Who Has the Cheapest Auto Insurance Quotes for Drivers Requiring a SR22 in Rhode Island?

One of the more important considerations that helps car insurance companies calculate insurance cost is where you call home in Rhode Island. Areas that are more densely populated like Providence, Pawtucket, and Central Falls tend to have higher rates, whereas areas with less congestion enjoy lower car insurance rates.

The illustration below lists the priciest cities in Rhode Island for drivers requiring a SR22 to buy auto insurance in.

Premium amounts are approximated as the vehicle garaging location can lower or raise premiums noticeably.

The vehicle requiring coverage is a significant factor in finding the cheapest car insurance for drivers requiring a SR22 in Rhode Island. Vehicles with limited top-end speed, a great safety record, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models.

The table below outlines insurance premiums for the most cost-effective automobiles to buy coverage for.

Table data represents single male driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Table data does not factor in specific location which can modify price quotes considerably.

Based upon these rates, we can conclude that cars like the Ford Escape, Honda CR-V, and Toyota Prius are going to be the most affordable vehicles to insure for high risk drivers. The cost of a car insurance policy will tend to be higher just because there is a higher risk for drivers requiring a SR22, but overall those particular models will probably have the cheapest rates possible.

Locating cheap car insurance is not easy, and figuring out which insurers offer the best insurance rates for drivers requiring a SR22 calls for even more rate comparisons. Insurance prices could be significantly higher than the average policy in Rhode Island, with the higher price attributed to the potential for more claims related to selling insurance for high risk drivers, but economical coverage may be available if you shop around. Every car insurance company has their own unique process to set their prices, so let’s rank the most affordable insurance companies in Rhode Island.

We do need to point out that Rhode Island insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. That is why consumers need to shop around with many companies to find the most economical auto insurance rates for drivers requiring a SR22. Car insurance prices can be altered by many different factors and can change substantially, so the cheapest rate when you last compared rates may now be one of the higher cost companies.

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USAA may have some of the most affordable car insurance rates in Rhode Island at around $726 a year. State Farm, Travelers, Amica, and Progressive also rank well as some of the lowest-priced Rhode Island insurance companies.

As the rates illustrate above, if you are a customer of Amica and switched to State Farm, you might see yearly savings of roughly $372. Drivers with Progressive could save as much as $389 a year, and Quincy Mutual insureds might see rate reductions of $484 a year.

Understand that those prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a rate surcharge for drivers requiring a SR22. So the company that is most affordable for your situation may not even be in the above list. That emphasizes why you need to compare as many prices as possible using your own personal information and vehicle type.

How to get discounts on Rhode Island insurance rates

Insurance providers that offer the cheapest car insurance for drivers requiring a SR22 in Rhode Island could also offer premium discounts that can lower rates by as much as 40% or more if you can meet the requirements. Popular insurance companies and the discounts they provide are:

The example below visualizes the comparison of car insurance rates with and without discounts applied to the premium. The premium estimates are based on a male driver, three citations and two at-fault accidents, Rhode Island state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, vehicle safety, multiple policy, multiple vehicle, homeowner, and paperless filing discounts applied. When discounts are factored in, the average amount saved each year on insurance for drivers requiring a SR22 is 16% or $222.

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Is the best company State Farm, Progressive, Geico, or Allstate?

If you are shopping around for auto insurance, four good companies to start with are State Farm, Progressive, Geico, and Allstate. When added together, they insure about 50% of all car insurance policies written. Each company has a slightly different mix of options and features that can influence your buying decision. The table below points out some of the different options and features you can buy with each company.

How to find the cheapest car insurance for drivers requiring a SR22 in Rhode Island

Below you’ll find a few money-saving solutions that can help you get cheap auto insurance.

• Avoid at-fault accidents and claims
• Save money by observing traffic laws and speed limits
• Raise comprehensive and collision coverage deductibles
• Good credit scores may make rates cheaper
• Get cheaper liability coverage by choosing a safer vehicle
• Shop around for lower rates once a year

The last item on the list is particularly necessary, as was discussed in the prior information. Insurance rates vary considerably, so don’t be tentative to buy from a different company if a better deal can be had.

Brand loyalty is great, but it’s not recommended if that loyalty ends up costing lots of money. Now is a great time to shop around to find cheaper car insurance for drivers requiring a SR22.