Who Has Cheap Insurance Quotes for Electric Cars in Rhode Island?

You have probably watched the captivating ads from car insurance companies like Allstate and State Farm claiming dirt cheap rates. So drivers just need to pick the company with the catchiest ad, right?

Unfortunately, it’s just not that easy, as there are a whole slew of unknowns like your financial responsibility, the vehicle you are insuring, and if you own or rent your home. This article will discuss some of these things and educate you enough to have a good start in finding the cheapest car insurance.

Finding dependable, low-cost auto insurance is not easy, and finding out which company offers the cheapest auto insurance rates for electric cars will take even more shopping around. Each company has a unique formula to set policy rates, so let’s rank the auto insurance companies with the overall cheapest rates in Rhode Island.

It’s a good idea to be aware that Rhode Island auto insurance rates are impacted by many things that may substantially change the price you pay. Price variation is why consumers need to compare many different companies to get the most affordable insurance quotes for electric cars. Insurance prices can be altered by many risk factors and can change substantially, so the cheapest rate two years ago may now be priced much higher than other options.

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USAA offers some of the cheapest car insurance rates in Rhode Island at around $705 a year. State Farm, Travelers, Progressive, and Amica also make the cut as some of the cheaper Rhode Island car insurance companies.

In the above example, if you are currently insured with Amica and switched to State Farm, you might see annual savings of about $417. Rhode Island drivers with Quincy Mutual might save as much as $532 a year, and Peerless insureds might reduce prices by as much as $690 a year.

If you want to see how much you could save, click here to start a quote or click several companies below for low rates.

Remember that these premiums are averages across all drivers and vehicles and do not factor in a rate decrease for electric cars. So the auto insurance company that fits your needs best may not even be featured in the above rate chart. That point stresses why you need to compare as many prices as possible using your own personal information and vehicle type.

The vehicle model that is being insured is one of the biggest factors that determines the availablility of the cheapest coverage for electric cars. Vehicles with higher performance, poor crash test ratings, or an increased likelihood of liability claims will cost substantially more to insure than safer models. The list below presents car insurance premiums for a number of the most cost-effective vehicles to buy coverage for.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Rhode Island minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific zip code location which can decrease or increase coverage prices significantly.

Looking at the rates, you can see that models like the Honda CR-V, Ford Escape, and Chevrolet Traverse should be a few of the most affordable vehicles to insure for eco-friendly vehicles.

For eco-friendly vehicles, one of the more important things that help determine car insurance rates is where your home is located. Cities that have higher claim levels or more people like Providence, Pawtucket, and Central Falls will most likely have higher rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.

The information below displays the highest-priced places in Rhode Island for electric cars in which to purchase auto insurance.

Prices are comparative as specific Rhode Island garaging address can affect coverage rates substantially.

Get discount Rhode Island insurance rates

Auto insurance companies that sell cheap insurance for electric cars in Rhode Island may also give you rate discounts that could reduce prices by 30% or more if you can meet the requirements. A list of auto insurance companies and their offered discounts are shown below.

The example below compares annual premium costs with and without discounts. Data assumes a female driver, no driving violations, no at-fault accidents, Rhode Island state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with vehicle safety, defensive driving course, homeowner, anti-theft, marriage, and multiple policy discounts applied. When these discounts are applied, the average savings per year on auto insurance for electric cars is 43% or $778.

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Best rates: State Farm, Allstate, Geico, or Progressive

If you want reliable auto insurance for eco-friendly vehicles in Rhode Island, the most popular companies are State Farm, Allstate, Geico, and Progressive. All offer liability and physical damage insurance, but each one has a distinct set of features and optional coverages that shoppers can choose from. The next table compares pricing and service ratings, plus some optional coverages that may be available in Rhode Island.

Tips to find low-cost car insurance for electric cars

Below you’ll find a few money-saving suggestions that can help you quote cheap car insurance.

• Remove physical damage coverage on older vehicles
• Drive a car with a high safety rating
• Good credit can help you save money
• Higher deductibles mean lower rates
• Accident-free drivers may qualify for discounts
• Speeding tickets and other violations increase rates
• Comparison shop at least every other year

The final tip is very valuable, as was pointed out in the prior article. Auto insurance prices adjust often, so don’t be afraid to switch to a new company if you find a better deal. Many drivers prefer to stick with one company, but we do not recommend it if that inflexibility results in costing you lots of hard earned cash every month. In less than five minutes you could shop around and find cheaper insurance for electric cars.

Who has the cheapest insurance quotes for eco-friendly vehicles?

You have many ways to get cheap auto insurance quotes in Rhode Island, but the three most common are from an independent insurance agent, an exclusive insurance agent like Allstate or State Farm, or buying direct from a company like Progressive or Geico.

They all have the same basic principle, but auto insurance shoppers should know the differences in how they provide price quotes.

Independent agents have contracts with many companies and can get rate quotes from every one. These types of agencies can provide you with more rate quotes, which can help you get improved chances of finding a lower rate. If they quote lower rates, they simply move your policy to a different company and you can keep the same agent.

An exclusive ageny is contracted to one insurance company, a couple examples are Allstate and Liberty Mutual agents. Exclusive agents cannot provide other companys’ prices, so you will not be able to compare their rates to other companies.

Buying direct means you forego the middleman (the agent) and instead shop direct online or over the phone from a company like Esurance or Progressive. Shopping for auto insurance direct is a good choice for drivers who do not need high amounts of coverage and know more than average about what specific coverages and deductibles they need.

So which method is best to find cheap insurance for electric cars in Rhode Island? The majority of auto insurance shoppers assume that buying from a direct company saves the most money since there isn’t an agent involved, but in reality, that is not the case. A valid argument could also be made that buying from an independent agent guarantees the best prices since they have access to many companies, but that assumption is also not accurate. In some circumstances, exclusive agents have price quotes that independents and direct companies can’t touch.

Since auto insurance rates vary so much, the only real way to ensure you are not overpaying for auto insurance is to compare rate quotes from as many companies as possible. Make the effort to get rate quotes from all three to give yourself enough choices. For a list of companies with online discounts, click here to view.