No sane person enjoys paying for auto insurance, especially when they know they are paying too much.

It's hard to fathom, but the vast majority of drivers have stayed with the same insurance company for four years or more, and nearly half have never quoted rates to find lower-cost coverage. American drivers can cut their rates by roughly $850 a year by just comparing quotes, but most undervalue how much money they would save if they replace their high priced policy.

There are many auto insurance companies to pick from, and although it's a good thing to have a choice, more choices can make it harder to find the lowest rates.

It's a good idea to do rate comparisons on a regular basis because insurance prices go up and down regularly. If you had the lowest price on auto insurance a year ago other companies may now be cheaper. You can find a lot of information about auto insurance online, but we're going to give you a bunch of ideas how to buy auto insurance cheaper in Richmond.

Locating the best rates in Richmond is actually not that difficult if you follow our advice. If you have a current insurance policy, you stand a good chance to be able to cut your premiums using these tips. Although Virginia car owners benefit from understanding how companies determine what you pay and apply this information to your search.

All the larger auto insurance companies like Progressive, GEICO, Allstate and State Farm make it easy to get insurance quotes direct online. Obtaining pricing can be done by anyone as you simply type in the amount of coverage you want on the page. After you submit the form the company's rating system requests your driving and credit reports and generates a price based on the information you submitted. Being able to quote online streamlines rate comparisons, and it is imperative to have as many quotes as possible in order to find lower-cost rates.

To save time and use this form to compare rates, check out the auto insurance providers below. To compare your current rates, we recommend you copy the limits and deductibles as shown on your current policy. This makes sure you're receiving comparison quotes based on identical coverages.

The following companies have been selected to offer price comparisons in Virginia. If multiple providers are shown, we recommend you visit two to three different companies to find the lowest auto insurance rates.

Insurance Cost Estimates for Popular Vehicles in Richmond
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 2WD $714 $357 $60
Chevrolet Silverado LS Crew Cab 2WD $1,176 $588 $98
Dodge Ram Crew Cab TRX 4WD $1,200 $600 $100
Ford Edge Sport 2WD $846 $423 $71
Ford Escape Limited 4WD $712 $356 $59
Ford Explorer Limited 2WD $936 $468 $78
Ford F-150 XL Regular Cab 4WD $838 $419 $70
Ford Focus SEL 4-Dr Sedan $616 $308 $51
Honda Accord LX 4-Dr Sedan $606 $303 $51
Honda CR-V EX-L 2WD $792 $396 $66
Honda Civic VP 4-Dr Sedan $896 $448 $75
Mazda 3 I Sport 4-Dr Sedan $720 $360 $60
Nissan Altima 3.5 SR 4-Dr Sedan $734 $367 $61
Toyota Camry LE $912 $456 $76
Toyota Corolla XLE $948 $474 $79
Toyota RAV4 Limited 4WD $810 $405 $68
Volkswagen Jetta 2.0T Station Wagon $1,038 $519 $87
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in specific location which can change premium rates considerably.

Comparison of policy deductibles

One of the hardest decisions when shopping for car insurance is at what level do you set your deductibles. The rates below approximate the costs and benefits of buying low and high deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Camry insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $222 $400 $258 $16 $78 $999 $83
Camry SE $222 $472 $258 $16 $78 $1,071 $89
Camry XLE $222 $472 $258 $16 $78 $1,071 $89
Camry Hybrid $250 $472 $290 $18 $88 $1,143 $95
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Toyota Camry insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $122 $210 $258 $16 $78 $684 $57
Camry SE $122 $248 $258 $16 $78 $722 $60
Camry XLE $122 $248 $258 $16 $78 $722 $60
Camry Hybrid $138 $248 $290 $18 $88 $782 $65
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in specific zip code location which can modify insurance rates substantially.

Based on these figures, using a $100 deductible would cost the average driver about $28 more each month or $336 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 32 months between claims, you would most likely save money if you decide on a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $89
Average monthly premium for $1,000 deductibles (subtract): - $61
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 32 months

One important issue to know is that a higher deductible level means you will have to pay more when you have a comprehensive or collision claim. You need enough savings in order to pay more for the deductible.

Get discounts to get affordable Richmond auto insurance rates

Auto insurance is neither fun to buy or cheap, but you may be missing some discounts that you may not know about. Larger premium reductions will be automatically applied when you complete an application, but some need to be specially asked for before being credited. If you're not getting every credit available, you could be saving more on your auto insurance.Auto insurance discounts

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Most cut the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, companies wouldn't make money that way.

Auto insurance companies who may offer these benefits include:

Check with every insurance company the best way to save money. Depending on the company, some discounts may not apply to policyholders in Richmond.

Lower Your Rates with these tips

Lots of things are considered when premium rates are determined. A few of the factors are predictable such as traffic violations, although some other factors are more obscure such as your credit history or your financial responsibility.

