Who Has the Cheapest Auto Insurance Quotes for Drivers Over Age 60 in Rhode Island?

It’s impossible to miss the captivating commercials from auto insurance companies like The General, Liberty Mutual, and Farmers guaranteeing the cheapest price. So you just need to select the one with the best jingle, right?

It’s just not that easy, however, as there are a lot of unknown factors such as whether or not you are currently insured, if you are insuring for full coverage or just liability only, what deductibles to use for physical damage coverage, and the safety ratings of your vehicle. This article will detail the best ways to avoid overpriced car insurance and will hopefully give you a good start to your coverage search.

Establishing which companies offer the cheapest auto insurance rates for drivers over age 60 may require a bit more effort than just comparing rates from one or two companies. Each auto insurer uses different criteria to set their prices, so let’s take a look at the auto insurance companies with the most affordable rates in Rhode Island.

It’s a good idea to be aware that Rhode Island auto insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Improving your credit rating, buying another vehicle, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being more affordable than others.

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USAA generally has some of the cheapest car insurance rates in Rhode Island at around $698 annually. State Farm, Travelers, Amica, and Progressive also are some of the most economical Rhode Island auto insurance companies.

In this example, if you currently have a policy with Progressive and switched to State Farm, you may realize annual savings of roughly $360. Rhode Island drivers with Quincy Mutual might save as much as $504 a year, and Peerless policyholders might cut rates by $646 a year.

To find the cheapest car insurance for drivers over age 60 in Rhode Island for your vehicle, click here to start your custom quote or click several companies below for low rates.

Understand that those estimates are averaged across all ages of drivers and types of vehicles and and are not figured with a price decrease for drivers over age 60. So the auto insurance company that is best suited for you may not even be featured in the above list. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The model of vehicle you are trying to insure is a large factor when comparison shopping for the lowest-priced insurance for drivers over age 60. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost substantially more to insure than more modest models. The tables below estimates coverage premiums for a handful of the cheaper automobiles to insure.

Cost estimates assume married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Information does not factor in specific location which can change prices significantly.

Prices above based on married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in vehicle location which can alter coverage prices substantially.

Premium data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific Rhode Island garaging location which can decrease or increase price quotes significantly.

For older drivers, one of the more important components that help determine car insurance rates is where your residence is in Rhode Island. Cities with larger populations or higher claim trends like Providence, Pawtucket, and Central Falls will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower prices.

The next table illustrates the highest-priced places in Rhode Island for drivers over age 60 in which to buy car insurance.

Prices are estimated as the specific zip code location can raise or lower price quotes noticeably.

Reckless driving habits raise Rhode Island auto insurance rates

In a perfect world, the best way to maintain the cheapest car insurance for drivers over age 60 in Rhode Island is to be a cautious driver and avoid traffic citations and accidents. The example below shows how speeding tickets and at-fault collisions can increase premium costs for different ages of insureds. The premiums are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

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In the prior example, the average cost of a car insurance policy in Rhode Island per year with no violations or accidents is $2,944. Get written up for one speeding ticket and the average cost hikes up to $3,339, an increase of $395 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 60 goes up to an average of $4,467. That’s an increase of $1,523, or $127 per month, just for not keeping your driving record clean!