BestCar InsuranceProvidenceThe Best Car Insurance in Providence, RI, for 2023
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MoneyGeek analyzed the best car insurance companies in Providence and found that State Farm is the top provider. However, based on your background and other factors, the best company for you may vary. MoneyGeek broke down the best car insurance companies for young and senior drivers, those with a military background and those with driving violations. MoneyGeek also provides information on the cheapest car insurance in Providence to help you find affordable options.
BestCar InsuranceProvidenceThe Best Car Insurance in Providence
Overall - State Farm
Minimum Coverage - State Farm
Young Drivers - State Farm
Senior Drivers - State Farm
Driving Violations - State Farm
Military - USAA
Best Car Insurance Companies in Providence: Overall
MoneyGeek ranked providers based on average rates, claims ratings and user satisfaction and found that the best car insurance companies in Providence are:
- State Farm: 95 out of 100
- Travelers: 77 out of 100
USAA received a MoneyGeek score of 96 out of 100, making it the best car insurance in Rhode Island. However, we excluded it from the rankings because its policies are available only to military members and their families.
The Top Car Insurance Companies in Providence
1
State FarmOverall
Score:95
State Farm ranks high for claims and customer satisfaction. It is also the most affordable option at an average of $790 per year and has unique coverages, including rideshare insurance.
More About State Farm
If you work for a rideshare company, State Farm offers optional rideshare insurance, which ensures your coverage remains in effect while working. State Farm also offers standard coverages, including rental car or travel reimbursement to cover expenses incurred while your car is repaired.
Read MoneyGeek's State Farm auto Insurance Review2
Travelers
Score:77
Travelers rates highly for claims and is also one of the more affordable options for car insurance in Providence at an average cost of $1,443 per year. Travelers also offers unique coverages, including gap insurance.
More About Travelers
Travelers offers gap insurance, which covers the difference between the actual cash value of your vehicle and the unpaid balance of the auto loan or lease if your car is damaged. You can also get accident forgiveness on your policy to prevent your car insurance premiums from increasing after your first at-fault accident.
Read MoneyGeek's Travelers auto Insurance ReviewRESOURCES ON CAR INSURANCE IN PROVIDENCE, RHODE ISLAND
If you are looking to save on your premiums, MoneyGeek analyzed the cheapest car insurance companies in Providence. We also have resources to help you get more information on car insurance in Rhode Island, including:
Best Cheap Car Insurance for Minimum Coverage in Providence
MoneyGeek ranked the best car insurance companies in Providence for drivers looking for policies that meet the minimum coverage required by Rhode Island car insurance laws. The top two companies for minimum coverage in Providence are:
- State Farm: 95 out of 100
- Travelers: 71 out of 100
MoneyGeek scored providers based on different driver backgrounds, including young and older drivers and those with violations.
MoneyGeek’s Pick: State Farm
pros
Affordable minimum coverage at an average cost of $430 per year
Multiple discounts, including bundling, multiple-car and new vehicle discounts
MoneyGeek user satisfaction rating of 4.30 out 5
MoneyGeek claims rating of 4 out 5
cons
No paperless or pay-in-full discounts
COMPANY HIGHLIGHTS
State Farm offers the most common car insurance discounts that help make your policy more affordable. For example, you can get a discount for insuring multiple cars and for bundling two insurance policies.
State Farm also offers unique discounts for drivers with new vehicles and those with anti-theft systems. In addition, you can qualify for a discount on your premiums if you take an approved defensive driving class.
Best Car Insurance for Young Drivers in Providence
MoneyGeek ranked the best car insurance companies for young drivers in Providence and found that the top companies are:
- State Farm: 95 out of 100
- Allstate: 90 out of 100
These scores are based on a blend of different policy coverages and driving histories for 18-year-olds.
Car insurance for teens and auto insurance rates for students tend to be higher since inexperienced drivers are considered more likely to get into crashes.
MoneyGeek’s Pick: State Farm
pros
Affordable coverage for young drivers at an average cost of $2,374 per year
Good student and driver’s education discounts
Distant student discount
MoneyGeek user satisfaction rating of 4.30 out 5
cons
Limited optional coverages
COMPANY HIGHLIGHTS
State Farm is among the most affordable companies if you want to add a young driver to your policy. It also offers great service and a wide range of discounts tailored to students, which can help lower your premiums.
Students with good grades can earn a good student discount, and drivers under 21 who complete an approved driver’s education class can also qualify for a discount. In addition, State Farm offers a distant student discount for students who live at school and only drive the car when home. Young drivers can also benefit from roadside assistance coverage.
