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Cheapest car insurance in Rhode Island for 2024

According to Bankrate's analysis, Amica may offer lower-than-average car insurance rates for Rhode Island.

Updated May 01, 2024
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The cheapest car insurance companies in Rhode Island

At an average rate of $2,698 per year for full coverage car insurance and $832 per year for minimum coverage car insurance, Rhode Island has higher-than-average premiums when compared to the national average of $2,299 per year for full coverage car insurance and $637 per year for minimum coverage car insurance. That means the average driver in this state is paying more than drivers across the nation. However, you may be able to drop the rate of your car insurance policy in Rhode Island by finding the right affordable car insurance company.

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Advertising disclosure
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.

Cheapest car insurance in Rhode Island for minimum coverage

Rhode Island requires all drivers to carry at least minimum coverage, also known as liability-only car insurance. That includes bodily injury liability, property damage liability, uninsured/underinsured motorist and uninsured motorist property damage coverage. Bankrate found that Amica offered the lowest average rates for minimum coverage in our analysis.

Insurance Company Average monthly premium Average annual premium Savings vs state avg. for min coverage
$44
$525
- $307
$46
$548
- $284
$47
$560
- $272
$64
$767
- $65
Quincy Mutual
$69
$827
- $5

Minimum coverage requirements for Rhode Island drivers

Car insurance is a legal requirement in Rhode Island, as it is in most states. In Rhode Island, you must purchase a policy with at least the following minimum coverage limits to drive legally:

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $25,000 property damage

Insurance companies in Rhode Island are also required to offer you uninsured motorist coverage and underinsured motorist coverage, although you can decline these coverage types in writing.

Drivers who choose to purchase minimum coverage often pay the lowest rates on car insurance. However, minimum coverage limits could leave you with hefty out-of-pocket expenses if you cause an accident and the injuries or damage exceed your insurance limits. Minimum coverage also does not provide any coverage for damage to your own vehicle; that requires that you purchase comprehensive and collision coverage, which typically constitute full coverage.

Cheapest car insurance in Rhode Island for full coverage

Although minimum coverage is all that's required by law, many Rhode Island drivers choose to purchase full coverage auto insurance to further protect themselves from financial risk. Full coverage includes collision and comprehensive coverage, both of which can pay towards your own costs and not just other drivers. Bankrate found in our analysis that Travelers offered the lowest average rates in Rhode Island for full coverage.

Insurance Company Average monthly premium Average annual premium Savings vs state avg. for full coverage
$157
$1,881
- $817
$162
$1,945
- $753
$188
$2,251
- $447
$194
$2,330
- $368
Quincy Mutual
$210
$2,516
- $182

Cheapest car insurance in Rhode Island for drivers with prior incidents

Having a prior incident on your driving record will likely impact your auto insurance rates in Rhode Island. How much of an impact will depend largely on what type of incident occurred. Below are some of the more affordable options, based on our analysis, for drivers in Rhode Island with incidents on their record:

Cheapest insurance companies for drivers in Rhode Island with a speeding ticket: Amica

Being convicted of a speeding ticket in Rhode Island may lead to a noticeable increase in your rates. While the average increase can vary between companies, it's common for insurers to raise your rates for at least three years after a conviction for just one speeding ticket, as drivers who are convicted of speeding tickets have shown that they are more likely to engage in risky driving practices. Bankrate found that Amica offered the lowest average rates for drivers with a speeding ticket in Rhode Island. The car insurance companies in Rhode Island that offer the cheapest average rates for drivers who have been convicted of a speeding ticket include:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$637
$2,224
$645
$2,192
$680
$2,821
Quincy Mutual
$827
$2,516
$1,147
$3,796

Cheapest car insurance for drivers in Rhode Island with an at-fault accident: Amica

Being found at fault for an auto accident is another event that can significantly affect your rates with most insurers for at least three years. The exact amount of the increase depends on the car insurance company, as well as the driver's profile and other factors. However, drivers who are already considered to be riskier to insure, like young drivers, often see a higher increase than older, more experienced drivers. Bankrate found Amica to offer the lowest average rates for drivers with an at-fault accident. The car insurance companies in Rhode Island that offer the lowest average rates for drivers who have been found at fault for an accident include:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$525
$2,251
$548
$1,881
$560
$1,945
Quincy Mutual
$827
$2,516
$868
$2,959

