Think you have an overpriced insurance policy? Say no more because there are lots of people in the same boat.

It's hard to believe, but over 70% of consumers have remained with the same insurance company for at least four years, and 38% of drivers have never taken the time to shop around. American drivers can cut their rates by approximately 47% a year by just comparing rate quotes, but they just don't understand the amount of money they would save if they switch to a new company.

Due to the fact that there are so many insurance companies to choose from, it can be impossible to choose the cheapest insurance company.

You should make it a habit to do price comparisons every six months due to the fact that insurance rates change quite often. Just because you found the best rate on insurance two years ago you can probably find a lower rate today. You'll find quite a bit of inaccurate information about insurance on the web, but you can learn some of the best ways to save money.

Locating the best rates in East Providence is much easier if you have a good place to start. If you have insurance now, you will definitely be able to save money using these techniques. But Rhode Island vehicle owners must understand how the larger insurance companies determine prices and use it to your advantage.

Verify you're applying every discount

Companies that sell car insurance don't always list their entire list of discounts in a way that's easy to find, so the list below gives a summary of both the well known in addition to some of the lesser obvious ways to save on insurance. If you are not receiving all the discounts available, you may be paying too high a price.Insurance discounts

It's important to understand that most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, companies don't profit that way.

To locate companies that offer some of these discounts in East Providence, click here.

Just remember that getting more free quotes helps locate a better price. Some insurance companies are not set up to provide online price quotes, so you also need to get rates from them as well.

The following companies provide quotes in Rhode Island. If several companies are displayed, it's a good idea that you click on several of them in order to get a fair rate comparison.

Insurance Cost Estimates for Popular Vehicles in East Providence
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LS 2WD $1,282 $641 $107
Chevrolet Silverado LT Crew Cab 4WD $1,158 $579 $97
Dodge Ram Crew Cab SLT 4WD $1,224 $612 $102
Ford Escape XLS 2WD $1,132 $566 $94
Ford F-150 XL Super Cab 4WD $1,120 $560 $93
Ford Focus SES 4-Dr Sedan $1,332 $666 $111
Ford Fusion SE 4-Dr Sedan $1,728 $864 $144
GMC Sierra SLE Crew Cab 4WD $1,152 $576 $96
Honda Accord EX-L 2-Dr Coupe $1,416 $708 $118
Honda CR-V EX-L 2WD $1,208 $604 $101
Honda Civic EX 4-Dr Sedan $1,274 $637 $106
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,292 $646 $108
Mazda 3 S Grand Touring 4-Dr Hatchback $1,032 $516 $86
Nissan Altima 3.5 SR 2-Dr Coupe $1,490 $745 $124
Nissan Rogue SL 2WD $1,158 $579 $97
Toyota Camry XLE $1,460 $730 $122
Toyota Corolla S $1,488 $744 $124
Toyota Tacoma 2WD $1,166 $583 $97
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can influence premiums substantially.

An analysis of deductible level

The hardest decision when buying coverage is where to set your physical damage deductibles. The premium rates below may help to conceptualize the differences in price when you choose different comp and collision deductibles. The first data table uses a $100 deductible and the second price table uses a $1,000 deductible.

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

Nissan Altima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $350 $630 $406 $24 $122 $1,557 $130
Altima 2.5 S 4-Dr Sedan $350 $744 $406 $24 $122 $1,671 $139
Altima Hybrid 4-Dr Sedan $394 $744 $406 $24 $122 $1,715 $143
Altima 2.5 S 2-Dr Coupe $394 $744 $458 $28 $138 $1,787 $149
Altima 3.5 SR 4-Dr Sedan $394 $744 $406 $24 $122 $1,715 $143
Altima 3.5 SR 2-Dr Coupe $394 $856 $458 $28 $138 $1,899 $158
Get a Quote for Your Vehicle Go
Nissan Altima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $194 $332 $406 $24 $122 $1,078 $90
Altima 2.5 S 4-Dr Sedan $194 $392 $406 $24 $122 $1,138 $95
Altima Hybrid 4-Dr Sedan $218 $392 $406 $24 $122 $1,162 $97
Altima 2.5 S 2-Dr Coupe $218 $392 $458 $28 $138 $1,234 $103
Altima 3.5 SR 4-Dr Sedan $218 $392 $406 $24 $122 $1,162 $97
Altima 3.5 SR 2-Dr Coupe $218 $450 $458 $28 $138 $1,292 $108
Get a Quote for Your Vehicle Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Rhode Island minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in your specific East Providence location which can raise or lower premium rates greatly.

