Travelers offers the cheapest car insurance in Rhode Island, with minimum coverage costing $40 monthly or $475 annually — $281 less than the state average. Rates are based on December 2024 data from Quadrant Information Services. Read our research methodology to learn how we found the cheapest Rhode Island car insurance.
Cheapest Car Insurance in Rhode Island
Updated: December 17, 2024
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Key Takeaways
As of December 2024, the cheapest car insurance companies in Rhode Island are Travelers, State Farm, Amica Mutual, American Family and Progressive.
Travelers offers the lowest car insurance rates: $40 for minimum coverage and $83 for full coverage per month.
On average, drivers pay $63 monthly for minimum coverage and $121 for full coverage.
What Is the Cheapest Car Insurance in Rhode Island?
Cheapest Car Insurance Companies in Rhode Island
Travelers is the cheapest car insurance company for most Rhode Island drivers, with an average monthly rate of $62 for both minimum and full coverages, $30 lower than the state average. Other affordable options include State Farm, Amica Mutual, American Family and Progressive.
| Travelers | $62 | $30 |
| State Farm | $63 | $28 |
| Amica Mutual | $70 | $22 |
| American Family | $71 | $21 |
| Progressive | $86 | $6 |
*To calculate these averages, we used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations.
Best Car Insurance Rates in Rhode Island
Travelers is the cheapest car insurance provider for minimum and full coverage policies in Rhode Island. However, the best rate for you depends on your details. Below are the most affordable premiums for different driver profiles.
| Minimum Coverage | Travelers | $40 |
| Full Coverage | Travelers | $83 |
| Drivers With Bad Credit | Travelers | $62 |
| Drivers With a DUI | State Farm | $42 |
| Drivers With an Accident | State Farm | $42 |
| Drivers With a Speeding Ticket | State Farm | $42 |
Cheapest Minimum Coverage Car Insurance in Rhode Island
Travelers offers the cheapest minimum coverage in Rhode Island at $40 per month, compared to the $63 state average. American Family, State Farm and Amica Mutual also provide competitive rates. The table below compares these options with the state average.
| Travelers | $40 | $23 |
| American Family | $42 | $21 |
| State Farm | $42 | $21 |
| Amica Mutual | $44 | $19 |
| Progressive | $57 | $6 |
Cheapest Full Coverage Car Insurance in Rhode Island
Travelers is the cheapest full coverage auto insurance provider in Rhode Island, with rates averaging $83 per month or $1,002 per year, $37 less than the state average. Check the table below for more options.
| Travelers | $83 | $37 |
| State Farm | $85 | $36 |
| Amica Mutual | $96 | $25 |
| American Family | $100 | $20 |
| Progressive | $115 | $6 |
Cheapest Car Insurance in Rhode Island for Young Drivers
In Rhode Island, Travelers offers the best auto insurance rates for young adults. A minimum coverage policy averages $38 per month for 25-year-olds.
| Travelers | $38 | $34 |
| Amica Mutual | $47 | $25 |
| State Farm | $52 | $20 |
| American Family | $54 | $18 |
| Progressive | $70 | $2 |
| Allstate | $71 | $1 |
*We used minimum coverage for a 25-year old driver with good credit and no driving violations to determine the cheapest provider.
Cheapest Car Insurance Rates for Young Drivers in Rhode Island
Young adults in Rhode Island can get affordable auto insurance from Travelers, offering minimum coverage at $38 per month. State Farm provides competitive rates averaging $52 per month for drivers with a DUI. Rates vary based on factors like driving history, but the table below offers a helpful comparison.
| Travelers | Minimum Coverage | $38 |
| Travelers | Full Coverage | $87 |
| Travelers | Drivers With Bad Credit | $61 |
| State Farm | Drivers With a DUI | $52 |
| Travelers | Drivers With an Accident | $45 |
| Travelers | Drivers With a Speeding Ticket | $46 |
Cheapest Car Insurance in Rhode Island for Seniors
Travelers offers the most affordable auto insurance rates for seniors in Rhode Island, with an average monthly premium of $42 for minimum coverage.
| Travelers | $42 | $27 |
| State Farm | $44 | $25 |
| American Family | $55 | $14 |
| Amica Mutual | $60 | $9 |
| Progressive | $68 | $0 |
*We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.