The list below includes a few of the things used by your company to calculate your prices.

Insurance agent or online?

A small number of people just want to talk to an insurance agent and that is a personal choice. The best thing about comparing rates online is that drivers can save money and get cheap car insurance rates but still work with a licensed agent.

Richmond insurance agentsUpon completion of this quick form, the quote information is immediately sent to companies in Richmond that can provide free Richmond car insurance quotes and help you find cheaper coverage. There is no reason to leave your house since price quotes are sent directly to you. You can get cheaper car insurance rates and work with a local agent. If you want to get a price quote from a specific company, feel free to find their quoting web page and fill out their quote form.

Finding the right insurance company should depend on more than just the bottom line cost. Before buying a policy in Richmond, get answers to these questions.

If you are wanting to find a local Richmond insurance agency, it helps to know the two types of insurance agents that differ in how they can insure your vehicles. Agents can either be independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agencies

Agents that choose to be exclusive are contracted to one company such as Farmers Insurance, State Farm, Allstate, and AAA. These agents are unable to provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents are trained well on their company's products which can be an advantage.

Listed below is a list of exclusive insurance agencies in Richmond that are able to give comparison quotes.

11057 Three Chopt Rd - Richmond, VA 23233 - (804) 747-3333 - View Map

3600 W Broad St #106 - Richmond, VA 23230 - (804) 288-5470 - View Map

6837 Forest Hill Ave - Richmond, VA 23225 - (804) 747-4407 - View Map

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Independent Car Insurance Agents

Agents that choose to be independent are normally appointed by many insurers so they have the ability to put coverage through many different car insurance companies and possibly get better coverage at lower prices. To move your coverage to a new company, they simply switch companies in-house and you stay with the same agent.

If you need cheaper car insurance rates, you will definitely want to include rate quotes from several independent agencies to ensure the widest selection of prices.

The following is a short list of independent insurance agencies in Richmond that can give you price quotes.

7520 Brook Rd - Richmond, VA 23227 - (804) 340-2850 - View Map

6400 Horsepen Rd - Richmond, VA 23226 - (804) 282-7475 - View Map

470 Pocono Dr - Richmond, VA 23236 - (804) 323-9303 - View Map

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Situations that may require an agent's advice

Always remember that when buying adequate coverage, there is no "perfect" insurance plan. Everyone's situation is a little different.Drive safe and save

For example, these questions might help in determining if you will benefit from professional help.

If you don't know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form.

Vehicle claim statistics

Are you driving a vehicle that ranks high in claims? The following tables show the best and worst models for the overall chance of having to file claims.

Medical Payment Claims by Vehicle
Lowest Claims Highest Claims
Tesla Model S Dodge Charger
Land Rover Range Rover Sport Chevrolet Sonic
Chevrolet Silverado 3500 Mitsubishi Lancer
Ford F-350 SuperCrew Kia Forte
Ford F-250 SuperCrew Hyundai Accent
Chevrolet Silverado 2500 Chevrolet Spark

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Bodily Injury Liability Claims by Vehicle Model
Lowest Claims Highest Claims
Volvo XC60 Hyndai Accent
Acura MDX Mitsubishi Lancer
Mercedes-Benz SL Class Kia Rio
Subaru Outback Mitsubishi Mirage
Chevrolet Corvette Chevrolet Impala
Subaru Forester Chevrolet Sonic

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Claims by Vehicle
Lowest Claims Highest Claims
Ford F-250 SuperCab BMW M6
Chevrolet Colorado Audi RS7
GMC Canyon Bently Continental GTC
Smart ForTwo Nissan GT-R
Mini Cooper Bently Continental GT
Ford F-150 SuperCrew Maserati Granturismo

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive Insurance Claims by Vehicle Model
Lowest Claims Highest Claims
Ford F-350 Maserati Quattroporte
Chevy Spark BMW M6
GMC Sierra 2500 Mercedes-Benz S Class
Volvo V60 Bentley Continental GT
Nissan Leaf Bentley Continental GTC
Chevy Silverado 2500 Audi S7

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Find affordable insurance prices by comparing often

Throughout this article, we presented a lot of ways to find cheaper coverage online. It's most important to understand that the more rate comparisons you have, the higher your chance of finding the cheapest Richmond car insurance quotes. Consumers may even find the biggest savings come from a company that doesn't do a lot of advertising.

As you shop your coverage around, don't be tempted to buy poor coverage just to save money. In many instances, an insured cut comprehensive coverage or liability limits only to regret they didn't have enough coverage. Your aim should be to buy a smart amount of coverage at the best cost, but do not skimp to save money.

Budget-friendly insurance in Richmond is attainable both online and with local Richmond insurance agents, so you need to quote Richmond car insurance with both to get a complete price analysis. Some insurance companies may not provide internet price quotes and most of the time these small, regional companies provide coverage only through local independent agents.

More detailed insurance information can be found in these articles: