Best Cheap Car Insurance in Rhode Island for 2017

To avoid the steepest rates and find cheap car insurance in Rhode Island, it’s wise to compare a variety of quotes. Annual car insurance rates can vary by a thousand dollars or more from one company to the next, proving that comparison shopping pays off when it comes to auto insurance.

To help you find competitive rates, NerdWallet researched prices from the seven largest insurers in Rhode Island and found the three cheapest options for these common driver categories:

Good drivers

Young drivers

Drivers with one at-fault crash

Drivers with poor credit

Retired drivers

ALSO IN THIS ARTICLE

Minimum car insurance requirements in Rhode Island

Alternative car insurance for high-risk drivers

» FIND YOUR MATCH: Who’s the cheapest carrier for you?

Cheapest for good drivers

For drivers with no DUIs, at-fault crashes or moving violations.


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Price

  • $1,204/year

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Price

  • $1,229/year

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Price

  • $1,725/year

Among the three cheapest companies for good drivers, the average rate was $1,386 per year. This translates to roughly $116 a month.

Amica Mutual and Travelers were the two cheapest options, respectively. Geico rounded out the list of the most affordable large companies for good drivers in Rhode Island, but had an average rate nearly $500 higher than Travelers.

Cheapest for young drivers

For drivers in their early 20s.


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Price

  • $708/year

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Price

  • $989/year

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Price

  • $1,046/year

Because drivers in their early 20s likely don’t have major savings to lose in a crash-related lawsuit, they can typically buy less coverage than older drivers. We looked at rates for young motorists carrying the minimum coverage amount required in Rhode Island and found comparatively cheap car insurance.

Amica Mutual offered the best deal at $708 per year. That’s almost $500 cheaper than the lowest average price we found for 30-year-old good drivers carrying full coverage.

Cheapest for drivers with one at-fault crash


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Price

  • $1,275/year

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Price

  • $1,462/year

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Price

  • $2,490/year

 

If you cause a crash, you can typically expect your rates to spike at renewal time. This can be a prudent time to shop around; some companies offer better rates than others to drivers with an at-fault crash.

Travelers had the best deal in Rhode Island for this group at $1,275 per year. That’s only $71 per year, or about $6 a month, more than the lowest rate for drivers of the same age with no crashes. For comparison, Nationwide had an average annual rate of $2,490 — $1,286 more a year, or roughly $107 more per month than the best rate for drivers with clean records.

Cheapest for drivers with poor credit

For drivers placed in the “Poor Credit” tier.


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Price

  • $2,119/year

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Price

  • $2,151/year

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Price

  • $2,470/year

 

To car insurance companies, poor credit correlates to higher chances that you’ll make a claim. That’s why drivers with credit issues tend to have a hard time finding cheap car insurance in Rhode Island. In fact, those with credit woes may face even steeper prices than their peers who’ve caused a crash.

The best rate we found for this group was $2,119 per year from Amica Mutual. That’s $915 higher than the lowest price we found for drivers of the same age with good credit and $844 more than the cheapest rate for drivers with an at-fault crash.

Cheapest for retired drivers

For drivers in their mid- to late 60s who no longer use their car for commuting.


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Price

  • $1,307/year

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Price

  • $1,733/year

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Price

  • $1,913/year

Retirees tend to drive far less than motorists who commute daily. For that reason, we analyzed rates for drivers in their 60s who travel half as many miles in a year as other groups.

Travelers notched the best deal for retired drivers at $1,307 per year. That was $103 per year, or about $9 a month, more than the best deal we found for our 30-year-old good drivers. Geico had the next cheapest price at $1,733, $8 per year higher than its rate for the good driver group.

Minimum car insurance requirements in Rhode Island

Rhode Island car insurance policies must include liability insurance, which covers others’ injury treatment and property damage if you’re responsible for a crash.

The minimum limits you must select are:

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

While buying the minimum car insurance allows you to drive legally, it might not be enough to pay for an accident you cause. Say you cause a crash and total another driver’s expensive luxury car. The property damage could easily exceed your $25,000 limit, and the remaining balance might have to come out of your pocket.

Most drivers can benefit from raising their liability limits beyond the state minimum. You may also want to consider common optional coverages such as collision, comprehensive and uninsured motorist insurance. Check out NerdWallet’s guide to car insurance requirements by state for more help planning your Rhode Island policy.

Alternative Rhode Island car insurance

If you have multiple crashes on record, DUIs, poor credit or other issues, it may be difficult to buy car insurance on the voluntary market. As an alternative, you can seek coverage through the Rhode Island Automobile Insurance Plan.

For more help finding cheap car insurance in Rhode Island, try NerdWallet’s quotes comparison tool.

Here’s a summary of where you’ll find the cheapest insurance, by category:

Cheapest car insurance in Rhode Island

CategoryCheapest option
Good driversAmica Mutual
Young driversAmica Mutual
Drivers with one at-fault crashTravelers
Drivers with poor creditAmica Mutual
Retired driversTravelers

Methodology

For most categories, NerdWallet averaged rates for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per crash
  • $50,000 property damage liability coverage per crash
  • $100,000 uninsured motorist bodily injury coverage per person
  • $300,000 uninsured motorist bodily injury coverage per crash
  • Collision coverage with $1,000 deductible
  • Comprehensive coverage with $1,000 deductible

We used a 2013 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than motorists in other groups. Our sample young driver was age 22 and carried the minimum required coverage levels. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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