Richmond Car Insurance

Everything You Need To Know About Car Insurance in Richmond

Find the right car insurance policy for you.

Richmond is the third-largest city in the Bluegrass Region, located just 30 miles from all the amenities of Lexington. Over the years, Richmond, KY has become a hub for work and shopping in south-central Kentucky, with a steady influx of traffic around Eastern Kentucky University and Lake Reba Recreational Park. Before you navigate the crazy traffic, make sure you’re covered with the best Richmond car insurance.

Accidents happen in the blink of an eye, and you rarely have even a moment to prepare. In recent years, there were 672 fatalities in traffic crashes in Kentucky along with 22,958 nonfatal collisions. Our Independent Insurance Agents know the high risks of driving in Richmond, and they can help you create a customized auto insurance policy so that you’re covered if you find yourself in the midst of a major wreck. Our friendly agents will guide you through all of the coverage options and help you find an auto policy in your price range. 

  • National average cost per year: $1,311
  • Kentucky average cost per year: $1,341
  • 21st most expensive auto premium in the U.S.

Kentucky’s car insurance premiums trend a little lower than national averages. Your premium is determined based on several variables like your age, the kind of car you drive and your recent driving history. Our Independent Insurance Agents can provide quotes on multiple policies, allowing you to compare coverage options and premium prices to find an affordable auto plan that works for your budget. 

Kentucky Car Insurance Requirements

  • Body injury liability: required
  • Property damage reliability: required
  • Personal injury protection (PIP): required
  • Minimum liability limits: 25/50/10

Kentucky state laws mandate that all drivers carry coverage to protect against bodily injury, property damage and personal injury. Bodily injury liability pays for medical bills if you cause an accident that injures the other driver. If the crash causes damage to someone else’s vehicles, the property damage coverage pays for repairs. Personal injury protection covers the cost of your own medical bills or those related to passengers in your car during the accident. Kentucky law requires drivers to have at least $25,000 in coverage for personal injury, $50,000 for all injuries in an accident and $10,000 for resulting property damage. 

Number of Uninsured Motorists in Kentucky

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Kentucky drivers: 15.8%

Even though drivers are legally required to have car insurance in Kentucky, there is still a significant risk that you could get into an accident with an uninsured driver. Even if the other party has car insurance, it might not be enough to cover the cost of car repairs or medical expenses. Either way, uninsured motorist coverage protects you by paying for car repairs and medical bills after you get into an accident with an uninsured or underinsured party. 

Number of Auto Thefts in Kentucky

  • National number of thefts for 1,000 vehicles: 2.94
  • Number of thefts for 1,000 vehicles in Kentucky: 1.87

Most drivers never stop to think about auto theft until it’s too late. Imagine how devastating it would be to walk out of the mall and find that your car is missing. Not only have you lost your vehicle, but everything you stored inside is now lost. Our Independent Insurance Agents will guide you toward policies that offer coverage for auto theft so you can have peace of mind that you’re covered if your car is ever stolen in Richmond.

Find a Great Richmond Car Insurance Policy

Richmond offers some of the most beautiful views in the Bluegrass Region, but this area is still a prime candidate for car accidents thanks to the steady stream of traffic. Make sure you’re covered by investing in the best auto insurance. Our Independent Insurance Agents can walk you through your coverage options and provide a customized quote on the policies that interest you most. When you select your new car insurance plan, you’ll have peace of mind that you can afford car repairs and medical bills if an accident happens to you. 

Contact an Independent Insurance Agent to start shopping for the best rate on Richmond car insurance.

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