How much does Real Estate Agent insurance cost in Richmond, Virginia?

The estimated annual cost for a Real Estate Agent in Richmond with one employee is between $749 and $1101. The state base rate is $930.

What insurance is required for a Real Estate Agent in Virginia?

In Virginia, businesses are subject to a 5.3% insurance tax. Real Estate Agents typically need General Liability due to a risk factor of 0.9.

Real Estate Agent Insurance Cost in Richmond, Virginia (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$749-$1101

Estimated Annual Premium

Monthly Average Breakdown

$73 / mo

Includes General Liability

Industry Risk Profile

Real estate agents need coverage primarily for client slip-and-falls at open houses and professional errors and omissions.

Risk Factor0.9x

Location Factors

State Base Rate$930
Richmond Multiplier1x
State Tax Rate5.3%

Local Compliance FAQ

Is General Liability required in Richmond?

While Virginia law may not mandate it for all businesses, Real Estate Agents often need proof of insurance to bid on local commercial projects in Richmond.

Why is the rate different here?

Your premium reflects Virginia's specific base rate of $930 and a local city multiplier of 1x.

Compare Real Estate Agent Insurance in Other Virginia Cities

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How much does Real Estate Agent Insurance cost in Richmond?