Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.

Get Cheap Car Insurance in Monroe Ward, Richmond, VA

We monitor insurance prices, helping the average driver in Monroe Ward save up to 38.8% on car insurance.

 

Start Saving

;

The Cheapest Minimum Coverage in Monroe Ward

The chart below shows the cheapest car insurance company in Monroe Ward for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Metromile, followed by Geico, Farm Bureau, and Safeco Insurance.

 
Monroe Ward Insurer Monthly Cost
Metromile $46
Geico $52
Farm Bureau $55
Safeco Insurance $58

Savings for Every Kind of Monroe Ward Driver

The table shows how much the average auto insurance customer in Monroe Ward might save by following our recommendations.

Based on our extensive insurance data, we know the average Monroe Ward driver will save about 38% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $483 per year by choosing the right vehicle insurance company. Some Monroe Ward residents are paying out over $1,280 extra every year for auto insurance in Monroe Ward. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Monroe Ward, Richmond, VA Savings / Yr.
Drivers with good records
$483
Drivers with accidents
$824
Drivers with speeding tickets
$705
Drivers with a DUI conviction
$689
Young drivers
$1,127
Married drivers
$258
Drivers with bad credit
$465

Monroe Ward Car Insurance vs. Richmond

People living in Monroe Ward pay an average of 5.37% more than the typical driver in the state. The average driver in Monroe Ward can expect to pay about $886 per year, or $1,280 for full coverage.

Based on our analysis, Metromile will be the cheapest provider in Monroe Ward for most people.

Car Insurance Prices by Monroe Ward Neighborhood

Monroe Ward, Richmond, VA map of insurance costs by zip code and neighborhood

Insurance Prices

More expensive
Average
Less expensive

Where is insurance cheapest within Monroe Ward?

The map shows insurance prices in and around Monroe Ward, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $45 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $1,322 to a low of $1,277. Insurance prices tend to be higher for those living in the East area, and lower for those with homes in the North parts of Monroe Ward.

Pick the Best Car Insurance Company for You in Monroe Ward

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Monroe Ward insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Monroe Ward

For drivers with clean driving records and no major strikes, Metromile is the best option, with annual savings of $483 over the average Monroe Ward car insurance company.

Visit Site

We use the average good driver, paying $67 per month, as our baseline for pricing in Monroe Ward. Metromile, Elephant, and Safeco Insurance are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Monroe Ward drivers with accidents on their records

In Monroe Ward getting into an accident will raise premiums an average 40% for a yearly cost of $2,123. That's $843 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Metromile, and Farm Bureau are good choices for drivers with accidents.

In our analysis, Metromile saved the average person who had been in an accident the most, with annual savings averaging $824 over the competition.

Visit Site

The best car insurance company for Monroe Ward drivers with speeding tickets

>Metromile gave the average person with a speeding ticket the most savings, averaging $705 better than other car insurance companies.

Visit Site

Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Monroe Ward, tickets raise premiums on new quotes about $593. If you have a speeding ticket, we recommend State Farm, Metromile, and Farm Bureau for savings that beat the average insurance cost of $1,873 per year.

The best auto insurance for Monroe Ward drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,057 per year in auto insurance premiums, which was $777 more than a driver with no major issues. Farm Bureau, Clearcover, and Elephant penalized their customers the least for a DUI.

Getting a quote from Farm Bureau may cost the average person with a DUI about $689 less each year.

Visit Site

The least expensive car insurance company for new and young drivers in Monroe Ward

In Monroe Ward, Erie Insurance costs young drivers $1,127 less each year versus the average auto insurance bill.

Visit Site

Teen drivers account for more than their share of accidents, and thus end up paying about 69% more for insurance than more mature drivers in Monroe Ward. With an average cost of $4,088 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Geico, and Erie Insurance try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Monroe Ward

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $126. State Farm, Geico, and Farm Bureau provided the largest discounts to couples living in Monroe Ward.

Farm Bureau gave the largest car insurance discounts to married couples, averaging $258 saved each year compared to an average Monroe Ward couple's premiums.

Visit Site

The cheapest car insurance in Monroe Ward for drivers with bad credit

People with poor credit saved an average of $465 with Farm Bureau.

Visit Site

Many people are surprised that their poor credit score can cost them an average of $636 every year. Premiums for people with poor credit were about $1,917 in Monroe Ward. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from Geico, Farm Bureau, and Elephant.

The best Monroe Ward car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Monroe Ward, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks Erie Insurance as the best provider in Monroe Ward.

Nationwide was the best company for customer service in Monroe Ward according to the NAIC.

Visit Site

Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Monroe Ward, which was better than other insurers.

Visit Site

During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Monroe Ward. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Monroe Ward

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 96% of Monroe Ward residents who are renting, and don't plan to be in the neighborhood or city for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, Geico tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend Geico for pricing. The average Monroe Ward driver can expect to pay about $89 per month.

Visit Site

What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Monroe Ward, USAA has the best prices for young drivers, drivers with accidents, drivers with bad credit, married couples, drivers with speeding tickets, drivers with a DUI conviction, and good drivers.
Get USAA (An excellent choice if you qualify)

Auto Insurance Prices in and Around Monroe Ward

What Influences the Cost of Car Insurance in Monroe Ward?

On average, car insurance in Monroe Ward is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the neighborhood are influenced by the following factors:

  • The average commute time in Monroe Ward is 19 minutes, which is far less than average for a driver in the city.
  • Virginia state insurance regulations may allow for lower prices.
  • An average of 2 to 3 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Monroe Ward are among the lowest in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of C according to CrimeGrade.org.
  • Monroe Ward is one of the least populated areas in the state. The neighborhood’s density could result in a price decrease for drivers.

As a result of these and other factors, the average cost of car insurance in Monroe Ward is $74 per month for minimum coverage and $107 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Neighborhoods

Neighborhoods with Similar Populations

* Who is the average Monroe Ward driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Monroe Ward with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.