Cheap Auto Insurance Quotes for a 20 Year Old Female in Rhode Island

Wouldn’t it be easy if we could look into our crystal ball and tell you the one perfect auto insurance company that has the best auto insurance prices for 20 year old women? Unfortunately, it’s not that simple as there are many unknown factors like whether you are a man or a woman, the number of years you have been driving, and the crime level of your neighborhood, that all factor into the price you pay. In this article, we will teach you about the causes of high insurance rates and educate you enough to have a good beginning to your search for cheaper coverage.

When shopping for cheaper auto insurance for young women, one of the many criteria that aid in calculating the policy price is where your car is garaged in Rhode Island. Cities with more crime and/or more people like Providence, Pawtucket, and Central Falls tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims receive better rates.

The information below ranks the highest-priced places in Rhode Island for 20 year old women in which to purchase auto insurance.

Rate quotes are approximated as the specific garaging location can revise insurance rates significantly.

Locating cheap insurance is tough enough, and figuring out which company has the most affordable car insurance rates for 20 year old women takes additional perseverance. Rates may be quite a bit more expensive than the state average, with the higher price attributed to the extra risk related to selling coverage for young women, but affordable insurance should be possible if you are thorough. Each insurer uses their own method to determine premium rates, so first let’s look at the rankings for the most budget-friendly car insurance companies in Rhode Island.

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

As the example above demonstrates, if you are a customer of Amica and switched to State Farm, you may see yearly savings of about $372. Policyholders with Progressive might save as much as $449 a year, and Quincy Mutual policyholders might realize rate reductions of up to $532 a year.

Bear in mind that those policy prices are averaged for all drivers and vehicles and and are not figured with a price increase for 20 year old women. So the company that has the cheapest price for you may not even be featured in the above rate chart. That point stresses why you need to get car insurance quotes using your own individual information.

Liability-only versus full coverage

Finding cheap car insurance for 20 year old women in Rhode Island is probably important to most drivers, and one of the quickest ways to buy cheap insurance is to only pay for liability coverage. The example below shows the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Rhode Island. The costs are based on no claims or driving violations, $500 deductibles, drivers are single, and no discounts are applied.

Averaged out for all age groups, full coverage costs an extra $1,909 per year over and above liability coverage. At some point, almost every driver questions if buying full coverage is worth the expense. There is no clear-cut formula to eliminate physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $9,500 after paying the physical damage deductible. If you are currently paying more than $950 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few situations where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Selecting the right insurer can be difficult considering how many choices you have in Rhode Island. The rank data in the next section may help you pick which car insurance companies you want to consider when comparing rate quotes. These ratings are only comprised of the largest companies in the United States, so companies that only write business in Rhode Island or surrounding areas are not taken into consideration for these rankings.

Top 10 Large Auto Insurers in Rhode Island Ranked by Customer Satisfaction

1. The Hartford – 93%
2. The General – 91%
3. Progressive – 90%
4. 21st Century – 89%
5. Travelers – 87%
6. State Farm – 87%
7. USAA – 87%
8. Safeco Insurance – 86%
9. AAA Insurance – 86%
10. GEICO – 85%

Company comparison: State Farm vs Geico vs Progressive vs Allstate

When comparing auto insurance for young women in Rhode Island, four companies to definitely compare rates with are State Farm, Geico, Progressive, and Allstate. Between them, they make up over 48% of the entire U.S. auto insurance market. All four can cover your vehicle for liability and physical damage, but each one has different options that may steer you one way or another. The next table ranks pricing and service ratings, plus some optional coverages that are available for buyers.