Auto Insurance In Rhode Island: Average Premium Costs

The average cost of car insurance in Rhode Island is $1,873 per year, which is more than the US average by 26%. However, the cost of car insurance depends on a variety of factors, including age, gender, marital status, credit rating, and driving history. For example, in Rhode Island, car insurance costs $9,694 each year for a 16-year-old motorist, compared to $1,699 annually for a client aged between 50 and 59. Additionally, the average cost of car insurance for men is higher than for women, with men paying $1,831 per year on average and women paying $1,702. The cheapest car insurance company in Rhode Island is State Farm, with an average premium of $84 per month.

Average auto insurance premium in Rhode Island by age

The average cost of car insurance in Rhode Island varies depending on factors such as age, gender, driving history, and credit score. According to Bankrate, the average cost of car insurance in Rhode Island is $810 for minimum coverage and $2,717 for full coverage annually. However, young male drivers tend to pay higher rates, with an average annual cost of $7,126 for 17-year-olds and $2,076 for 25-year-olds. On the other hand, older drivers aged 60 years and above can expect to pay around $1,600 per year for full coverage. Additionally, credit score plays a significant role, with drivers with poor credit paying up to 79% more for full coverage.

• 17-year-olds: $7,126 for males, $8,451 for females.
• 25-year-olds: $2,076 for females, $2,179 for males.
• 35-year-olds: $1,702 for females, $1,756 for males.
• 60-year-olds: $1,602 for females, $1,674 for males.

It is important to note that these averages may not include all factors and that individual rates can vary based on specific circumstances and insurance providers.

Average auto insurance premium in Rhode Island by gender

The average cost of car insurance in Rhode Island is $810 for minimum coverage and $2,717 for full coverage per year. This is less than the national averages of $639 and $2,348, respectively, making Rhode Island one of the more affordable states for car insurance. However, your premium will vary based on factors such as age, credit rating, gender, and vehicle make, model, and age.

In Rhode Island, car insurance carriers are allowed to consider your age and gender when calculating your premium. Young drivers typically pay more for car insurance than older drivers, up until age 70. This is because younger, less experienced drivers tend to have more accidents and file more claims. Rates tend to drop as the driver ages, all other things being equal. Gender also plays a role in most states, because male drivers are statistically more likely to be involved in accidents than females.

Young male drivers on their own car insurance policies pay some of the highest average rates for car insurance in Rhode Island. The average car insurance rate for a 25-year-old single male in Rhode Island is $2,179 per year, while for a 25-year-old single female, it is $2,076 per year. For a 35-year-old married couple, the average rates are $1,756 for males and $1,702 for females.

The cheapest car insurance company in Rhode Island for a full-coverage car insurance quote is Travelers, with an average rate of $156 per month. For minimum liability car insurance quotes in Rhode Island, Travelers is also the cheapest option, at just $61 per month on average.

Average auto insurance premium in Rhode Island by marital status

The average car insurance premium in Rhode Island varies depending on the type of coverage, age, gender, and driving record of the policyholder. Here is an overview of the average auto insurance premium in Rhode Island by marital status:

Average Auto Insurance Premium in Rhode Island for Married Individuals:

• According to Bankrate, the average cost of car insurance in Rhode Island for a 35-year-old married woman is $1,702 per year, with USAA offering the cheapest option at $930 per year.
• For a 35-year-old married man, the average rate is $1,756 per year, with USAA providing the lowest rate at $933 per year, followed by State Farm at $991 per year.
• The average rate for a 60-year-old married female driver is $1,602 per year, while a 60-year-old married male driver's rate is $1,674 per year.
• USAA offers the cheapest option for senior females at $880 per year, while State Farm is the second-cheapest option at $881 per year.
• For 60-year-old married males, USAA has the lowest rate at $864 per year, and State Farm is the next cheapest at $881 per year.

Average Auto Insurance Premium in Rhode Island for Single Individuals:

• According to U.S. News, the average rate for a 25-year-old single female in Rhode Island is $2,076 per year, while a 25-year-old single male pays $2,179 per year.
• State Farm is the cheapest option for both genders, with an average annual rate of $1,084 for females and $1,210 for males.
• For a 40-year-old single driver, the average cost of car insurance in Rhode Island is $810 for minimum coverage and $2,717 for full coverage per year, according to Bankrate.

It is important to note that these averages may not reflect the exact premium you will pay, as insurance companies consider various factors when determining rates, including age, gender, driving record, location, and credit score.

Average auto insurance premium in Rhode Island by credit score

The average cost of car insurance in Rhode Island is $810 for minimum coverage and $2,717 for full coverage per year. This is less than the national averages of $639 and $2,348, respectively, making Rhode Island one of the more affordable states for car insurance. However, your rate will vary from the average, as it is based on multiple factors unique to you, such as your age, credit rating, and gender, as well as your car's make, model, and age.

In most states, including Rhode Island, insurers use a driver's credit-based insurance score when determining rates. Drivers with good or excellent credit ratings are less likely to file claims, while those with poor credit may be more likely to do so. As a result, drivers with good credit histories typically pay lower car insurance rates.

| Credit Score | Average Annual Premium |

|---|---|

| Excellent | $2,348 |

| Good | $2,543 |

| Fair | $2,738 |

| Poor | $3,689 |

Average auto insurance premium in Rhode Island by driving record

The average cost of car insurance in Rhode Island varies depending on the driver's age, gender, driving record, and other factors. Here is a breakdown of the average auto insurance premium in Rhode Island by driving record:

Clean Driving Record

The average cost of car insurance in Rhode Island for a driver with a clean driving record is around $1,831 per year, according to U.S. News. This is higher than the national average. State Farm offers the cheapest rates for good drivers, with an average annual rate of $1,006.

After a Speeding Ticket

After one speeding ticket, the average car insurance rate in Rhode Island increases to $2,395 per year. State Farm remains the cheapest option, with an average annual rate of $1,006.

After an Accident

The average cost of car insurance in Rhode Island for a driver with an accident on their record is $1,910 per year. State Farm continues to offer the most affordable rates, with an average annual premium of $1,006.

After a DUI

A DUI conviction will significantly impact car insurance rates in Rhode Island. The average cost of car insurance for a driver with a DUI is $3,545 per year. State Farm has the cheapest rates for this group, with an average annual premium of $1,006.

It's important to note that insurance rates are highly personalized and can vary based on other factors such as age, gender, location, and credit score. Additionally, insurance companies may have different rates, so it's always a good idea to shop around and compare quotes to find the best deal.

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