Cheapest Auto Insurance in Richmond, Kentucky (2025)

The average cost of liability car insurance in Richmond is $111 per month, which is similar to the Kentucky state average of $121. Insurance premiums in Richmond and the state of Kentucky typically exceed national average costs. The average monthly cost of liability insurance in the U.S. is $104.

Kentucky drivers may face higher insurance costs because the state has a higher risk of tornadoes than other areas of the country. Insurers adjust for increased risk of property damage by charging higher premiums.

Here’s what you should know about finding cheap car insurance in Richmond, including how to compare quotes and coverage options.

3 of the cheapest car insurance companies in Richmond

When searching for car insurance, you should aim to find a company that offers excellent rates and coverage options that meet your needs.

The following insurers provide cost-effective options for drivers in the city, including teenagers and military personnel. The provided quotes reflect statewide average costs in Kentucky.

Best insurer for cheap rates: National General

Best insurer for teen drivers: State Farm

Best insurer for military members: USAA

How to get the cheapest car insurance in Richmond

Your insurance rates will vary based on several factors, including your location, age, driving history, credit, and more. You can expect your insurance rates to increase if you demonstrate a higher risk in one of these areas.

If you’re in the market for cheap car insurance in Richmond, the following tips can help you get the best rates on your policy:

• Compare quotes. The Insurance Information Institute recommends gathering quotes from at least three insurers. Make sure the quotes you compare are for the same types of coverage for the most accurate comparisons.

• Seek out discounts. Insurance companies offer deals for good driving, bundling insurance products, being a member of an affiliated group, and more. You can even stack discounts for additional savings on your policy.

• Maintain a good driving record. Whether you have a speeding ticket or a DUI, incidents can cause your rates to increase substantially. Try to avoid incidents, as insurers offer the best rates to people with a clean driving record.

• Increase your deductible. Choosing a higher deductible can lower your overall premiums. Be sure you can pay for the deductible so you can get coverage.

• Drive a safe car. The type of car you drive can influence your rates. Insuring a motor vehicle with advanced safety features can qualify you for discounts or rate reductions.

Cheapest liability-only car insurance in Richmond: National General

If you cause an accident, liability-only insurance covers the costs incurred by the other person’s property damage and bodily injury. Since this policy only covers the basics, you can expect your premiums to remain low, but you may face high out-of-pocket costs after filing a claim.3

On average, Richmond drivers pay $111 per month for liability insurance. Here are the cheapest companies offering liability-only coverage in Richmond.

Cheapest full-coverage car insurance in Richmond: Auto-Owners

Liability-only insurance only covers the other party’s car repairs and medical costs if you’re at fault in an accident. Full-coverage policies handle the costs of your vehicle damages as well, regardless of fault.

A full-coverage policy includes liability, collision, and comprehensive coverage. Collision coverage pays for your vehicle repairs after an accident, and a comprehensive auto policy will compensate you for losses and damages from theft, weather-related damages, and other non-collision incidents.

You may want a full-coverage policy if you drive frequently or live in a high-risk location. If you have a lease or loan on your car, your lender will likely require you to purchase this coverage.

The average cost of full-coverage insurance in Richmond is $175 per month. Here are the cheapest average rates for full-coverage insurance in Richmond.

Car insurance requirements in Kentucky

Kentucky drivers must carry a minimum amount of bodily injury and property damage liability coverage.4

Because Kentucky is a “choice no-fault state,” you must file a claim with your insurer after an accident, regardless of fault. Therefore, you must also obtain personal injury protection (PIP) coverage. Through your PIP coverage, your insurer will cover medical payments, lost wages, and more for you and your passengers following an accident.

You’ll find the minimum state requirements in Kentucky below:

Purchasing these additional coverages can bolster your protection on the road:

Cheapest car insurance for drivers with an incident

Driving incidents such as speeding tickets, driving under the influence, or at-fault accidents can cause your rates to increase. As your risk as a driver increases, insurers adjust rates accordingly.

Insurers associate incidents on your driving record with an increased likelihood of having an accident and filing a claim. Richmond drivers with a past incident pay an average of $131 per month for liability insurance.

Drivers with a clean record tend to earn the most affordable insurance rates.5

Cheapest car insurance for drivers with a speeding ticket: National General

If you exceed the speed limit and get pulled over, you’ll typically face an initial fine and an increase in your insurance rates. Other incidents can make your insurance rates increase more than a single speeding ticket.

On average, Richmond drivers with a speeding ticket pay $135 per month for liability insurance. Compare liability insurance quotes from several insurance companies below.

Cheapest car insurance for drivers with an at-fault accident: National General

Without sufficient insurance coverage after an accident, you may have to pay out of pocket for vehicle repairs and medical expenses, depending on the accident. Additionally, an accident can result in a substantial increase in your premiums, particularly if you caused it.

But if you have an at-fault accident on your record, you can still find affordable coverage on your auto insurance policy. The average cost of liability car insurance for Richmond drivers with a past accident is $145 per month.

Here are some of the cheapest liability insurance rates in the city.

Cheapest car insurance for drivers with a DUI: Progressive

A DUI can result in serious legal and financial consequences due to the severity of the offense. Insurers adjust rates for high-risk drivers and may even choose not to offer coverage in some cases.

On average, Richmond drivers with a DUI pay $137 per month for liability car insurance. The following insurance companies offer insurance to Richmond drivers with a DUI.

Cheapest car insurance for seniors: National General

You can expect better auto rates as you age and have more experience behind the wheel. Rates decrease significantly between the ages of 25 and 35 and continue trending downward with age. But you may see a slight increase again around age 70, as age-related conditions can make senior drivers more susceptible to accidents on the road.

Senior drivers in Richmond pay $95 per month for liability insurance and $149 for full-coverage insurance, on average. The following auto insurers offer affordable coverage to senior drivers in Richmond.

Cheapest car insurance for teens: Progressive

Insurers typically charge young drivers higher rates to offset the risk of their lack of driving experience. As such, teenagers generally pay the highest rates for auto insurance. Young drivers can earn better rates by staying on their parents’ policy, driving a safe vehicle, or earning good grades to get a policy discount.

Teens can also shop for insurance companies that offer competitive rates for their age group, such as the ones below. On average, teens in Richmond pay $206 per month for liability insurance and $324 for full-coverage insurance.

Richmond car insurance quotes by credit tier

Insurance companies in Kentucky can use your credit history to assign your policy premiums. An excellent or good credit score indicates that you’re less likely to file a claim, which can result in lower rates. Meanwhile, a poor credit score indicates that you’re more likely to file a claim and can result in increased premiums.

Is car insurance more expensive in Richmond?

Richmond drivers pay higher premiums than the national average rate of $104 per month for liability coverage and $184 for full coverage. Rates can vary by city and ZIP code within Kentucky, but drivers in the state pay $193 per month, on average, for full-coverage insurance and $121 for liability coverage.

Kentucky drivers face higher rates due to a risk of tornadoes in the area that increases the chance of property damage. And car insurance tends to cost more in no-fault states because each driver’s insurer must cover costs following an auto accident, regardless of fault.

Drivers in Kentucky cities with high crime rates and traffic congestion may pay higher premiums than Richmond drivers. For example, drivers in Louisville pay significantly higher rates for car insurance than in Richmond.

More cities in Kentucky

On average, drivers in Richmond pay $111 per month for liability car insurance and $175 for full-coverage insurance. Compare the average cost of car insurance for drivers in other Kentucky cities.