Updated: November 21, 2024
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Drivers in Rhode Island pay an annual average of $1,401 for full coverage car insurance. Minimum coverage costs an average of $734.
Several factors impact your premium, including age, coverage level, location, driving record and credit history. To find the right policy, balance these factors to match your needs and budget.
Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Rhode Island Insurance Division to get the most precise average costs for a variety of Rhode Island drivers.
These rates reflect the average cost of car insurance in Rhode Island as of November 2024.
The average cost of full coverage car insurance in Rhode Island is $1,401 per year. Knowing the average car insurance cost helps determine if you're getting a fair quote from insurers. Start comparing car insurance quotes to find the best deal.
The table below shows the average costs for minimum or full coverage in Rhode Island.
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,401 | $117 |
| 100/300/100 Liability Only | $852 | $71 |
| State Minimum Liability Only | $734 | $61 |
Car insurance in Rhode Island tends to be pricier than the national average. Full coverage in the state averages $1,401 annually, or $117 per month, compared to the national average of $1,358 yearly or $113 monthly.
Several factors contribute to Rhode Island's higher rates. Its dense population can lead to more traffic accidents. The higher cost of living, medical expenses, and vehicle repair costs drive up premiums. Severe weather also increases the risk of damage and insurance claims.
Car insurance premiums can vary significantly among companies, even within a state. Travelers offers the most affordable full coverage, with an average annual premium of $1,002. GEICO has the highest average annual premium, at $2,459 for the same coverage.
When searching for the cheapest car insurance in Rhode Island, compare quotes from various providers. You can find the coverage that best suits your needs and budget by reviewing different options.
| Travelers | $1,002 | $83 |
| State Farm | $1,014 | $85 |
| Amica Mutual | $1,076 | $90 |
| Progressive | $1,126 | $94 |
| American Family | $1,203 | $100 |
| Allstate | $1,457 | $121 |
| Nationwide | $1,869 | $156 |
| GEICO | $2,459 | $205 |
The cost of car insurance in Rhode Island is influenced by the level of coverage you choose. Choosing minimum coverage may cost about $61 monthly, while full coverage with a $1,000 deductible averages $117 monthly. Despite its higher cost, it's recommended to opt for full coverage insurance because it provides comprehensive protection against various incidents.
Including comprehensive and collision coverage in your policy does raise your premium, yet selecting a higher deductible can help to mitigate the additional expense. Remember that the deductible applies individually to each comprehensive and collision claim you make.
| State Minimum Liability Only | $734 | $61 |
| 100/300/100 Liability Only | $852 | $71 |
| 300/500/300 Liability Only | $956 | $80 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $1,215 | $101 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,283 | $107 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $1,333 | $111 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,401 | $117 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $1,437 | $120 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,463 | $122 |
| 300/500/300 Full Cov. w/$1,000 Ded | $1,505 | $125 |
| 100/300/1000,000 - 500 comp_coll | $1,581 | $132 |
| 300/500/300 Full Cov. w/$500 Ded. | $1,685 | $140 |
In Rhode Island, drivers must meet the minimum car insurance requirements, which include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident.
$25,000 for bodily injury liability per person
Rhode Island requires a minimum of $25,000 in bodily injury liability coverage per person to cover expenses related to injuries you may cause to someone in an auto accident.
$50,000 for bodily injury liability per accident
Rhode Island requires at least $50,000 in bodily injury liability per accident to cover injuries to multiple people in an accident you cause.
$25,000 for property damage liability per accident
Rhode Island mandates a minimum of $25,000 for property damage liability to pay for damages to another person's property due to an accident you cause.
In Rhode Island, age affects car insurance costs. Young drivers, particularly those aged 22 to 29, pay the highest premiums, averaging $1,625 annually. Rates decrease for drivers aged 30 to 59, who pay around $1,401 annually. However, premiums rise again for drivers aged 60 and over, reaching an average of $1,494.
| 22-29 | $1,625 | $135 |
| 30-59 | $1,401 | $117 |
| 60 + | $1,494 | $125 |
In Rhode Island, age and gender significantly influence car insurance rates. A 16-year-old male driver added to a family policy typically sees the highest premiums, averaging $3,382 per year.
Teens under 18 often need a parent or guardian to co-sign for car insurance. The premium soars to $10,020 per year when opting for an individual policy.
The average annual cost of full coverage car insurance in Rhode Island for a 2012 car model is $1,136, contrasting with $1,408 for a 2022 model. Newer models often incur higher premiums due to their greater actual cash value, repair costs and theft risk.
Drivers with newer models should consider comprehensive and collision coverages, which provide better financial protection against various potential losses, including accidents, natural disasters and theft.
| 2012 Vehicle | $1,136 | $95 |
| 2022 Vehicle | $1,408 | $117 |
Here's what you might pay on average in Rhode Island, depending on your driving history:
The more serious your driving violation, the higher your insurance premiums could be. Violations stay on your record and can affect your rates for a specified period. In Rhode Island, a DUI can impact your insurance costs for up to five years. Other infractions, like speeding tickets, usually stay on your record for three years.
Review the table by coverage and age group to find the average cost for each driving record in Rhode Island.
| Clean | $1,401 | $117 |
| At-fault Accident | $1,447 | $121 |
| Ticket | $1,853 | $154 |
| DUI | $2,834 | $236 |
Your credit score plays a significant role in determining car insurance premiums in Rhode Island, with annual rates ranging from $843 to $1,641.
A good credit score ranges from 670 to 739, with higher scores often yielding more affordable rates. Scores below 580 are considered poor and may lead to higher insurance costs.
| Excellent | $843 | $70 |
| Good | $1,009 | $84 |
| Fair | $1,210 | $101 |
| Below Fair | $1,394 | $116 |
| Poor | $1,641 | $137 |
Several factors influence car insurance rates in Rhode Island:
Every insurer weighs these factors differently, so comparing quotes is crucial to finding the best rates.
To secure affordable car insurance in Rhode Island, compare rates, increase your deductible and take advantage of all applicable discounts.
Compare quotes
Regularly comparing insurance quotes can lead to finding the cheapest car insurance in Rhode Island. Providers often change rates based on market conditions.
Maintain a clean driving record
A clean driving record free of accidents and traffic violations can significantly reduce your insurance costs, as insurers consider you less of a risk.
Choose a higher deductible
Opting for a higher deductible can lower your premium. Ensure you can afford the deductible in case of a claim.
Bundle policies
Bundling car insurance with other policies like home insurance can unlock discounts and lead to more affordable rates.
Seek discounts
Ask your insurer about discounts for things like safe driving, anti-theft devices or being a good student to reduce your premium.
Drive a car with lower insurance costs
Choose a vehicle that is cheaper to insure. Typically, cars that are less expensive to repair or replace have lower insurance rates.
Improve your credit score
A good credit score in Rhode Island can positively impact your car insurance rates, as insurers equate higher credit scores with lower risk.
We address common questions about the average cost of car insurance in Rhode Island, highlighting factors that affect premiums and offering tips on how to lower your insurance costs.
The minimum car insurance requirements in Rhode Island include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident. Drivers must adhere to these requirements to drive legally in the state.
Rhode Islanders pay about $1,401 per year for full coverage car insurance and $734 for minimum coverage.
The average cost of car insurance for a 22-year-old in Rhode Island is $837 per year for minimum coverage, $963 for 100/300/100 liability-only and $1,625 for full coverage with a $1,000 deductible.
Travelers and Amica Mutual are the cheapest car insurance companies in Rhode Island, with average annual premiums of $475 and $491, respectively, for minimum coverage.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
