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Average cost of car insurance in Rhode Island in 2024

Updated Jun 01, 2024
Rhode Island drivers pay an annual average of $832 for minimum coverage car insurance and $2,698 for full coverage.
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How much is car insurance in Rhode Island? 

The average car insurance cost in Rhode Island is $832 for minimum coverage car insurance and $2,698 for full coverage each year. This is less than the national averages of $640 and $2,311, respectively, making Rhode Island one of the more affordable states for car insurance. However, your own rate will vary from the average, since it's based on multiple factors unique to you, such as your age, credit rating and gender, as well as your car's make, model and age.

Key takeaways

  • Full coverage car insurance in Rhode Island costs an average of $225 per month, while minimum coverage averages $69 per month.
  • Young male drivers on their own car insurance policies pay some of the highest average rates for car insurance in Rhode Island.
  • Rhode Island drivers with poor credit pay an average of 80 percent more for full coverage car insurance compared to those with good credit.

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Rhode Island car insurance rates by city

One of the factors insurers take into account when calculating your premium rate is your ZIP code. Drivers in areas with high accident or theft rates typically pay more for coverage to compensate for this added risk. Regional weather patterns and local repair costs can also influence rates. Below are the average car insurance rates in some of Rhode Island's largest cities.

City Avg. annual full coverage premium Avg. savings vs. state average

Average car insurance costs by age and gender in Rhode Island

Rhode Island car insurance carriers are allowed to consider your age and gender when calculating your premium. Young drivers typically pay more for car insurance than older drivers, up until age 70. This is because younger, less experienced drivers tend to have more accidents and file more claims. Rates tend to drop as the driver ages, all other things being equal. Gender, too, plays a role in most states, because male drivers are statistically more likely to be involved in accidents than females. Below you can see what you might pay for coverage as you age in Rhode Island.

Age 16*
Average annual full coverage premium in RI
$6,491
Average minimum coverage premium in RI
$2,219
Age 18
Average annual full coverage premium in RI
$8,845
Average minimum coverage premium in RI
$2,993
Age 20
Average annual full coverage premium in RI
$6,648
Average minimum coverage premium in RI
$2,009
Age 25
Average annual full coverage premium in RI
$3,426
Average minimum coverage premium in RI
$995
Age 30
Average annual full coverage premium in RI
$2,993
Average minimum coverage premium in RI
$894
Age 40
Average annual full coverage premium in RI
$2,730
Average minimum coverage premium in RI
$830
Age 50
Average annual full coverage premium in RI
$2,611
Average minimum coverage premium in RI
$801
Age 60
Average annual full coverage premium in RI
$2,496
Average minimum coverage premium in RI
$774
Age 70
Average annual full coverage premium in RI
$2,712
Average minimum coverage premium in RI
$882
Age 40
Average annual full coverage premium in RI
$2,730
Average minimum coverage premium in RI
$830
Age 50
Average annual full coverage premium in RI
$2,611
Average minimum coverage premium in RI
$801
Age 60
Average annual full coverage premium in RI
$2,496
Average minimum coverage premium in RI
$774
Age 70
Average annual full coverage premium in RI
$2,712
Average minimum coverage premium in RI
$882
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Average annual full coverage premium in RI
$5,810
Average minimum coverage premium in RI
$2,021
Age 18
Average annual full coverage premium in RI
$8,161
Average minimum coverage premium in RI
$2,655
Age 20
Average annual full coverage premium in RI
$5,841
Average minimum coverage premium in RI
$1,812
Age 25
Average annual full coverage premium in RI
$3,379
Average minimum coverage premium in RI
$1,060
Age 30
Average annual full coverage premium in RI
$2,773
Average minimum coverage premium in RI
$856
Age 40
Average annual full coverage premium in RI
$2,667
Average minimum coverage premium in RI
$834
Age 50
Average annual full coverage premium in RI
$2,431
Average minimum coverage premium in RI
$801
Age 60
Average annual full coverage premium in RI
$2,474
Average minimum coverage premium in RI
$783
Age 70
Average annual full coverage premium in RI
$2,654
Average minimum coverage premium in RI
$877
Age 40
Average annual full coverage premium in RI
$2,667
Average minimum coverage premium in RI
$834
Age 50
Average annual full coverage premium in RI
$2,431
Average minimum coverage premium in RI
$801
Age 60
Average annual full coverage premium in RI
$2,474
Average minimum coverage premium in RI
$783
Age 70
Average annual full coverage premium in RI
$2,654
Average minimum coverage premium in RI
$877
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
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Bankrate’s take: Male drivers tend to pay slightly higher car insurance rates than their female counterparts. This is because males are statistically more likely to get into accidents and engage in risky driving behaviors like speeding, driving under the influence and not wearing a seatbelt. To compensate for this added risk, most insurers charge higher rates for males in every state except those that do not allow gender to be considered as a rating factor. States that do not allow the use of gender in car insurance rating are California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania.

Cost considerations for young drivers in Rhode Island

Young drivers under the age of 20 typically pay much higher rates for car insurance, but as you can see, young drivers in Rhode Island who stay on their parents’ full coverage policy typically pay much cheaper rates than those who opt to purchase their own car insurance policy once they turn 18. However, some car insurance companies require that you live with your parents to remain insured on their policy.

