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


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byDenise Cristobal
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Updated: May 29, 2024

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Drivers in Rhode Island pay an annual average of $1,347 for full coverage car insurance. Minimum coverage costs an average of $709 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.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Rhode Island Insurance Division to get the most precise average costs for a variety of Rhode Island drivers.

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These rates reflect the average cost of car insurance in Rhode Island as of 2024.

12,429Quotes Analyzed
 
9Companies Compared
 
16ZIP Codes

Average Car Insurance Costs in Rhode Island

The average cost of full coverage car insurance in Rhode Island is $1,347 per year or $112 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.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,347Average Monthly Premium$112
100/300/100 Liability OnlyAverage Annual Premium$816Average Monthly Premium$68
State Minimum Liability OnlyAverage Annual Premium$709Average Monthly Premium$59

Why Are Car Insurance Rates Moderate 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 $1,347 ($112 per month), while the national average is $1,244 ($104 per month). Similarly, Rhode Island's minimum coverage costs an average of $709 per year ($59 per month), whereas the national average is $573 per year ($48 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.

Average Car Insurance Costs in Rhode Island by Company

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, comparing quotes from various providers is important. You can find the coverage that best suits your needs and budget by reviewing different options. Explore the cheapest car insurance in Rhode Island to get a deal that works for you.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
Amica MutualAnnual Premium$980Monthly Premium$82
TravelersAnnual Premium$1,002Monthly Premium$83
State FarmAnnual Premium$1,014Monthly Premium$85
American FamilyAnnual Premium$1,241Monthly Premium$103
NationwideAnnual Premium$1,317Monthly Premium$110
ProgressiveAnnual Premium$1,396Monthly Premium$116
AllstateAnnual Premium$1,457Monthly Premium$121
GEICOAnnual Premium$2,365Monthly Premium$197
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Average Car Insurance Costs in Rhode Island by Coverage Level

The cost of car insurance in Rhode Island is also determined by the level of coverage you choose. For example, the average monthly cost for minimum coverage is $59, whereas full coverage with a $1,000 deductible averages $112 per month. Despite the higher price, it's advisable to opt for full coverage insurance for more comprehensive protection.

Adding comprehensive and collision coverage will raise your insurance 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 and collision claim, affecting your overall cost. Keeping this balance in mind can help manage your insurance expenses while staying adequately insured.

State Minimum Liability OnlyAverage Annual Premium$709Average Monthly Premium$59
100/300/100 Liability OnlyAverage Annual Premium$816Average Monthly Premium$68
300/500/300 Liability OnlyAverage Annual Premium$918Average Monthly Premium$77
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,174Average Monthly Premium$98
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,240Average Monthly Premium$103
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$1,282Average Monthly Premium$107
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,347Average Monthly Premium$112
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$1,384Average Monthly Premium$115

Minimum Car Insurance Requirements in Rhode Island

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.

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    $25,000 for bodily injury liability per person

    Rhode Island requires a minimum of $25,000 in bodily injury liability coverage per person to cover expenses related to injuries you may cause to someone in an auto accident.

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    $50,000 for bodily injury liability per accident

    Rhode Island requires at least $50,000 in bodily injury liability per accident to cover injuries to multiple people in an accident you cause.

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    $25,000 for property damage liability per accident

    Rhode Island mandates a minimum of $25,000 for property damage liability to pay for damages to another person's property due to an accident you cause.

Average Car Insurance Costs in Rhode Island by Age

Age significantly influences car insurance costs in Rhode Island, with young drivers typically paying the most. The trend shows premiums decrease with age until drivers reach their sixties, where rates slightly increase again. For example, drivers aged 22 to 29 pay around $1,565 per year, while drivers aged 30 to 59 see a decrease to approximately $1,347 per year.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,565Average Monthly Premium$130
30-59Average Annual Premium$1,347Average Monthly Premium$112
60 +Average Annual Premium$1,447Average Monthly Premium$121

Average Car Insurance Costs in Rhode Island for Teens

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.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$3,382Individual Premium$10,020
17Added to Family Policy Premium$3,199Individual Premium$7,044
18Added to Family Policy Premium$2,800Individual Premium$5,986
19Added to Family Policy Premium$2,512Individual Premium$4,172
20Added to Family Policy Premium$2,599Individual Premium$3,678
21Added to Family Policy Premium$2,005Individual Premium$2,664
22Added to Family Policy Premium$2,137Individual Premium$2,433
23Added to Family Policy Premium$2,232Individual Premium$2,064

Average Car Insurance Costs in Rhode Island for New Cars

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$1,136Monthly Premium$95
2022 VehicleAnnual Premium$1,408Monthly Premium$117

Average Car Insurance Costs in Rhode Island by Driving Record

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: $1,795 per year; $150 per month
  • With an at-fault accident: $1,395 per year; $116 per month
  • With a DUI: $2,675 per year; $223 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,347Average Monthly Premium$112
At-fault AccidentAverage Annual Premium$1,395Average Monthly Premium$116
TicketAverage Annual Premium$1,795Average Monthly Premium$150
DUIAverage Annual Premium$2,675Average Monthly Premium$223

Average Car Insurance Costs in Rhode Island by Credit Score

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$843Monthly Premium$70
GoodAnnual Premium$1,009Monthly Premium$84
FairAnnual Premium$1,210Monthly Premium$101
Below FairAnnual Premium$1,394Monthly Premium$116
PoorAnnual Premium$1,641Monthly Premium$137
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Factors Affecting Car Insurance Rates in Rhode Island

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.

How to Save Money on Car Insurance in Rhode Island

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

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    Compare quotes

    Regularly comparing insurance quotes can lead to finding the cheapest car insurance in Rhode Island. Providers often change rates based on market conditions.

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    Maintain a clean driving record

    A clean driving record free of accidents and traffic violations can significantly reduce your insurance costs, as insurers consider you less of a risk.

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    Choose a higher deductible

    Opting for a higher deductible can lower your premium. Ensure you can afford the deductible in case of a claim.

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    Bundle policies

    Bundling car insurance with other policies like home insurance can unlock discounts and lead to more affordable rates.

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    Seek out discounts

    Ask your insurer about discounts for things like safe driving, anti-theft devices or being a good student to reduce your premium.

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    Drive a car with lower insurance costs

    Choose a vehicle that is cheaper to insure. Typically, cars that are less expensive to repair or replace have lower insurance rates.

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    Improve your credit score

    A good credit score in Rhode Island can positively impact your car insurance rates, as insurers equate higher credit scores with lower risk.

FAQ: Car Insurance Costs in Rhode Island

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.

What are the minimum car insurance requirements in Rhode Island?
What is the average cost of full coverage and minimum coverage auto insurance in Rhode Island?
What is the average cost of car insurance for a 22-year-old in Rhode Island?
What are the cheapest car insurance companies in Rhode Island?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.