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Accidents and auto insurance in Rhode Island

In Rhode Island, buying uninsured motorist coverage is essential, given a high percentage (around 15%) of uninsured drivers. Liability coverage is a must, while uninsured coverage must be offered with liability coverage. As of January 2014, Rhode Island is the 8th most expensive state to buy auto insurance in the United States, after Louisiana, Michigan, Georgia, Oklahoma, Montana, California, and West Virginia.

The average annual insurance rate in Rhode Island is $1735. This is $239 higher than the national average insurance rate. The average rates increase twofold in certain cases, one of them being accidents on your driving record. In Rhode Island, Woonsocket is the cheapest city to buy auto insurance. With an annual average rate of $1386, Woonsocket’s rates are lower than the state average by $349. However, if you’ve been involved in an accident in the past three years, your rates could increase between $1733 and $2079.

Insurance companies usually follow the Insurance Services Office’s (ISO) surcharge policy. The following table shows the increase in rates according to this policy in the different cities in Rhode Island.

City/ State Zip code Average Annual Insurance Rate ($) Increased premium for a multi-car policy ($) Increased premium for a single-car policy ($)
Woonsocket, RI 2895 1,386 1,663 1,940
Cumberland, RI 2864 1,445 1,734 2,023
Coventry, RI 2816 1,573 1,888 2,202
Warwick 2888 1,656 1,987 2,318
East Providence 2914 1,715 2,058 2,401
Rhode Island 2893 1,735 2,082 2,429
Pawtucket 2860 1,827 2,192 2,558
Cranston 2921 1,850 2,220 2,590
North Providence 2911 1,875 2,250 2,625
Providence 2909 2,331 2,797 3,263

Accidents involving major property damage or serious medical injuries will cost you even more in terms of insurance costs. In Providence, your insurance costs will increase between $3497 and $4662.

A defensive driving course completion certificate may help reduce your insurance costs. However, this reduction is only marginal, and helps very little in the long run. The defensive driving course is still a good choice, since it helps make you a better driver.  

35.7% rise in auto insurance costs in Rhode Island between 1989 and 2010

As of 1989, the average auto insurance expenditure in Rhode Island stood at $725.82 which was over $175 dollar more than the countrywide average of $551.95. By 2010, the average figures had gone up to $984.95 and $791.22 in Rhode Island and countrywide respectively. In 2010 the average auto insurance cost in Rhode Island was almost $200 dollars more expensive than the countrywide average. However, it’s not all bad news. Looked at in terms of percentages, Rhode Island’s performance (35.7 percent increase in costs) is actually better than the countrywide figures (43.3 percent increase).

These figures, obtained from a November 2013 study by the Consumer Federation of America, show that while auto insurance costs more in Rhode Island, there has been some catching up that the state has done in the 21 years ending 2010. However, this is yet to translate into real savings for consumers in the state. Furthermore, when compared to states like California (which saw a decrease in costs of 0.3%) or New Hampshire (where costs went up by only 15.9%), Rhode Island’s performance is left wanting.

The study found that states that implemented stringent auto insurance regulation had the most success in keeping rates from rising too fast. Moreover, they did so without adversely affecting profitability of insurers. The Prior Approval system, which requires insurers to file rates changes and have them approved by the state before being implemented in the marketplace, has been credited with helping keeping rates low. In contrast, Rhode Island employs a File and Use system where insurers are required to file rates changes before use but without any requirement for approval.

Implementing stringent auto insurance regulation in Rhode Island, in particular the PA system, will benefit consumers by bringing rates down to manageable levels. As of 2010 levels, there is a substantial and significant gap in auto insurance costs in Rhode Island and the countrywide average. Stringent regulation will help bridge this gap, as per the study.

Rhode Island Auto Insurance Rates

Below are the minimum, average and maximum insurance rate estimates for neighbourhoods in and around Rhode Island, RI.

Lowest Rate:$1,100
Average Rate:$1,700
Highest Rate:$2,300

Recent Savings From Top Providers in Rhode Island

Rank Customer Zipcode Amount Saved
1 2893 $493
2 2804 $486
3 2806 $484
4 2807 $482

Compare Auto Insurance Companies in Rhode Island

Company A.M Best Rating on
Financial Strength
Year Founded
Progressive A+ 1937
Allstate A+ 1931
GEICO A++ 1936
Nationwide A+ 1925
Liberty Mutual A 1912

Rhode Island Auto Insurance Requirements

Minimum limits of liability for auto insurance in Rhode Island as per RI State Laws

Bodily Injury Liability

  • $25,000 for death/injury of any one person, per accident.
  • $50,000 for all persons per accident.

Property Damage Liability

  • $25,000 per accident.

Rhode Island Car Insurance Average Rates by Make

In addition to the location, one key factor that contributes to the insurance rates in Rhode Island is the vehicle's make and model. Especially the vehicle's theft rates in Rhode Island

MakeInsurance Average PremiumView Details
MakeInsurance Average PremiumView Details

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