Rhode Island may be the smallest state in the United States, but unfortunately, its car insurance rates are not. According to MoneyGeek’s rate analysis, Rhode Island’s premiums are the fifth most expensive in the country. However, unlike some states, insurance costs have held steady since 2017 and went down 0.3% last year.
Why are drivers paying so much for car insurance? There are likely two reasons. First, 15.9% of drivers are uninsured, and second, studies say auto repair costs are also high. While the average premium is above average, there are still ways to find affordable car insurance in Rhode Island. It’s important to get several quotes to fit your individual needs, to ensure you have the right coverage at the right price.