Cheapest car insurance in Rhode Island for high-risk drivers: Travelers

If you've been convicted of a severe traffic violation or several smaller ones, you may be categorized as a high-risk driver by insurance companies. High-risk drivers represent a greater risk to insure and are charged some of the highest average rates of any demographic. Of the many traffic infractions that can cause a driver to be considered high-risk, DUIs are often considered the most severe. High-risk drivers not only face higher average car insurance rates, but some insurers may refuse to cover them. Bankrate found that Travelers offered the lowest average rates for high-risk drivers in Rhode Island. The companies that offer the lowest average rates in Rhode Island for high-risk drivers include:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$905
$3,088
$1,135
$3,619
$1,647
$6,652
Quincy Mutual
$1,770
$5,906
$1,782
$5,528
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Bankrate’s take: Auto insurance companies may refuse coverage to drivers with a DUI on their record. Even in situations where average rates are provided, the insurer may still refuse to cover a DUI. This has to do with risk levels and how drivers with DUIs are seen as being among the riskiest drivers. Still, drivers with a DUI can often find coverage from insurers that specialize in high-risk drivers.

Cheapest car insurance for young drivers in Rhode Island

Age is one of the most important variables in determining car insurance rates. Younger drivers are generally much costlier to insure than older drivers. Teen drivers face some of the highest rates across all demographics of drivers. Still, with some research, it's often possible to find cheap insurance for young adults.

Cheapest Rhode Island car insurance for insuring a teen driver: Amica

Teen drivers are generally some of the most expensive drivers to insure, as they have the least experience behind the wheel and have a statistically higher likelihood of causing an accident or other incident on the road. When adding a teen driver to your policy, it may be helpful to find the companies that offer the cheapest average rates for teen drivers to help find the lowest cost. Some insurers also offer teen discounts or student discounts, which may further reduce premiums when available. The cheapest companies in Rhode Island for adding a teen driver are outlined below.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$1,129
$4,628
$1,469
$4,831
$1,868
$3,798
$1,906
$5,890
$2,111
$7,194
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Bankrate’s take: Rates were determined by adding a 16-year-old teen to their 40-year-old parents' policy. The rates displayed reflect the total cost of a driver at this age added to their parents' policy. Insurers see teens as more expensive to insure because teens have less experience than any other age demographic and are statistically more likely to be in a traffic incident or to have claims filed on their policies.

Cheapest Rhode Island car insurance for teens with a ticket: USAA

With their base rates already so high, teens with a speeding ticket may want to consider finding affordable car insurance. Bankrate found that USAA offered the lowest average rates in our analysis for teens with a speeding ticket in Rhode Island.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$1,932
$6,766
$2,654
$9,936
$2,844
$10,631
Quincy Mutual
$2,844
$8,383
$3,486
$10,821

Cheapest Rhode Island car insurance for teens with an at-fault accident: USAA

An at-fault accident can drastically increase teens' already high rates in Rhode Island. At this point, it may be wise to consider car insurance for high-risk drivers. Bankrate found that USAA offered the lowest average rates in Rhode Island for teens with an at-fault accident.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$1,682
$5,881
$2,542
$9,530
$2,639
$9,762
Quincy Mutual
$2,686
$7,906
$2,997
$9,529
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Bankrate’s take: Accident forgiveness can be a significant boon when dealing with auto accidents if your insurer offers it. Details vary between insurers, but the main idea is that by paying a higher premium, you can add accident forgiveness to your policy. This addition makes it so that your first accident will not impact your rates.

