Buying car insurance in Rhode Island can be challenging at times, especially when you are looking for an affordable and reliable policy. In this guide, we’ll walk you through the different aspects of car insurance in Rhode Island.
You’ll learn what factors affect insurance rates, how to get affordable full coverage and liability insurance, and what options are available for youth and high-risk drivers. Plus, we’ll also tell you about Rhode Island’s top insurance companies and regional insurance trends. This guide brings you a complete solution!
Understanding Car Insurance in Rhode Island
Car insurance in Rhode Island is a legal requirement and essential for financial protection on the road. It provides coverage for potential accidents, property damage, or liability claims, giving drivers peace of mind.
Understanding the factors that affect insurance rates such as driving record, vehicle type, location and credit score helps in choosing the right policy. Minimum liability coverage is mandatory in Rhode Island, but it is better to have full coverage or comprehensive insurance for additional protection.
There are many insurance companies available in the state, comparing their quotes and looking for discounts can help you choose an affordable option. With the right information you can better meet your insurance needs.
Factors That Influence Car Insurance Rates in Rhode Island
When you’re planning car insurance in Rhode Island, it’s important to understand what factors affect your insurance rates. Here’s a detailed description of those key factors:
- Driving Record: Your driving history directly affects your insurance premium. If you have been in an accident or received traffic tickets in the past, your rates may be higher. On the other hand, a clean driving record ensures lower premiums.
- Vehicle Type and Model: The model and manufacturing year of your car play an important role in determining insurance rates. Insurance is cheaper for safer and more economical vehicles, while premiums are higher for luxury and sports cars.
- Place: Insurance rates vary in different areas of Rhode Island. Insurance can be expensive in locations with high traffic or high crime rates.
- Type of Insurance Coverage: The coverage you choose also affects your rates. For example, full coverage offers more protection but costs more, while liability-only coverage is cheaper.
- Credit Score: Many insurance companies in Rhode Island take credit scores into account when setting premiums. Customers with higher credit scores usually receive lower rates.
- Driver’s Age and Experience: Insurance rates are higher for young and new drivers, as the risk is higher due to their lack of experience. Whereas experienced drivers receive cheaper insurance.
- Selection of Insurance Company: There are many reputable insurance companies available in Rhode Island. Choosing the right company can improve your insurance rates and coverage options.
Affordable Car Insurance Options in Rhode Island
Getting affordable car insurance in Rhode Island is an important step for drivers. Whether you want full coverage, minimal liability insurance, or cheaper options for teen drivers, choosing the right policy can ensure both your protection and your budget.
Comparing insurance rates, taking advantage of discounts, and choosing a policy that suits your needs can provide the best results.
Cheap Full Coverage Insurance in Rhode Island
Full coverage insurance ensures comprehensive protection for your vehicle. This includes liability, collision and comprehensive coverage.
Rates vary between insurance companies in Rhode Island, and it is essential to compare rates to get the cheapest policy. The table below details the average 6 month and monthly premiums of major insurance companies in Rhode Island to help you make the right decision.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $762 | $127 |
| State Farm | $822 | $137 |
| USAA | $834 | $139 |
| Amica Mutual | $1,002 | $167 |
| Nationwide | $1,321 | $220 |
| GEICO | $1,509 | $252 |
| Progressive | $1,611 | $268 |
Affordable Liability Insurance in Rhode Island
Liability insurance is required by law in Rhode Island and covers any damage you cause to another person or their property. To get affordable liability insurance, you should compare rates from insurance companies.
The table below details the average 6 month and monthly premiums for Rhode Island’s major insurance companies.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $310 | $52 |
| USAA | $320 | $53 |
| State Farm | $321 | $53 |
| Amica Mutual | $373 | $62 |
| GEICO | $516 | $86 |
| Progressive | $600 | $100 |
| Nationwide | $702 | $117 |
Cheap Auto Insurance for Teens and Young Drivers in Rhode Island
Insurance for teen and young drivers is usually expensive because they lack experience and have a higher risk of accidents. However, by choosing the right company and taking advantage of the discounts available, you can get an affordable policy.
The table below details the average 6 month and monthly premium rates for auto insurance for teen and youth drivers in Rhode Island.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| State Farm | $2,606 | $434 |
| USAA | $2,657 | $443 |
| GEICO | $3,722 | $620 |
| Amica Mutual | $4,392 | $732 |
| Nationwide | $4,736 | $789 |
| Progressive | $7,348 | $1,225 |
| Travelers | $9,187 | $1,531 |
Insurance for High-Risk Drivers in Rhode Island
High-risk drivers, especially after a DUI (Driving Under the Influence), face difficulty obtaining insurance. However, some insurance companies in Rhode Island offer policy options for such drivers.
The table below details the average 6 month and monthly premiums from various insurance companies in Rhode Island after a DUI.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| State Farm | $822 | $137 |
| Travelers | $1,299 | $217 |
| USAA | $1,531 | $255 |
| Progressive | $1,867 | $311 |
| Nationwide | $2,718 | $453 |
| GEICO | $3,128 | $521 |
| Amica Mutual | $3,904 | $651 |
Rhode Island Auto Insurance Quotes After an Accident or Ticket
Getting auto insurance in Rhode Island after an accident or traffic ticket can be expensive, as insurance companies consider such cases high risk. However, with the right insurance company and strategies, you can find affordable options.
The table below details the average 6 month and monthly premiums for Rhode Island’s major insurance companies.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Travelers | $762 | $127 |
| State Farm | $822 | $137 |
| USAA | $834 | $139 |
| Amica Mutual | $1,002 | $167 |
| Nationwide | $1,321 | $220 |
| GEICO | $1,636 | $273 |
| Progressive | $1,887 | $315 |
Auto Insurance Rates Based on Violations in Rhode Island
Your driving habits have a big impact on insurance premiums in Rhode Island. Any traffic violation or accident can increase your insurance rates. The table below details various violations and their resulting increases in insurance rates.
| Accident/Violation | Avg. Annual Premium | $ Rate Increase |
|---|---|---|
| None | $2,641 | $0 |
| Not-at-fault accident | $2,680 | $38 |
| One comp claim | $2,714 | $73 |
| Two comp claims | $2,750 | $109 |
| One Med/PIP claim | $2,754 | $112 |
| At-fault accident – less than $1000 | $2,779 | $137 |
| At-fault accident – greater than $2000 | $2,779 | $137 |
| At-fault accident – $1000-$2000 | $2,779 | $137 |
| Two Med/PIP claims | $2,822 | $181 |
| Failure to wear a seat belt | $3,069 | $427 |
| Failure to show documents | $3,121 | $480 |
| Driving without lights | $3,152 | $511 |
| Child safety restraint | $3,152 | $511 |
| Driving with expired registration | $3,205 | $564 |
| Speeding 6 – 10 MPH over limit | $3,214 | $573 |
| Speeding in school zone | $3,239 | $598 |
| Driving too slowly | $3,239 | $598 |
| Failure to stop at a red light | $3,268 | $627 |
| Speeding 16 – 20 MPH over limit | $3,273 | $632 |
| Speeding 11 – 15 MPH over limit | $3,273 | $632 |
| Failure to yield | $3,296 | $655 |
| Illegal turn | $3,296 | $655 |
| Following too closely | $3,296 | $655 |
| Wrong way/wrong lane | $3,299 | $658 |
| Improper passing | $3,327 | $686 |
| Speeding 21 – 25 MPH over limit | $3,366 | $724 |
| Cell phone violation | $3,389 | $748 |
| Texting while driving | $3,389 | $748 |
| Passing school bus | $3,449 | $808 |
| Operating a vehicle without permission | $3,526 | $885 |
| In 65 MPH zone | $3,527 | $886 |
| Open container | $3,866 | $1,225 |
| Reckless driving | $4,732 | $2,091 |
| Refusal to submit to a chemical test | $4,803 | $2,162 |
| Driving with a suspended license | $4,861 | $2,219 |
| Racing | $4,894 | $2,253 |
| DUI | $5,076 | $2,434 |
| Leaving scene of an accident/hit and run | $5,248 | $2,607 |
Best Car Insurance Companies in Rhode Island
Choosing the best car insurance companies in Rhode Island depends on your budget and needs. Here are some top-rated insurance companies known for affordable rates and excellent service.
The average 6 month and monthly premium rates of these companies are given in the table below.
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| State Farm | $822 | $137 |
| USAA | $834 | $139 |
| Amica Mutual | $1,002 | $167 |
Top-Rated Providers for Car Insurance in Rhode Island
When choosing car insurance providers in Rhode Island, consider their customer satisfaction, financial stability, and consumer ratings. The table below details the JD Power Score, AM Best Rating and LendingTree Rating of major insurance companies, which will help you choose the right company.
| Company | J.D. Power | AM Best | LendingTree |
|---|---|---|---|
| Allstate | 635 | A+ | 3 stars |
| Amica | 709 | A+ | 3.5 stars |
| Farmers | 619 | A | 3 stars |
| Geico | 637 | A++ | 3.5 stars |
| Nationwide | 641 | A | 3 stars |
| Progressive | 622 | A+ | 4 stars |
| Travelers | 616 | A++ | 4.5 stars |
| USAA* | 739 | A++ | 4 stars |
(*USAA is only available to military members and their families.)
Car Insurance Trends and Regional Insights in Rhode Island
The car insurance market in Rhode Island is changing with the times, and the factors affecting insurance rates are constantly evolving.
Under this heading, we will discuss the trends of insurance prices in the state and comparison of insurance rates in different cities. This information will help you choose a better insurance plan.
Car Insurance Price Trends in Rhode Island
Car insurance rates in Rhode Island vary over time due to several factors, such as traffic density, cost of vehicle repairs, and the number of accidents. The table below details Rhode Island’s average annual premiums and annual changes in recent years.
| Year | Avg. Annual Premium — Rhode Island | Yearly Change — Rhode Island |
|---|---|---|
| 2024 | $2,390 | $155 |
| 2023 | $2,235 | -$94 |
| 2022 | $2,329 | $224 |
| 2021 | $2,106 | $233 |
| 2020 | $1,873 | -$220 |
| 2019 | $2,093 | -$127 |
| 2018 | $2,220 | $213 |
| 2017 | $2,007 | $22 |
| 2016 | $1,985 | $356 |
| 2015 | $1,629 | $92 |
Car Insurance in Popular Rhode Island Cities
Insurance rates in Rhode Island vary depending on the city. Insurance premiums tend to be higher in urban areas due to more traffic and the possibility of accidents, while it may be cheaper in rural areas. The table below details the average 6 month and monthly premiums in major cities in Rhode Island.
| City | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Providence | $1,764 | $294 |
| Cranston | $1,634 | $272 |
| Pawtucket | $1,537 | $256 |
| East Providence | $1,433 | $239 |
| Warwick | $1,334 | $222 |
What Are Rhode Island’s Minimum Auto Insurance Requirements?
There is a minimum insurance coverage requirement to drive a vehicle in Rhode Island. This coverage provides you financial protection and meets legal obligations. The table below details Rhode Island’s minimum insurance requirements.
| Coverage | What it covers | Minimum amount |
|---|---|---|
| Bodily injury liability | Injuries you cause to others in an accident | $25,000 per person $50,000 per accident |
| Property damage liability | Damage you cause to other people’s property in an accident | $25,000 per accident |
| UM/UIM bodily injury | Your medical expenses an uninsured or underinsured driver causes | $25,000 per person $50,000 per accident |
Note: This coverage can be rejected.
Conclusion
Choosing the right car insurance policy in Rhode Island is extremely important for your budget and protection. In this guide we discuss the factors affecting insurance rates, affordable full coverage and liability options, insurance solutions for high-risk drivers, and insurance trends in popular cities across the state.
Whether you are a young driver, an experienced driver, or looking for the best insurance company for you, the information in this article will prove useful to you.