Best Car Insurance for Senior Drivers in Providence
MoneyGeek ranked the best car insurance in Providence based on profiles of senior drivers and found that the top two companies for seniors are:
- State Farm: 95 out of 100
- Travelers: 65 out of 100
Car insurance for seniors may cost more than that for middle-aged drivers.
MoneyGeek’s Pick: State Farm
pros
Affordable full coverage for seniors with a clean record costs $803 per year
Discount for completing a defensive driving class
MoneyGeek user satisfaction rating of 4.30 out 5
MoneyGeek claims rating of 4 out 5
cons
No senior driver discounts
No unique coverages
COMPANY HIGHLIGHTS
Although there is no difference in coverage between car insurance policies for seniors and those for other drivers, rates tend to be higher for older drivers. State Farm offers the best balance of affordability and quality service for senior drivers in Providence. This provider also offers many common car insurance discounts, which can make your premiums more affordable.
State Farm offers discounts for safe driving and for taking defensive driving classes. Drivers can also get a passive restraint discount, which applies to older vehicles with an airbag or other passive restraint system.
Best Car Insurance With a Driving Violation in Providence
If you have a violation, the best auto insurance companies in Providence are:
- State Farm: 95 out of 100
- Nationwide: 67 out of 100
MoneyGeek rated the best companies based on profiles of Providence drivers with an at-fault accident on their records. Scores are based on a blend of different policy coverages and drivers of different ages.
Car insurance can be significantly more expensive for drivers with a poor driving record.
MoneyGeek’s Pick: State Farm
pros
Offers full coverage for drivers with violations at an average of $1,076 per year
Offers most common car insurance discounts
MoneyGeek user satisfaction rating of 4.30 out 5
MoneyGeek claims rating of 4 out 5
cons
Doesn’t offer accident forgiveness
COMPANY HIGHLIGHTS
If you have a violation, finding a company that offers a combination of affordable rates, appropriate coverages and quality service is key. State Farm allows you to save on your premiums if you bundle multiple policies or insure more than one car. State Farm also offers safe driving and anti-theft system discounts, which will help you save on your premiums if you take an approved safe driving class or install an alarm or other protective devices in your car.
Best Car Insurance With a Military Background in Providence
USAA, with a MoneyGeek score of 96 out of 100, offers the best balance of affordability and high-quality service in Providence for those with military backgrounds. To find the best car insurance for military members, MoneyGeek scored providers based on various driver backgrounds and coverage levels, including young and senior drivers and those with violations. Only current and former military members are eligible for USAA.
MoneyGeek’s Pick: USAA
pros
Affordable full coverage for a 40-year-old driver at $899 per year
Offers most of the common car insurance discounts, including safe driving and multiple-car
MoneyGeek user satisfaction score of 5 out 5
MoneyGeek claims score of 5 out 5
cons
USAA does not have new car replacement coverage and only offers three out of the seven most common coverages
Only available to drivers with a military background
COMPANY HIGHLIGHTS
For drivers with a military background, USAA offers the best balance of affordability and great service. USAA offers accident forgiveness coverage which prevents your rates from rising after your first at-fault accident. Drivers also get roadside assistance and rental car or travel reimbursement coverage, which covers expenses you incur while your vehicle is repaired.
USAA offers most of the common discounts and some unique ones, including discounts for cars less than three years old. You can also get mileage discounts based on how much you drive in a year.
Methodology
MoneyGeek ranked the best car insurance companies In Providence, RI, based on affordability, customer satisfaction, claims and financial stability ratings. We obtained data from industry-leading agencies, including J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).
MoneyGeek’s scoring system weighted scores for the different assessment categories as follows:
- Affordability (70%): MoneyGeek collected average car insurance costs from insurance companies in Providence and rated them on a scale of one to five based on their affordability.
- Customer and claims satisfaction (20%): MoneyGeek evaluated surveys from J.D. Power to measure customer satisfaction scores for different providers with user satisfaction and claims weighted at 10% each.
- Financial stability (10%): MoneyGeek used AM Best ratings to score providers on a scale of one to five based on the provider’s capacity to fulfill its financial obligations to clients.
MoneyGeek then applied a 100-point scale to the overall scores. We calculated affordability scores using different variables, including age, driving record and coverage levels, which were adjusted as appropriate for specific driver profiles.
Unless otherwise indicated, all rates reflect the average premiums for a full coverage policy with the following limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
- Comprehensive and collision coverage with a $1,000 deductible
MoneyGeek’s car insurance methodology provides more information on how we collect, compare and score companies.
About Mark Fitzpatrick
