Compare the Cheapest Car Insurance Quotes in Providence, RI

Auto insurance premiums in Providence cost $1,822 on average, the same as the state annual average. State Farm, the most affordable company, has an average rate of $790. MoneyGeek analyzed the cheapest insurers by coverage amount and driver type. If you value both cost and quality, MoneyGeek ranked the best auto insurers in Providence.

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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

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Last Updated: 9/22/2022
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The cheapest widely available insurer in Providence is State Farm, with an average premium for full insurance of $790 per year. The insurance company also offers the most affordable state minimum liability insurance at $430 annually, and at $790 is a great option for drivers who have a speeding ticket. Drivers who are members of the military have another option with USAA, although MoneyGeek recommends State Farm for its affordability and excellent customer support.

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The Cheapest and Best Car Insurance in Providence

The Cheapest Car Insurance Companies in Providence

In Providence, the most affordable auto insurance providers for full coverage policies are:

  • State Farm: $790 per year
  • Amica Mutual: $1,429 per year

Former and current military personnel and their families in Providence will find USAA car insurance an affordable option with an average annual premium of $899.

With an average annual premium of $790, State Farm is by far the full coverage provider among the insurance companies in Providence. Their rate is 248% (about $1,961) lower than Metlife, the most expensive in the city, with an average annual premium of $2,751.

All full-coverage policies include comprehensive and collision coverage, but the cost will change depending on the amount of liability insurance you choose.

Cheapest Car Insurance in Providence
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    State Farm
    $790
  • 2.
    USAA
    $899
  • 3.
    Amica Mutual
    $1,429
  • 4.
    Travelers
    $1,443
  • 5.
    Progressive
    $1,742
  • 6.
    Allstate
    $1,895
  • 7.
    Nationwide
    $1,936
  • 8.
    GEICO
    $2,105
  • 9.
    Nationwide
    $2,306
  • 10.
    MetLife
    $2,751

As described in our methodology, the quotes in MoneyGeek’s analysis are based on our sample driver, being a 40-year-old male looking for a full coverage policy.

Coverage that includes comprehensive and collision will cost more than a policy with only liability coverage. What makes it worth the cost is that full coverage car insurance helps cover the cost of repairs to your car when it’s damaged.

  • Collision Insurance: If you hit another vehicle or a stationary object like a fence, this insurance covers repairs.
  • Comprehensive Insurance: If your car sustains non-collision damage, like from a falling object or due to vandalism, this insurance covers repairs.

If you have an older vehicle, you may wish to save on monthly premiums by choosing state minimum or liability-only insurance. This can make sense if the premiums add up to more than the replacement value of your car.

Compare Car Insurance Rates in Providence

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Cheapest Car Insurance in Providence for Minimum Coverage

The price of auto insurance in Providence and elsewhere is affected by the amount of coverage. For instance, a state minimum liability-only policy in Providence costs $1,086 on average. A full coverage policy costs an average of $1,822, a $736 difference.

Cheapest Minimum Liability Car Insurance in Providence
State Minimum

By law, drivers in Rhode Island must have 25/50/25 state minimum liability insurance. It’s certainly the cheapest insurance option, but it provides the least protection. You may have to make a substantial payment after an accident to cover what the insurer does not.

For instance, if you cause an accident, and the other driver racks up $50,000 in medical bills, you’ll have to pay what the insurer doesn’t. In this case, your minimal coverage insurance covers only up to $25,000. That means you'll be responsible for the remaining $25,000.

Rhode Island Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.

Cheapest Car Insurance in Providence if You Have Driving Violations

Your car insurance premium is affected by many variables, one being your driving history. Violations such as speeding tickets, at-fault accidents and DUIs tend to result in higher premiums.

On average, the following insurers in Providence provide the best value for drivers with these specific violations:

  • Cheapest after a ticket: State Farm, $790 per year
  • Cheapest after an at-fault accident: State Farm, $1,076 per year
  • Cheapest after a DUI: State Farm, $790 per year

After a speeding ticket, DUI or car accident, try shopping around for quotes to see which insurance companies in Providence offer the most affordable rates for drivers with bad records. In the meantime, you can improve your driving history to reduce your premiums that way.

Cheapest Car Insurance in Providence With a Violation
Speeding Ticket

Average Cost of Car Insurance in Providence

Providence$1,822
RI$1,822
U.S.$1,424

In Providence, the average yearly car insurance rate is $1,822. This rate is the same as the Rhode Island average and 27.9% more than the national average of $1,424 per year.

Personalized Quotes to Get You the Cheapest Car Insurance in Providence

To determine car insurance quotes in Providence, providers analyze multiple factors including your age and gender, credit score, driving history and more. For example, in Providence, State Farm’s average policy for an 18-year-old driver is triple the cost of similar coverage for a 40-year-old driver. It’s a wise idea to regularly get a personalized quote so you can find cheap coverage as your situations change.

Compare Car Insurance Rates in Providence

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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The Best Car Insurance Companies in Providence

For Providence drivers seeking affordable coverage and quality service, MoneyGeek analyzed the best providers in the city to help you quickly find excellent options. According to our analysis, the best car insurance carriers in Providence for most drivers are:

  • GEICO: MoneyGeek score of 93 out of 100
  • Allstate: MoneyGeek score of 88 out of 100

USAA received the highest score in Providence, with 100 out of 100. However, because USAA is only available to military members, veterans and their families, we did not list it as best overall.

MoneyGeek ranked these car insurance companies with insurer financial stability, customer satisfaction and affordability among our criteria. We used multiple resources to perform this study, including findings by J. D. Power, a consumer intelligence company.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
GEICO
Score:93

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

3
Allstate
Score:88

3/5

Affordability

4/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

4
Nationwide
Score:85

3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

5
Progressive
Score:83

4/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

6
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

7
Hanover
Score:78

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

8
MetLife
Score:78

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

10
MAPFRE Insurance
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

11
Safety Group
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

12
Arbella Insurance Group
Score:73

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

13
Plymouth Rock Assurance
Score:73

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

14
Safeco
Score:73

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Average Cost of Car Insurance by Postal Code

Your neighborhood in Providence, Rhode Island, also plays a role in the cost of your car insurance premium. This is because localities with higher numbers of accidents, car-theft incidents and uninsured drivers are more expensive for insurers. In Providence, ZIP code 02904 has the cheapest average annual premium at $1,658, which is $280 less than the typical rate in ZIP code 02909.

  • Zip Code
    State Minimumper year
  • 02904
    $1,658
  • 02908
    $1,870
  • 02909
    $1,938

Factors That Impact Insurance Costs in Providence

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Providence. How Providence ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities219th/300
handcuffs2 icon
Most Car Thefts35th/300
uninsured icon
Most Uninsured Motorists by State13th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall52nd/300
umbrella icon
Most Rainy Days59th/300

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.