Cheap Rhode Island Auto Insurance Quotes
Compared to the national average, Rhode Island auto insurance is quite expensive. You will not find much in the way of cheap auto insurance here. The average insurance in RI is more than $700 above the U.S. average. In this article we will give more information and facts pertaining to motor vehicle insurance in RI.
The following are the required minimums for cheap auto insurance quotes in Rhode Island:
- Liability for bodily injury ($25,000 per person / $50,000 per accident)
- Liability for property damage ($25,000)
- Underinsured/Uninsured motorist for bodily injury ($25,000/$50,000)
Here are some facts about Rhode Island car insurance:
- Over the past year, RI automobile insurance rates have seen an 11% reduction.
- The average cost for car insurance in RI is about $2,300. The U.S. average is $1,580.
- The average commute by car to work is 20 minutes.
- There are 107 auto insurers licensed to write vehicle insurance policies in RI.
- Rhode Island is the third most dense by population. This factor influences car insurance rates.
- Rhode Island has the third highest cost of living. This factor influences car insurance rates.
The top 10 most stolen cars in the state (not in any order) are: 2000 Jeep Cherokee/Grand Cherokee; 1990 Toyota Camry; 1995 Nissan Maxima; 1989 Toyota Corolla; 1995 Acura Integra; 1994 Honda Accord; 1994 Oldsmobile Cutlass; 1999 Dodge Caravan; 1998 Ford Taurus; 1995 Honda Civic. This is yet another factor that determines auto insurance rates. Older cars are often stolen for parts – this is a very lucrative market for thieves.
The following are the most common types of automobile insurance discounts in RI:
- Bundling policies with the same carrier. Auto and home is the most common bundle.
- Approved drivers’ education course. This is available online for about $25.
- Multi-vehicle. Insurance on two cars can cost almost the same as one in some cases.
- Accident/violation free record.
- Student discount. Students with a 3.0 GPA may qualify at most insurance companies.
- Safe vehicle (anti-lock brakes, alarms, immobilizers, and other similar features).
To find cheap auto insurance in Rhode Island, there is nothing better than comparing multiple quotes with various insurance companies. The easiest way to receive quotes from an array of insurers is online. You can visit auto insurance company websites and fill out their forms, or use car insurance quote websites, where you can receive several instant quotes at one time. The final option would be to use an independent insurance broker that would do all “the leg work” for you, for a fee.
You are sure to find the best rates with some research and a little perseverance. Also, be sure to visit the Rhode Island Department of Business Regulation. Remember, just because $2,300 is the average annual premium, doesn’t mean that you can’t pay less than this.
