High-priced insurance in Richmond can diminish your funds, especially in this economy. Performing a rate comparison is a fast and free way to reduce premiums and put more money in your pocket.

It's hard to believe, but a large majority of consumers kept their coverage with the same insurance company for over three years, and practically 40% of insurance customers have never quoted rates to find affordable coverage. American insurance shoppers could save roughly $850 every year just by comparing rates, but they feel it's too difficult to save money by comparing rate quotes. Insurance companies such as Allstate, Progressive and GEICO all claim big savings, bombarding you with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and take the time to shop coverage around.

It's a great practice to compare prices occasionally because insurance prices are usually higher with each renewal. Just because you found the lowest price on insurance a couple years back there may be better deals available now. Forget anything you know (or think you know) about insurance because I'm going to teach you the only way to remove unneeded coverages and save money.

If you have insurance now or are looking for a new policy, you can use these tips to save money and still get good coverage. Finding the cheapest car insurance coverage in Richmond is not that difficult. Vehicle owners just have to use the quickest method to get comparison rates instantly.

Many insurance companies such as GEICO, State Farm and Progressive give insurance quotes on the web. Doing online quotes is pretty painless as you simply enter the coverage amounts you desire as requested by the quote form. Behind the scenes, their quoting system gets reports for credit and driving violations and returns a price based on these factors. Quoting online simplifies rate comparisons, and it's necessary to have as many quotes as possible if you are searching for cheap prices.

To quickly find out how much you can save on insurance, consider comparing rates from the companies shown below. If you have coverage now, it's recommended you complete the form with the insurance coverages as shown on your current policy. Doing this guarantees you're receiving a fair comparison using the exact same coverages.

The companies in the list below can provide price comparisons in California. To find the best cheap car insurance in California, it's highly recommended you compare several of them to get the cheapest price.

Insurance Costs for Popular Vehicles in Richmond
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ AWD $1,460 $730 $122
Chevrolet Silverado LTZ Extended Cab 4WD $1,514 $757 $126
Dodge Grand Caravan CV $1,116 $558 $93
Dodge Ram Crew Cab ST 2WD $1,436 $718 $120
Ford Edge Sport 2WD $1,664 $832 $139
Ford Escape XLS 4WD $1,298 $649 $108
Ford F-150 XLT Crew Cab 4WD $1,214 $607 $101
Ford Focus SES 2-Dr Coupe $1,688 $844 $141
Honda Accord EX-L 2-Dr Coupe $1,486 $743 $124
Honda CR-V LX 2WD $982 $491 $82
Honda Civic EX-L 4-Dr Sedan $1,296 $648 $108
Nissan Altima 3.5 SR 2-Dr Coupe $1,862 $931 $155
Toyota Camry Hybrid $1,708 $854 $142
Toyota Corolla S $2,022 $1,011 $169
Toyota Tacoma X-Runner 2WD $1,388 $694 $116
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in specific zip code location which can modify coverage prices noticeably.

Poor driving habits will raise your car insurance rates

The diagram below shows how speeding tickets and accidents can affect Chevrolet Silverado insurance premiums for each different age group. The information is based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you raise deductibles?

The diagram below demonstrates how deductibles and can affect Chevrolet Silverado premium costs for different insured age categories. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

An analysis of deductible level

One frequently asked question is what deductibles to buy. The premium rates below illustrate the rate fluctuation when you choose different physical damage coverage deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Fusion insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $342 $576 $442 $26 $132 $1,543 $129
Fusion SE 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
Fusion Hybrid 4-Dr Sedan $386 $780 $552 $32 $166 $1,941 $162
Fusion SEL 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
Fusion Sport 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
Fusion SEL AWD 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
Fusion Sport AWD 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
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Ford Fusion insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $210 $362 $442 $26 $132 $1,172 $98
Fusion SE 4-Dr Sedan $238 $426 $442 $26 $132 $1,264 $105
Fusion Hybrid 4-Dr Sedan $238 $490 $552 $32 $166 $1,478 $123
Fusion SEL 4-Dr Sedan $238 $426 $442 $26 $132 $1,264 $105
Fusion Sport 4-Dr Sedan $238 $426 $442 $26 $132 $1,264 $105
Fusion SEL AWD 4-Dr Sedan $266 $490 $442 $26 $132 $1,356 $113
Fusion Sport AWD 4-Dr Sedan $266 $490 $442 $26 $132 $1,356 $113
Get a Quote for Your Vehicle Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in zip code location which can revise premium rates significantly.

Using the data above, we can ascertain that using a $250 deductible costs about $37 more each month or $444 each year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 20 months between claim filings, you would probably save some money if you choose a higher deductible. The table below shows a better example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $146
Average monthly premium for $1,000 deductibles (subtract): - $109
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket if you have a claim. That will require a higher level of savings in the event you have to pay more for the deductible.

Insurance protects more than just your car

Despite the fact that insurance is not cheap in Richmond, insuring your vehicle may be required and benefits you in several ways.

The benefits of having insurance outweigh the cost, especially with large liability claims. On average, a vehicle owner in Richmond is overpaying over $750 every year so we recommend shopping around at every renewal to ensure rates are inline.

