Richmond drivers pay an average of $1,572/year — $199 less than the national average. With 455 crashes per year and a 1.8 per 1,000 vehicle theft rate, comparing 5+ carriers can save you up to $300/year.
(888) 217-6781Estimated full coverage auto insurance rates for Richmond, IN from top carriers. Rates are adjusted for Richmond's 455 annual crashes, 1.8 per 1,000 theft rate, and local risk factors:
| Insurance Company | 6-Month Premium | Monthly Cost |
|---|---|---|
| GEICO ⭐ | $595 | $99/mo |
| Erie Insurance | $629 | $105/mo |
| Progressive | $674 | $112/mo |
| State Farm | $735 | $123/mo |
| Allstate | $893 | $149/mo |
Estimates based on 2026 rate filings for ZIP 47374. GEICO is cheapest at ~$99/mo. Actual rates vary by driver profile and exact Richmond location.
These Richmond-specific safety and risk statistics directly impact what you pay for auto insurance:
Compare rates from 5+ insurance companies serving Richmond, IN. Takes under 2 minutes.
(888) 217-6781Richmond is a smaller city in Indiana with a population of 35,720. Drivers here generally benefit from lower traffic density and fewer claims than larger metro areas, which translates to more affordable auto insurance. However, local factors such as tornadoes, severe thunderstorms, snow, ice, flooding, rural highway speeds, and distance to repair facilities can still impact premiums. Comparing carriers is essential to find the best rate in Richmond.
For official Indiana insurance regulations, visit the Indiana Department of Insurance. For driver licensing, see the Indiana BMV.
Your specific ZIP code within Richmond can swing your premium by hundreds of dollars. Here's how rates compare across Richmond neighborhoods:
| ZIP Code | Neighborhood | Avg. Annual | Monthly |
|---|---|---|---|
| 47389 | Richmond South Side | $1,464/yr | $122/mo |
| 47377 | Richmond North Side | $1,535/yr | $128/mo |
| 47378 | Richmond West Side | $1,585/yr | $132/mo |
| 47382 | Richmond East Side | $1,602/yr | $134/mo |
| 47374 | Richmond Downtown/Central | $1,693/yr | $141/mo |
The cheapest ZIP is 47389 (Richmond South Side) at $1,464/yr. The most expensive is 47374 (Richmond Downtown/Central) at $1,693/yr — a $229/year difference for the same driver.
Your Richmond ZIP code matters. Call for a rate specific to your exact location.
(888) 217-6781Age is one of the biggest rating factors in Richmond. Here's how rates differ by age group:
| Age Group | Avg. Annual | Monthly | vs. City Avg |
|---|---|---|---|
| Teen (16-19) | $3,301/yr | $275/mo | +110% vs avg |
| Young Adult (20-25) | $2,201/yr | $183/mo | +40% vs avg |
| Adult (26-35) | $1,572/yr | $131/mo | 0% vs avg |
| Mid-Career (36-50) | $1,383/yr | $115/mo | -12% vs avg |
| Senior (51-65) | $1,305/yr | $109/mo | -17% vs avg |
| 65+ | $1,399/yr | $117/mo | -11% vs avg |
Teens in Richmond pay an average of $3,301/year — 110% more than the city average. The best rates go to Senior (51-65) drivers at $1,305/year. Good student discounts, driver training courses, and being added to a parent's policy can significantly reduce teen rates.
Compare auto insurance rates in other Indiana cities:
Our rate analysis is based on publicly available rate filings and industry data. We regularly update our research to ensure accuracy.
Richmond drivers can save up to $300/year. ZIP 47389 (Richmond South Side) has the lowest rates starting at $1,464/yr.
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