For a 40-year-old driver with a clean record, Richmond car insurance averages about $188 a month ($2,261 a year) for full coverage, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. That’s 18% below the Kentucky average of $229 a month. Progressive has the lowest full-coverage average of the five insurers we price, at about $137 a month.
Richmond has the lowest full-coverage average of any Kentucky city in our data. Our benchmark driver pays about $41 a month less here than the state average.
Our data has one Richmond ZIP code, 40475, so the city average is that ZIP code’s average.
Cost data comes from the auto rates insurers file with state regulators, priced in Richmond’s ZIP code, compiled by Quadrant Information Services and updated as new rates are filed.
Rates as of Aug. 31, 2026. Page reviewed Sept. 29, 2026.
Full coverage in Richmond averages $2,261 a year, or about $188 a month, for our benchmark driver. Liability-only coverage at 25/50/10 limits averages $832 a year ($69 a month), and 50/100/50 liability with comprehensive and collision averages $2,202 ($184 a month).
Progressive has the lowest full-coverage average among the five insurers in our Richmond rate data. Travelers, GEICO, USAA, Auto-Owners and Shelter aren’t in the Quadrant rate data we analyze, so their rows in the table are estimates. Most published 2026 statewide Kentucky rate studies we reviewed that compare insurers rank Travelers cheapest for full coverage, apart from USAA, which sells only to military families. Our estimates for Richmond are about $93 a month for Travelers and $116 for GEICO. For liability-only coverage at 25/50/10 limits, Kentucky Farm Bureau has the lowest average among the insurers we rank, at about $45 a month, followed by State Farm at $55.
Full-coverage averages by insurer in Richmond
Monthly, for the same driver and car. Estimated insurers are in the table below, not the chart.
Rates insurers filed with state regulators, compiled by Quadrant Information Services, as of Aug. 31, 2026. Benchmark 40-year-old driver, 100/300/100 with $500 deductibles.
| Insurance Company: | Minimum Liability 25/50/10 (Yearly): | Minimum Liability 25/50/10 (Monthly): | Full Coverage (Yearly): | Full Coverage (Monthly): |
|---|---|---|---|---|
| Progressive | $832 | $69 | $1,641 | $137 |
| State Farm | $664 | $55 | $1,966 | $164 |
| Safeco | $807 | $67 | $2,105 | $175 |
| Kentucky Farm Bureau | $542 | $45 | $2,126 | $177 |
| Allstate | $1,316 | $110 | $3,469 | $289 |
| USAA (military families)* | $456 | $38 | $998 | $83 |
| Travelers* | $530 | $44 | $1,117 | $93 |
| GEICO* | $465 | $39 | $1,392 | $116 |
| Shelter* | $753 | $63 | $1,564 | $130 |
| Auto-Owners* | $693 | $58 | $1,571 | $131 |
| Richmond average | $832 | $69 | $2,261 | $188 |
This table uses Richmond’s ZIP code only. See how we calculated these rates.
Your ZIP code matters
Raising liability limits from 50/100/50 to 100/300/100 adds about $59 a year in our Richmond data, with the same $500 deductibles. That’s about $5 a month for three times the injury protection per crash and double the property damage limit. The step up is small partly because Safeco charges more for 50/100/50 than for 100/300/100 in every Kentucky ZIP code we price.
Not for our benchmark driver. Comparing the same insurers in the same Richmond ZIP code, full coverage averaged $2,441 a year in rates as of Nov. 30, 2025 and $2,261 as of Aug. 31, 2026, a 7.4% drop. Progressive cut its Richmond average 22.8%, Kentucky Farm Bureau 9.5% and State Farm 8.7%, while Allstate and Safeco didn’t change theirs. Liability-only coverage at 25/50/10 limits fell 4.7%: Progressive cut its average 16.3% and State Farm 7.0%, while Kentucky Farm Bureau raised its 1.9%.
Insurers price each territory on the claims they expect there, and Madison County, which includes Richmond and Berea, is the least expensive of the 99 Kentucky counties we price, at $2,266 a year for full coverage. Berea averages about $189 a month.
Kentucky also lets cities and counties tax insurance premiums. Richmond’s rate on car insurance is 8% for 2026-27, according to the state’s local premium tax schedule, and your insurer must show the tax and the taxing jurisdiction on your bill. See the rate for every Kentucky city and county in our Kentucky car insurance tax by city guide.
More Kentucky cities and towns are in the Kentucky rates by city table, and you can compare states on our car insurance rates by state page.
Lexington, about 25 miles northwest, averages $198 a month, and Nicholasville, about 18 miles west, $193.
Drivers in Richmond follow Kentucky’s rules. Every policy must include at least:
Kentucky is a choice no-fault state, so you can also file a form with the state to keep your full right to sue after a crash. Our Kentucky requirements guide covers that choice and the penalties for driving uninsured.
Ready to compare
Insurers must file their rates and rating rules with each state’s insurance regulator. Quadrant Information Services uses those filings to calculate what each insurer would charge a specific driver, and InsuranceQuotes analyzes those prices. This page uses rates in effect on Aug. 31, 2026.
Coverage requirements come from Kentucky law and the Kentucky Department of Insurance. We refresh these figures when new rate data is released.
For our benchmark driver, full coverage in Richmond averages about $188 a month ($2,261 a year) and liability-only coverage about $69 a month, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. Full coverage is 18% below the Kentucky average of $229 a month.
Progressive has the lowest full-coverage average in our Richmond rate data, at about $137 a month, followed by State Farm at $164. For liability-only coverage, Kentucky Farm Bureau has the lowest average, at about $45 a month. Travelers isn’t in the Quadrant rate data we analyze, but most 2026 statewide Kentucky rate studies we reviewed rank it cheapest for full coverage, apart from USAA. Rates vary by driver, so compare quotes for your own car and ZIP code.
In our data, yes. Richmond’s full-coverage average, about $188 a month for our benchmark driver, is the lowest of the 157 Kentucky cities and towns we price, and Madison County is the least expensive county.
Yes. Kentucky lets cities and counties tax insurance premiums, and Richmond’s rate on car insurance is 8% for 2026-27, according to the Kentucky Department of Insurance’s schedule. Your insurer must show the tax and the taxing jurisdiction on your bill.
In our Richmond data, full coverage (100/300/100 with $500 deductibles) averages about $188 a month and liability-only coverage at 25/50/10 limits about $69, a difference of about $119 a month ($1,429 a year). Liability-only coverage won’t pay to repair or replace your own car after a crash, a theft or a storm.
No, not for our benchmark driver. Comparing the same insurers and ZIP code, Richmond full coverage fell 7.4% between November 2025 and August 2026, from about $2,441 to $2,261 a year. Progressive cut its average 22.8%, Kentucky Farm Bureau 9.5% and State Farm 8.7%. Liability-only coverage at 25/50/10 limits fell 4.7%.
