Cheap Car Insurance in Providence, RI

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Zach Fagiano

Licensed Insurance Broker

Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...

Licensed Insurance Broker

Brandon Frady

Licensed Insurance Agent

Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...

Licensed Insurance Agent

UPDATED: Nov 27, 2023

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Are you looking for cheap auto insurance in Providence, RI? From AutoInsuranceEZ.com, you could find the best insurance premiums for your area. To acquire free car insurance rates available from the top rated providers today, provide your zipcode in the quote box here on this page.

Providence, Rhode Island has quite the resume: it is the state capital, it is the most populous city in Rhode Island, and also one of the oldest cities in the entire country. Its early history is dotted with trade and seafaring, but their economy has diversified greatly since then (especially after WWII). Modernization projects have given the downtown area a makeover, incorporating a new park and a riverwalk.

  • Fun fact: get ready to sign that lease, because Providence is #20 on the list of “Top 100 cities with highest percentage of renters (pop. 50,000+)”. Discover more about Providence

Auto Insurance Coverage Requirements in Rhode Island

Driving legally in Providence requires:

Coverage Requirements Most Common
Bodily Injury Liability 25,000/50,000 100,000/300,000
Property Damage Liability 25,000 50,000
Uninsured Motorist Bodily Injury Required (see note above) 100,000/300,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 250 deductible

But remember that state minimum coverage is extremely limited. Such insurance will only pay out claims in the event that you get into an accident which you are deemed liable for (if the accident is your fault). If your car is stolen, or if you get into an accident caused by someone else who is insured, your insurance will not pay out on any claims.

In some parts of Rhode Island, insurance can cost as much as $168 per month for certain motorists, on average. However, living in Providence can give you the option of getting insurance for as little as $90/mo*!

Average Monthly Auto Insurance PremiumsLegend: Providence State Farm Amica Peerless Allstate Nationwide 153045607590105120$50$72$77$121$132

State Farm

Amica

Peerless

Allstate

Nationwide

15

30

45

60

75

90

105

120

$50

$72

$77

$121

$132

 

It seems as though State Farm and Amica are vying to be the lowest-priced providers in the Providence area. But don’t be fooled by cheap quotes. The quality of your insurance company is just as important as how much you have to pay. It may even be worth a few extra dollars each month to go with a provider whose reputation for customer service and claims filing is above the rest.

Auto insurance providers consider different variables when establishing insurance rates, especially gender, zip code, occupation, miles driven each year, and current insurance coverage and limits. Also keep in mind that premiums can vary between companies. If you want to check your car insurance rate against what others are paying, compare cheap Providence auto insurance estimates via the internet.

Enter your ZIP code below to compare auto insurance rates.

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Major Car Insurance Factors in Providence

When your car insurance provider gets ready to craft your policy, they take several aspects under consideration. Some, for example how old you are or maybe your particular address, usually are improbable to alter. Here are some additional examples:

Your Zip Code

Your car insurance premiums may differ based on where your vehicle is parked on a regular basis. In general, large cities possess higher car insurance rates based on the fact that the additional amount of motorists on the highway boosts the possibility of a collision! The total population of Providence amounts to 177,994 and also the typical family income is $36,378.

Auto Policy Age ComparisonLegend: 34 Year Old 17 Year Old State Farm Amica Peerless Allstate Nationwide 50100150200250300350400450500550$50$158$69$354$81$312$90$255$122$558

State Farm

Amica

Peerless

Allstate

Nationwide

15

30

45

60

75

90

105

120

$50

$50

$50

$50

$50

$69

$65

$72

$63

$65

$81

$77

$77

$81

$77

$90

$84

$121

$76

$70

$122

$113

$132

$104

$108

 

Automotive Accidents

As you can see from the chart, serious accidents are infrequent, despite that Providence is such a big city. This means that your area is already likely benefitting with lower insurance premiums. However, feel free to inquire about Safe Driver discounts if you want to save even more.

Fatal Accidents in Providence, RILegend: Providence Fatal accident countVehicles involved in fatal crashesFatal crashes involving drunk personsFatalitiesPersons involved in fatal crashesPedestrians involved in fatal accidents 24681012141618201218312206

Fatal accident count

Vehicles involved in fatal crashes

Fatal crashes involving drunk persons

Fatalities

Persons involved in fatal crashes

Pedestrians involved in fatal accidents

2

4

6

8

10

12

14

16

18

20

12

18

3

12

20

6

 

Auto Thefts in Providence

Obtaining inexpensive auto insurance might be hard should you be vulnerable to auto theft. Certain trendy automobile models usually are attractive to criminals, in addition to vehicles which might be parked typically in large metropolitan areas. The full amount of stolen automobiles in the year 2013 was as high as 962 for the city of Providence. To protect yourself from theft, make sure that you have comprehensive coverage on your policy.

Basic vs. Comprehensive Auto PolicyLegend: Basic Coverage Comprehensive Coverage State Farm Amica Peerless Allstate Nationwide 255075100125150175200225$50$112$69$178$81$209$90$231$122$181

State Farm

Amica

Peerless

Allstate

Nationwide

25

50

75

100

125

150

175

200

225

$50

$112

$69

$178

$81

$209

$90

$231

$122

$181

Your Credit Score

It turns out that your credit score is one of the biggest influential factors when it comes to determining your insurance premiums. Just look at the chart below. If you have poor credit, your rates could be anywhere from 2x to 3x higher than someone with better credit.

Auto Insurance by Credit ScoreLegend: Excellent Credit Poor Credit State Farm Amica Peerless Allstate Nationwide 153045607590105120135150165180195$42$85$53$137$67$86$92$208$113$179

State Farm

Amica

Peerless

Allstate

Nationwide

15

30

45

60

75

90

105

120

135

150

165

180

195

$42

$85

$53

$137

$67

$86

$92

$208

$113

$179

Your Age

As you can see from the chart below, young teenage drivers get charged significantly higher rates. Their youth, as well as their lack of driving experience, make them much more risky to insure. However, teenage drivers can try to alleviate some of this financial burden by looking into a Good Student discount, or taking additional driver education courses.

Auto Policy Age ComparisonLegend: 34 Year Old 17 Year Old State Farm Amica Peerless Allstate Nationwide 50100150200250300350400450500550$50$158$69$354$81$312$90$255$122$558

State Farm

Amica

Peerless

Allstate

Nationwide

50

100

150

200

250

300

350

400

450

500

550

$50

$158

$69

$354

$81

$312

$90

$255

$122

$558

Your Driving Record

A clean driving record will get you the lowest rate, while accidents and tickets will raise your monthly cost. Too many citations, or serious violations such as a DUI, might result in a loss of coverage all together. Be sure to talk to your insurer about Accident Forgiveness discounts in order to save some money.

Car Insurance by Make/ModelLegend: 2015 Honda Accord 2012 Porsche Boxster Spyder State Farm Amica Peerless Allstate Nationwide 50100150200250300350$50$140$69$190$81$221$90$271$122$370

State Farm

Amica

Peerless

Allstate

Nationwide

20

40

60

80

100

120

140

160

180

200

220

$50

$50

$50

$65

$69

$96

$222

$85

$81

$99

$87

$99

$90

$137

$167

$164

$122

$142

$204

$157

 

Your Vehicle

Luxury vehicles will cost more to replace, and also require more coverage, hence the extra expense. Less expensive and fairly common cars, however, typically don’t cost as much to insure.

Car Insurance by Make/ModelLegend: 2015 Honda Accord 2012 Porsche Boxster Spyder State Farm Amica Peerless Allstate Nationwide 50100150200250300350$50$140$69$190$81$221$90$271$122$370

State Farm

Amica

Peerless

Allstate

Nationwide

50

100

150

200

250

300

350

$50

$140

$69

$190

$81

$221

$90

$271

$122

$370

 

Minor Car Insurance Factors in Providence

Most drivers don’t know much about how or why these lesser-known factors influence their rate:

Your Marital Status

For single policies, marital status is a negligible factor when determining your premiums. However, married couples have the option of bundling their policies together. Most insurance providers will offer substantial discounts for this.

Your Gender

No matter what you may have heard, there is no significant difference in risk between male and female drivers – according to most insurance companies. If your provider charges a different rate at all, it should amount to no more than 2-3%. And some companies reward female drivers, while other providers charge less for males.

Your Driving Distance to Work

While typical commutes can last between 11 and 26 minutes for residents who live in Providence, it generally averages out to about 19 minutes each way. More than half of all drivers take their own automobile (63%). Another 4-14% will usually carpool, and a surprising number of citizens choose to walk (9%).

Some companies pay lip service to your purpose for driving, as well as the miles you drive each year. However, when you analyze the data, most of these factors barely make a dent in your monthly premium – for example, there may be no more than a 4% difference between driving fewer miles for work and tens of thousands of miles for pleasure each year. However, business vehicles tend to have about 10-15% higher premiums than regular vehicles.

Your Coverage and Deductibles

Adding lots of coverage options makes sense for a more expensive vehicle. For automobiles of lesser value, however, you can save yourself some money each month by sticking to a more basic insurance policy. You can also add a few extra benefits to your coverage and keep your monthly rates low by raising your deductible – just make sure you can afford to shell out the cash if the worst happens.

Education in Providence, RI

More than one-third of those living in Providence have yet to finish their high school education. 23% have succeeded, though, and are the proud owners of a high school diploma. But did you know that you can earn greater savings on your auto insurance premiums by taking your education to the next level? Providers often lower rates for well-educated motorists.

More than half a dozen institutions for higher learning are located within the borders of Providence; additionally, scores of other universities are less than 50 miles away. Brown University is a well-known Ivy League school, and is also affiliated with The Rhode Island School of Design. Other nearby options include Johnson and Wales University and Providence College.

Finding affordable car insurance can easily become a problem. There’s lots of important information to mull over, and understanding precisely how insurance providers evaluate a driver’s potential risk may be complicated. But don’t allow an overpriced insurance provider to convince you to buy an expensive policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Rhode Island Department of Business Regulation – Insurance Regulation

Rhode Island Department of Business Regulation – Division of Banking – Banks/Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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