Rhode Island Auto Insurance
Rhode Island drivers are required to have automobile insurance that meets certain minimum standards put in place by the state. These standards currently include at least $25,000/$50,000 in bodily injury liability and a minimum of $25,000 in property damage coverage. These requirements are actually very low, and most Rhode Island drivers opt for expanded levels of coverage along with other types of insurance such as comprehensive, collision and uninsured motorist coverage.
Rhode Island is a Tort State
In the state of Rhode Island, you are responsible for any damages or injuries incurred by the other driver as a result of the accident in which you are deemed at fault. With medical bills and car repairs being so expensive these days, you absolutely can’t afford to take any chances. It is suggested that drivers have at least $100,000 in each insurance category described above for truly adequate protection. Even then, whenever you can afford to opt for more car insurance, you should consider buying enough coverage to account for any situation.
Average Cost of Auto Insurance in Rhode Island
Rhode Island drivers pay some of the highest auto insurance rates in the nation, almost 10% over the national average and in the top 30% of all places to live in America. Average annual auto insurance rates run just under $1,600 for most good drivers. Those with higher risk profiles, such as young drivers and drivers convicted of a DUI, can pay well over $2,000 a year in premiums. With auto insurance rates as expensive as this is its extremely important to shop around and compare auto insurance quotes. Comparing discounts, providers and policy options often leads to many consumers paying much less for auto insurance than the national average.
Rhode Island Car Insurance Discounts
Almost all Rhode Island auto insurance companies offer discounts and most drivers can take advantage of several different ones to effectively lower their premiums by a substantial amount. Some of the most common auto insurance discounts available in Rhode Island include
- Multi Policy Discount
- Vehicle Safety Discount
- Multi Policy Discount
- New Car Discount
- Customer Loyalty Discount
- Good Driver Discount
Young drivers and high risk drivers can even often take advantage of discounts but eligibility will depend on your overall profile including the type of vehicle insured, your credit history, how the vehicle will be used and many other factors. Learning how auto insurance works and comparing auto insurance companies is the best way to find the most affordable rates.
Always ask about Discounts
Auto insurance discounts offer many wonderful ways for drivers to save money but it’s equally important to understand that auto insurance companies have no obligation to provide discounts either. Much like shopping for any product or service the most knowledgeable customers will always get the best rates so before comparing auto insurance quotes learn about the discounts available and the different types of auto insurance. While securing the maximum coverage is very beneficial you don’t want to be over-insured either.
Get started with a Rhode Island auto insurance comparison search today and compare auto insurance quotes by ZIP code for new and used cars online!
