Who Has Cheap Insurance for Drivers with Good Credit in Rhode Island?

Deciding which companies offer the cheapest car insurance rates for drivers with good credit will require more work in order to find coverage that fits your buget.

Each insurance company uses a slightly different approach to set premium rates, so we will examine the car insurance companies with the overall best prices in Rhode Island. It’s a good idea to be aware that Rhode Island car insurance rates are calculated based on many things that can increase the cost of a policy. Improving your credit score, buying another vehicle, or getting a ticket for careless driving can trigger rate changes resulting in some companies being affordable when they were higher priced.

Best Insurance Companies for High Credit

Start Your Free Quote

USAA has some of the lowest car insurance rates in Rhode Island at around $698 per year. State Farm, Travelers, Amica, and Progressive would also be considered some of the most economical Rhode Island auto insurance companies.

As shown above, if you buy coverage from State Farm and switched to USAA, you may see a yearly price reduction of around $408. Drivers with Travelers may save as much as $511 a year, and Amica customers might cut rates by $769 a year.

If you want to find out if you’re overpaying, click here to get quotes or visit any of the companies below.

These policy rates are averaged across all ages of drivers and types of vehicles and and are not calculated with a price decrease for drivers with good credit. So the auto insurance company that can offer you the lowest price may not even be featured in the list above. That emphasizes why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

The vehicle model requiring coverage is a large consideration in finding low-priced coverage for drivers with good credit. Vehicles with higher performance, a lack of modern safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models. The tables below outlines car insurance costs for a selection of the cheapest vehicles to insure.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in specific Rhode Island garaging location which can alter insurance rates substantially.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in zip code location which can influence coverage rates significantly.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in specific location which can alter premium rates noticeably.

One of the many factors that help set rate quotes is where your home is located in Rhode Island. Cities with more crime and/or more people like Providence, Pawtucket, and Central Falls tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims profit from lower rates.

The information below displays the highest-priced areas in Rhode Island for drivers with good credit to buy an auto insurance policy in.

Table data uses estimated as specific location information can change insurance rates greatly.

The diagram below highlights how deductible choice can influence insurance rates when researching cheap insurance for drivers with good credit. The rate quotes are based on a single female driver, full coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4423,4057,3659,3281],[‘Age 30’, 3059,2797,2493,2205],[‘Age 40’, 2835,2595,2325,2063],[‘Age 50’, 2477,2269,2029,1801],[‘Age 60’, 2397,2195,1965,1745],[‘Age 70’, 2791,2561,2305,2065]]);var options = {title: ‘Deductible Levels and Insurance Premiums in Rhode Island’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

A 50-year-old driver could save $448 a year by changing from a $100 deductible to a $500 deductible, or save $676 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices as much as $1,142 or even more just by choosing higher deductibles.

If you make the decision to raise deductibles, it is a good idea to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Impact of speeding/accidents on car insurance rates

The common sense way to find affordable car insurance rates in Rhode Island for financially responsible drivers is to be a careful driver and have a clean driving record. The illustration below illustrates how violations and at-fault collisions can influence insurance costs for each different age group. The premium estimates are based on a single male driver, comprehensive and collision coverage, $1,000 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 One Accident’],[‘Age 20’, 3137,3725,4323],[‘Age 30’, 1645,2231,2831],[‘Age 40’, 1609,2197,2795],[‘Age 50’, 1469,2057,2655],[‘Age 60’, 1423,2013,2611],[‘Age 70’, 1761,2349,2949]]);var options = {title: ‘Impact of Tickets and Accidents on Rhode Island Insurance Rates’,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);}

The data above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,841. Add in two speeding tickets and the average cost swells to $2,429, an increase of $588 each year. Now add one accident along with the two speeding tickets and the annual cost of car insurance for drivers with good credit jumps again to an average of $3,027. That’s an increase of $1,187, or $99 per month, just for a couple of infractions!