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 Richmond, KY
We monitor insurance prices, helping the average driver in Richmond save up to 29.1% on car insurance.
The Cheapest Minimum Coverage in Richmond
The chart below shows the cheapest car insurance company in Richmond 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 Farm Bureau, followed by State Farm, Travelers, and Geico.
| Richmond Insurer | Monthly Cost |
|---|---|
| Farm Bureau | $59 |
| State Farm | $59 |
| Travelers | $86 |
| Geico | $93 |
Savings for Every Kind of Richmond Driver
Based on our extensive insurance data, we know the average Richmond driver will save about 25% 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 $524 per year by choosing the right vehicle insurance company. Some Richmond residents are paying out over $2,073 extra every year for auto insurance in Richmond. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Richmond, KY Savings / Yr. |
|---|---|
$524 |
|
$859 |
|
$845 |
|
$855 |
|
$1,692 |
|
$566 |
|
$907 |
Richmond Car Insurance vs. Kentucky
People living in Richmond pay an average of 2.87% less than the typical driver in the state. The average driver in Richmond can expect to pay about $1,067 per year, or $2,073 for full coverage.
Based on our analysis, Farm Bureau will be the cheapest provider in Richmond for most people.
Car Insurance Prices by Richmond Neighborhood
Insurance Prices
Where is insurance cheapest within Richmond?
The map shows insurance prices in and around Richmond, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $263 per year within the city boundaries, with insurance premiums ranging from a high of $2,231 to a low of $1,968. Insurance prices tend to be higher for those living in the East area, and lower for those with homes in the West parts of Richmond.Pick the Best Car Insurance Company for You in Richmond
The best car insurance provider for most drivers in Richmond
For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $524 over the average Richmond car insurance company.
The best car insurance provider for Richmond drivers with accidents on their records
In our analysis, Farm Bureau saved the average person who had been in an accident the most, with annual savings averaging $859 over the competition.
The best car insurance company for Richmond drivers with speeding tickets
>Farm Bureau gave the average person with a speeding ticket the most savings, averaging $845 better than other car insurance companies.
The best auto insurance for Richmond drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $855 less each year.
The least expensive car insurance company for new and young drivers in Richmond
In Richmond, State Farm costs young drivers $1,692 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Richmond
State Farm gave the largest car insurance discounts to married couples, averaging $566 saved each year compared to an average Richmond couple's premiums.
The cheapest car insurance in Richmond for drivers with bad credit
The best Richmond car insurance company for customer service
Recent price drops
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The cheapest large national provider in Richmond
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Richmond driver can expect to pay about $144 per month.
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 Richmond, USAA has the best prices for drivers with a DUI conviction, drivers with speeding tickets, married couples, drivers with bad credit, drivers with accidents, young drivers, and good drivers.Auto Insurance Prices in and Around Richmond
What Influences the Cost of Car Insurance in Richmond?
On average, car insurance in Richmond is actually less expensive than the rest of the state. These low 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 city are influenced by the following factors:
- The average commute time in Richmond is 29 minutes, which is a little less than average for a driver in the state.
- Kentucky state insurance regulations may require higher prices.
- An average of 0 weeks with snow on the ground, which impacts accident rates.
- Marriage rates in Richmond are among the lowest in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are moderate, with a Vehicle Theft Crime Grade of D according to CrimeGrade.org.
- Richmond is one of the most densely populated areas in the state. The city’s density could result in a price increase for drivers.
As a result of these and other factors, the average cost of car insurance in Richmond is $89 per month for minimum coverage and $173 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 Cities
- Reeds Crossing: Insurance costs 1.54% more
- Million: Insurance costs 0.53% less
- Caleast: Insurance costs 0.92% more
- Newby: Insurance costs 1.50% more
- Terrill: Insurance costs 0.87% less
- Redhouse: Insurance costs 1.11% less
- Moberly: Insurance costs 0.19% less
- Union City: Insurance costs 1.64% less
- Whites: Insurance costs 0.24% less
- Duncanon: Insurance costs 3.28% less
Cities with Similar Populations
- Friendswood: Insurance costs 15.53% less
- Mount Prospect: Insurance costs 19.15% less
- San Jacinto: Insurance costs 4.15% more
- Statesboro: Insurance costs 18.43% less
- Fuquay-Varina: Insurance costs 37.87% less
- Four Corners: Insurance costs 22.43% more
- Fairfield: Insurance costs 0.43% less
- Edmonds: Insurance costs 23.40% less
- Diamond Bar: Insurance costs 7.72% more
- Delano: Insurance costs 0.29% more