Want to learn how to find more competitive car insurance rates in Portsmouth, RI? Having to pay for expensive car insurance in Portsmouth can drain your accounts and maybe even restrict other spending. Doing a rate comparison can lower your rates and help to reduce premiums and put more money in your pocket.

Statistics show that 70% of consumers kept their policy with the same company for more than four years, and almost 40% of drivers have never even shopped around for affordable coverage. Many drivers in Rhode Island can save hundreds of dollars each year by just shopping around, but they feel it's too difficult to find affordable rates by getting comparison quotes.

Popular companies such as State Farm, Allstate, GEICO and Progressive promote their brand names with fancy advertisements and it is difficult to ignore the propaganda and take the time to shop coverage around.

Cheap car insurance companies in Portsmouth

The providers in the list below are ready to provide free quotes in Portsmouth, RI. If multiple companies are shown, we suggest you visit as many as you can to find the most affordable car insurance rates.

Insurance Rates for Popular Vehicles in Portsmouth
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LTZ $1,174 $587 $98
Chevrolet Malibu LS $1,582 $791 $132
Chevrolet Silverado LTZ Crew Cab 4WD $1,462 $731 $122
Dodge Grand Caravan Crew $1,478 $739 $123
Dodge Ram Quad Cab TRX4 Off Road 4WD $1,644 $822 $137
Ford Escape XLS 4WD $1,168 $584 $97
Ford F-150 SVT Raptor Super Cab 4WD $1,376 $688 $115
Ford Focus SES 4-Dr Sedan $1,684 $842 $140
GMC Sierra SLE Regular Cab 2WD $1,280 $640 $107
Honda Accord LX-P 4-Dr Sedan $890 $445 $74
Honda CR-V LX 2WD $924 $462 $77
Honda Civic SI 4-Dr Sedan $1,410 $705 $118
Mazda 3 S Sport 4-Dr Sedan $1,032 $516 $86
Nissan Altima 3.5 SR 2-Dr Coupe $1,530 $765 $128
Nissan Rogue SL AWD $1,814 $907 $151
Toyota Camry XLE $1,276 $638 $106
Toyota Corolla LE $1,104 $552 $92
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in Portsmouth location which can influence prices substantially.

Comparison of full coverage and liability-only policies

The information below shows the comparison of Ford Fusion insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no claims or driving citations, $250 deductibles, single male driver, and no discounts are factored in.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop comprehensive and collision coverage

There is no set rule that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Ford Fusion settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after the deductible is paid. If you are paying over $500 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some conditions where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Illustration showing the impact of accidents and violations

The chart below demonstrates how speeding tickets and accidents can increase Chevrolet Malibu premium costs for different age groups. The data is based on a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

An analysis of deductible level

When buying car insurance, a common question is which comprehensive and collision deductibles to buy. The comparison tables below may aid in understanding the rate fluctuation between low and high insurance deductibles. The first set of prices uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Fusion insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $350 $630 $406 $24 $122 $1,557 $130
Fusion SE 4-Dr Sedan $394 $744 $406 $24 $122 $1,715 $143
Fusion Hybrid 4-Dr Sedan $394 $856 $508 $30 $152 $1,965 $164
Fusion SEL 4-Dr Sedan $394 $744 $406 $24 $122 $1,715 $143
Fusion Sport 4-Dr Sedan $394 $744 $406 $24 $122 $1,715 $143
Fusion SEL AWD 4-Dr Sedan $440 $856 $406 $24 $122 $1,873 $156
Fusion Sport AWD 4-Dr Sedan $440 $856 $406 $24 $122 $1,873 $156
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Ford Fusion insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $254 $426 $406 $24 $122 $1,232 $103
Fusion SE 4-Dr Sedan $288 $502 $406 $24 $122 $1,342 $112
Fusion Hybrid 4-Dr Sedan $288 $578 $508 $30 $152 $1,556 $130
Fusion SEL 4-Dr Sedan $288 $502 $406 $24 $122 $1,342 $112
Fusion Sport 4-Dr Sedan $288 $502 $406 $24 $122 $1,342 $112
Fusion SEL AWD 4-Dr Sedan $320 $578 $406 $24 $122 $1,450 $121
Fusion Sport AWD 4-Dr Sedan $320 $578 $406 $24 $122 $1,450 $121
Get a Quote for Your Vehicle Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Premium costs do not factor in specific location information which can revise coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you about $32 more each month or $384 for a full year than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at a minimum 13 months between claim filings, you would come out ahead if you elect the higher deductible. The numbers below show the way you can make your own decision.

Average monthly premium for $100 deductibles: $148
Average monthly premium for $500 deductibles (subtract): - $116
Monthly savings from raising deductible: $32
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important caveat is that a higher deductible means you will have to pay more of your own money when you do file a claim. You need to have enough extra money in the event you need to pay the higher deductible in order to repair your vehicle.

Decisions you make can lower your prices

Smart consumers have a good feel for the rating factors that play a part in calculating your policy premiums. When you know what positively or negatively determines base rates, this allows you to make educated decisions that may result in cheaper rates. Lots of things are taken into consideration when premium rates are determined. Some are pretty understandable such as your driving record, although others are more transparent such as whether you are married or how safe your car is.

The list below includes a partial list of the pieces insurance companies consider when setting your rate level.

Discounts for lower Portsmouth insurance rates

Some insurers don't always publicize every discount they offer very well, so we took the time to find some of the more common and the more hidden discounts you could be receiving when you buy Portsmouth car insurance online.Save money with discounts

Just know that most of the big mark downs will not be given to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like all those discounts means the company will pay you, you won't be that lucky.

Insurance companies that possibly offer some of the above discounts are:

It's a good idea to ask each company or agent which discounts can lower your rates. All car insurance discounts may not apply to policyholders in Portsmouth. To find providers that offer multiple discounts in Portsmouth, follow this link.

When to contact an insurance agent

A lot of people would prefer to visit with an insurance agent and that can be a great decision A good thing about getting free rate quotes online is that you can obtain the lowest rates and still choose a local agent.

Portsmouth insurance agentsOnce you complete this quick form, your insurance data is instantly submitted to insurance agents in Portsmouth that give free quotes and help you find cheaper coverage. You won't need to leave your house as quotes are delivered directly to you. You can get cheaper insurance rates without requiring a lot of work. If you have a need to compare rates from a particular provider, you can always find their quoting web page and submit a quote form there.

Finding a good insurer should include more criteria than just a cheap price quote. Here are some questions you might want to ask.

If you are wanting to find a local Portsmouth insurance agent, there are two types of insurance agents that you can choose from. Agencies in Portsmouth can be classified as either independent agents or exclusive agents.

Exclusive Agents

Agents that choose to be exclusive normally can only provide a single company's rates such as Allstate, Farmers Insurance or State Farm. These agents are unable to provide prices from multiple companies so keep that in mind. They are highly trained on their company's products which helps offset the inability to provide other markets.

Independent Agents

These type of agents often have affiliation with several companies so they can quote policies with many different companies and get the cheapest rates. If you want to switch companies, they simply switch companies in-house and you don't have to find a new agent.

If you are trying to find cheaper rates, we recommend you include price quotes from several independent insurance agents to get the best comparison.

Smaller companies may have the best rates

Well-known car insurance companies like State Farm, Allstate and GEICO seem to constantly run television and radio advertisements. All the ads seem to make the promise that you can save if you move to them. But how can every company charge you less for auto insurance? You have to listen carefully.

All companies have a preferred profile for the driver that will add to their bottom line. A good example of a driver they prefer might be described as a female over age 40, has no tickets, and the vehicle is rated for pleasure use. A customer that fits those parameters may get the lowest auto insurance rates in Portsmouth and as a result will probably save some money.

Potential insureds who don't meet the requirements will probably be forced to pay higher premium rates which leads to the customer buying from someone else. Company advertisements say "customers that switch" not "everybody who quotes" save that much money. That's the way companies can claim big savings. Because every company is different, you absolutely need to quote coverage with many companies. Because you never know which insurance companies will fit your personal profile best.

Do I just need basic coverages?

When quoting and comparing coverage for your vehicles, there isn't really a "best" method to buy coverage. Your financial needs are unique and your car insurance should unique, too.Higher deductibles save money Here are some questions about coverages that could help you determine whether you might need professional guidance.

If you don't know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Claim statistics by make and model

Does your vehicle tend to have claims? The statistics tables below show the best and worst models for the overall chance of having to file claims for each type of coverage listed.

Medical Payment Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Silverado 3500 Chevrolet Spark
Ford Expedition Mitsubishi Lancer
Tesla Model S Nissan Versa
Ford F-250 SuperCrew Nissan Sentra
Chevrolet Corvette Chrysler 200
Audi A4 Allroad Chevrolet Sonic

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Bodily Injury Liability Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Audi A6 Chevrolet Impala
Subaru Outback Chevrolet Sonic
Fiat 500 Kia Optima
Mercedes-Benz SL Class Chevrolet Cruze
Acura MDX Mitsubishi Mirage
Subaru Forester Mitsubishi Lancer

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Car Insurance Comprehensive Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
GMC Sierra 2500 Bentley Continental GTC
Infiniti QX50 Mercedes-Benz S Class
Nissan Xterra Maserati Granturismo
Volvo V60 Maserati Quattroporte
Chevy Silverado 2500 BMW M6
Ford F-350 Porsche Panamera GTS

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision Coverage Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Ford F-150 SuperCrew Nissan GT-R
Ford F-250 SuperCab Bently Continental GTC
Mini Cooper BMW M6
Chevrolet Colorado Bently Continental GT
Smart ForTwo Ferrari 458
Ford Edge Maserati Ghibli

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Affordable coverage is out there

When getting Portsmouth car insurance quotes online, it's very important that you do not reduce needed coverages to save money. In too many instances, someone dropped comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.

Cheap auto insurance in Portsmouth is attainable both online and with local Portsmouth insurance agents, so you should compare both to get a complete price analysis. Some insurance companies may not have online price quotes and usually these small insurance companies only sell through local independent agencies.

Even more information is located by following these links: