The average annual cost for full coverage car insurance in Rhode Island is $2,018. That is substantially higher than the national average of $1,674. The average to purchase the cheapest car insurance in Rhode Island, the state-required minimum liability insurance is $749 annually. Still considerably higher than the national average at $565.
Car insurance rates are higher in Rhode Island due to the density of population – more congestion equals more car accidents and other events that lead to car insurance claims. It is the second-most densely populated state after New Jersey.
Insurance premiums vary considerably depending on the driver. Each driver has a unique combination of age, gender, driving record, and coverage selections. Even your zip code influences what you pay for car insurance.
What Is the Average Premium in Rhode Island for Cheap Full Coverage Car Insurance?
In Rhode Island, drivers pay an average of $168 per month for full coverage car insurance.
Full coverage is a term that means the driver has at least the state-required minimum car insurance, plus collision car insurance and comprehensive auto insurance. Most lenders require their customers to carry full coverage until the vehicle is paid off to protect their interest.
We highly recommend obtaining a full coverage policy with collision and comprehensive coverage. Collision coverage covers damages due to vehicle/object/rollover collisions, whereas comprehensive coverage protects against things outside your direct control, such as weather-related events and theft.
Outside of your driving record, the average premium paid by drivers in Rhode Island vary based on age, gender, and zip code of residence.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Rhode Island?
The average cost of state-required minimum liability car insurance in Rhode Island is $62 per month.
In Rhode Island, this basic package consists of liability car insurance, plus uninsured motorist coverage (UIM), although drivers may decline the UIM coverage. However, since there are quite a few uninsured drivers running around in Rhode Island, this coverage is cheap for the protection you receive. Adding UIM to your policy may add roughly $50 to $75 annually.
We recommend obtaining a full coverage policy over the state minimum required policy. It provides more coverage under different scenarios, including hitting an animal and rolling your vehicle over. Plus, comprehensive insurance can pay out up to equal cash value for your car in case it is stolen.
Full coverage insurance will always be more expensive than a liability-only policy due to its greater protections. Liability insurance only pays for other people’s injuries and the cost of their damages to repair if you cause an accident.
How Do Rates Compare Across Major Cities in Rhode Island?
Where you live can impact how much you pay for auto insurance. For example, if you live in a dense, urban city, expect to pay higher rates than those in sparsely populated areas. Since most of Rhode Island is pretty dense, rates are about the same.
See below for the average monthly car insurance prices across five Rhode Island cities.
Unless otherwise specified, we use the following methodology to arrive at our average cost in Rhode Island: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.