Cheapest Rhode Island car insurance for young drivers with a DUI: Travelers

Finding an affordable insurance company for a teen with a DUI can be tricky. Most insurers see DUIs as the most extreme type of reg flag that a driver can have. Bankrate found that Travelers offered the cheapest average rates for teen drivers with a DUI in Rhode Island.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$1,271
$4,343
$2,035
$6,515
$2,364
$8,719
$3,214
$6,481
$3,415
$10,731

Cheapest car insurance rates by city in Rhode Island

Car insurance rates are determined by weighing a number of different factors, including where you live. Different cities have varied costs for repairs, frequencies of auto accidents, levels of traffic congestion and more, all of which can impact your rates. The higher the chance of incidents in your city, the more insurance tends to cost on average to compensate for the higher risk of insuring your vehicle. The tables below show the cheapest car insurance in large cities and the cheapest cities in Rhode Island for minimum coverage car insurance.

Cheapest cities in Rhode Island for car insurance

Pascoag
City average annual min coverage premium
$735
Cheapest car insurance carrier
Amica
Company average annual premium
$460
Chepachet
City average annual min coverage premium
$721
Cheapest car insurance carrier
Amica
Company average annual premium
$491
Glendale
City average annual min coverage premium
$745
Cheapest car insurance carrier
Travelers
Company average annual premium
$506
Mapleville
City average annual min coverage premium
$746
Cheapest car insurance carrier
Amica
Company average annual premium
$441
Harrisville
City average annual min coverage premium
$747
Cheapest car insurance carrier
Amica
Company average annual premium
$460

Cheapest car insurance in larger cities in Rhode Island

Woonsocket
City average annual min coverage premium
$786
Cheapest car insurance carrier
USAA
Company average annual premium
$516
Cumberland
City average annual min coverage premium
$831
Cheapest car insurance carrier
Travelers
Company average annual premium
$472
Warwick
City average annual min coverage premium
$858
Cheapest car insurance carrier
Amica
Company average annual premium
$540
Pawtucket
City average annual min coverage premium
$937
Cheapest car insurance carrier
Amica
Company average annual premium
$668
Cranston
City average annual min coverage premium
$970
Cheapest car insurance carrier
Amica
Company average annual premium
$614

Car insurance discounts in Rhode Island

When looking for cheap auto insurance in Rhode Island, discounts may be essential for lowering your premium. Discounts vary between insurance companies, but there are several types that have become relatively common. The discounts described below are some of the more readily available types, but this list is in no way exhaustive. For a complete look at which discounts your insurer offers, you will likely need to look at their website or contact your agent.

  • Young driver discounts: These discounts are geared toward teen and young drivers and often have requirements that drivers must meet to qualify. For instance, many insurers use discounts like this that require the young driver to stay above a certain GPA in high school or college classes. Some providers also offer discounts if a student attends school at least 100 miles away.
  • Safe driver discounts: Insurers will sometimes offer discounts to drivers who go a certain amount of time without receiving a traffic citation. The specifics vary between companies. For instance, some providers require you to complete a safe driver program or log minutes from a driving school.
  • No claims discounts: Some insurance companies will offer drivers a discount if they’ve gone a certain number of years without filing a claim. While three years may be a common benchmark, it varies between insurance companies.
  • Safety device discounts: Insurance companies often provide discounts for vehicles that have safety features installed that can help to prevent injuries, damage or theft. For example, you might earn a discount for anti-lock brakes, seatbelt use or an alarm system.
  • Policy bundling discounts: Buying more than one policy from the same insurer will often net you a discount. The most common example of this is bundling your car and home policies from the same company.

Frequently asked questions

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carriers reviewed
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Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates in May 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate increases filed by insurance companies and are 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.

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. Young driver DUI rates are for 21-year-old drivers on their own policy; other young driver incident rates are for 18-year-old drivers on their own policy.

Teens: Rates were determined by adding a 16-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.

Age: Rates were calculated by evaluating our base profile with the ages 18 and 21 applied. Drivers are renters on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Written by
Joshua Cox-Steib
Contributor, Personal Finance

Joshua Cox-Steib has two years of experience in writing for insurance domains such as Bankrate, Coverage.com, The Simple Dollar, Reviews.com, and more. His work has also been featured on such sites as MSN and BBB (Better Business Bureau). His insurance writing career has spanned across multiple product lines, with a primary focus on auto insurance, life insurance, and home insurance.

Edited by Senior Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute