Car Insurance Quotes Richmond va

The average cost of car insurance in Richmond, Virginia, is approximately $2,262 per year for full coverage and $762 per year for minimum coverage. These rates are slightly higher than the Virginia state averages but still competitive compared to the national averages. Your actual insurance premiums can vary based on factors such as your zip code, driving history and the level of coverage you choose.

Virginia law mandates specific minimum liability coverage for all drivers, including bodily injury liability of $30,000 per person and $60,000 per accident and property damage liability of $25,000 per accident. Uninsured/underinsured motorist coverage is also required, matching your liability limits. Rates also differ significantly based on zip code, with areas experiencing higher rates of theft and claims generally having higher premiums.

While car insurance covers a broad range of incidents, it does not cover regular wear and tear, intentional damage, damage from racing or stunts, commercial use without proper coverage, or personal belongings inside the vehicle. Several insurance companies offer varying rates in Richmond; for instance, Travelers and USAA tend to have lower average rates for both minimum and full coverage compared to companies like Cincinnati and Geico

READ ALSO; Car Insurance Quotes WV

How much is car insurance in Richmond, Va?

Richmond, Virginia car insurance costs more for minimum coverage than the national average but less for full coverage. The full coverage and minimum coverage national averages are $2,678 and $799, respectively, each year. These yearly averages are $2,142 and $694 in Virginia, respectively. Richmond’s average rates, at $2,262 and $762, respectively, are marginally higher.

Legal Requirements to Drive in Richmond

The Virginia Department of Motor Vehicles states that the following standards for liability insurance coverage must be met by all drivers:

Bodily injury liability: $60,000 for each accident and $30,000 for each person. This covers the expenses if you cause harm to another person in an accident.
Property damage liability: 25,000 for every accident. If you are at fault for an accident, this helps to cover the cost of damages to another person’s property.
Uninsured/underinsured motorist coverage: The minimum is equal to your bodily injury and property damage liability limits. This safeguards you if a driver with insufficient insurance causes an accident with you.

Richmond, VA Affordable Car Insurance Rates by Zip Code

Your zip code has a big impact on your rates; you should expect higher premiums in zip codes with high thefts and claims. See our list of average monthly Richmond car insurance rates by zip code below.

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

Car insurance with a speeding ticket in Richmond Va

In comparison to the city average for full coverage car insurance, receiving a speeding ticket in Richmond may result in a 22% rise in your rates. You might want to check for car insurance providers that give low average rates to high-risk drivers if you have a speeding ticket conviction. Even though one ticket might not put you in this category, it will probably result in a rate increase.

Insurance company Average min coverage rate Average full coverage rate
Travelers………………………….$494………………………………………….$1,491
USAA……………………………….$525………………………………………….$1,530
Erie………………………………….$561…………………………………………..$1,894
Geico……………………………….$682…………………………………………..$2,101
Cincinnati…………………………$727………………………………………….$2,566

What Does Richmond Auto Insurance Not Cover?

Although Richmond car insurance provides several benefits, it’s equally important to know what it doesn’t cover. The exclusions include;

Regular wear and tear: Regular maintenance and normal wear and tear on your car over time are not covered by standard insurance. This covers items like tyre wear, oil maintenance, and brake repairs.
Intentional damage: Your insurance coverage will not cover any damage you purposefully inflict on your car. This covers deliberate crashes and vandalism.
Racing and stunts: Damage from participating in racing events, stunts, or other high-risk activities is typically excluded from coverage.
Commercial use: If you use your vehicle for personal business purposes, for example, delivery services or ridesharing, without proper coverage, any incidents that occur during these activities may not be covered.
Personal belongings: car insurance does not cover things like clothing, electronics, or other personal possessions that are inside your car. You would need homeowners’ or renters’ insurance for these items. For additional information please visit here

RELATED ARTICLE;

Car Insurance Quotes Without Personal Information

Car Insurance Quotes Columbia SC

Car Insurance Quotes Virginia

Frank Oduro