Cheapest Car Insurance Rates for Seniors in Rhode Island
Travelers offers senior drivers the most affordable insurance rates in Rhode Island, with minimum coverage at $42 per month and full coverage at $85 per month. For seniors with a DUI, accident or speeding ticket, State Farm provides competitive rates starting at $44 per month. Use the table below to compare options and find the best fit for your needs.
| Travelers | Minimum Coverage | $42 |
| Travelers | Full Coverage | $85 |
| Travelers | Drivers With Bad Credit | $68 |
| State Farm | Drivers With a DUI | $44 |
| State Farm | Drivers With an Accident | $44 |
| State Farm | Drivers With a Speeding Ticket | $44 |
Cheap Auto Insurance for High-Risk Drivers in Rhode Island
Drivers in Rhode Island with a DUI, at-fault accident or speeding ticket are considered high-risk and pay higher premiums than those with a clean record. Rates vary by offense. Below are the best car insurance options for high-risk drivers.
Cheapest Car Insurance in Rhode Island With a DUI
State Farm offers the best rates for Rhode Island drivers with DUIs, averaging $42 per month ($508 per year) for minimum coverage. Check the table below for a list of insurance providers and their average monthly premiums.
| State Farm | $42 | $86 |
| Travelers | $58 | $70 |
| American Family | $64 | $65 |
| Progressive | $71 | $57 |
| Allstate | $112 | $16 |
*We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.
Cheapest Car Insurance in Rhode Island With an Accident
State Farm is the cheapest auto insurance company for drivers after an at-fault accident, with rates averaging $42 per month ($507 per year). The table below lists other affordable options. Rates are for minimum coverage policies.
| State Farm | $42 | $23 |
| American Family | $42 | $23 |
| Amica Mutual | $44 | $22 |
| Travelers | $47 | $18 |
| Progressive | $60 | $5 |
*We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.
Cheapest Car Insurance in Rhode Island With a Speeding Ticket
State Farm offers the cheapest insurance for drivers with a speeding ticket, averaging $42 monthly. Check the table below to compare providers offering minimum coverage.
| State Farm | $42 | $41 |
| Travelers | $50 | $33 |
| Amica Mutual | $58 | $25 |
| American Family | $64 | $20 |
| Progressive | $81 | $3 |
*We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.
Cheapest Car Insurance in Rhode Island for Drivers With Bad Credit
Travelers is the cheapest car insurance provider for drivers with poor credit scores, with rates at $62 monthly and $744 annually for minimum coverage. Review the table below for more options.
| Travelers | $62 | $41 |
| Amica Mutual | $69 | $34 |
| State Farm | $87 | $16 |
| Progressive | $90 | $13 |
| American Family | $100 | $3 |
*These rates are based on a 40-year-old driver with bad credit and a clean driving record.
Cheapest Car Insurance in Rhode Island by City
Location affects car insurance rates, with factors like population, flood risks and crime influencing costs.
For instance, State Farm charges $50 for minimum coverage in Providence. The table below shows the city's most affordable option and its lowest average monthly premium.
| Providence | State Farm | $50 |
*The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.
Cheapest Home and Auto Insurance in Rhode Island
For affordable home and auto insurance bundles in Rhode Island, State Farm has an average annual premium of $1,383. Check the table below for more cost-effective options.
| State Farm | $1,383 |
| Allstate | $3,180 |
| Nationwide | $3,914 |
| Metropolitan | $4,168 |
| MetLife | $4,168 |
*Rates are for a 40-year-old driver with good credit and no driving violations.
How Much Does Car Insurance Cost in Rhode Island?
The average costs of car insurance in Rhode Island are $121 for full coverage and $63 for minimum coverage per month. Understanding these averages helps you gauge whether you're getting a fair price on your policy.
Rhode Island Car Insurance Cost by City
In Rhode Island, car insurance rates change by city. Below, see the average costs of minimum and full coverages.
| Providence | $76 | $143 |
Is Car Insurance in Rhode Island Expensive?
Rhode Island is the 15th most expensive state for car insurance. Factors like high population density, natural disaster risks and increased vehicle theft rates drive up costs.
Rhode Island Car Insurance Minimum Requirements
Rhode Island's minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 per accident and $25,000 for property damage.
Comprehensive and collision coverage may also be required if you finance or lease your vehicle. While minimum coverage is the cheapest option, it offers the least protection. For better financial security, experts recommend opting for full coverage with the highest deductible and liability limits you can afford.
