News Summary
Rhode Island residents searching for affordable auto insurance can find American Family Insurance to provide the lowest premiums in the state. With an average monthly premium of $42 for liability coverage and $100 for full coverage, American Family leads the market. This article explores the average auto insurance premiums in Rhode Island, the impact of traffic violations on rates, and compares insurance costs with neighboring states, emphasizing the importance of understanding coverage options.
Rhode Island Auto Insurance Rates: American Family Offers Cheapest Premiums
Rhode Island residents seeking affordable auto insurance will find American Family Insurance to be the most economical option in the state. The company provides the lowest average monthly premium for liability coverage at $42 and offers full coverage insurance for an average of $100 per month.
According to recent findings, the average auto insurance premium for full coverage in Rhode Island stands at $2,733 annually. Factors such as the area one resides in significantly affect premium rates. For instance, the cheapest average monthly premiums are found in Middletown and Newport East, both priced at $181, followed closely by Jamestown and Melville at $185, and Portsmouth at $188.
Liability and Full Coverage Options
In terms of liability insurance, American Family leads the market in Rhode Island, followed by USAA at $47, State Farm at $48, Travelers at $51, and Amica Mutual at $52. For full coverage, aside from American Family’s $100, other competitive prices include State Farm at $111, Amica Mutual at $129, Travelers at $132, and USAA at $134.
Impact of Traffic Violations on Insurance Rates
Rhode Island drivers should also be aware that their auto insurance rates can skyrocket due to traffic violations. For instance, drivers with no violations pay an average of $220 per month. However, a not-at-fault accident raises the average to $223, while a failure to wear a seatbelt leads to an average of $256. Other speeding violations can increase monthly premiums even further: speeding 6-10 MPH over the limit averages $268, while speeding 21-25 MPH over the limit raises it to $281. DUI violations result in an average of $423, and reckless driving averages $394.
Uninsured Drivers and Coverage Requirements
Rhode Island has an estimated 16.5% of drivers who are uninsured, which highlights the importance of understanding coverage requirements. It is mandated that drivers carry at least $25,000 in bodily injury liability coverage per person and $50,000 per accident, alongside $25,000 for property damage liability. Uninsured motorist bodily injury coverage must also be offered but can be waived in writing. Medical payments coverage remains optional.
Insurance Rate Comparisons with Neighboring States
When comparing Rhode Island’s average annual auto insurance premiums to neighboring states, Massachusetts reports an average of $1,832, while Connecticut stands at $2,569. This demonstrates a regional variation in auto insurance costs that residents should take into consideration.
Factors such as vehicle costs and the increasing severity of accidents have contributed to rising auto insurance rates across the board. In the United States, approximately 14% of drivers are uninsured, which emphasizes the need for awareness and caution when selecting auto insurance coverage.
Advice for Rhode Island Drivers
To circumvent high premiums, customers are strongly advised to consult various providers in the market. Shopping around for the most competitive pricing can yield significant savings and ensure that drivers find the best coverage that fits their financial needs.
Deeper Dive: News & Info About This Topic
- Santa Fe New Mexican
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- Google Search: Rhode Island car insurance
- KPVI
- Wikipedia: Car insurance
Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
