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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.

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The Best Cheap Car Insurance Companies in Providence

In Providence, the most affordable car insurance provider on average is State Farm. Their typical rates are more than three times cheaper than MetLife, the city’s costliest auto insurance company.

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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.

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Cheapest Car Insurance in Providence by Coverage Amount

How much car insurance coverage you purchase in Providence also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

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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.

Car insurance companies prepare plans that indicate the limits for each level and type of coverage. In Providence, State Farm offers both liability-only and full-coverage plans within 50/100/50 limits. These restrictions mean the policy covers $50,000 of medical bills per person, totaling $100,000 per vehicle, as well as $50,000 of property damage repair. The full-coverage plan also covers your own costs — therefore, its average rate is $221 higher than a liability-only package from the same company.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Providence if You Have Tickets

A speeding ticket or other violation on your driving record can increase your car insurance premium. For example, Travelers policyholders in Providence with a speeding ticket need to pay an average of $323 more annually for their coverage. Similarly, Travelers customers with a DUI on their record need to pay around $846 more per year for their car insurance compared to those with a clean driving record.

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
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Personal Injury Protection RequiredNo
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Most Annual Rainfall52nd/300
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Most Rainy Days59th/300

Shopping around for car insurance in Providence could save you $1,031, which is enough to buy:


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344Cups of Coffee
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79Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Providence are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Compare Car Insurance Rates in Providence

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

Insurance Rates

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.