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How much is car insurance in Richmond?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Richmond are on par with what you would pay anywhere else in California.
That being said, the expected monthly payments for an auto insurance policy in Richmond are below the national average. You can expect to pay about $21 less for your policy in Richmond than in the rest of U.S.
Keep in mind that while these are the average car insurance rates for Richmond, it isn't guaranteed that it's what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.
We've analyzed the average rate for Richmond and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. When it comes to car insurance premiums, that experience can really pay off. According to the table above, you can see that 18-24-year-olds pay twice as much as someone who is at retirement age.
For every ten years older you get, you can expect to see a drop in your monthly premium. That said, once you hit retirement, your rates may begin to increase again in Richmond.
Average Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. The difference in Richmond is about $9 a month. Looking at the table above, you can see that female drivers pay around $54 on average, while male drivers typically pay $63 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. The rate for drivers in Richmond with a single accident on their record is about $87 a month. Similarly, drivers with one ticket will typically pay around $53 on average.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$47|
|15 Years or Older||$69|
The cheapest vehicles to insure in Richmond are usually SUVs, with each type typically costing about $49 per month.
Truck and van drivers will see rates of about $53, while the rates for car owners average out to about $62 per month.
Your rates can also vary depending on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. The most expensive vehicles to insure in Richmond are vehicles fifteen years and older.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$63|
Overall, married policyholders will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor many companies offer special discounts for.
The cost of auto insurance in Richmond reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $17 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$80|
Your housing situation is another factor that affects your monthly rate. Homeowners in Richmond can expect to pay around $13 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average premiums, depending on your insurance company.
Car Insurance Companies in Richmond, CA
Recent trends in car insurance for Richmond drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when deciding when and where to shop.
In Richmond, the rates for car insurance rose from 2016-2018, when they reached a high of $81, but began to decrease from 2019-2020. They finished down in 2021, at $46.
How does Richmond compare to neighboring areas?
Why are car insurance rates in Richmond different from other areas?
When considering how much to charge for coverage, car insurance companies will review many factors. The specifics of your home address will have an impact on your personal policy. This might include things like:
- Regional crime rates
- Off-street parking accessibility
- Road Safety (frequency of car accidents)
- Local regulations
- Total number of drivers in the area
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.
How can I find the cheapest car insurance in Richmond?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com can handle all of this for you. Just punch in your ZIP Code below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from several of the car insurance companies providing policies in Richmond.
Richmond Insurance FAQs
What factors affect car insurance quotes in Richmond?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Richmond different from other neighboring cities?
Parking situations, crime rates, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Richmond?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Richmond?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Richmond or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?