Cheap Auto Insurance for Safe Drivers in Rhode Island

This would be a really short article if we could just give you the name of the single company that has the rock bottom lowest rates in Rhode Island. It’s just not that easy, however, as there are a whole bunch of unknown factors such as the deductible level you need, if you are single or married, and your financial stability, that help determine the price you have to pay. In this article, we will teach you about the causes of high insurance rates and will hopefully give you a good start in finding the cheapest car insurance.

When shopping for cheaper insurance for good drivers, one of the many criteria that is used by insurance companies to calculate rate quotes is where your residence is in Rhode Island. More populated areas like Providence, Pawtucket, and Central Falls tend to have higher auto insurance costs, whereas areas with less crime or weather claims have the benefit of cheap car insurance for safe drivers in Rhode Island.

The following table shows the higher priced cities in Rhode Island for safe drivers to purchase a policy in.

Rate information is comparative as the specific garaging location can change prices considerably.

Finding reliable, affordable insurance is difficult, and finding out which companies have the lowest-priced car insurance rates for safe drivers may require a little more work. Policy prices will be moderately better than the average rate in Rhode Island, with the lower cost attributed to the potential for fewer claims associated with offering insurance for good drivers. Reasonable coverage should be easily found from a lot of different insurance providers.
Each insurer uses their own method for determining prices, so let’s take a look at the most competitive car insurance companies in Rhode Island.

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USAA generally has some of the most affordable car insurance rates in Rhode Island at around $719 annually. State Farm, Travelers, Amica, and Progressive also make the cut as some of the lowest-priced Rhode Island insurance companies.

As the example above demonstrates, if you buy coverage from Travelers and switched to USAA, you may see a yearly savings of approxmiately $490. Insureds with Amica might save as much as $793 a year, and Progressive insureds might reduce prices by as much as $825 a year.

Bear in mind that those estimates are averaged for all drivers and vehicles in Rhode Island and do not take into consideration a rate decrease for safe drivers. So the auto insurance company that fits your age and vehicle best may not even be in the list of companies above. That helps illustrate why you need to quote rates from many companies using your own specific driver and vehicle information.

Cost and performance of the vehicle requiring coverage is a significant factor when shopping for low-priced insurance for safe drivers. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The next lists showcases coverage premiums for a number of the cheaper vehicles to insure in Rhode Island.

Data rating is based on single 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, multi-policy, and safe-driver. Rates do not factor in vehicle location which can modify premiums significantly.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in zip code location which can impact insurance rates substantially.

Data based on single 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, safe-driver, claim-free, and multi-policy. Information does not factor in your specific Rhode Island location which can influence insurance rates greatly.

Illustration showing the impact of accidents and violations

The best way to snag cheap car insurance premiums for good drivers is to drive cautiously and avoid accidents and violations. The diagram below shows how traffic citations and at-fault claims raise yearly insurance costs for different age groups of insureds. The prices are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2979,3671,6219],[‘Age 30’, 2061,2751,5301],[‘Age 40’, 1913,2603,5151],[‘Age 50’, 1673,2365,4913],[‘Age 60’, 1619,2309,4855],[‘Age 70’, 1885,2573,5121]]);var options = {title: ‘Effect of Tickets and Claims on Rhode Island Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Rhode Island’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the prior example, the average cost of car insurance per year with no accidents and a clean driving record is $2,022. Get written up for two speeding tickets and the average cost swells to $2,712, an increase of $690 each year. Then add two accidents along with the two speeding tickets and the yearly cost of car insurance for safe drivers jumps again to an average of $5,260. That’s an increase of $3,238, or $270 per month, just for not being attentive to the road!

How much more does full coverage cost in Rhode Island?

Finding cheap car insurance for safe drivers in Rhode Island is important to most people, and an easy way to pay less for insurance is to not pay for full coverage. The diagram below compares insurance prices when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $250 deductibles, single status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 4899,1621],[‘Age 30’, 2515,887],[‘Age 40’, 2493,821],[‘Age 50’, 2265,767],[‘Age 60’, 2197,755],[‘Age 70’, 2691,1011]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Rhode Island’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

Averaged for all age groups, full coverage costs $2,843 per year more than carrying just liability coverage. At some point, every insured wonders if buying full coverage is a waste of money. There is no clear-cut rule to stop buying full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after you pay the deductible. If it’s costing in excess of $400 a year for full coverage, then it may be the right time to buy liability only.