The Cheapest Car Insurance in Rhode Island (June 2024)

The cheapest minimum coverage auto insurance in Rhode Island is provided by Amica Mutual. State Farm also offers the cheapest rates in Rhode Island for certain types of drivers.

Review MoneyGeek's rankings for the best car insurance companies in Rhode Island to find a company that balances affordability and quality service.

Based on MoneyGeek’s analysis, the cheapest car insurance companies in Rhode Island for a minimum coverage policy are:

• Amica Mutual: $463 per year
• Travelers: $475 per year

With an average yearly premium of $1,286, GEICO is the most expensive auto insurance provider in the state for minimum coverage.

Only property damage liability (PDL) and bodily insurance liability (BIL) are included in the state minimum requirements for auto insurance.

A minimum coverage policy only pays for damages that you inflict on others’ vehicles, not your own. If you want broader protection that covers damages to your own car, purchase a full coverage policy that includes comprehensive and collision insurance.

In Rhode Island, these companies offer the cheapest full coverage car insurance:

• Amica Mutual: $980 per year
• Travelers: $1,002 per year

In Rhode Island, GEICO charges around $2,365 annually, making it the most expensive insurer in the state for full coverage auto insurance.

Your annual rate may go up if you add comprehensive and collision insurance to your motor policy. For instance, Amica Mutual charges $517 more for full coverage than for minimum coverage.

If you need to make a claim, full coverage auto insurance provides more financial protection. It covers losses resulting from off-road occurrences as well as on-road collisions.

Car insurance rates are considerably impacted by how much car insurance you need. MoneyGeek’s sample full coverage policy includes the following limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident

You can lower your insurance costs by lowering your liability limits, dropping comprehensive and collision insurance or increasing your deductible. If you opt for less coverage, you might pay more out of pocket if you get into an accident.

Car insurance providers usually offer online quotes, but it can take up to 15 minutes to provide the required personal information. Repeating this process for multiple providers will allow you to compare rates, but that time adds up.

Instead of requiring you to give personal information to multiple insurers, MoneyGeek provided a car insurance calculator to help you get a quote fast. To get started, choose your age, gender and driving history from the options below.

State Farm, Travelers, and Travelers offer the cheapest car insurance options, on average, depending on what age group you and your.

In Rhode Island, the following companies generally provide teen drivers on a parent's policy with the most affordable car insurance:

• State Farm: $2,187 per year for male teens and $1,592 per year for female teens
• Nationwide: $2,982 per year for male teens and $2,577 per year for female teens

Teenagers are subject to the highest rates from Progressive, which average $4,861 for males and $4,415 for females.

These premiums apply to a 16-year-old who is covered by their parent's policy. The addition of a teen to your coverage costs significantly less than purchasing a separate policy for them.

If a 16-year-old Rhode Island resident purchases their own policy, they could spend $10,026 per year compared with $3,432 if their parents add them to an existing policy. That’s a whopping difference of $6,594.

Distant students and students with outstanding grades are both eligible for discounts from the majority of these insurers, including State Farm, Allstate, Travelers and Progressive. GEICO and Nationwide only offer good student discounts for this demographic.

In Rhode Island, the following companies offer the most affordable car insurance for drivers in their 20s:

• Travelers: $1,040 per year
• Amica Mutual: $1,063 per year

With an average annual premium cost of $2,514, GEICO is the most expensive car insurance policy in the state for young adult drivers.

Typically, drivers in their 20s will pay more for car insurance than middle-aged drivers. In Rhode Island, a 25-year-old will pay approximately $226 more for auto insurance than a 40-year-old driver.

MoneyGeek found that the following companies are the cheapest car insurance providers in Rhode Island for seniors:

• Travelers: $1,016 per year
• State Farm: $1,031 per year

The most expensive auto insurance for seniors is offered by GEICO at about $2,252 annually.

Senior drivers tend to pay more for car insurance than middle-aged drivers. In Rhode All drivers will pay approximately $97 more per year than a 40-year-old driver. As drivers approach their 70s and 80s, rates frequently rise.

Seniors in Rhode Island can receive discounts from Allstate, GEICO and American Family. The easiest way to obtain affordable, competitive coverage is to compare providers because age is just one of several factors that insurers use to calculate your rates.

In Rhode Island, State Farm has the lowest rates for drivers with tickets and DUIs on their records, while Amica Mutual offers the cheapest policy for those with at-fault accidents. Auto insurance companies frequently impose higher premiums on drivers who have a history of traffic infractions.

It is possible to improve your profile over time and get better in rates by enrolling in state-approved driving courses and routinely checking your record for mistakes.