Based on the figures above, using a $100 deductible costs roughly $46 more each month or $552 annually than quoting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 20 months between claims, you would most likely save money by going with a higher deductible. The illustration below shows how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $144
Average monthly premium for $1,000 deductibles (subtract): - $98
Monthly savings from raising deductible: $46
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $46
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One important caveat is that higher deductibles means you will have to pay more out-of-pocket when you have to file a claim. That will force you to have some non-essential savings in the event you have to pay the higher deductible.

How much auto insurance do I need?

When buying a policy for your vehicles, there is no "best" method to buy coverage. Every insured's situation is different so this has to be addressed.Drive safe and save Here are some questions about coverages that can help discover whether or not you may require specific advice.

If you're not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

When do I need to talk to an insurance agency?

Some people would prefer to get professional advice from a licensed agent and that is not a bad decision The biggest benefit of comparing insurance prices online is that drivers can save money and get the lowest rates and still buy from a local agent.

Insurance agency in East ProvidenceUpon completion of this simple form, your information is sent to companies in East Providence that provide free East Providence auto insurance quotes for your insurance coverage. It's much easier because you don't need to contact any agents due to the fact that quote results will go immediately to you. You can get cheaper car insurance rates without having to waste a lot of time. If you wish to get a comparison quote from a particular provider, feel free to navigate to their website and complete a quote there.

Picking a insurer requires more thought than just the quoted price. A good agent in East Providence will have answers to these questions.

If you receive good answers to these questions as well as an affordable premium quote, you may have found an insurance company that is reliable enough to insure your vehicles.

Vehicle claim statistics

Which vehicles rank well for chances of having claims? The following tables show the highest and lowest models for the overall chance of having claims orgainized by coverage.

Auto Insurance Medical Payment Claims by Vehicle
Lowest Claims Highest Claims
Chevrolet Corvette Nissan Sentra
Land Rover Range Rover Sport Hyundai Accent
Audi A4 Allroad Chevrolet Spark
Chevrolet Silverado 2500 Mitsubishi Mirage
Tesla Model S Dodge Charger
Ford F-350 SuperCrew Chevrolet Sonic

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

Lowest and Highest Collision Insurance Claims by Manufacturer Model
Lowest Claims Highest Claims
Ford F-250 SuperCab Nissan GT-R
GMC Canyon Bently Continental GT
Chevrolet Colorado Audi RS7
Ford Edge Bently Continental GTC
Jeep Wrangler Maserati Granturismo
Ford F-150 SuperCrew BMW M6

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

Bodily Injury Liability Claims by Vehicle Model
Lowest Claims Highest Claims
Subaru Forester Mitsubishi Mirage
Acura MDX Kia Rio
Chevrolet Corvette Kia Optima
Audi A6 Chrysler 200
Fiat 500 Dodge Charger
Mercedes-Benz SL Class Chevrolet Impala

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

Auto Insurance Comprehensive Claims by Vehicle Model
Lowest Claims Highest Claims
Volvo V60 Bentley Continental GT
Infiniti QX50 Mercedes-Benz S Class
Smart ForTwo Maserati Quattroporte
Nissan Leaf Porsche Panamera GTS
Nissan Xterra BMW M6
GMC Sierra 2500 Audi S7

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

You can lower your auto insurance rates

As you go through the steps to switch your coverage, don't be tempted to reduce coverage to reduce premium. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret at claim time they didn't purchase enough coverage. Your focus should be to get the best coverage possible for the lowest cost, not the least amount of coverage.

You just read a lot of tips how to find cheaper coverage online. It's most important to understand that the more companies you get car insurance rates for, the better your comparison will be. You may even discover the biggest savings come from a small mutual company. These companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.

Affordable auto insurance in East Providence is available online and with local East Providence insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not offer rate quotes online and usually these regional carriers sell through independent insurance agencies.

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