$64
$95
Chubb
$68
$111
Clearcover
$70
$114
Erie
$70
$114
Nationwide
$80
$130
Safeco
$90
$146
Direct Auto
$94
$153
Progressive
$96
$156
Allstate
$97
$158
Elephant
$99
$161
State Auto
$103
$167
National General
$112
$182
GAINSCO
$121
$197
AssuranceAmerica
$122
$198
Dairyland
$125
$203
Travelers
$129
$210
CSAA
$139
$226
Liberty Mutual
$148
$241
Bristol West
$153
$249
The General
$181
$294
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: Auto-Owners
Generally, seniors have the cheapest car insurance rates of any age group. But rates typically rise for senior drivers around age 70 because of a heightened risk of accidents. This is, in part, due to slower reflexes but also to the increased risk of costly medical claims in the event of an accident.[3]
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. Senior drivers in Richmond pay an overall average of $120 per month for car insurance.
Here are some of the best monthly insurance quotes for seniors in Richmond.
The below rates are estimated rates current as of: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Full Coverage
▲▼
Liability Only
▲▼
Auto-Owners
$64
$33
State Farm
$64
$34
Chubb
$89
$48
GEICO
$89
$48
USAA
$89
$48
Erie
$96
$51
Clearcover
$98
$56
Mercury
$105
$48
Nationwide
$107
$58
Safeco
$114
$73
State Auto
$123
$76
Direct Auto
$124
$71
Progressive
$126
$66
Allstate
$139
$75
Elephant
$140
$78
AssuranceAmerica
$148
$89
National General
$162
$83
CSAA
$164
$104
Travelers
$182
$98
Liberty Mutual
$197
$119
GAINSCO
$232
$98
Bristol West
$233
$118
Dairyland
$235
$96
The General
$274
$143
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: Auto-Owners
Young drivers and teens also pay higher insurance rates than the general population. This is because insurers find that drivers younger than 25 get into more accidents and are more likely to engage in risky driving habits.[4] Richmond teen drivers pay an overall average of $282 per month for car insurance.
Some insurers offer discounts for student-age drivers who earn good grades or who complete a driver safety program. Young drivers may also save by staying on their parents’ insurance. Drivers younger than 18 won't be able to buy their own policies without the written consent of a parent or guardian.
Here are the cheapest insurers for teen drivers in Richmond.
The below rates are estimated rates current as of: Sunday, September 1 at 12:00 PM PDT.
Insurance Company
▲▼
Full Coverage
▲▼
Liability Only
▲▼
Auto-Owners
$146
$76
State Farm
$148
$78
GEICO
$187
$101
USAA
$196
$106
Erie
$227
$120
Clearcover
$239
$137
Chubb
$242
$131
Mercury
$257
$117
Nationwide
$263
$141
Safeco
$285
$183
Elephant
$298
$166
State Auto
$305
$187
Direct Auto
$307
$175
Allstate
$323
$175
Progressive
$333
$175
CSAA
$365
$231
AssuranceAmerica
$380
$229
National General
$438
$225
Liberty Mutual
$441
$268
Travelers
$442
$238
GAINSCO
$510
$216
Dairyland
$512
$210
Bristol West
$520
$265
The General
$566
$295
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.
Virginia is one of many states that allow insurers to use your credit history 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.
But 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 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 overall average cost of car insurance in Richmond is $155 per month, which is a little higher than the average cost for the state of Virginia of $138 per month. Insurance in Richmond is much higher than in other large Virginia cities like Arlington and Alexandria.
Drivers in larger cities with more traffic may pay higher car insurance rates, especially if there are more accidents or higher vehicle repair costs.
More cities in Virginia
Here’s how average monthly car insurance quotes differ in other Virginia cities compared to Richmond.
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 car insurance in Richmond is $115 per month for liability coverage and $196 for full coverage.
What are the best car insurance companies in Richmond?
Auto-Owners, State Farm, and GEICO are the top insurers in Richmond. Each has a high IQ Score, and Auto-Owners and GEICO offer several discounts. State Farm’s customer service is continually ranked among the industry’s best.
What are the cheapest car insurance companies in Richmond?
Auto-Owners, State Farm, and GEICO are the cheapest liability auto insurance companies in Richmond. These insurers have rates as low as $44, $45, and $62 per month, respectively.
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. Insurers also must include uninsured motorist coverage in auto policies, but you can decline the coverage by sending a letter to your insurer.
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.
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.
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.
Mark FriedlanderDirector, Corporate Communications, Triple-I
Corporate communications director for Insurance Information Institute
20+ years in insurance and communications
As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.
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Auto-Owners
GEICO
State Farm
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