When shopping for the cheapest car insurance for high risk drivers, one of the many criteria that play a part in determining the amount you pay each year for auto insurance is the neighborhood you call home. Regions with larger populations or more claims like Providence, Pawtucket, and Central Falls are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the benefit of the cheapest auto insurance for high risk drivers in Rhode Island.
The illustration below illustrates the highest-priced places in Rhode Island for high risk drivers to buy car insurance in.
Rank | City | Annual Premium |
---|---|---|
1 | Providence | $2,209 |
2 | Cranston | $2,117 |
3 | Pawtucket | $1,875 |
4 | East Providence | $1,851 |
5 | Central Falls | $1,783 |
6 | Valley Falls | $1,758 |
7 | Greenville | $1,734 |
8 | Warwick | $1,732 |
9 | Harmony | $1,707 |
10 | Cumberland Hill | $1,660 |
11 | Chepachet | $1,573 |
12 | Woonsocket | $1,571 |
13 | Pascoag | $1,559 |
14 | Harrisville | $1,531 |
15 | Hope Valley | $1,507 |
16 | Narragansett Pier | $1,505 |
17 | Bradford | $1,491 |
18 | Kingston | $1,471 |
19 | Wakefield-Peacedale | $1,469 |
20 | Ashaway | $1,450 |
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Rate quotes are estimated as the specific area where the vehicle is garaged can affect coverage prices substantially.
The vehicle requiring coverage is one of the largest considerations when trying to find the cheapest auto insurance for high risk drivers in Rhode Island. Vehicles with higher performance characteristics, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than more economical and safe models.
The information below ranks insurance costs for a selection of the more afforable automobiles to buy coverage for.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Malibu Hybrid | $3,962 | $1,981 | $330 |
Ford Fusion Hybrid 4-Dr Sedan | $5,024 | $2,512 | $419 |
Honda Accord LX 4-Dr Sedan | $3,344 | $1,672 | $279 |
Honda Civic SI 2-Dr Coupe | $5,206 | $2,603 | $434 |
Hyundai Sonata SE 4-Dr Sedan | $4,486 | $2,243 | $374 |
Kia Optima EX | $4,526 | $2,263 | $377 |
Nissan Altima Hybrid 4-Dr Sedan | $4,182 | $2,091 | $349 |
Toyota Corolla S | $4,142 | $2,071 | $345 |
Volkswagen Jetta S 4-Dr Sedan | $3,962 | $1,981 | $330 |
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Data based on married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can raise or lower premium rates significantly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Suburban LS 2WD | $4,002 | $2,001 | $334 |
Chevrolet Traverse LS AWD | $3,422 | $1,711 | $285 |
Ford Escape Limited 4WD | $3,564 | $1,782 | $297 |
Ford Explorer Eddie Bauer 4WD | $4,002 | $2,001 | $334 |
GMC Acadia SLT 2WD | $3,962 | $1,981 | $330 |
Honda CR-V EX-L 4WD | $3,382 | $1,691 | $282 |
Honda Fit Sport VSA | $3,242 | $1,621 | $270 |
Honda Pilot EX-L 4WD | $4,002 | $2,001 | $334 |
Jeep Grand Cherokee Laredo 4WD | $3,962 | $1,981 | $330 |
Jeep Patriot Sport 4WD | $3,742 | $1,871 | $312 |
Jeep Wrangler Rubicon 4WD 2-Dr | $3,780 | $1,890 | $315 |
Nissan Pathfinder LE 2WD | $4,002 | $2,001 | $334 |
Toyota 4Runner Trail Edition 4WD | $3,822 | $1,911 | $319 |
Toyota Highlander 2WD | $3,780 | $1,890 | $315 |
Toyota RAV4 Limited 4WD | $3,962 | $1,981 | $330 |
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Data assumes married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle location which can modify coverage rates greatly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $4,438 | $2,219 | $370 |
Chevrolet Silverado Crew Cab Hybrid 2WD | $4,362 | $2,181 | $364 |
Dodge Ram 2500 Mega Cab SLT 4WD | $4,564 | $2,282 | $380 |
Dodge Ram Quad Cab TRX4 Off Road 2WD | $4,346 | $2,173 | $362 |
Ford F-150 XLT Crew Cab 4WD | $4,002 | $2,001 | $334 |
Ford F-250 XL Super Cab Cabela Turbo Diesel 2WD | $4,744 | $2,372 | $395 |
GMC Canyon SLT Ext Cab 4WD | $4,002 | $2,001 | $334 |
GMC Sierra 2500HD SLE Crew Cab 4WD | $4,182 | $2,091 | $349 |
GMC Sierra SLT Extended Cab 4WD | $4,182 | $2,091 | $349 |
Toyota Tundra Limited Crew MAX 4WD | $4,564 | $2,282 | $380 |
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Data variables include married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Estimates do not factor in zip code location which can affect premium rates noticeably.
Deciphering which company quotes the cheapest auto insurance rates for high risk drivers will involve more work in order to find a policy that fits your budget.
Every insurance provider has a unique formula to determine rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Rhode Island.
Find Cheaper Auto Insurance for Risky Drivers
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $705 |
2 | State Farm | $1,095 |
3 | Travelers | $1,209 |
4 | Progressive | $1,499 |
5 | Amica | $1,512 |
6 | Quincy Mutual | $1,579 |
7 | Peerless | $1,768 |
8 | National Grange Mutual | $2,114 |
9 | GEICO | $2,517 |
10 | MetLife | $2,580 |
11 | Nationwide | $2,707 |
12 | Encompass | $2,899 |
13 | California Casualty | $2,937 |
14 | Liberty Mutual | $2,983 |
15 | Allstate | $3,027 |
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USAA offers some of the cheapest car insurance rates in Rhode Island at around $705 annually. State Farm, Travelers, Progressive, and Amica also make the cut as some of the best Rhode Island car insurance companies.
As depicted above, if you buy coverage from Progressive and switched to USAA, you might see an annual premium reduction of in the vicinity of $794. Drivers with Amica might save as much as $807 a year, and Quincy Mutual customers might cut rates by $874 a year.
To get a quick, customized rate comparison, click here to get a free quote or quote rates from the companies below.
These policy prices are averages for all drivers and vehicles in Rhode Island and and are not calculated with a price increase for high risk drivers. So the insurer that fits your needs best may not even be featured in the list of companies above. That is why you need to compare as many prices as possible using your own specific driver information and vehicle.
Insurance providers that sell the cheapest auto insurance for high risk drivers in Rhode Island may also give you discounts that could lower prices by 40% or more if you are eligible for them. A few of the larger companies and a summarized list of policyholder discounts are detailed below.
Discount | State Farm | Progressive | Allstate | Geico | Liberty Mutual |
---|---|---|---|---|---|
Multi-policy | Yes | Yes | Yes | Yes | Yes |
Multiple vehicles | Yes | Yes | No | Yes | Yes |
Theft prevention | Yes | Yes | Yes | Yes | Yes |
Anti-lock brakes | Yes | No | Yes | Yes | Yes |
Air bags | Yes | No | Yes | Yes | Yes |
Running lights | Yes | No | No | Yes | No |
New car | Yes | No | Yes | No | No |
Green vehicle | No | No | Yes | No | Yes |
No accidents | Yes | Yes | Yes | Yes | No |
Defensive driving course | Yes | Yes | Yes | Yes | No |
Armed forces | Yes | Yes | No | Yes | No |
Employment | No | No | No | Yes | Yes |
Paid in full | No | Yes | Yes | Yes | Yes |
Auto-pay | No | Yes | Yes | Yes | Yes |
Brand loyalty | Yes | Yes | No | No | No |
Good student | Yes | Yes | Yes | Yes | Yes |
Student at college | Yes | Yes | Yes | No | Yes |
Own a home | No | Yes | No | No | No |
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The diagram below compares car insurance rates with and without discounts applied to the policy premium. The premiums assume a female driver, three violations and one accident, Rhode Island state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with vehicle safety, homeowner, multiple policy, passive restraint, anti-theft, and multiple vehicle discounts applied. When discounts are applied, the the average amount saved on auto insurance for high risk drivers is 33% or $504.
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Selecting a good quality car insurance company is difficult considering how many companies provide coverage in Rhode Island. The rank data below could help you analyze which auto insurance companies you want to consider when buying insurance for high risk drivers. These ratings are for companies that write coverage in many states, so smaller companies will not be included in the list.
Below you’ll find some of the recommended penny-pinching suggestions that can help Rhode Island drivers locate lower-cost coverage.
The last tip in the list is extraordinarily critical, as we discussed in the prior article. Prices charged by companies change constantly, so you should be ready to switch companies if a lower-cost policy is available. We understand brand loyalty, but we do not recommend it if that stubbornness costs you hundreds of dollars a year. In just a couple of minutes you could shop around and find cheaper insurance for high risk drivers.