Are you regretting the purchase of an overpriced insurance policy? You're preaching to the choir because there are lots of Middletown residents who feel the same.
Inconceivable but true, the vast majority of insurance customers have purchased from the same company for four years or more, and nearly half have never compared rates to find cheap insurance. Many drivers in Rhode Island can save hundreds of dollars each year just by comparing rates, but they underestimate how much they could save if they switch to a new company. Due to the increasing number of companies and agents to choose from, it is hard for the average consumer to pick the lowest cost insurance company.
Buying the cheapest auto insurance in Middletown is quite easy if you know the best way to do it. If you're already insured or are looking for a new policy, follow these tips to buy cheaper auto insurance without reducing protection. Drivers just need to use the fastest way to quote multiple rates over the internet.
Most companies allow consumers to get insurance quotes directly from their websites. Comparing insurance rates online is possible for anyone because you just enter the amount of coverage you want on the page. When complete, their quoting system automatically retrieves credit information and your driving record and generates a price. This makes it easy to compare insurance prices and it's absolutely necessary to do this if you want to get a better rate.
To compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend that you enter the coverages just like they are on your policy. Using the same limits helps guarantee you're receiving an apples-to-apples comparison for similar insurance coverage.
The companies shown below offer comparison quotes in Middletown, RI. If several companies are displayed, we suggest you visit as many as you can to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LTZ Crew Cab 2WD||$1,414||$707||$118|
|Dodge Grand Caravan CV||$894||$447||$75|
|Dodge Ram Crew Cab SLT 2WD||$1,184||$592||$99|
|Ford Escape XLS 4WD||$1,310||$655||$109|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,402||$701||$117|
|Ford Focus S 4-Dr Sedan||$1,564||$782||$130|
|GMC Sierra SLT Crew Cab 2WD||$1,292||$646||$108|
|Honda Accord LX 4-Dr Sedan||$1,360||$680||$113|
|Honda CR-V EX 2WD||$816||$408||$68|
|Honda Civic SI 2-Dr Coupe||$1,634||$817||$136|
|Honda Odyssey LX||$1,252||$626||$104|
|Hyundai Sonata GLS 4-Dr Sedan||$1,414||$707||$118|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,516||$758||$126|
|Kia Optima LX||$1,158||$579||$97|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,366||$683||$114|
|Nissan Rogue S AWD||$1,536||$768||$128|
|Toyota Camry LE||$1,440||$720||$120|
|Toyota Corolla LE||$1,476||$738||$123|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in Middletown location which can increase or decrease prices substantially.
One common question asked by Middletown drivers is how low should you set your deductibles. The following insurance rates can help you understand the differences in price when you buy lower versus higher physical damage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.
Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$274||$622||$406||$24||$122||$1,473||$123|
|Sentra 2.0 SR||$274||$622||$406||$24||$122||$1,473||$123|
|Sentra 2.0 SL||$314||$622||$406||$24||$122||$1,513||$126|
|Sentra SE-R SPEC V||$314||$716||$406||$24||$122||$1,607||$134|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$222||$502||$406||$24||$122||$1,276||$106|
|Sentra 2.0 SR||$222||$502||$406||$24||$122||$1,276||$106|
|Sentra 2.0 SL||$254||$502||$406||$24||$122||$1,308||$109|
|Sentra SE-R SPEC V||$254||$578||$406||$24||$122||$1,384||$115|
|Get a Quote for Your Vehicle Go|
Premium 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, homeowner, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in your specific Middletown location which can alter auto insurance rates noticeably.
Based on these figures, using a $250 deductible would cost the average driver about $17 more each month or $204 a year than selecting the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 15 months between claims, you would save more money by going with a higher deductible. The illustration below shows a better example of how you can perform this determination yourself.
|Average monthly premium for $250 deductibles:||$125|
|Average monthly premium for $500 deductibles (subtract):||- $108|
|Monthly savings from raising deductible:||$17|
|Difference between deductibles ($500 - $250):||$250|
|Divide difference by monthly savings:||$250 / $17|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||15 months|
An important sidenote is that increasing deductibles to save money means you pay more out-of-pocket when you do file a claim. You need to have enough savings in the event you need to pay more for the deductible.
Rate comparison of male drivers versus female drivers
The chart below shows the difference between insurance rates for male and female drivers in Middletown. The premiums are based on no accidents, no driving violations, comp and collision included, $100 deductibles, drivers are not married, and no discounts are factored in on a GMC Acadia SL.
GMC Acadia rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Responsible drivers pay cheaper auto insurance rates
The illustration below shows how traffic citations and at-fault claims increase Nissan Altima auto insurance rates for different insured age categories. The rate quotes are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Affordable rates on insurance with these discounts
Insurance is easily one of your largest bills, but you may qualify for discounts to help bring down the price. A few discounts will automatically apply when you quote, but some need to be manually applied before they will apply.
- Driver Education Discount - Require your teen driver to enroll in driver's education in school.
- Middletown Homeowners Pay Less - Just owning your own home can earn you a little savings since owning and maintaining a home shows financial diligence.
- Multi-car Discount - Drivers who insure primary and secondary vehicles on a single policy can get a discount for every vehicle.
- Membership in Organizations - Affiliation with a civic or occupational organization in Middletown is a good way to get lower rates on your bill.
- Distant College Student Discount - Older children who live away from home at college and leave their car at home may be able to be covered for less.
- Defensive Driver - Taking time to complete a course that instructs on driving safety can save you 5% or more and also improve your driving technique.
- Fewer Miles Equal More Savings - Maintaining low annual mileage could qualify for substantially lower insurance rates.
