How Much Is Car Insurance in Rhode Island? (September 2024)

Rhode Island drivers pay an average of $1,419 annually for full coverage car insurance, while minimum coverage costs an average of $739 per year.

Several factors impact your car insurance premium, including your age, coverage level, location, driving record and credit history. To find the right policy, balance these factors to match your needs and budget.

The average cost of full coverage car insurance in Rhode Island is $1,419 per year, or $118 per month. Knowing the average car insurance cost helps determine if you're getting a fair quote from insurers. You can find affordable rates by comparing car insurance quotes.

The table below shows the average costs for minimum or full coverage in Rhode Island.

Car insurance in Rhode Island is generally more expensive than the national average cost of car insurance. The average annual premium for full coverage with a $1,000 deductible is $1,419, compared to the national average of $1,330. Minimum coverage in Rhode Island averages $739 annually, while the national average is $615.

Several factors contribute to Rhode Island's higher rates. The state's dense population can lead to more traffic accidents. The higher cost of living, medical expenses and vehicle repairs drive up insurance premiums. Severe weather also increases the risk of damage and insurance claims.

Car insurance premiums vary widely among companies, even within a state. Travelers offers the most affordable full coverage in Rhode Island at $1,002 annually, while GEICO charges $2,459 for the same coverage.

To find the best rates, compare quotes from different providers to match your needs and budget.

In Rhode Island, car insurance costs vary by coverage level. Minimum coverage averages about $62 per month, while full coverage with a $1,000 deductible costs around $118 monthly. Although more expensive, full coverage insurance is recommended for its broader protection.

Adding comprehensive and collision coverage increases your premium, but choosing higher deductibles can help manage these costs. Each deductible applies per claim for comprehensive and collision coverage.

Rhode Island drivers must meet the minimum car insurance requirements, which include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident.

In Rhode Island, age greatly affects car insurance costs. Young drivers, particularly those aged 22 to 29, pay the highest premiums, averaging $1,648 per year. Rates decrease for drivers aged 30 to 59, who pay around $1,419 annually. However, premiums rise again for drivers aged 60 and over, reaching an average of $1,522.

In Rhode Island, age and gender significantly influence car insurance rates. A 16-year-old male driver added to a family policy typically sees the highest premiums, averaging $3,382 annually.

Teens under 18 often need a parent or guardian to co-sign for car insurance. The premium soars to $10,020 per year for an individual policy.

The average annual cost of full coverage car insurance is $1,136 for a 2012 model and $1,408 for a 2022 model. Newer cars typically have higher premiums due to their increased actual cash value, repair costs and theft risk.

Drivers with newer models should opt for comprehensive and collision coverages for better financial protection against accidents, natural disasters and theft.

Your driving record significantly impacts your car insurance costs:

• With a ticket: $1,885 per year; $157 per month
• With an at-fault accident: $1,468 per year; $122 per month
• With a DUI: $2,865 per year; $239 per month

Serious driving violations result in higher premiums. In Rhode Island, a DUI can affect your insurance rates for up to five years, while infractions like speeding tickets generally stay on your record for three years.

Your credit score impacts your car insurance premium. In Rhode Island, annual rates range from $843 for excellent credit to $1,641 for poor credit. A good credit score (670–739) can lead to more affordable rates, while scores below 580 may result in higher insurance costs.

Several factors influence car insurance rates in Rhode Island:

• Driving record: Clean records generally lower premiums, while speeding tickets or accidents can increase costs.
• Age and experience: Younger drivers often pay more due to perceived higher accident risk.
• Credit score: Lower scores may increase insurance rates as insurers assess risk.
• Vehicle type: Insuring luxury or sports cars is typically more expensive than insuring safety-rated vehicles.
• Location: Urban areas with higher traffic and theft rates often have more expensive insurance.
• Coverage level: Comprehensive or collision coverage increases premiums but provides better protection.
• Deductible amount: Higher deductibles lower premiums but increase out-of-pocket costs in case of a claim.

Every insurer weighs these factors differently, so comparing quotes is crucial to finding the best rates.

To secure affordable car insurance in Rhode Island, compare rates, increase your deductible and take advantage of all applicable discounts.

We address common questions about the average cost of car insurance in Rhode Island, offering insights into factors that influence premiums and strategies to help you reduce your insurance costs.