No normal person looks forward to paying for auto insurance, particularly when they are paying too much.

It's hard to fathom, but the vast majority of consumers in Rhode Island have purchased from the same company for more than four years, and virtually 40% of consumers have never even compared rates from other companies. U.S. drivers could save $850 every year, but they don't invest the time required to do a rate comparison. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly blast consumers with catchy ads and it is difficult to ignore the promise of big savings and find the best price available.

Consumers should take time to compare premium rates before your policy renews because auto insurance prices are adjusted regularly by insurance companies. If you had the lowest rates on auto insurance on your last policy you may be paying too much now. Ignore everything you know about auto insurance because I'm going to let you in on the secrets to the fastest way to reduce your cost while improving coverage.

How to buy auto insurance online

Finding cheap auto insurance rates can be relatively painless. Consumers just need to spend a little time comparing rates from online providers.

It's so fast and easy to compare rates online that it makes it a waste of time to go to insurance agents' offices. Shopping for auto insurance online eliminates this option unless you're the type of person who wants the trained advice of a licensed agent. Some companies do allow you to get prices online but have a local Narragansett agent actually write the policy.

The companies shown below have been selected to offer free quotes in Rhode Island. If multiple companies are shown, it's a good idea that you compare several of them in order to find the cheapest rates.

Insurance Cost Estimates for Popular Vehicles in Narragansett
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Extended Cab 4WD $1,276 $638 $106
Dodge Ram Quad Cab Laramie 2WD $1,248 $624 $104
Ford Escape XLS 4WD $1,212 $606 $101
Ford Explorer Eddie Bauer 4WD $1,306 $653 $109
Ford F-150 XLT Crew Cab 4WD $1,438 $719 $120
Ford Focus S 4-Dr Sedan $1,256 $628 $105
GMC Sierra Denali Crew Cab 4WD $1,662 $831 $139
Honda Accord LX 4-Dr Sedan $958 $479 $80
Honda CR-V EX-L 4WD $1,056 $528 $88
Honda Civic EX 4-Dr Sedan $974 $487 $81
Jeep Grand Cherokee Limited 4WD $1,728 $864 $144
Nissan Altima 3.5 SR 2-Dr Coupe $1,484 $742 $124
Toyota Camry Hybrid $1,612 $806 $134
Toyota Corolla S $1,262 $631 $105
Toyota Tacoma 2WD $1,414 $707 $118
Get Your Own Custom Quote Go

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in vehicle garaging location which can impact premium rates significantly.

Full coverage rates vs. liability-only

The example below shows the comparison of Honda Pilot car insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no accidents or driving violations, $1,000 deductibles, single male driver, and no discounts are taken into consideration.

Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.

Are you wasting money paying for full coverage?

There is no definitive formula to exclude comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's pretend your Honda Pilot replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your deductible. If it's costing you more than $400 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.

There are some cases where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Safe drivers pay cheaper rates

The example below demonstrates how speeding tickets and at-fault fender-benders can affect Nissan Altima auto insurance rates for different age groups. The rates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.

Where to set your deductibles

The example below highlights how deductible choice and can influence Honda Accord insurance costs for each age group. The data assumes a single female driver, full physical damage coverage, and no discounts are applied.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Slash rates with these discounts on insurance

Auto insurance companies don't always publicize every discount they offer very clearly, so the next list breaks down both well-publicized and also the more inconspicuous insurance savings.Save money with discounts

Drivers should understand that some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So even though you would think you would end up receiving a 100% discount, you aren't that lucky. Any amount of discount will help reduce the amount you pay for coverage.

A few of the larger companies and their offered discounts are included below.

If you are trying to find affordable Narragansett car insurance quotes, ask every prospective company which discounts they offer. A few discounts might not be offered in Narragansett.

Why informed drivers get cheaper prices in Narragansett

Lots of factors are used in the calculation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but other criteria are not as apparent like where you live or how financially stable you are. Part of the auto insurance buying process is learning the rating factors that aid in calculating your policy premiums. If you have some idea of what influences your rates, this enables informed choices that could result in cheaper rates.

The factors shown below are some of the factors companies use to determine your prices.

Auto insurance claim statistics

Are you driving a vehicle with a high chance of a claim? The claim statistics below list the best and worst makes and models for the probability of having large claims.

Vehicles with the Lowest and Highest Comprehensive Insurance Claims
Lowest Claims Highest Claims
GMC Sierra 2500 BMW M6
Smart ForTwo Maserati Quattroporte
Chevy Silverado 2500 Bentley Continental GTC
Nissan Leaf Maserati Granturismo
Infiniti QX50 Mercedes-Benz S Class
Nissan Xterra BMW M6

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Medical Payment Insurance Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Chevrolet Silverado 2500 Nissan Versa
Chevrolet Silverado 3500 Chevrolet Sonic
Ford F-350 SuperCrew Chevrolet Spark
Chevrolet Corvette Mitsubishi Lancer
Ford Expedition Kia Forte
Audi A4 Allroad Chrysler 200

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Insurance Claims by Vehicle
Lowest Claims Highest Claims
Jeep Wrangler BMW 6 Series
Ford Edge Nissan GT-R
Ford F-250 SuperCab Audi RS7
Chevrolet Colorado Bently Continental GTC
Nissan Xterra Bently Continental GT
Mini Cooper Bentley Continental Flying Spur

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Liability Coverage Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Chevrolet Corvette Hyndai Accent
Mercedes-Benz SL Class Chevrolet Cruze
Acura MDX Chevrolet Impala
Fiat 500 Mitsubishi Lancer
Subaru Forester Kia Optima
Subaru Outback Kia Rio

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance buyers beware

Consumers in Rhode Island can't get away from all the ads that claim the lowest premium rates by GEICO, State Farm and Progressive. All the companies advertise the message that drivers can save some big amount if you switch to them.

How does every auto insurance company sell you cheaper insurance coverage? It's all in how they say it.

All the different companies have a preferred profile for the type of driver that will most likely be profitable. For instance, this type of insured may be between 25 and 40, has a low-risk occupation, and drives less than 7,500 miles a year. A customer getting a price quote that matches those criteria will most likely get cheap premium rates and will probably cut their rates substantially.

Consumers who don't meet the requirements will be quoted a more expensive rate and the driver buying from a lower-cost company. If you listen to the ad wording, they say "people who switch" not "everybody who quotes" can save as much as they claim. That's why companies can make claims that they all have the best car insurance rates.

That is why you should get a wide range of price quotes. It's not possible to predict which insurance companies will provide you with the cheapest auto insurance in Narragansett.

The best insurance company isn't always the cheapest

When you buy Narragansett car insurance online, make sure you don't sacrifice coverage to reduce premiums. Too many times, an insured dropped uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.

We covered a lot of ways to compare auto insurance rates in Narragansett. The key concept to understand is the more times you quote, the higher the chance of saving money. Drivers may even discover the lowest rates are with a small mutual company. These companies may only write in your state and offer lower car insurance rates than their larger competitors like Progressive or GEICO.

Additional auto insurance information can be found at these links: