Table of contents
How much is car insurance in Richmond Hill?
|Area||Average Monthly Car Insurance Premium|
As you can tell from the chart above, the cost of coverage in Richmond Hill is about $100 a month more expensive than the rest of New York.
Likewise, Richmond Hill residents will likely pay higher rates for their insurance policy than the rest of the country. The cost of auto coverage in Richmond Hill is about $218 more expensive than the national average.
Keep in mind that while these are the average car insurance rates for Richmond Hill, it isn't guaranteed that it's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in your policy's monthly price.
Don't sweat it however, we've broken down average rates for Richmond Hill residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP Code below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The more time you have behind the wheel, the more experienced of a driver you should be. That experience can really work in your favor when it comes to auto insurance. As you can see, 18-24-year-olds pay two times as much as someone who is retirement aged.
You can expect to see your monthly premium drop every 10 years or so. Once you hit retirement age, however, you may see your rates begin to increase again in Richmond Hill.
Average Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. In Richmond Hill, male drivers pay about $83 more per month. Based on the chart above, you can see that male drivers pay $310 on average, while female drivers typically pay $227 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the biggest factors in determining your car insurance rates is your driving record. Those with fewer accidents and tickets will pay less than those with multiple infractions. Drivers in Richmond Hill with a single accident will pay around $274 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $144.
When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$265|
|15 Years or Older||$265|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Richmond Hill, with drivers paying around $174 per month for auto insurance coverage.
SUV drivers will see rates of about $213, while the rates for car owners average out to about $354 a month.
You may also see different rates based on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. Once your car is a few years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Richmond Hill are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$307|
Generally speaking, people who are married will pay slightly less for auto insurance. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
At a national level, single drivers usually pay more than married couples do for auto insurance. Richmond Hill follows that pattern, with the difference totaling to around $108 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$305|
One other element taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $130 less than those who own their own home in Richmond Hill. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance costs.
Car Insurance Companies in Richmond Hill, NY
Recent trends in car insurance for Richmond Hill 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 selecting an auto insurance policy.
The cost of car insurance coverage in Richmond Hill rose from 2016-2018, when they hit a low of $187. This leveled out in 2019, when car insurance rates started to rise. They reached a high of $322 in 2020, and finished down in 2021, at $213 per month.
How does Richmond Hill compare to neighboring areas?
Why are car insurance rates in Richmond Hill different from other areas?
There are a variety of factors car insurance companies will consider when choosing how much to charge for a monthly rate. The price of your insurance policy will depend largely on your home address and will be influenced by things such as:
- Road safety
- Area regulations
- Regional crime rates
- Availability of off-street parking
- Total drivers
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Richmond Hill?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
But wait! Compare.com can handle all of this for you. Enter your ZIP below, answer a few questions on you and your car, and you'll be quickly comparing the cheapest quotes from the many car insurance companies offering coverage in Richmond Hill.
Richmond Hill Insurance FAQs
What factors affect car insurance quotes in Richmond Hill?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, plus your marital status, address, credit score, and driving record.
Why is the cost of car insurance in Richmond Hill different from other neighboring cities?
Things like crime rates, local laws, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Richmond Hill?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Richmond Hill?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
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 Hill or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?