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Cheapest car insurance in Rhode Island for 2023

According to our research, State Farm offers some of the cheapest average rates in Rhode Island across the board.

Updated May 01, 2023
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The cheapest car insurance companies in Rhode Island

At an average rate of $1,886 per year for full coverage car insurance and $551 per year for minimum coverage car insurance, Rhode Island has lower average premiums when compared to the national average of $2,014 per year for full coverage car insurance and $622 per year for minimum coverage car insurance. That means the average driver in this state is paying less than drivers across the nation. However, you may be able to drop the rate of your car insurance policy in Rhode Island even lower than the average by finding the right car insurance company.

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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 company in Rhode Island for minimum coverage

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $23 $273

Cheapest car insurance in Rhode Island for full coverage

Average monthly full coverage premium Average annual full coverage premium
State Farm $84 $1,002

Cheapest car insurance company for adding a teen driver

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $49 $582

Cheapest company for getting a speeding ticket in Rhode Island

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $23 $273

Cheapest company for being in an at-fault accident in Rhode Island

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $23 $273

Cheapest company after a high-risk incident in Rhode Island

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $23 $273

*Unless specified otherwise, the above rates are for minimum coverage.

The cheapest car insurance companies in Rhode Island by coverage level

Drivers have numerous options when it comes to car insurance coverage, but the more coverage types and amounts that your policy includes, the higher your rates will generally be. Minimum coverage is what’s legally required by law to drive in your state, but this type of coverage can leave drivers financially vulnerable if they cause an accident or are at fault for another type of incident.

Minimum coverage only covers the damages and injuries you cause to others and may not be enough to fully cover the costs of some incidents. To ensure that their vehicles are covered, many drivers will opt for full coverage car insurance instead. The tables below show average rates for the companies with the cheapest average rates on car insurance Rhode Island for both minimum and full coverage.

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$23
Average annual minimum coverage premium
$273
Annual savings vs. State average*
- $278
Travelers
Rating: 4 stars out of 5
4.0
Bankrate Score
Info
Average monthly minimum coverage premium
$39
Average annual minimum coverage premium
$464
Annual savings vs. State average*
- $87
Amica
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$39
Average annual minimum coverage premium
$465
Annual savings vs. State average*
- $86
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly minimum coverage premium
$40
Average annual minimum coverage premium
$474
Annual savings vs. State average*
- $77
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$41
Average annual minimum coverage premium
$489
Annual savings vs. State average*
- $62
Powered by Coverage.com (NPN: 19966249)
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.

*Based on policies with minimum coverage for 2023

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$84
Average annual full coverage premium
$1,002
Annual savings vs. State average*
- $884
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$108
Average annual full coverage premium
$1,299
Annual savings vs. State average*
- $587
Travelers
Rating: 4 stars out of 5
4.0
Bankrate Score
Info
Average monthly full coverage premium
$129
Average annual full coverage premium
$1,544
Annual savings vs. State average*
- $342
Amica
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$142
Average annual full coverage premium
$1,709
Annual savings vs. State average*
- $177
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$144
Average annual full coverage premium
$1,729
Annual savings vs. State average*
- $157
Powered by Coverage.com (NPN: 19966249)
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.

*Based on policies with full coverage for 2023

Cheapest cities in Rhode Island for car insurance

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 cities in Rhode Island for both minimum and full coverage car insurance.

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Pascoag $492 State Farm $233
Chepachet $494 State Farm $233
Glendale $497 State Farm $233
Mapleville $499 State Farm $233
Harrisville $500 State Farm $233
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Saunderstown $1,771 State Farm $863
Glendale $1,775 State Farm $881
Harrisville $1,778 State Farm $881
Mapleville $1,781 State Farm $881
Pascoag $1,782 State Farm $881

Factors that impact cheap rates in Rhode Island

A number of different factors can affect car insurance rates in Rhode Island and elsewhere. While each car insurance company determines rates differently, in general, auto insurance rates are calculated based on how risky it is to insure the driver or drivers on the policy as well as the vehicles, in addition to the types and amount of coverage included with the policy. While each insurance company has its own underwriting process, the four factors below can have a big impact on cheap rates in Rhode Island.

Driving record

How safely you drive and whether you have been convicted of traffic violations can play a significant role in determining your car insurance rate. For instance, being convicted of a serious driving infraction like a DUI makes you riskier to insure for the car insurance company, and will often result in paying much higher rates on average. Similarly, being found at fault for accidents or a lesser driving violation, like a speeding ticket, can also have an impact on what you pay for car insurance. In some cases, certain car insurance companies may also choose not to extend a car insurance policy to drivers with serious or numerous issues on their driving records.

Coverage types and levels

What types of coverage you purchase, and at what limits, can also have an impact on what you pay for your policy. For example, there is a significant difference in the average cost of minimum and full coverage car insurance, as you typically pay more for full coverage because it extends more financial protection to you and covers damages to your vehicle. The more coverage types and the higher limits you purchase, the more your rate will typically go up.

Location

Average rates can vary drastically between different states, with some soaring above the national average while others are remarkably cheaper. Even within states, average premiums can vary significantly between cities. While relocating for affordable car insurance likely isn’t cost-effective, it can be helpful to be aware of the average rates in your area and anywhere you are considering moving to.

Vehicle

The type of vehicle you insure is a big part of how much you’ll pay for coverage. The more expensive a car is to repair or replace, the costlier it typically is to insure, as the insurance company will have to pay out more for claims than it would with other types of vehicles. Likewise, the more dangerous a vehicle is to drive based on crash ratings and similar data, the higher the average rates to insure it are likely to be.

Insuring a teen driver

Teen drivers are generally the most expensive drivers to insure as they have the least experience behind the wheel and are at 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 discounts tailored to young drivers, which may further reduce premiums when available. The cheapest companies in Rhode Island for adding a teen driver are outlined below.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $582 $2,010
Geico $995 $3,466
Amica $1,191 $4,124
Nationwide $1,361 $2,887
USAA $1,539 $4,198

Getting a speeding ticket

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. The car insurance companies in Rhode Island that offer the cheapest average rates for drivers who have been convicted of a speeding ticket include:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $273 $1,002
USAA $538 $1,479
Travelers $585 $1,850
Amica $605 $2,148
Geico $712 $2,447

Getting into an at-fault accident

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 more risky to insure, like young drivers, often see a higher increase than older, more experienced drivers. 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:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $273 $1,002
Amica $465 $1,709
USAA $474 $1,299
Travelers $555 $1,803
Geico $556 $1,943

Being deemed a high-risk driver

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 don’t only face higher average car insurance rates, but some insurers may refuse to cover them. The companies that offer the lowest average rates in Rhode Island for high-risk drivers include:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $273 $1,002
Travelers $680 $2,081
USAA $911 $2,412
Geico $1,221 $4,134
Allstate $1,430 $5,259

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 coverages 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 damages 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 coverages, which constitute full coverage.

How to get the cheapest car insurance in Rhode Island

If you are looking for the cheapest car insurance in Rhode Island, you may want to start with getting quotes from affordable providers, but there are other strategies for how to save on car insurance in Rhode Island. Below are some tips for Rhode Island car insurance savings:

Compare rates

You may be able to save money on your car insurance policy by shopping around and getting quotes from several different insurance companies to see which one offers you the best low-cost car insurance in Rhode island. Always use the same coverage types and levels for each quote when using this strategy to ensure you’re comparing comparable coverage.

Utilize discounts

Insurance companies commonly offer a variety of potential discounts to drivers, many of which may be easy to qualify for. Eligibility and savings vary between discounts and companies, so keeping an eye on these offerings while shopping around may help drivers to find even better deals. Discounts can also often be stacked for even bigger savings.

Improve your credit score

Most states allow insurance companies to utilize credit-based insurance scores when evaluating drivers’ risk levels and determining rates. Drivers with lower credit scores are statistically more likely to file claims than those with higher credit scores. Depending on your state and insurer, improving your credit score may lower your rates.

Drive safely

Driving records are a key factor that insurers use when determining rates. The riskier a driver is, based on previous incidents, the higher their premiums are likely to become. Some companies even offer discounts for drivers that have gone a specified number of years without a driving incident.

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.

Frequently asked questions

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Written by
Joshua Cox-Steib
Insurance Contributor

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