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Age 16*
Avg. annual premium for drivers in RI
$6,150
Age 17
Avg. annual premium for drivers in RI
$5,663
Age 18
Avg. annual premium for drivers in RI
$5,202
Age 19
Avg. annual premium for drivers in RI
$4,437
Age 20
Avg. annual premium for drivers in RI
$4,235
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in RI
$8,503
Age 19
Avg. annual premium for drivers in RI
$6,802
Age 20
Avg. annual premium for drivers in RI
$6,245
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 63 percent more
Age 19 53 percent more
Age 20 47 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How does driving record impact the cost of car insurance in Rhode Island?

Drivers with speeding tickets, accidents and other infractions pay higher average car insurance rates in Rhode Island. Even a single speeding ticket increases your cost of coverage by an average of 18 percent more. A more serious infraction such as a DUI conviction typically results in a significant rate hike — an average increase of 84 percent more. Keep in mind that some carriers will not extend coverage to a driver with serious driving infractions, like multiple accidents or a DUI.

The table illustrates the average increase after a single offense of each incident. If you become a repeat offender, the increase will likely be even higher.

Clean driving record
Avg. annual premium* in RI
$2,698
Percentage increase from RI avg. annual premium*
0%
Avg. annual premium* in RI
$3,183
Percentage increase from RI avg. annual premium*
18%
Avg. annual premium* in RI
$2,784
Percentage increase from RI avg. annual premium*
3%
Avg. annual premium* in RI
$4,954
Percentage increase from RI avg. annual premium*
84%
*The rates reflected are for full coverage policies.

Car insurance rates in Rhode Island by credit score

Most U.S. states, with the exception of California, Hawaii, Massachusetts and Michigan, allow insurers to use a driver's credit-based insurance score when determining rates. Insurance companies reason that those with good or excellent credit ratings are less likely to file claims, while those who have poor credit may be more likely to file claims. Because of this, drivers with good credit histories typically pay lower car insurance rates.

Avg. annual premium* in RI
$4,861
Percentage change from RI average annual premium*
80%
Average
Avg. annual premium* in RI
$3,056
Percentage change from RI average annual premium*
13%
Avg. annual premium* in RI
$2,698
Percentage change from RI average annual premium*
0%
Excellent
Avg. annual premium* in RI
$2,331
Percentage change from RI average annual premium*
-14%
*Rates reflect full coverage policies.

Rhode Island car insurance rates by vehicle type

The make, model and year of your car will influence your car insurance rate in Rhode Island. Luxury vehicles and sports cars are typically more expensive to insure due to their high repair cost. Frequently-stolen models may also be pricier to insure due to their risk of theft. Security features that may help avoid accidents or reduce their severity may also net you savings. If you're considering a new car purchase in Rhode Island, you may want to explore insurance quotes for the models you're considering.

Avg. annual premium* in RI
$2,698
Avg. annual premium* in RI
$2,383
Avg. annual premium* in RI
$2,306
BMW 330i
Avg. annual premium* in RI
$3,173
Toyota Prius
Avg. annual premium* in RI
$2,719
*Rates reflect full coverage policies.

Estimate your car insurance cost in Rhode Island

Bankrate developed the handy tool below to help you determine a benchmark figure for your premium costs. By inputting a few key data points, it will give you an estimate of what your Rhode Island car insurance rates are likely to be. It's not an exact quote — you'll need to talk to an agent or request a quote online to have an exact number — but it can be helpful when you begin your search for the best rate.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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How to save on car insurance in Rhode Island

As a driver, average car insurance rates in Rhode Island or even the average cost for your age do not determine the exact price you will pay. Personal characteristics and policy options can help save you money, and so can taking a few extra steps when finding insurance:

  • Gather multiple quotes: Every insurance company has its own methodology for determining rates. You may be surprised, therefore, at the range of prices you'll get when you ask for quotes from more than one company. Shopping around can help you determine which insurer is able to give you the lowest price for your coverage.
  • Take advantage of renewal time: It's likely that your policy renews every six months to a year. At this time, it's a good idea to review your coverage to ensure it's still what you want. As your car ages, for example, it may make financial sense to drop your collision coverage. At renewal, it may also be a good time to gather a few quotes from other insurers to see if you can get a better deal on your car insurance.
  • Consider discounts: Almost every insurer has at least a few discounts, but they may vary from carrier to carrier. Make sure you're getting all the discounts you're entitled to by speaking with an agent when you purchase your insurance, so that you know you've got the most affordable coverage for your needs.
  • Consider increasing your deductible: A low deductible means you will pay less out of pocket after a covered claim, while a high deductible means the opposite. Increasing your deductible is likely to save you money on your premium every month, but your collision and comprehensive deductibles may affect your premium differently. To adjust your deductible, it can be a good idea to work with a licensed agent who can review how the change will impact your premium.
  • Increase your credit score: In Rhode Island, car insurance companies are allowed to take credit into consideration when determining your premium. Drivers with higher credit scores generally get more favorable rates because drivers with low credit scores have been linked to a higher percentage of claims.

Frequently asked questions

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Methodology 

Bankrate utilizes Quadrant Information Services to analyze the latest rates in June 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.

Written by
Ashlyn Brooks

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Edited by Editor, Insurance