Cheap Auto Insurance Quotes for Business Use in Rhode Island

When talking about auto insurance, the words “cheap” or “affordable” should never appear anywhere in the article as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap car insurance for business use is just plain contradictory. But don’t despair, because we are going to show you some ways you can quote and buy coverage that is cheaper than your current rate.

Establishing which company offers the most affordable auto insurance rates for business use will involve more work in order to find the most economical policy. Every car insurance company has a proprietary formula to determine rates, so let’s look at the rankings for the most affordable auto insurance companies in Rhode Island.

It’s important that readers know that Rhode Island auto insurance rates are calculated based on many things which can substantially change the cost of your policy. Simply having another birthday, marrying your spouse, or getting a driving violation may generate price changes that may make certain companies more affordable than others.

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USAA quotes some of the best car insurance rates in Rhode Island at around $719 per year. State Farm, Travelers, Amica, and Progressive also make the cut as some of the more affordable Rhode Island auto insurance companies.

As illustrated above, if you currently have a policy with Amica and switched to State Farm, you may realize yearly savings of roughly $372. Policyholders with Progressive might save as much as $449 a year, and Quincy Mutual insureds might lower prices by $548 a year.

Understand that those premiums are averages for all drivers and vehicles and are not factoring in a price surcharge for business use. So the company that has the cheapest price for you may not even be included in the rate chart shown above. That emphasizes why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The vehicle that is being insured is one of the main factors when looking for economical insurance for business use. Vehicles with average performance, a plethora of safety features, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.

The tables below illustrates coverage costs for a handful of the more afforable vehicles to buy coverage for.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in specific location which can alter rates greatly.

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle garaging location which can impact prices significantly.

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in zip code location which can impact rates significantly.

For Rhode Island drivers, one of the components that help determine the annual cost of car insurance is where you choose to live in Rhode Island. Cities with larger populations like Providence, Pawtucket, and Central Falls are more likely to have higher rates, whereas areas with less congestion have the benefit of cheaper auto insurance prices.

The table below shows the priciest cities in Rhode Island for business use to buy car insurance in.

Rate quotes are comparative as zip code location can modify coverage rates significantly.

Which car insurance company is best?

When researching auto insurance for using your car for business in Rhode Island, the companies with the most market share are State Farm, Geico, Progressive, and Allstate. When combined, they make up over 48% of the entire U.S. market share. Each company has somewhat different options that may influence your buying decision. The table below ranks ratings and policy coverage options that are available for customers.