Cheapest Car Insurance Quotes in Richmond

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Richmond Car Insurance

^$ 19

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Richmond

The car insurance rate in Richmond is $607 for a six-month policy, which is $60 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $368, making it a popular choice for budget-conscious drivers. Rates in Richmond can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Richmond

$607

Avg. Car Insurance in Indiana

$667

National Average

$1140

Cheapest Car Insurance Companies in Richmond

1st place: AutoOwners Insurance Co

At $368 for a six month policy, AutoOwners Insurance Co offers the cheapest auto insurance rates in the city.

2nd place: Westfield

Westfield offers auto insurance rates at $373 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Nationwide

Nationwide offers auto insurance rates at $465 for six months, making it the third cheapest auto insurance company in Richmond.

Richmond Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Richmond, IN is AutoOwners Insurance Co, offering policies at just $368 for a six-month term. This is followed by Westfield, which has an average six-month premium of $373.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1125 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Richmond drivers find the best deals.

Cheap Car Insurance Companies in Richmond, IN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$368	$61
Westfield	$373	$64
Nationwide	$465	$78
American Family	$481	$81
USAA	$513	$86
Hastings Mutual	$519	$87
Travelers	$573	$96
Hastings Insurance	$584	$99
Progressive	$600	$101
Auto-Owners	$622	$105
State Farm	$833	$140
Farm Bureau	$838	$143
Allstate	$1125	$189

Key Takeaways

Way's key takeaways about car insurance in Richmond

The auto insurance costs in Richmond fall around $368 for six months.
The cheapest auto insurance company in Richmond is Westfield.
Teen drivers pay the highest rate in Richmond at $500 per month.

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Cheapest Minimum Liability Car Insurance in Richmond

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Richmond are given below.

Westfield provides the cheapest minimum car insurance coverage in Richmond. Their Average 6 Month Premium is $114. Farmers is the most expensive at $206 for the same period.

Cheapest Liability Coverage in Richmond, IN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$114	$19
USAA	$146	$25
Auto-Owners Insurance Co	$151	$25
Hastings Mutual	$162	$27
Indiana Farmers	$167	$28
American Family	$184	$31
Auto-Owners	$184	$31
Progressive	$195	$33
Grange	$200	$34
Travelers	$206	$35
SafeAuto	$222	$37
State Farm	$238	$40
Farm Bureau	$270	$46
Allstate	$443	$75
Farmers	$206	$35

Cheapest Full Coverage Car Insurance in Richmond

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Richmond is AutoOwners Insurance Co at $61 per month and $368 for six months.

Cheapest Full Coverage Car Insurance Quotes in Richmond, IN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$368	$61
Westfield	$373	$64
Nationwide	$465	$78
American Family	$481	$81
USAA	$513	$86
Hastings Mutual	$519	$87
Travelers	$573	$96
Hastings Insurance	$584	$99
Progressive	$600	$101
Auto-Owners	$622	$105
State Farm	$833	$140
Farm Bureau	$838	$143
Allstate	$1125	$189

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Average Car Insurance in Richmond by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Richmond, IN increasing?

Despite maintaining a clean driving record, your car insurance rates in Richmond, Indiana, may be increasing due to several external factors. Indiana has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Richmond's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Richmond

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
30s	USAA	$390
40s	USAA	$366
50s	USAA	$346
60s	USAA	$360
70s	Buckeye Insurance Group	$385

Cheapest Car Insurance Rates for Teen Drivers in Richmond,IN

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the Richmond at $23 per month. At $2940 for a six-month premium, Farm Bureau offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$136	$23
Auto-Owners Insurance Co	$195	$33
Grange	$211	$35
USAA	$432	$73
Travelers	$654	$110
Progressive	$757	$127
American Family	$1319	$222
Auto-Owners	$1757	$293
State Farm	$1827	$310
Allstate	$2173	$362
Farm Bureau	$2940	$500

Teen Car Insurance Rates in IN by Age

Way Tip

If you are in your twenties USAA is the best choice for car insurance in Richmond.

As young drivers face the highest rates in Richmond, USAA offers the cheapest auto insurance rates at $390 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Richmond, Westfield is the cheapest car insurance provider. At $217 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Richmond is State Farm, offering rates of around $2654 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$217	$36
Nationwide	$254	$43
Grange	$270	$46
Travelers	$600	$101
Progressive	$632	$106
USAA	$692	$117
American Family	$741	$125
Allstate	$897	$151
Farm Bureau	$1708	$285
Auto-Owners	$1844	$313
State Farm	$2654	$442

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Car Insurance Rates with An Accident in Richmond

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Richmond, IN, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Richmond

The cheapest car insurance companies after an at-fault accident in Richmond include AutoOwners Insurance Co and Indiana Farmers, offering $211 and $217, respectively. Allstate is an expensive provider with an average six-month premium of $1789.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$211	$35
Indiana Farmers	$217	$36
Grange	$238	$40
Farmers	$276	$47
USAA	$368	$62
Travelers	$427	$72
Auto-Owners	$438	$74
Progressive	$470	$79
State Farm	$502	$85
American Family	$686	$116
Farm Bureau	$1249	$208
Allstate	$1789	$304

Richmond Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Richmond IN. For example, the car insurance in Richmond after a DUI increases to $686 for a six month policy. While the rate increases by $168 for a six-month policy in the case of a speeding ticket.

Richmond auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$746	$125
One Med/PIP claim	$746	$126
Not-at-fault accident	$789	$132
Two Med/PIP claims	$800	$136
One comp claim	$805	$135
Failure to show documents	$844	$144
Failure to wear a seat belt	$849	$141
Two comp claims	$854	$146
Child safety restraint	$865	$144
Driving without lights	$865	$147
Driving with expired registration	$897	$149
Speeding 6 - 10 MPH over limit	$914	$156
Driving too slowly	$919	$153
Failure to yield	$919	$157
Following too closely	$919	$153
Illegal turn	$919	$157
Speeding in school zone	$919	$153
Cell phone violation	$925	$157
Speeding 11 - 15 MPH over limit	$925	$154
Texting while driving	$925	$157
Wrong way/wrong lane	$925	$154
Failure to stop at a red light	$930	$158
Improper passing	$935	$156
Speeding 16 - 20 MPH over limit	$935	$159
At-fault accident - less than $1000	$946	$157
Passing school bus	$962	$164
Speeding 21 - 25 MPH over limit	$1011	$168
At-fault accident - $1000-$2000	$1043	$177
In 65 MPH zone	$1059	$177
At-fault accident - greater than $2000	$1065	$181
Operating a vehicle without permission	$1140	$190
Open container	$1151	$196
Racing	$1400	$233
Reckless driving	$1405	$239
Refusal to submit to a chemical test	$1421	$237
DUI	$1432	$244
Leaving scene of an accident/hit and run	$1460	$243
Driving with a suspended license	$1471	$250

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Richmond after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Richmond.

The cheapest car insurance premiums in Richmond are offered by Grange at $335 for a six-month policy. However, it can be as expensive as $1708 with companies like Hastings Mutual.

Richmond car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Grange	$335	$56
Travelers	$449	$76
Progressive	$487	$82
USAA	$535	$90
American Family	$746	$126
State Farm	$870	$147
Farm Bureau	$995	$167
Allstate	$1037	$175
Auto-Owners	$1400	$236
Hastings Mutual	$1708	$290

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Richmond are offered by Westfield at $140. However, it can be as expensive as $1400 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Richmond after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$140	$24
Auto-Owners Insurance Co	$195	$33
State Farm	$427	$72
Travelers	$465	$78
USAA	$476	$81
American Family	$487	$82
Progressive	$508	$86
Auto-Owners	$654	$109
Farm Bureau	$1006	$171
Allstate	$1400	$233

Car Insurance Price Trends in Richmond, Indiana

Car insurance rates in Richmond have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Richmond remained steady at $122 in both December and November, indicating no change over the two month period.

The average cost of liability insurance in the Richmond remained steady at $35 in both December and November, indicating no change over the two month period.

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Frequently Asked Questions

How much is car insurance in Richmond?

The car insurance in Richmond is $19 per month, which is lower than the national average.

What is the cheapest car insurance in Richmond?

The cheapest car insurance in Richmond is $61 per month for full coverage.

How much is car insurance in Richmond for teenagers?

Car insurance for teenagers costs $136 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Richmond?

The average cost of car insurance is $667 for a six-month policy. It will cost around $102 per month to insure your car in Richmond.

Is car insurance expensive in Richmond?

Car insurance can be expensive in Richmond if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Richmond can be affordable.

Cheapest Car Insurance Quotes in Richmond

Why you can trust Way?

How Much Is Car Insurance in Richmond

Avg. Car Insurance in Richmond

Avg. Car Insurance in Indiana

National Average

Cheapest Car Insurance Companies in Richmond

1st place: AutoOwners Insurance Co

2nd place: Westfield

3rd place: Nationwide

Richmond Car Insurance Rates by Company

Cheap Car Insurance Companies in Richmond, IN

Way's key takeaways about car insurance in Richmond

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Richmond

Cheapest Liability Coverage in Richmond, IN

Cheapest Full Coverage Car Insurance in Richmond

Cheapest Full Coverage Car Insurance Quotes in Richmond, IN

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Richmond by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Richmond, IN increasing?

Car Insurance Premiums by Age in Richmond

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Richmond,IN

If you are in your twenties USAA is the best choice for car insurance in Richmond.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Richmond

Cheapest Car Insurance Companies after an At-Fault Accident in Richmond

Richmond Car Insurance Rates by Violation

Richmond auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Richmond after a DUI

Richmond car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Richmond after Speeding ticket

Car Insurance Price Trends in Richmond, Indiana

Average Car Insurance Cost in Richmond by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Richmond, IN

Car Insurance Rates by State in the USA (2025 Update)

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Data Sources