Cheapest Auto Insurance for 18 Year Olds in Rhode Island

Trying to buy low-cost insurance is tough enough, and determining which insurers offer the lowest-priced car insurance rates for 18 year olds calls for a little more work. Insurance rates will most likely be significantly greater than the state average, with the higher price attributed to the higher likelihood of claims that comes with selling insurance for teen drivers, but reasonably-priced insurance may be available with a little diligence.

Every auto insurer has their own unique process for setting prices, so let’s take a look at the car insurance companies that tend to have lower prices in Rhode Island.

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USAA normally has some of the cheapest car insurance rates in Rhode Island at around $719 a year. State Farm, Travelers, Amica, and Progressive also are some of the most economical Rhode Island car insurance companies.

As shown in the table above, if you are a policyholder with Travelers and switched to USAA, you could see savings of around $540. Drivers with Amica could save as much as $733 a year, and Progressive insureds might cut rates by $780 a year.

To see if you’re overpaying, click here to begin a quote or click several companies below for low rates.

Remember that these rates are averaged across all drivers and vehicles and do not take into consideration a price increase for 18 year olds. So the company that can offer you the best rate may not even be in the list of companies above. That helps illustrate why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

For teen drivers, one of the more important criteria that is looked at to determine the policy price is where you normally keep your vehicle in Rhode Island. Areas that are more densely populated or have higher claim rates like Providence, Pawtucket, and Central Falls tend to pay more, whereas more rural areas get the luxury of paying less.

The next table illustrates the most expensive areas in Rhode Island for 18 year olds to purchase car insurance in.

Premium costs are comparative as the specific Rhode Island residence address can impact prices greatly.

The car, truck, or SUV that needs insurance is probably the most important factor that determines if you can find the cheapest auto insurance for 18 year olds in Rhode Island. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than high performance models.

The data below shows insurance rates for a number of the cheaper automobiles to insure.

Data rating is based on single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in your specific Rhode Island location which can revise premiums considerably.

Looking at the data, we can presume that makes and models like the Hyundai Elantra, Ford Escape, Honda CR-V, Chevrolet Traverse, and Honda Odyssey are likely to be the most budget-friendly vehicles to insure for teen drivers. The cost of a car insurance policy will trend higher because there is a higher risk for 18 year olds, but generally speaking those models will probably have the cheapest car insurance rates that you are likely to find.

The chart below shows how different deductible levels can affect insurance prices when trying to find cheap insurance for 18 year olds. Data assumes a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

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The data above shows that a 50-year-old driver could save $374 a year by switching from a $100 deductible up to a $500 deductible, or save $562 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, have the ability to save $926 annually just by choosing higher deductibles when buying full coverage. When raising deductibles, it is a good idea to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find economical car insurance for 18 year olds

It’s not impossible to find cheaper rates, and here are many money-saving ideas that can help drivers quote more affordable coverage.

• Buy a vehicle with excellent safety ratings
• Raise deductibles to save money
• Staying accident-free helps keep rates low
• Good credit scores may make rates cheaper
• Avoid getting citations and tickets
• Do not pay for comprehensive and collision coverage on older vehicles
• Compare rates regularly and switch companies to save money

The last tip is remarkably vital, as was affirmed in the prior information. Prices charged by car insurance companies vary considerably, so don’t be tentative to buy from a new company if a lower price can be found.

Sticking with a specific company is fine, but it isn’t a good idea if your bullheadedness ends up costing you a wad of cash every year. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for 18 year olds.