Cheapest Auto Insurance Quotes for Drivers Over Age 50 in Rhode Island

Determining which company has the most affordable insurance rates for drivers over age 50 takes more work than just picking a company at random. Every car insurance company uses a slightly different approach for determining rates in each state, so let’s rank the insurance companies with the overall best prices in Rhode Island.

Best Auto Insurance Prices for Age 50+

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USAA may have some of the most affordable car insurance rates in Rhode Island at around $698 each year. State Farm, Travelers, Amica, and Progressive also make the cut as some of the lowest-priced Rhode Island auto insurance companies.

In the above rates, if you have coverage with Amica and switched to USAA, you may realize an annual savings of about $799. Customers with Progressive might save as much as $801 a year, and Quincy Mutual customers might lower prices by up to $897 a year.

If you want to find out if you’re overpaying, click here to begin a quote or quote prices from the following companies.

Be aware that those premium estimates are averages across all types of insureds and vehicles and do not take into consideration a rate discount for drivers over age 50. So the car insurance company that is most affordable for your situation may not even be featured in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

When buying insurance for older drivers, one of the key criteria that is looked at to determine auto insurance rates is where you call home in Rhode Island. Areas with high crime rates or more dense population like Providence, Pawtucket, and East Providence tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.

The illustration below ranks the highest-priced areas in Rhode Island for drivers over age 50 to buy car insurance in.

Prices are estimated as the vehicle garaging location can modify price quotes noticeably.

The vehicle you are buying coverage for is one of the primary factors when shopping for the cheapest car insurance for drivers over age 50 in Rhode Island. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models. The information below showcases coverage premiums for the most cost-effective vehicles to insure in Rhode Island.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can raise or lower premiums substantially.

Based upon the rates shown, you can presume that vehicles like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Hyundai Elantra are likely to be some of the cheaper vehicles to insure for older drivers.

The information below demonstrates how deductible levels can impact insurance prices when searching for cheap insurance for drivers over age 50. Data assumes a single male driver, comp and collision included, and no discounts are taken into consideration.

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A 30-year-old driver could lower rates by $376 a year by changing from a $100 deductible to a $500 deductible, or save $568 by selecting a $1,000 deductible. Youthful drivers, like the age 20 example, could shave up to $1,094 annually just by choosing higher deductibles.

If you make the decision to raise deductibles, it will be required to have enough funds in savings to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Discounts on the cheapest car insurance for drivers over age 50 in Rhode Island

Insurance companies that offer cheap quotes for drivers over age 50 may have price discounts that can reduce rates by as much as 25% or more if you are eligible to receive them. The best insurance companies and their offered discounts are:

• Esurance may include discounts for defensive driver, homeowner, anti-lock brakes, good driver, DriveSense, online shopper, and good student.
• The Hartford offers premium reductions for vehicle fuel type, good student, driver training, anti-theft, and defensive driver.
• AAA discounts include anti-theft, multi-car, multi-policy, education and occupation, AAA membership discount, pay-in-full, and good driver.
• GEICO offers discounts including air bags, military active duty, anti-theft, defensive driver, federal employee, and seat belt use.
• State Farm has discounts for anti-theft, multiple autos, student away at school, Drive Safe & Save, Steer Clear safe driver discount, and defensive driving training.

The illustration below illustrates the comparison of premium costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no violations or accidents, Rhode Island state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple policy, safe-driver, marriage, claim-free, anti-theft, and multiple vehicle discounts applied. When these discounts are applied, the average savings per year on insurance for drivers over age 50 is 30% or $760.

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Find the cheapest car insurance for drivers over age 50 in Rhode Island

It’s not impossible to find cheaper rates, and here are some of the better money-saving suggestions that can help Rhode Island drivers buy low-cost coverage.

• Frequent claims will increase rates
• Violations like speeding or DUI increase rates
• Prevent price hikes by avoiding at-fault accidents
• Save money by bundling your home and auto policies
• Safe vehicles cost less to insure
• Check for cheaper rates once a year

The last suggestion is highly crucial, as was discussed in this write-up. Rates can be changed at any time, so don’t hesitate to buy from a different company if you find a better deal. Brand loyalty is great, but it’s not a great idea if that devotedness results in you overpaying hundreds every year. If you have a few minutes, compare rates to find cheaper car insurance for drivers over age 50.

Best cheap insurance quotes for older drivers

Thanks to technology, drivers have a lot of ways to buy insurance in Rhode Island, but the most popular are through an independent agent, an exclusive agency such as State Farm or Auto-Owners, or direct online or over the phone from a company like Geico or Progressive. They all have the same basic principle, but buyers need to know the differences in how they price policies.

Independent insurance agents are appointed by several companies and can compare coverage rates with all of them. These types of agencies are not employed by one specific company and can provide multiple price quotes, which can give you improved odds of finding cheaper coverage. If a cheaper price is found, you can get a different policy and you do not have to find a new agent.

Exclusive agents are only able to give rates for one insurance company, two examples being an Auto-Owners or Allstate agent. These agents are not able to place coverage with different providers, which will not provide a complete price comparison.

When you buy insurance direct, you skip either of the other two types of agents and instead buy direct from companies such as Geico or Esurance. This insurance option may be a decent choice families who have fewer assets and know more than average about how insurance works.

So which one of the three ways works best to find the cheapest car insurance for drivers over age 50 in Rhode Island? We’d like to tell you buying direct saves money because you bypass the agent, but in reality, that is not true. It could also be said buying from an independent agent is the best way to save due to having more companies to select from, but that is not accurate either. For some people, the exclusive agents have extremely competitive rates that cannot be beaten by either independent or direct companies.

Because of the variability of insurance rates, the only real way to get the cheapest rates is to get quotes and compare. Industry experts recommend getting price quotes from independent, exclusive, and direct to get a good idea who is cheapest. For a list of insurance companies with low rates, click here to view.