Cheapest Car Insurance Quotes for Drivers with Bad Credit in Rhode Island

You have probably watched the captivating commercials from car insurance companies like The General, Progressive, and Farmers that guarantee huge savings, so drivers should just pick one at random, right?

Regrettably, it’s not quite that easy, as there are a lot of unknown factors like if you have a lapse in coverage, the number of miles you drive each year, if you are a renter or homeowner, and your financial stability, that help determine the price you have to pay. This article will detail some of these things and also should give you a good start to your coverage search.

When buying car insurance for people with poor credit, one of the key factors that impact insurance cost is your zip code in Rhode Island. Areas that are densely populated or have higher claim frequency like Providence, Pawtucket, and East Providence tend to pay more, whereas areas that are not as densely populated benefit from lower rates.

The following table lists the most expensive areas in Rhode Island for drivers with bad credit in which to buy car insurance.

Premium costs are estimated as the specific zip code location can raise or lower price quotes significantly.

Determining which companies have the most affordable insurance rates for drivers with bad credit calls for a tad more effort in order to find the most economical policy.

Every insurance provider uses a little different formula for establishing rates, so let’s take a look at the insurance companies with the overall best prices in Rhode Island.

Cheapest Insurance Rates with Bad Credit

Compare Rates Now

USAA offers some of the lowest car insurance rates in Rhode Island at around $705 per year. State Farm, Travelers, Amica, and Progressive would also be considered some of the most economical Rhode Island car insurance companies.

As the example above demonstrates, if you have coverage with Amica and switched to State Farm, you might achieve a yearly savings of in the vicinity of $346. Drivers with Progressive could save as much as $423 a year, and Quincy Mutual insureds might lower prices by up to $489 a year.

To find out how much you can save, click here to start your free quote or visit several of the following companies.

These policy rates are averaged for all insureds and vehicles and do not factor in a price increase for drivers with bad credit. So the car insurance company that has the cheapest rates for you may not even be featured in the company chart above. That is why you need to get car insurance quotes using your own specific driver information and vehicle.

The car, truck, or SUV requiring coverage is probably the biggest factor when looking for the cheapest auto insurance for drivers with bad credit in Rhode Island. Vehicles with high performance features, a lack of advanced safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models. The list below showcases auto insurance premiums for a number of the cheaper automobiles to buy insurance for.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Prices do not factor in vehicle location which can lower or raise auto insurance rates noticeably.

Based upon these rates, makes and models like the Jeep Wrangler, Hyundai Elantra, Toyota Highlander, and Honda CR-V are going to be some of the cheaper vehicles to insure for people with poor credit. The price of auto insurance will be more expensive because of the fact that there is more liability exposure for drivers with bad credit, but in general those particular vehicles will have the cheapest auto insurance rates compared to all other vehicles.

Rhode Island insurance companies ranked

Choosing a highly-rated insurer can be challenging considering how many companies provide coverage in Rhode Island. The company information shown next could help you choose which insurers you want to consider when comparing insurance rates for drivers with bad credit. These rankings are only made up of large insurance companies, so companies without a large exposure are not included in this list.

Top 10 Large Auto Insurance Providers Overall in Rhode Island

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

State Farm, Progressive, Allstate, and Geico: Who is best?

When researching car insurance for people with poor credit, four companies you’ll want quotes from are State Farm, Progressive, Allstate, and Geico. The table below illustrates ratings for price and service, as well as some optional coverages that are available from each company.