You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life sentence ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the proofreader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow stern guidelines to ensure that our column subject is not influenced by advertisers. Our column team receives no direct compensation from advertisers, and our subject is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a inspection, you can trust that you ’ re getting credible and reliable information. We rate your confidence. Our mission is to provide readers with accurate and indifferent information, and we have column standards in seat to ensure that happens. Our editors and reporters thoroughly fact-check column capacity to ensure the information you ’ rhenium read is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive target compensation from our advertisers. Bankrate follows a stern editorial policy, so you can trust that we ’ ra putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our locate are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy first. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — monetary value, customer overhaul, policy features and savings opportunities — so you can feel convinced about which supplier is right for you. Bankrate follows a rigorous editorial policy, so you can trust that we ’ rhenium putting your interests first. All of our contented is authored by highly dependent professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your faith. Founded in 1976, Bankrate has a long chase criminal record of helping people make smart fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people assurance in which actions to take next. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This contentedness is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. Rhode Island may be the smallest department of state in the U.S., but its car indemnity premiums are among the highest. Residents pay an average of $749 per year for minimum coverage and $2,018 annually for full coverage. With over 875,000 vehicles registered in the state in 2015, Rhode Island ’ second roads are busy. If you are searching for the best car insurance in Rhode Island, Bankrate ’ s inquiry may be helpful. Our insurance editorial team has analyzed average premiums, available coverage options, deduction offerings and third-party rankings for the largest indemnity companies by market share in Rhode Island. Our inquiry may help you feel more convinced in choosing an car indemnity party .
Best car insurance companies in Rhode Island
We began our search for the best car insurance in Rhode Island by partnering with Quadrant Information Services to obtain current quote agio information from the largest policy carriers in the state. We then reviewed each company ’ mho average premiums, coverage options, discounts and third-party scores to assign a Bankrate Score. The higher the Bankrate Score, the higher each caller ranked in each class. If you are looking for the best car indemnity in Rhode Island, you may want to consider the stick to companies : *USAA is not officially ranked by J.D. Power due to eligibility restrictions
USAA
If you are an active military member, a veteran or an immediate syndicate extremity of a military member, you may want to get a quote from USAA. The party systematically receives eminent scores from J.D. Power, although its eligibility requirements make it ineligible for official rank. Although its bounty is not the cheapest on our list, USAA offers several discounts that could help you lower your pace. You might save for storing your vehicle while you are deployed, garaging your car on a military base, insuring a new vehicle or bundling your policies .
Geico
If you are looking for a company with strong digital tools, Geico might fit your needs. The company ’ south mobile app is highly functional, allowing you to file a claim, call for wayside aid, view ID cards and pay bills. The app has over 2.7 million reviews on the App Store and a rate of 4.8 out of 5.0. Geico does not offer many optional coverages, but the company does have one of the most extensive lists of discounts in the industry. You might save for having certain vehicle safety features, being a federal employee, insuring a new fomite or being a member of an affiliated group .
Travelers
If you are searching for a highly customizable policy, Travelers could suit your needs. The company offers numerous optional coverages, including accident forgiveness, newfangled car surrogate, ridesharing coverage and wayside aid.
Travelers besides offers several discounts that might help keep your premium down. There are savings for having continuous indemnity, insuring multiple policies, covering a hybrid or an electric cable car, being a condom driver and owning a home, even if you do not insure it with Travelers .
Amica
If strong customer overhaul is a precedence for you, Amica could be a dependable choice. The company received the top spot in the 2020 J.D. Power U.S. Auto Claims Satisfaction Study, indicating that customers tend to be highly satisfied with Amica ’ second claims handling. Amica offers several optional coverages and discounts that could help you lower your premium, as it is the highest on our list. One of Amica ’ s most unique features is its dividend policy options. If you choose a dividend car policy, you can receive up to 20 % of your car premiums back each class. The policies might be more expensive upfront but could end up saving you in the long run .
Nationwide
If you are looking for an car policy tailored to your driving habits, you might want a quote from Nationwide. The company offers two telematics discounts, SmartRide and SmartMiles. SmartRide tracks your driving habits, including hard brake, fast acceleration and idle time, and discounts your agio consequently. With SmartMiles, you are charged according to how often you drive. If you use your vehicle infrequently, the program might be a good choice for you. You do have to pay monthly to take advantage of this program. other ways to save include bundling your policies, having vehicle guard features and being accident-free .
Average cost of car insurance in Rhode Island
Rhode Island may be small, but its average car indemnity premiums are anything but. The average cost of cable car insurance in Rhode Island is $ 2,018 per year for wax coverage, about 21 % higher than the U.S. national average of $ 1,674 .
| Average annual premium for minimum coverage in Rhode Island | Average annual premium for full coverage in Rhode Island |
|---|---|
| $749 | $2,018 |
numerous factors go into determining a state ’ s average rates, including state minimum coverage limits, the likelihood of accidents and the asperity of accidents. Because Rhode Island is a small express with a relatively eminent act of register vehicles, it may be more likely that you will get into an accident .