- Active Service Discounts - Having a family member in the military could mean lower premium rates.
- Auto/Home Discount - If you can bundle your auto and homeowners insurance and insure them both with the same insurance company you may earn at least 10 to 15 percent or more.
A quick disclaimer, most of the big mark downs will not be given to the entire cost. Some only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.
A partial list of companies that may offer policyholders most of these discounts include:
When comparing rates, check with each company the best way to save money. Some discounts may not apply to policyholders in your area. To see insurance companies with the best discounts in Middletown, follow this link.
Can't I compare rates from local Middletown auto insurance agents?
Certain consumers just want to visit with an insurance agent. Good agents can help you build your policy and help file insurance claims. One of the great benefits of comparing insurance prices online is the fact that you can find cheap car insurance rates and still have a local agent.
For easy comparison, once you complete this simple form, your coverage information is immediately sent to participating agents in Middletown who will gladly provide quotes to get your business. It's much easier because you don't need to visit any agencies since rate quotes are delivered directly to your email. If you want to compare prices from a specific company, don't hesitate to go to their quote page and fill out the quote form the provide.
Selecting a insurance company requires you to look at more than just a cheap price quote. You should also get answers to these questions.
- Do you qualify for any additional discounts?
- Is assistance available after office hours?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Where are claims handled?
- Are they able to influence company decisions when a claim is filed?
- How often do they review policy coverages?
- Is auto insurance their primary focus in Middletown?
- Are they actively involved in the community?
Pick the best car insurance agent in Middletown for you
If you want to use a reliable insurance agency, it can be helpful to understand the types of insurance agents and how they can quote your rates. Car insurance policy providers can be classified as either independent or exclusive depending on the company they work for. Either can write policy coverage, but it's a good idea to understand the differences because it can impact the selection process.
Exclusive Insurance Agencies
Agents that choose to be exclusive can usually just insure with one company such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide rate quotes from other companies so it's a take it or leave it situation. These agents are highly trained on their products and sales techniques and that enables them to sell even at higher rates.
Independent Car Insurance Agencies
These type of agents do not work for one specific company and that allows them to write policies with a variety of different insurance companies and find the cheapest car insurance rates. If they find a cheaper price, the business is moved internally and you stay with the same agent.
When comparison shopping, we highly recommend that you compare prices from at a minimum one independent agency to have the best price comparison.
Six ways to buy auto insurance more affordably in Middletown
An important part of buying insurance is that you know the rating factors that play a part in calculating your policy premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could result in lower auto insurance prices.
With age comes lower prices - Older drivers are proven to be safer behind the wheel, file fewer claims, and get fewer tickets.Inexperience drivers are proven to be inattentive and easily distracted when behind the wheel and because of this, their auto insurance rates are much higher.
Bundle policies to earn discounts - Most larger insurance companies will award discounts to customers who consolidate policies with them. It's known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even if you qualify for this discount already, it's still a good idea to shop around to verify if the discount is saving money.
Only buy what you need - Policies have extra coverages that sound like a good idea at the time on your policy. Coverages for vanishing deductibles, towing, and membership fees may be costing you every month. They may seem good when buying your policy, but if you've never needed them in the past remove them and pocket the money.
Your job and auto insurance rates - Occupations like military generals, airline pilots, and stock brokers are shown to have the highest average rates because of intense work-related stress and long work days. On the other hand, careers such as farmers, historians and performers have the lowest average rates.
How do annual miles impact rates? - The more you drive annually the higher your rate. The majority of insurers charge to insure your cars partially by how you use the vehicle. Autos that have low annual miles qualify for better rates as compared to vehicles used primarily for driving to work. It's a smart idea to ensure your policy is showing the correct usage, because improper ratings can cost you money.
Avoid traffic tickets - Your driving record has a big impact on rates. Drivers who don't get tickets receive lower rates than their less careful counterparts. Having a single moving violation can increase the cost of insurance forty percent or more. Drivers who have received flagrant violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to legally drive.
Buying the right vehicle insurance in Rhode Island is an important decision
Despite the high insurance cost in Middletown, maintaining insurance serves a purpose in several ways.
- The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to drive the car legally. In Rhode Island these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, it's guaranteed your bank will force you to buy insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender may insure your vehicle for a lot more money and force you to pay the higher price.
- Insurance protects not only your car but also your financial assets. It will also provide coverage for all forms of medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having car insurance more than cancel out the cost, particularly for liability claims. The average driver in Rhode Island overpays as much as $865 each year so you should quote your policy with other companies at least once a year to make sure the price is not too high.
Smart shoppers get results
In this article, we presented a lot of tips how to get a better price on auto insurance in Middletown. The key thing to remember is the more providers you compare, the better chance you'll have of finding low cost Middletown car insurance quotes. You may even be surprised to find that the lowest prices come from a lesser-known regional company. They can often provide lower rates in certain areas compared to the large companies like Progressive or GEICO.
More affordable auto insurance in Middletown can be found on the web as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies may not provide online quoting and these small insurance companies work with independent agents.
As you shop your coverage around, do not reduce coverage to reduce premium. There have been many situations where someone dropped uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at the best price and still be able to protect your assets.
Additional information is available below:
- Side Impact Crash Tests (iihs.org)
- Who Has the Cheapest Rhode Island Car Insurance Rates for Infrequent Drivers? (FAQ)
- Who Has Affordable Rhode Island Car Insurance Quotes for Drivers Under 21? (FAQ)
- Who Has Cheap Rhode Island Auto Insurance for Drivers Over Age 60? (FAQ)
- Who Has Cheap Car Insurance Rates in Rhode Island? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)