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

Drivers in Rhode Island pay an annual average of $1,380 for full coverage car insurance. Minimum coverage costs an average of $731 per year.

Various factors impact your car insurance premium, including your age, the level of coverage you choose, where you live, your driving record and your credit history. Finding the right policy involves balancing these factors to find coverage that meets your needs and budget.

The average cost of full coverage car insurance in Rhode Island is $1,380 per year or $115 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. For instance, the average annual premium for 100/300/100 full coverage with a $1,000 deductible in Rhode Island is $1,380 ($115 per month), while the national average is $1,296 ($108 per month). Similarly, Rhode Island's minimum coverage costs an average of $731 per year ($61 per month), whereas the national average is $595 per year ($50 per month).

Rhode Island's higher rates can be attributed to several factors. It's a densely populated state, which may lead to more traffic accidents. Higher medical costs can also affect insurance payouts. Vehicle repair costs may also be higher than in other areas. Rhode Island experiences severe weather, which can increase the risk of damage and, consequently, insurance claims.

Car insurance premiums can vary significantly among companies, even within a state. Amica Mutual offers the most affordable full coverage, with an average annual premium of $980. GEICO has the highest average annual premium, at $2,365 for the same coverage.

When searching for the cheapest car insurance in Rhode Island, compare quotes from various providers. Reviewing different options, you can find the coverage that best suits your needs and budget.

Coverage level affects your car insurance cost. In Rhode Island, for example, the average monthly cost for minimum coverage is $61, while full coverage with a $1,000 deductible averages $115 monthly. Despite the higher price, it's better to get full coverage insurance for more comprehensive protection.

Adding comprehensive and collision coverage will raise your premium, but you can select higher deductibles to offset this increase. The deductible is the amount you'll pay out of pocket for each comprehensive or collision claim, affecting your overall cost. Keeping this balance in mind can help manage your insurance expenses while staying adequately insured.

In 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.

Age significantly influences car insurance costs in Rhode Island, with young drivers typically paying the most. Premiums decrease with age until drivers reach their 60s, when rates slightly increase again. For example, drivers aged 22 to 29 pay around $1,606 per year, while drivers aged 30 to 59 see a decrease to around $1,380 annually. However, once drivers turn 60, average annual rates rise again to $1,477.

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 per year.

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

The average annual cost of full coverage car insurance for a 2012 car model is $1,136, contrasting with $1,408 for a 2022 model. Newer models often incur higher premiums due to their greater actual cash value, higher repair costs and heightened risk of theft.

Drivers with newer models should consider comprehensive and collision coverage. These coverages provide robust financial protection on the road and safeguard against various potential losses, including accidents, natural disasters and theft.

Drivers in Rhode Island can see how their driving records might affect their car insurance costs. Here's what you might pay on average, depending on your driving history:

• With a ticket: $1,832 per year; $153 per month
• With an at-fault accident: $1,428 per year; $119 per month
• With a DUI: $2,742 per year; $228 per month

The more serious your driving violation in Rhode Island, the higher your insurance premiums could be. Violations stay on your record and can affect your rates for a specified period. In Rhode Island, a DUI can impact your insurance costs for up to five years. Other infractions, like speeding tickets, usually stay on your record for three years.

Review the table by coverage and age group to find the average cost for each driving record in Rhode Island.

Your credit score plays a significant role in determining car insurance premiums in Rhode Island, with annual rates ranging from $843 to $1,641.

A good credit score ranges from 670 to 739, with higher scores often yielding more affordable rates. Scores below 580 are considered poor and may lead to higher insurance costs.

Discover the key factors influencing car insurance rates in Rhode Island, ensuring you find the most affordable coverage suited to your driving needs.

• Driving Record: A clean driving record can lead to lower car insurance rates, while infractions like speeding tickets or accidents can increase premiums in Rhode Island.

• Age and Experience: Younger, less experienced drivers often face higher car insurance costs due to a perceived higher risk of accidents.

• Credit Score: Insurers in Rhode Island may use credit scores to assess risk, with lower scores possibly leading to higher insurance rates.

• Vehicle Type: The cost of insuring luxury or sports cars is typically higher compared to more modest, safety-rated vehicles.

• Location: Urban areas with higher traffic density and theft rates can have more expensive car insurance compared to rural areas in Rhode Island.

• Coverage Level: Adding comprehensive insurance or collision coverage can increase your premiums but offer better protection.

• Deductible Amount: A higher deductible can lower your car insurance premium, but it means more out-of-pocket expenses in case of a claim.

Remember that every insurance company weighs these factors differently, so it's essential to shop around for the best rates.

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

We answer questions to common questions about the average cost of car insurance in Rhode Island, helping you discover factors influencing premiums and ways to potentially reduce your insurance costs.