State minimum insurance requirements in Rhode Island
Rhode Island requires all drivers to have a minimum come of car insurance to legally have their car on the road. Drivers in Rhode Island must have at least the follow coverages :
- $25,000 bodily injury liability coverage per person
- $50,000 bodily injury liability coverage per accident
- $25,000 property damage coverage
policy companies in Rhode Island must offer you uninsured and underinsured motorist coverage, although it can be rejected, regardless of what liability limits you purchase. Most policy professionals advise that you purchase higher indebtedness limits if you can afford them. If you cause an accident and the damages exceed your policy limit, you will be responsible for the excess out of pocket. Higher liability limits provide more fiscal protection. Minimum coverage besides does not provide coverage for damage to your vehicle. For that, you will need to purchase broad coverage, which includes comprehensive examination and collision coverages .
How to get the best car insurance
car insurance is a personal merchandise, so the best caller, coverage and optional features will depend heavily on your personal needs. If you are shopping for car insurance in Rhode Island, you may want to :
- Evaluate your needs: Everyone has different needs when it comes to auto insurance coverage. Maybe you have a young driver, and you need a company with plenty of teen driver discounts. Or perhaps your driving record is not the best, and you need a company that will insure high-risk drivers. Or maybe your budget is particularly tight, and you need the lowest price possible. The first step to finding the best coverage for you is to understand specifically what you need. Then you can search for companies that fit your situation.
- Consider state factors: Just as every driver is different, so is every state. In Rhode Island, it is estimated that over 16% of drivers are uninsured, so you may want to consider purchasing a suitable amount of uninsured and underinsured motorist coverage. Taking your location-specific factors into account could also help you choose coverages. Are you in an area known for vehicle theft or vandalism? Are car accidents frequent in your area? You might want to consider buying full coverage.
If you are not certain where to start when it comes to your car indemnity coverage, talking to a license agent could be helpful. An agent may discuss your specific wants, needs and circumstances and help you find coverage and policy options to tailor your coverage to you .
Car insurance discounts in Rhode Island
Although car indemnity is relatively expensive in Rhode Island, there are ways to save. Most companies offer discounts that could reduce your bounty. Every company has its own discounts, but some common ones are :
- Multi-policy discounts: If you buy more than one type of policy from the same company, you may get a discount on each policy. Insuring your auto and home with the same company often results in one of the most significant discounts providers offer.
- Vehicle safety discounts: If you have safety features on your car like anti-lock brakes, side curtain airbags and daytime running lights, you might qualify for a discount.
- Telematics discounts: These programs track your driving via a mobile app or plug-in device and give you a personalized discount based on your habits.
- Paperless discounts: You may qualify for a discount if you sign up for paperless documents or billing statements.
merely like every company has different coverages, every caller has different discounts. You can often see a company ’ s discounts online, but you may besides want to talk to a representative to see what savings you qualify for .
Frequently asked questions
What is the best car insurance in Rhode Island?
The best car insurance company in Rhode Island will depend on your circumstances and rat factors. You might want a company with full-bodied digital tools, for example, while person else wants a company that offers a specific coverage option. Rates will vary by caller and driver. Your old age, ZIP code and credit score can all impact your premium, as can the type of vehicle you drive and the coverage you choose. Understanding what matters to you in an policy company and getting respective quotes might help you find a policy that is good for you .
Are uninsured and underinsured motorist coverages required in Rhode Island?
No, neither uninsured nor underinsured motorist coverage is required in Rhode Island. The coverage must be offered, but you can reject it in writing. It is a coarse misconception that you must carry uninsured and underinsured motorist coverage if you purchase liability limits in excess of the state minimum limits. however, you may hush want to purchase these coverages to provide fiscal protection if an uninsured or underinsured motorist hits you .
What happens if I do not buy car insurance?
Although car indemnity can be expensive, it is a necessitate purchase to drive legally in Rhode Island. If you are caught driving without policy, you may face fines, license suspension and jail clock. If you cause an accident without indemnity, you will be responsible for paying for the damage out of pocket, which could be devastating to your finances .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, good accredit and the follow full coverage limits :
Read more: The Best Car Insurance Companies for 2022
- $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 coverages that meet each state ’ randomness requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles per annum. These are sample rates and should only be used for comparative purposes .
Bankrate Scores
Bankrate scores chiefly reflect a slant rank of industry-standard ratings for fiscal potency ( AM Best, S & P, Moody ’ second ) and customer experience ( J.D. Power, NAIC ), in accession to average quote rates from Quadrant Information Services. The J.D. Power studies utilize include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate column team ’ s extensive research and analysis provided a secondary coil judgment of each insurance company ’ s on-line and mobile resources and policy management options, which besides contributed to overall ratings .