Are auto insurance companies telling the truth?

California consumers can't escape the ads for auto insurance savings by companies like GEICO, State Farm and Progressive. All the ads convey the message that you'll save big if you switch your auto insurance policy to them.

It sounds good, but how can they all save you money on auto insurance? Just pay attention to how they say it.

All companies require specific criteria for a prospective insured that will generate a profit. One example of this type of insured may need to be a mature driver, has had continuous coverage, and has great credit. Any driver who matches that profile may get the lowest premium rates in Richmond as well as save a lot of money.

Drivers who don't meet this ideal profile will probably be forced to pay higher premium rates which translates to the customer not purchasing. The ads state "people that switch" not "everybody who quotes" save money. That's why companies can make it sound like they have such great premium rates.

Because of this risk profiling, drivers should compare free Richmond car insurance quotes often. Because you cannot predict which auto insurance company will fit you best based on your risk profile.

Do you qualify for discounts on auto insurance?

Some providers don't always publicize every possible discount in an easy-to-find place, so the following is a list of some of the more common and the harder-to-find discounts that you may qualify for.Auto insurance discounts

Discounts reduce rates, but you should keep in mind that most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, companies don't profit that way. But all discounts should help reduce your policy cost.

A partial list of companies that may offer most of the discounts above may include but are not limited to:

If you want inexpensive Richmond car insurance quotes, ask every company what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in Richmond. If you would like to choose from a list of providers that offer many of these discounts in California, click this link.

Do I need a local insurance agent?

Some consumers would prefer to sit down and talk to an agent and often times that is recommended Experienced insurance agents are highly skilled in risk management and will help you if you have claims. One of the best bonuses of price shopping on the web is that drivers can save money and get the best rates and still buy from a local agent. And buying from small agencies is important especially in Richmond.

Find insurance agent in RichmondTo find an agent, once you fill out this form (opens in new window), your information is submitted to participating agents in Richmond who will return price quotes for your business. You won't even need to leave your computer since price quotes are sent to you. If you wish to get a price quote from one company in particular, just jump over to their website to submit a rate quote request.

If you want an insurance agent, it helps to know the two types of agencies that you can choose from. Auto insurance agencies can be classified as either exclusive or independent. Both can write policy coverage, but it's worth mentioning why they differ since it can impact your selection of an agent.

Independent Agencies or Brokers

These agents are not employed by any specific company so they can insure your vehicles with any number of different companies and possibly get better coverage at lower prices. If they find a lower price, the business is moved internally without you having to go to a different agency. If you are comparing auto insurance prices, we recommend you compare prices from at a minimum one independent agency to have the best price comparison.

Exclusive Insurance Agents

Agents that elect to be exclusive write business for a single company and some examples include State Farm or Allstate. Exclusive agencies are unable to give you multiple price quotes so they have no alternatives for high prices. These agents are usually quite knowledgeable on what they offer which helps offset the inability to provide other markets.

Finding the right car insurance agent should depend on more than just the premium amount. Below are some questions you should ask.

How to know if you need help

When it comes to buying your policy, there really isn't a best way to insure your cars. Your financial needs are unique and your auto insurance should unique, too.Auto insurance savings For instance, these questions might help in determining if your insurance needs might need professional guidance.

If it's difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and can help protect your family.

Vehicle claim statistics

Are you driving a vehicle with a high chance of a claim? The tables below show the worst and best vehicles for likelihood of having claims orgainized by coverage.

Auto Insurance Collision Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Ford F-250 SuperCab Bentley Continental Flying Spur
Smart ForTwo Ferrari 458
Ford Edge BMW M6
Nissan Xterra Audi RS7
Chevrolet Colorado Maserati Granturismo
GMC Canyon BMW 6 Series

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Coverage Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Ford F-350 SuperCrew Chrysler 200
Ford F-250 SuperCrew Kia Forte
Tesla Model S Hyundai Accent
Audi A4 Allroad Chevrolet Spark
Chevrolet Corvette Nissan Sentra
Chevrolet Silverado 3500 Mitsubishi Mirage

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive Coverage Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Infiniti QX50 Mercedes-Benz S Class
Ford F-350 Bentley Continental GT
Nissan Leaf Bentley Continental GTC
Chevy Silverado 2500 Maserati Granturismo
Volvo V60 Porsche Panamera GTS
GMC Sierra 2500 Audi S7

Statistics from IIHS.org for 2013-2015 Model Years

Liability Insurance Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Mercedes-Benz SL Class Mitsubishi Lancer
Acura MDX Kia Rio
Chevrolet Corvette Kia Optima
Fiat 500 Mitsubishi Mirage
Subaru Outback Hyndai Accent
Audi A6 Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years

Cheap insurance premiums are out there

You just learned a lot of tips how to compare insurance premium rates in Richmond. The key thing to remember is the more you quote Richmond car insurance, the better your chances of lowering your prices. Consumers could even find that the best premium rates are with a small mutual company. They may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

More affordable insurance in Richmond is attainable online and with local Richmond insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not offer the ability to get a quote online and most of the time these smaller providers sell through independent agencies.

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