Bodily injury liability
It covers medical expenses and legal fees if you're at fault in an accident causing injury to others. The minimum limits are $25,000 per person and $50,000 per accident.
Property damage liability
It covers the costs to repair or replace someone else's property or vehicle you damage in an accident. The minimum limit is $25,000 per accident.
Alternative Ways to Satisfy Rhode Island Car Insurance Requirements
A surety bond is a common car insurance alternative in Rhode Island, with a third party guaranteeing payment for damage up to the bond amount to meet state minimum coverage requirements.
Business owners may opt for self-insurance by proving they can financially cover potential liabilities, avoiding traditional insurance while complying with state laws.
How Much Car Insurance Should I Get in Rhode Island?
MoneyGeek recommends full coverage car insurance, which includes liability, collision and comprehensive coverages. We suggest the following liability limits:
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage per accident
Comprehensive coverage pays for off-road damage to your car if it’s stolen, vandalized or damaged by severe weather or fire. Collision coverage pays for damage from on-road collisions.
If your car is valuable, MoneyGeek suggests getting comprehensive and collision insurance, even if it isn't required by law. Choose your deductible for these coverages based on what you can afford before insurance covers the rest.
Cheap Car Insurance in Rhode Island: Bottom Line
Travelers has the cheapest car insurance in Rhode Island at $83 for full coverage and $40 for minimum coverage per month. While saving money is great, the cheapest isn't always the best. Experts recommend buying as much coverage as you can afford for better financial protection.
Cheap Car Insurance in Rhode Island: FAQ
We answer common questions about Rhode Island's affordable car insurance to help you find the right plan for your needs.
What are the cheapest car insurance companies in Rhode Island?
Travelers offers the most affordable auto insurance in Rhode Island, with minimum coverage at $40 and full coverage at $83 per month.
Who has the cheapest car insurance rates for young drivers in Rhode Island?
Travelers offers the most affordable car insurance rates for young drivers in Rhode Island, with an average monthly rate of $38 for minimum coverage, $34 less than the state average.
Who offers the cheapest car insurance rates for seniors in Rhode Island?
Travelers offers the most affordable car insurance rates for seniors in Rhode Island, with an average monthly rate of $42 for minimum coverage, $27 below the state average.
Should you buy the cheapest car insurance available in Rhode Island?
Cheap car insurance can save money, but it's important to have enough coverage. Travelers balances affordability and quality service, making it the best and cheapest car insurance company in Rhode Island.
How much does car insurance in Rhode Island cost, on average?
The average monthly premium for full coverage car insurance in Rhode Island is $121, while minimum coverage averages $63.
What are car insurance requirements in Rhode Island?
In Rhode Island, drivers must carry minimum coverage auto insurance, which includes bodily injury liability of $25,000 per person and $50,000 per accident, along with $25,000 for property damage liability.
Affordable Car Insurance in Rhode Island: How We Found the Best Cheap Rates
MoneyGeek obtained auto insurance rates from the Rhode Island Department of Insurance and Quadrant Information Services. We examined 12,429 auto insurance quotes from nine providers across 16 ZIP codes to determine the most affordable car insurance companies in Rhode Island.
Rhode Island Driver Profile
We used a driver profile with the following background information to identify the cheapest auto insurance companies in Rhode Island:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.
Standard Coverage Levels in Rhode Island
We compared car insurance companies in Rhode Island that offer both minimum and full coverage policies. The minimum coverage liability limits in Rhode Island are:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
For full coverage policy rates, we used the following liability limits:
- $100,000 for bodily injury liability per person
- $300,000 for bodily injury liability per accident
- $100,000 for property damage liability
- Comprehensive and collision coverage with a $1,000 deductible
Home and Auto Coverage Levels in Rhode Island
MoneyGeek analyzed rates for a full-coverage auto insurance policy that includes:
- $100,000 in property damage liability
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- Comprehensive and collision coverage with a $1,000 deductible
We also analyzed rates for a homeowners insurance policy with:
- $250,000 dwelling coverage
- $25,000 other structures coverage
- $100,000 personal property coverage
- $25,000 loss of use coverage
- $100,000 personal liability coverage
- $1,000 medical payments coverage
- All-perils coverage with a $1,000 deductible
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.