The best thing about living in Rhode Island: Del’s lemonade, of course. The worst thing: paying so much for car insurance.
It takes less than an hour to drive all the way across the state — so why is Rhode Island car insurance so expensive? We’ll explain the RI state minimum requirements and how to find the best rates. Or, if you want the TL;DR version, go ahead and get your own personalized auto insurance quotes on Compare.com. It’s free. It’s fast. It works!
What are the Rhode Island Auto Insurance Requirements?
You must have auto insurance in order to drive legally in Rhode Island. The minimum requirements for RI car insurance are:
- $25,000 in bodily injury liability per person and $50,000 per accident: Bodily injury liability is the part of your insurance that pays for other people’s medical bills and other losses if they get hurt in an accident you’re responsible for
- $25,000 in property damage liability: This pays for damage to other people’s cars (or other property) in an accident you’re responsible for
In Rhode Island, you may decline uninsured/underinsured motorist coverage if you choose to buy the state minimum limits of bodily injury and property damage liability. Uninsured motorist (UM) coverage and underinsured motorist coverage (UIM) pay for injuries or property damage you and your passengers suffer if an uninsured, underinsured or hit-and-run driver causes an accident.
Cheap Liability Coverage in Rhode Island
The average cost of car insurance in Rhode Island is more than twice the national average, which means cheap liability car insurance can be tough to find. But don’t give up! Compare.com can help.
Select “state minimum” when you’re comparing quotes, and we’ll show you real, personalized rates for a liability-only policy. In Rhode Island, this means a 25/50/25 policy: $25,000 per person and $50,000 per accident in bodily injury liability, plus $25,000 in property damage liability.
How much will it cost? When we ran the numbers for our sample driver — a 27-year-old Warwick woman with a clean record — her lowest quote was $197 per month. Will you pay less or more for cheap liability car insurance? There’s only one way to find out: Compare quotes yourself.
Why is Car Insurance so Expensive in Rhode Island?
Of all 50 states, Rhode Island ranks seventh for the highest average car insurance rates, according to the Insurance Information Institute. Why does RI car insurance cost so much? For one thing, it’s a heavily urban state.
Collision and crime rates — and thus car insurance rates — tend to be lower in rural states with wide open spaces, like Wyoming and South Dakota. Fatal accidents are also increasing in Rhode Island. In 2017, the state saw 83 road fatalities — a 62-percent increase over 2016 and the highest number of deaths since 2008.
Tips for Finding the Cheapest Car Insurance in RI
Even if the average person pays a lot for car insurance in Rhode Island, it’s still possible to find a bargain! The secret: You have to compare a bunch of quotes. As the RI Dept. of Business Regulation explains, “auto insurance companies vary substantially both in price and service to policyholders, so it pays to shop around and compare different insurance companies.”
In other words, every Rhode Island insurance company has its own secret methods of calculating rates. One company might give young drivers a better deal; another company might offer the cheapest rates for people who have a few dings on their driving history. That’s why you have to compare customized quotes side by side.
How Can Compare.com Find the Cheapest Rhode Island Auto Insurance Quotes?
It’s so easy! We’ll show you how.
Let’s say you’re a 27-year-old woman, with a good driving record who’s living in Warwick, RI (If you’re actually a 48-year-old man living in Providence, this advice applies to you too). To start, just enter some basic information on Compare.com, then pick a level of insurance coverage: state minimum, Basic, Plus or Premium. To see the absolute cheapest RI auto insurance quotes, pick state minimum.
This gives you 25/50/25 coverage for bodily injury and property damage, 25/50 in uninsured/underinsured motorist bodily injury, and $2,500 in medical payments, which pay for your and your passengers’ medical bills. Then, compare quotes. In this scenario, the best quote for state minimum coverage is $197 per month.
The only problem is that state minimum insurance doesn’t include comprehensive and collision coverage, which you really need if you drive a newer car. So you select Basic coverage instead, which adds comprehensive and collision (with a $1,000 deductible). Now, your best quote is $306 per month.
Maybe you want even more coverage because you have assets, like a house, that you want to protect from car crash-related lawsuits. Plus coverage increases the bodily injury/property damage, and UM/UIM liability limits to 50/100/50 and cuts your collision/comprehensive deductible to $500. You also get towing and rental car coverage. And now, your best quote is… $288 per month! Yep — in some cases, you may actually find that one company will give you a cheaper quote for better insurance. That’s why it’s so important to compare.
What are the Penalties for Driving Uninsured in Rhode Island?
More than 15 percent of Rhode Island drivers are uninsured — probably because they’re having a hard time paying for insurance. You might be tempted to join them, but you shouldn’t! The penalties for driving uninsured in RI include:
- Suspension of your driver’s license, motor vehicle registration and license plates
- A fine of $500 for the first and second offenses
- A fine of $1,000 for the third and subsequent offenses
- Up to a year in jail (for violations occurring a third or subsequent time)
So don’t let the cost of car insurance make you drive illegally. Compare.com can help you find the cheapest Rhode Island car insurance quotes in just minutes. Start today!
What Extra Fees Come with Buying a Car in Rhode Island?
If you’re in the market for a new or used car, you’ll need to budget for more than just the vehicle’s sticker price. You’ll be on the hook for basic DMV fees like title, license plate, and registration fees no matter where and how you purchase your new car, truck or SUV, as well as buying a new car insurance policy for your car. But some buyers will find themselves with additional fees such as sales tax, documentation fees, personal property tax, emissions and inspection fees, hybrid and electric vehicle fees, lien recording fees and a slew of other costs.
Check out Compare.com’s comprehensive vehicle costs breakdown to make sure you account for all the added fees you might be on the hook for when buying a car in Rhode Island.