Travelers is the most affordable provider for drivers with poor credit and the cheapest provider for those with sports cars.

In Rhode Island, the providers with the lowest average full coverage car insurance cost for drivers with a speeding ticket are:

• State Farm: $1,014 per year
• Travelers: $1,204 per year

With an average of $3,522 per year, GEICO has the highest premium if you have a speeding ticket.

Many insurers charge higher premiums for car insurance after a ticket. Rhode Island’s rates for our sample driver spike by $452 after a ticket.

The cheapest full coverage car insurance policy providers in Rhode Island for drivers with an at-fault collision on their records are:

• Amica Mutual: $980 per year
• State Farm: $1,014 per year

GEICO has the most expensive annual premium at $2,515 for drivers with an at-fault accident.

On average, having an at-fault accident on your driving record will increase your annual car insurance premium by $48 in Rhode Island.

The cheapest options for full coverage auto insurance in Rhode Island if you have a DUI on your record are:

• State Farm: $1,014 per year
• Travelers: $1,395 per year

GEICO charges about $7,073 annually for drivers with a DUI, making it the most expensive provider. In Rhode Island, a DUI typically results in a $1,361 increase in your annual premium.

The following Rhode Island auto insurance providers offer the lowest rates for policyholders with poor credit:

• Travelers: $1,473 per year
• Amica Mutual: $1,489 per year

The highest annual premium for auto insurance for individuals with poor credit is $3,249 from GEICO.

When insurers determine your rate, your credit score plays a significant role. In Rhode Island, drivers with poor credit spend about $915 more for auto insurance than those with credit scores above 750.

Because drivers with lower credit scores are more likely to file claims, some auto insurers raise insurance costs to safeguard against loss. Like most states, Rhode Island allows businesses to take your credit score into account when setting your rate.

Your insurance rate could go down if your credit score increases over time, but you can also look for insurers who give safe driver or other discounts to help offset rate increases.

The cheapest car insurance companies in Rhode Island for drivers with sports cars are:

• Travelers: $1,238 per year
• State Farm: $1,256 per year

The most expensive company to insure a sports car with is GEICO, which has an average annual premium of $2,554.

Sports car insurance is typically, but not always, more expensive than a policy for a conventional car because these vehicles have greater repair and replacement costs. For instance, sports car owners in Rhode Island pay $316 more for auto insurance than Toyota Camry LE owners.

For the aforementioned quotes, MoneyGeek used a Ford Mustang as its sample sports car, but costs can vary significantly between different car models. Luxury, electric and sports cars often cost more to insure than other types of vehicles.

USAA offers cheap car insurance, with its policies costing $970 per year. This insurer offers quality car insurance coverage to current and former military members in all 50 states.

In Providence, State Farm offers the cheapest premium for a full coverage insurance policy at $1,255 for middle-aged drivers.

Rhode Island state laws mandate that drivers have bodily injury liability and property damage liability coverage. The minimum liability coverage required in the state is 25/50/25, which pays for $25,000 in BIL per person, $50,000 in BIL per accident and $25,000 in PDL.

Drivers in Rhode Island must always carry physical or digital proof of insurance with them. The state law only requires them to have auto insurance that satisfies the legal minimum standards for bodily injury liability and property damage liability. A minimum coverage policy will save you money, but it won't provide as much financial security in the event of an accident.

Although Rhode Island does not require that drivers get SR-22 insurance for driving suspensions that occur within the state, you may be required to obtain the insurance for a driving infraction that occurred in a different state.

For added security, MoneyGeek advises purchasing liability insurance with minimum limits of $100,000 per injury and $300,000 per accident, as well as increasing property damage coverage to $100,000. Those who financed their car may also be required to purchase comprehensive and collision insurance.

If your car is damaged in an off-road accident, comprehensive insurance will pay for the necessary repairs or replacements. This coverage extends to damages including those from theft, vandalism, animals and weather. Damages from another car or object, like a tree or telephone pole, are covered under collision insurance.

Those with expensive vehicles may benefit from purchasing comprehensive and collision insurance.

The Rhode Island Automobile Insurance Plan for High-Risk Drivers provides alternative coverage for high-risk drivers who are unable to obtain insurance through conventional channels.

In Rhode Island, there is also an alternative to car insurance. However, it requires drivers to obtain a surety bond or certificate of deposit of $60,000 per vehicle with the DMV to cover any upcoming incidents. Because of this, it’s only an option for drivers with extra cash.

When it comes to auto insurance, it's normal to have concerns about cost and quality. You might learn more about auto insurance in Rhode Island by reviewing our responses to the most frequently asked questions about the subject.