Best Cheap Auto Insurance for Teenagers in Rhode Island

Figuring out which insurers offer the most affordable insurance rates for teenagers takes a tad more effort in order to find the lowest price.

Every car insurance company has their own guidelines to establish rates, so let’s take a look at the insurance companies that tend to have lower prices in Rhode Island. It’s important to know that Rhode Island insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay. Getting older, moving to a new city, or having an accident can trigger changes in premium that can make some companies cheaper in comparison to the competition.

Best Cheap Insurance Rates for Teens

Get a Free Quote and Save

USAA may offer some of the most affordable car insurance rates in Rhode Island at around $698 a year. State Farm, Travelers, Amica, and Progressive would also be considered some of the cheaper Rhode Island car insurance companies.

As depicted above, if you are a policyholder with Amica and switched to State Farm, you could earn a yearly savings of roughly $313. Rhode Island drivers with Progressive might save as much as $360 a year, and Quincy Mutual insureds might lower prices by up to $504 a year.

Be aware that those policy prices are averaged across all drivers and vehicles and do not factor in a price surcharge for teenagers. So the car insurance company that has the cheapest price for you may not even be included in the above list. That helps illustrate why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

One of the many components that is used by car insurance companies to calculate rate quotes is your zip code in Rhode Island. Densely populated urban areas like Providence, Pawtucket, and Central Falls tend to pay slightly more, whereas less populated areas have the enjoyment of a little cheaper coverage.

The information below displays the most expensive places in Rhode Island for teenagers to purchase car insurance in.

Premium amounts are comparative as the specific Rhode Island residence address can change prices substantially.

The illustration below shows how choosing a deductible can increase or decrease annual premium costs when researching cheap insurance for teenagers. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3979,3629,3247,2885],[‘Age 30’, 2067,1903,1711,1525],[‘Age 40’, 2049,1873,1673,1481],[‘Age 50’, 1859,1703,1527,1355],[‘Age 60’, 1797,1647,1477,1315],[‘Age 70’, 2177,2007,1817,1639]]);var options = {title: ‘Impact of Higher Deductibles on Insurance Rates in Rhode Island’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 50-year-old driver could lower their car insurance rates by $332 a year by changing from a $100 deductible to a $500 deductible, or save $504 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices $1,094 annually by using higher deductibles when buying full coverage.

When increasing deductibles, it is a good idea to have enough savings set aside to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to get discounts on Rhode Island car insurance

Auto insurance companies that sell the best cheap auto insurance for teenagers in Rhode Island may also provide discounts that could reduce prices by as much as 30% if you meet specific eligibility requirements. A few of the larger companies and some of their more popular discounts are outlined below.

The illustration below compares insurance rates with and without discounts applied to the policy rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Rhode Island state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, paperless filing, passive restraint, good student, continuous coverage, and paid-in-full discounts applied. When taking advantage of discounts, the the average amount saved on insurance for teenagers is 42% or $549.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 16’, 5927,4241],[‘Age 30’, 1903,1385],[‘Age 40’, 1873,1359],[‘Age 50’, 1703,1237],[‘Age 60’, 1647,1193]]);var options = {title: ‘Insurance Rate Comparison with Discounts for Teenagers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to find economical auto insurance for teenagers

It is possible to find better rates, and here are some money-saving suggestions that can help Rhode Island drivers quote lower-cost car insurance.

• Vehicles with good safety ratings are usually cheaper to insure
• Save money by obeying traffic laws and keeping a clean driving record
• Increase your deductibles
• Accident-free drivers may qualify for discounts
• Good credit can help you save money
• Remove physical damage coverage on older vehicles
• Compare prices as often as possible

The last idea is highly significant, as we hit on in the prior information. Insurance prices go up and down frequently, so don’t be afraid to change to a new company if you can find a cheaper rate.

Brand loyalty is not necessarily bad, but it’s not a great idea if that inflexibility results in costing you potentially thousands of dollars a year. Take a few minutes and shop around and find cheaper car insurance for teenagers.